Akerna Company profile
About Akerna Corp
Akerna Corp. is a provider of enterprise software solutions that enable regulatory compliance and inventory management. It develops the products intended to assist states in monitoring licensed businesses compliance with state regulations and to help state-licensed businesses operate in compliance with such law. It provides its commercial software platform, MJ Platform, Trellis, and Viridian Sciences to state-licensed businesses, and its regulatory software platform, Leaf Data Systems to state government regulatory agencies. It provides solution for state and national governments to track product and waste throughout the supply chain with solo TAG. It provides project-focused consulting services to clients who are initiating or expanding their cannabis business operations or are interested in data consulting engagements with respect to the legal cannabis industry. Its advisory engagements include service offerings focused on compliance requirement assessments and application processes.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Akerna Corp revenues increased from $7.8M to $20.7M. Net loss increased 98% to $33.6M. Revenues reflect Software increase from $6.8M to $19M, Consulting increase of 65% to $1.5M, Other revenue increase of 24% to $176K. Higher net loss reflects Impairment of long-lived assets increase from $6.9M to $14.4M (expense), General and administrative increase from $4.4M to $10.4M (expense).
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