Recap: Akoustis Technologies Q3 Earnings

Akoustis Technologies AKTS reported its Q3 earnings results on Monday, May 2, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Akoustis Technologies reported in-line EPS of $-0.22 versus an estimate of $-0.22.

Revenue was up $2.09 million from the same period last year.

Last quarter the company missed on EPS by $0.03 which was followed by a 1.32% increase in the share price the next day.

Here's a look at Akoustis Technologies's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	-0.20	-0.20	-0.16	-0.28
EPS Actual	-0.23	-0.21	-0.19	-0.15
Revenue Estimate	3.78M	2.01M	2.52M	2.25M
Revenue Actual	3.67M	1.87M	2.16M	2.52M

To track all earnings releases for Akoustis Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.