ATech Delays 10-Q Filing Amid Bankruptcy Proceedings

Akoustis Technologies ( (AKTSQ) ) has released a notification of late filing.

ATech (Parent) Resolution Corp., formerly known as Akoustis Technologies, has filed a Form 12b-25 to notify the delay in submitting its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The primary reason for the delay is the company’s ongoing Chapter 11 bankruptcy proceedings, which have consumed significant management resources and funds, making it challenging to prepare the report without unreasonable effort or expense. As of now, the company has not provided a specific timeline for when the delayed report will be filed. The company has indicated that there will be significant changes in its financial results compared to the previous year, largely due to adverse developments in its business and liquidity. Investors are cautioned about the speculative nature of trading the company’s stock during this period. The notification was signed by Mark Podgainy, the Finance Transformation Officer, on May 15, 2025.

The most recent analyst rating on (AKTSQ) stock is a Hold with a $0.25 price target. To see the full list of analyst forecasts on Akoustis Technologies stock, see the AKTSQ Stock Forecast page.

Spark’s Take on AKTSQ Stock

According to Spark, TipRanks’ AI Analyst, AKTSQ is a Underperform.

Akoustis Technologies faces significant financial challenges, marked by negative profitability and high leverage. The lack of technical indicators and weak valuation further contribute to the low score, while the absence of recent earnings call data adds uncertainty to the company’s outlook.

To see Spark’s full report on AKTSQ stock, click here.

More about Akoustis Technologies

Average Trading Volume: 1,664,253

Technical Sentiment Signal: Strong Sell

Current Market Cap: $15.46K

See more data about AKTSQ stock on TipRanks’ Stock Analysis page.