KERN — Stock Film
STOCK FILMSCENE 1/12KERN · $0.31
Stock Expert AI presents
KERN
Akerna Corp
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Akerna Corp. What it actually does.

Provides enterprise software solutions for the cannabis, hemp, and CBD industries. Offers the MJ Platform for regulatory compliance and inventory management. Now — the numbers.

on the stock market since 2018
112 employees
$162K market value
WHERE DOES THE MONEY COME FROM?
95%Software Revenues
Software RevenuesConsulting Revenues 5%Other Revenues <1%
95% of all revenue comes from a single line: Software Revenues.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$185K
The loss that same year:
$153K
For every $1 it earns, the company spends $1.8.

The company is still in the product-building phase: its spending runs far above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales have been shrinking.

An average decline of 56% a year over the last 4 years — the most striking risk in this picture. Red columns mark years that ended in a loss.

$10.9M
2020
2021
2022
2024
$185K
2025
In the vault right now:
$3.8M
DEBT: $188.4M
At this pace, that money lasts about 25 years.

At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.

Every quarter, analysts set a profit bar.
How many of the last 8 did the company clear?
2 / 8
EXPECTATIONS MET OR BEATEN
2
Mar 2022
Nov 2023
2 TIMES IN THE LAST 8 QUARTERS
It misses the bar more often than not.
THE COUNCIL REVIEW
9

angles, checked one by one.

The 3 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

WEAK SPOTS
The stock has lost its spark0/10
Sales are shrinking2/10
Costs eat into the margin4/10
WORTH WATCHING

Revenue Growth: Sales are going backwards, not just slowing.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 100% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/1
The product is selling

Sales run at $185K a year. A small number, but proof the product has real buyers.

1
THE RISKS · 1/3
Small sales, big loss

A loss of $153K against $185K in annual sales. And on top of that, sales fell from the year before.

2
THE RISKS · 2/3
Trading under $1

The stock sits at $0.31. Under exchange rules, stocks that stay below $1 for too long risk being removed from the market.

3
THE RISKS · 3/3
A wildly swinging price

This stock swings about 2.8 times as much as the market average. Big rallies — and big drops — can both happen fast.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

What would you like to do next?
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This was a film — not investment advice.
Data: FMP & company filings
Sep 12, 2026 · stockexpertai.com · Stock Film