Akoustis Technologies, Inc. reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported sales was USD 7 million compared to USD 5.57 million a year ago. Net loss was USD 20.13 million compared to USD 19.09 million a year ago.

Basic loss per share from continuing operations was USD 0.28 compared to USD 0.33 a year ago.