Akoustis Technologies

Akoustis Technologies, Inc. is a filter solutions company, which engages in the development, design, and manufacture of radio frequency (RF) filter products. It operates through the Foundry Fabrication Services and RF Filters segments. The Foundry Fabrication Services segment is composed of engineering review services and STC-MEMS foundry services. The RF Filters segment includes amplifier and filter product sales, and grant revenue. The company was founded by Jeffrey B. Shealy in 2014 and is headquartered in Huntersville, NC.

Earnings data Q3 2021

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Akoustis reports record revenue and anticipates sequential growth opportunities

Akoustis reported strong revenue growth and expects further sequential growth, driven by its product portfolio and expansion efforts. The company is making significant progress in its defense and other business segments, while closely monitoring market dynamics and addressing challenges in the China mobile and WiFi markets. Akoustis is well-positioned for future growth opportunities, particularly in the automotive and small cell markets.

Akoustis Technologies achieves record revenue, eyes significant growth opportunities

Akoustis Technologies shows strong performance with record revenue and strategic market entries, aiming for cash flow breakeven and improved margins.
The company's focus on premium filters, market positioning in 5G and Wi-Fi segments, and proactive engagement present growth opportunities.
However, challenges like supply chain constraints and operational transitions require continuous innovation and strategic management.
Overall, Akoustis Technologies is poised for growth with a solid financial trajectory and market positioning in key technology segments.

Akoustis Technologies achieves record revenue, eyes growth opportunities ahead

Akoustis Technologies reports record revenue, progress in key markets, and ongoing challenges. Company anticipates continued growth, focusing on profitability and market engagement. Litigation and China market dynamics remain areas of attention.

Akoustis Technologies reports record sales, anticipates revenue challenges ahead

Akoustis Technologies continues its strong sales performance but faces near-term revenue challenges. Despite the expected revenue decline in the September quarter, the company is optimistic about future growth opportunities in WiFi technology and automotive markets. Operating cash flow breakeven is targeted for the October 2024 quarter.

Akoustis Technologies reports Q1 revenue dip but eyes growth

Akoustis Technologies navigated a mixed Q1 2024 with revenue fluctuations but anticipates growth ahead.
Focused on expense reduction, cash flow improvement, and margin enhancement to achieve breakeven.
Eyeing revenue diversification and market expansion to drive profitability and engage Tier-1 customers.
Strategic cost management and product innovation key to future success and margin growth.

Akoustis Technologies reports strong Q2 revenue growth and pursues market opportunities

Akoustis Technologies delivered solid Q2 results, with a focus on revenue growth, expense reduction, and IP protection. The company is poised for growth in key markets and is actively pursuing opportunities to strengthen its financial position and market presence amidst ongoing legal challenges.

Akoustis Technologies reports revenue growth and pursues Wi-Fi 7 opportunities

Akoustis Technologies demonstrated revenue growth and technological advancements in Q3 2024, despite recording net losses per share.
The company faces challenges related to customer concentration, profitability, and transitioning programs, but is actively pursuing opportunities in Wi-Fi 7, defense markets, and operational efficiency.
With a focus on diversification, cost management, and market expansion, Akoustis Technologies aims to achieve operating cash flow breakeven within the next 9 months and capitalize on the potential for growth in advanced wireless technologies.
Strategic initiatives, design wins, and financial support position the company for future success, highlighting its potential for market leadership and innovation in the semiconductor industry.

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Akoustis Technologies, Inc. is a filter solutions company, which engages in the provision of development, design, and manufacture of radio frequency (RF) filter products. It operates through the Fabrication Services and RF Filters segments. The Fabrication Services segment is composed of engineering review services and STC-MEMS foundry services. The RF Filters segment includes amplifier and filter product sales, and grant revenue. The company was founded by Jeffrey B. Shealy in 2014 and is headquartered in Huntersville, NC.

– Company Begins Shipping Early Orders for 5G Small Cell Base Station Filters –    – Company Expects to Ramp Shipments of 5G Filters to Tier-1 Customer in June Quarter –    – First of Multiple Expected XBAW™ Filter Designs for 5G Network Infrastructure –

Akoustis Announces First Commercial Volume Order for 5G Infrastructure RF Filters

– Filter Sampling Expanded from One to Three Potential Customers in Q4 CY2019 –

Akoustis Locks Design for Citizen’s Broadband Radio Service 5G Infrastructure Filter

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– WLP Package Footprint Enables Form Factor Suitable for 5G Mobile Device Market –

Akoustis Completes Wafer Level Package Demonstrator and Ships Sample to Tier-1 Mobile Device OEM

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Charlotte, N.C., Jan.  08, 2020  (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ:  AKTS ) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, will attend the 22nd Annual Needham Growth Conference on January 14-15, 2020. The conference is being held at the Lotte New York Palace Hotel in Manhattan, NY.

Akoustis Technologies to Present at the 22nd Annual Needham Growth Conference on January 15, 2020 at 3:30 pm ET

–    Leading Enterprise OEM Evaluating 5.2/5.6 GHz Coexistence Filter Solution for Tri-Band WiFi –

Akoustis Receives Order and Ships Tandem 5 GHz WiFi Samples to Tier-1 OEM

–    Filter Design and Sample Shipment to Customer Completed in Less Than Six Months –

Akoustis Ships Five New High Frequency XBAW Filters for Radar Defense Program

Charlotte, North Carolina, Dec.  17, 2019  (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (Nasdaq: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (“IDM”) of patented bulk acoustic wave (“BAW”) high-band radio frequency (“RF”) filters for mobile and other wireless applications, announced today the closing of its previously announced underwritten public offering of 5,520,000 shares of its common stock at a price to the public of $6.25 per share, which included the exercise in full by the underwriters of their option to purchase 720,000 additional shares of Akoustis’ common stock. Net proceeds to Akoustis, after deducting the underwriting discount and estimated offering expenses payable by Akoustis, were approximately $32.0 million. Akoustis intends to use the net proceeds from the offering to fund operations and the growth of its business, including for capital expenditures, working capital, research and development, the commercialization of its technology and other general corporate purposes. 

Akoustis Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares

–  Follow-On Purchase Order for Additional Quantities of New 5G Filters Expected to Ship in March Quarter –

Akoustis Ships Two New 5G RF Filters to Tier-1 Mobile Customer and Receives Follow-On Order

Charlotte, N.C., Dec.  12, 2019  (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (Nasdaq: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (“IDM”) of patented bulk acoustic wave (“BAW”) high-band radio frequency (“RF”) filters for mobile and other wireless applications, announced today that it has priced its underwritten public offering of 4,800,000 shares of its common stock at a public offering price of $6.25 per share.

Akoustis Announces Pricing of Public Offering of Common Stock

– World’s First 5.6 GHz BAW UNII 2+3C Filter Targets Tri-Band WiFi Architectures    –    –    IEDM is the World's Pre-eminent Forum for Reporting Technological Breakthroughs –    –    XBAW™ Micro Filters Offer Significantly Reduced Size Relative to Incumbent DR Filters –

Akoustis to Present the Technical Performance of Its Wide Bandwidth 5.6 GHz XBAW Coexistence Filters at the 65th IEEE International Electron Devices Meeting

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– Akoustis Expanding Pre-Production of Ultra-Wideband 5.6 GHz Filter for Tri-Band WiFi CPE –    – 5.6 GHz Filter Works in Tandem with Akoustis’ 5.2 GHz Filter to Create the World’s First High-Band WiFi BAW Coexistence Filter Solution –

Akoustis Ships 60,000 Pre-Production 5.6 GHz WiFi Filters to Leading RF Customer

Charlotte, N.C., Nov.  06, 2019  (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ:  AKTS ) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that members of its senior management plan to attend the following conferences:

Akoustis to Attend Upcoming Investor Conferences

Akoustis (AKTS) fiscal first-quarter earnings are likely to have gained from noteworthy deal wins on strength in BAW RF filter solutions.

Factors Setting the Tone for Akoustis' (AKTS) Q1 Earnings

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– Akoustis’ XBAW Filters Suitable for 2x2 and 4x4 MU-MIMO Tri-Band WiFi –    – Potential Inclusion in Reference Design Targeting Multiple OEM and ODM Customers –

Akoustis Ships Pre-Production Tandem 5.2 GHz/5.6 GHz WiFi BAW Filters to Tier-1 SoC Customer

- Band n79 Filter Targets Emerging 5G Small Cell Network for China Market -    - New XBAW™ Filter Operates in the Ultra-High Band (UHB), Sub-6 GHz Spectrum -    - Product Samples Now Available; Production Ramp expected in 1H CY2020 -

Akoustis Announces New 5G Network Infrastructure BAW Filter Solution and Ships First Samples to a New Global Tier-1 Customer

– Positions Akoustis to Win 5.2 and 5.6 GHz Tandem Filter Sockets with Potential Ramp in CY20 –

Akoustis Announces First Shipment of Pre-Production 5.6 GHz XBAW Coexistence Filters to a Tier-1 WiFi OEM

Charlotte, N.C., Sept.  05, 2019  (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ:  AKTS ) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, will attend the Lake Street Capital Markets 3rd Annual Best Ideas Growth (BIG3) Conference on September 12, 2019. The conference is being held at the Parker Hotel in Manhattan, NY.

Akoustis Technologies to Attend the Lake Street 3rd Annual Best Ideas Growth (BIG3) Conference on September 12, 2019

Akoustis Technologies, Inc. (AKTS) CEO Jeff Shealy on Q4 2019 Results - Earnings Call Transcript

Charlotte, N.C., Aug.  20, 2019  (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ:  AKTS ) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, will attend the Jefferies 2019 Semiconductor, IT Hardware and Communications Infrastructure Summit on August 26-28, 2019. The summit is being held at the Ritz Carlton Hotel in Chicago, Illinois.

Akoustis Technologies to Attend the Jefferies 2019 Semiconductor, IT Hardware and Communications Infrastructure Summit on August 27, 2019

Akoustis (AKTS) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

Akoustis (AKTS) Catches Eye: Stock Jumps 8.3%

Akoustis Technologies, Inc. (AKTS) CEO Jeffrey Shealy on Q3 2019 Results - Earnings Call Transcript

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