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.

19th Annual Craig-Hallum Institutional Investor Conference June 1st

Akoustis to Attend Multiple Conferences in June 2022

Charlotte, N.C., May 03, 2022 (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 senior management will present at the 7th Annual Oppenheimer Emerging Growth Conference on May 10, 2022.

Akoustis to Attend Oppenheimer's 7th Annual Emerging Growth Conference on May 10, 2022

Akoustis Technologies, Inc. (NASDAQ:AKTS ) Q3 2022 Earnings Conference Call May 2, 2022 8:00 AM ET Company Participants Tom Sepenzis - Director, Investor Relations Jeff Shealy - Founder and Chief Executive Officer Ken Boller - Chief Financial Officer Dave Aichele - Executive Vice President, Business Development Conference Call Participants Cody Acree - Benchmark Harsh Kumar - Piper Sandler Rich Schaefer - Oppenheimer Suji Desilva - ROTH Capital Operator Good day, ladies and gentlemen and welcome to Akoustis Technologies Fiscal 2022 Third Quarter Conference Call. As a reminder, this conference call is being recorded.

Akoustis Technologies, Inc. (AKTS) CEO Jeff Shealy on Q3 2022 Results - Earnings Call Transcript

Company's New, Advanced, and Proprietary Wafer-Level-Packages Developed and Manufactured In-House

Akoustis Ships Second XBAW Filter Design in Company's New Wafer-Level-Package to Tier-1 5G Mobile Customer

Second Consecutive Quarter of Record Revenue. Driven by Growth in XBAW™ Filter Sales, Ramp Expected to Continue in Q4 FY22 With Sequential Revenue Expected to Increase by More Than 30%.

Akoustis Reports Record Revenue for Third Quarter Fiscal 2022 on 25% Sequential Growth

Wins Include Enterprise-Class MU-MIMO Router and Consumer MU-MIMO Router

Akoustis Wi-Fi 6E BAW Filter Design Wins Increase to Fifteen with New Design Wins from Two Wi-Fi 6E Customers

Charlotte, N.C., April 25, 2022 (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 webcast its Q3FY22 results on Monday, May 2, 2022, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.

Akoustis to Webcast Q3FY22 Results on May 2 at 8:00 am ET

RF Industries

The pandemic-induced work-from-home wave and accelerated deployment of 5G enhance the prospects for the Zacks Semiconductors - Radio Frequency industry players like Akoustis Technologies (AKTS) and RF Industries (RFIL).

2 Radio Frequency Stocks to Watch in a Promising Industry

Akoustis is rapidly getting a foothold in the burgeoning RF filter market on the basis of their proprietary XBAW technology.

Akoustis Is Rapidly Ramping Up Production

Charlotte, N.C., Feb. 25, 2022 (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 senior management will attend the 11th Annual Susquehanna Technology Conference which is being held virtually between March 3-4, 2022.

Akoustis to Attend the 11th Annual Susquehanna Technology Conference on March 3, 2022

New Customer is Akoustis' Fifth Active 5G Mobile Engagement, Which Includes Three Tier-1 Customers

Akoustis Receives 5G Mobile XBAW Filter Development Order from a New Tier-1 RF Module and Filter Customer

•Boller Joined Akoustis in 2017; Brings Over 25 Years' Finance Experience •Boller Joined Akoustis in 2017; Brings Over 25 Years' Finance Experience

Akoustis Appoints Ken Boller as Chief Financial Officer

The stock price of Akoustis Technologies Inc (NASDAQ: AKTS) increased by over 15% during intraday trading today. This is why it happened.

Akoustis Technologies (AKTS): Why The Price Jumped Up Today

Akoustis Technologies' (AKTS) CEO Jeff Shealy on Q2 2022 Results - Earnings Call Transcript

Akoustis (AKTS) delivered earnings and revenue surprises of -21.05% and 0.38%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Akoustis (AKTS) Reports Q2 Loss, Lags Revenue Estimates

Akoustis Technologies Inc AKTS reported second-quarter FY22 revenue growth of 96% quarter-on-quarter to $3.67 million, missing the consensus of $3.78 million. "Despite the ongoing macro headwinds presented by both COVID and semi-conductor supply chain shortages, Akoustis was able to achieve record revenue and unit growth in the December quarter and we expect that growth to continue.

Akoustis Clocks 96% Sequential Revenue Growth In Q2; Issues Positive Q3 Outlook

Charlotte, N.C., Jan. 31, 2022 (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 the Company has received five new Wi-Fi design wins from multiple customers, each of which is expected to ramp into production and ship in the current calendar year.

Akoustis Receives Five New Wi-Fi Design Wins –Total Number of Wi-Fi Design Wins Increases from Eight to Thirteen

Sales Momentum Continues as Revenue in the Current Q3 FY22 is Expected to Increase Over 25% Sequentially

Akoustis Reports Record Revenue for Second Quarter Fiscal 2022 on 96% Sequential Growth

Charlotte, N.C., Jan. 26, 2022 (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 webcast its Q2FY22 results on Monday, January 31, 2022, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.

Akoustis to Webcast Q2FY22 Results on January 31st at 8:00 am ET

Akoustis Technologies Inc (NASDAQ: AKTS) won a purchase order from a new customer to develop a 5G mobile XBAW filter. The financial terms of the deal remain undisclosed.

Akoustis Pockets Purchase Order From New Tier-1 Mobile Customer

Company to Develop and Ship XBAW Wafers for Challenging 5G Mobile Coexistence Filter

Akoustis Receives Purchase Order from New Tier-1 Mobile Customer

Charlotte, N.C., Dec. 07, 2021 (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 senior management will present at the 2nd Annual Oppenheimer 5G Summit on December 14, 2021, at 9:05 am ET.

Akoustis to Present at the 2nd Annual Oppenheimer 5G Summit on December 14, 2021, at 9:05 am ET

Charlotte, N.C., Nov. 29, 2021 (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 its CEO, Jeff Shealy, is scheduled to appear on the TD Ameritrade Network today at 11:20 AM ET. To watch the appearance, go to: https://tdameritradenetwork.com/.

Akoustis CEO Jeff Shealy Scheduled to Appear on the TD Ameritrade Network Today at 11:20 AM ET

My investment thesis in RF-Filter disruptor Akoustis has certainly not panned out. At least not so far. AKTS has been beaten down to under $7. That's below where it was a year ago - before a number of big contract wins prior to a well-timed stock sale

Akoustis: Valuation Metrics Show Disruptor Is Severely Undervalued

Dave Aichele, EVP of Business Development, to Present RF Acoustic Filters for High-Performance Wi-Fi

News for Akoustis Technologies Stock (AKTS)