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 Reports Revenue 30% Above Guidance – – Growing Customer Activity in 5G Mobile, WiFi, Infrastructure and Other Markets – – Akoustis to Accelerate Fab Expansion and Boost Capacity by an Additional 2X by CYE 2021 – – Company to Host Investor Update Call Today at 8:00 am Eastern –

Akoustis Reports Second Quarter Fiscal 2021 Results

– Tandem WiFi 6E BAW Coexistence RF Filters to Be Used in New MU-MIMO Router Product –

Akoustis Receives Volume Order from a Third Tier-1 Customer for Its 5.5/6.5 GHz WiFi 6E XBAW Coexistence Filter Solutions

– Company's 5.5/6.5 GHz WiFi 6E XBAW Filters Offer Ultra-Wide Passband Performance in both 5 GHz and 6 GHz Unlicensed Bands –

Akoustis Achieves Design-Lock on Tandem WiFi 6E BAW Coexistence Filter Solutions

Charlotte, N.C., Jan. 26, 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 it has issued a redemption notice to the holders of the Company's outstanding $15,000,000 aggregate principal amount of 6.5% Convertible Senior Secured Notes due 2023 (the “Notes”), pursuant to the indenture governing the Notes. The Company will redeem all Notes that continue to be outstanding on March 1, 2021.

Akoustis Issues Redemption Notice on Remaining $15 Million of Company's Outstanding 6.5% Convertible Senior Secured Notes Due 2023

Akoustis (AKTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Akoustis (AKTS) Report Negative Q2 Earnings? What You Should Know

Charlotte, N.C., Jan. 25, 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, will host an investor update call to provide a business update and outlook on Monday, February 1, 2021 at 8:00 a.m. Eastern Time. Management will host a question-and-answer session at the end of the call.

Akoustis to Webcast Investor Update Call on February 1st at 8:00 am ET

Charlotte, N.C., Jan. 05, 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 attend the 23rd Annual Needham Virtual Growth Conference on January 11, 2021.

Akoustis to Present at the 23rd Annual Needham Virtual Growth Conference on January 11, 2021

Akoustis announced a new customer order this week, adding to the operating business achievements of 2020. The stock quote has rocketed higher on the news.

Cutting-Edge Akoustis 5G And 6G RF Filters Equal High Growth Potential

– Orders for Development of Two XBAW Filters for 5G/WiFi Coexistence Devices Targeting Multiple OEMs and ODMs –

Akoustis Receives First 5G Mobile Orders for XBAW Filters from New Tier-1 RF Solutions Provider

– New XBAW Filter Design Win is for MU-MIMO Tri-Band WiFi Bridge Using 5.2/5.6 GHz XBAW Coexistence Solution – – Production Ramp Expected in 2nd Half of CY21 –

Akoustis Awarded New WiFi 6 RF Filter Design Win From a Third WiFi Customer

– New XBAW Design Win Supports New MU-MIMO Tri-Band Gateway/Router Using Company's 5.2/5.6 GHz Coexistence RF Filter Solution –

Akoustis Awarded WiFi 6 RF Filter Design Win from New Customer

Charlotte, N.C., Dec. 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, announced today that senior management will attend the Oppenheimer 5G Summit on December 15, 2020.

Akoustis to Present at the Oppenheimer 5G Summit on December 15, 2020

Charlotte, N.C., Dec. 07, 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, announced today that it has issued a redemption notice to the holders of the Company's outstanding $10,000,000 aggregate principal amount of 6.5% Convertible Senior Notes due 2023 (the “Notes”), pursuant to the indenture governing the Notes. The Company will redeem all Notes that continue to be outstanding on February 1, 2021.

Akoustis Issues Redemption Notice on $10 Million of Company's Outstanding 6.5% Convertible Senior Notes Due in 2023

NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Akoustis Technologies, Inc. (NASDAQ: AKTS). If...

SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Akoustis Technologies, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

Charlotte, N.C., Nov. 10, 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, announced today that senior management will attend the Craig-Hallum Alpha Select Conference on November 17, 2020.

Akoustis to Present at the Craig-Hallum Alpha Select Conference on November 17, 2020

Charlotte, N.C., Nov. 04, 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, announced today that senior management will attend the Roth Technology Virtual Event on November 11, 2020.

Akoustis to Present at the Roth Technology Virtual Event on November 11, 2020

Akoustis Technologies (AKTS) delivered earnings and revenue surprises of -15.00% and 17.13%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Akoustis Technologies (AKTS) Reports Q1 Loss, Tops Revenue Estimates

– Company to Host Investor Update Call Today at 8:00 am Eastern –

Akoustis Reports First Quarter Fiscal 2021 Results

Akoustis Technologies (AKTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Akoustis Technologies (AKTS) Report Negative Q1 Earnings? What You Should Know

– Defense Advanced Research Projects Agency (DARPA) Is the Premier Government Agency Making Pivotal Investments in Breakthrough Technologies for National Security – – Direct-to-Phase-2 Program to Facilitate MEMS Development, Produce Novel Piezoelectric Materials and Device Designs for Commercial and Defense Markets –

Akoustis Awarded New DARPA Contract to Advance XBAW Technology

Charlotte, N.C., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Akoustis, 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 host an investor update call to provide a business update and outlook on Monday, November 2, 2020 at 8:00 a.m. Eastern Time. Management will host a question and answer session at the end of the call.

Akoustis to Webcast Investor Update Call on November 2nd at 8:00 a.m. ET

Bear of the Day: Akoustis Technologies (AKTS)

– New Band n79 XBAW Filter Solution Initially Targeting 5G Operators in Asia; Production Ramp Expected in Early CY2021 –

Akoustis Ships Fourth 5G Small Cell Network Infrastructure Filter to Tier-1 Customer

– Band n79 Filter for New Small Cell Product Aimed at 5G Network Operators –     – Akoustis Expects Production Ramp in Early CY21 –

Akoustis Receives XBAW RF Filter Design Win and Order from New 5G Small Cell Infrastructure Customer

Charlotte, N.C., Sept.  11, 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, announced today that senior management will attend the 4th Annual Lake Street Best Ideas (Big4) Growth Conference which will be held virtually on September 17, 2020.

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