Update: Akerna sets $27.5 million revenue target for 2020, driven by acquisitions

A few hours after we published a note on Akerna’s planned acquisition of Ample Organics, the company filed an 8K updating the details.

The filing and presentation had key additions and differences from the initial announcement, including:

  • Calendar Year 2020 pro forma revenue target of $27.5 million for Akerna overall. This is slightly ahead of the $26 million target implied by KERN’s previous guidance of 50% growth annually.
  • With $8.7 million in annualized revenue expected from Ample Organics in CY2020,

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