Akerna: Q1 Earnings Insights

Shares of Akerna KERN decreased 3.2% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 61.90% year over year to ($0.34), which missed the estimate of ($0.28).

Revenue of $3,714,000 higher by 16.32% year over year, which missed the estimate of $4,490,000.

Guidance

Akerna hasn't issued any earnings guidance for the time being.

Akerna hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Nov 12, 2020

Time: 08:30 AM

ET Webcast URL: https://ir.akerna.com/news-events/ir-calendar/detail/6766/q1-2021-earnings-call

Price Action

52-week high: $13.50

52-week low: $2.17

Price action over last quarter: down 16.76%

Company Overview

Akerna Corp is a United States-based company. The firm is the first compliance technology company in the cannabis space. It offers MJ Platform and Leaf Data Systems which are platforms that provide clients and government entities with a central data management system for tracking regulated cannabis products from seed to product to shelf to customers through the supply chain. The company generates the majority of the revenue from its commercial software platforms.