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.

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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.

Tier-1 Customer to Use Multiple Akoustis XBAW® Filters in 4X4 and 2X2 MU-MIMO Enterprise Access Point Platforms Has Received Volume Orders to Facilitate Production Ramp in the Second Half of Calendar Year 2024 Charlotte, N.C., Feb. 08, 2024 (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 multiple narrowband and wideband patented XBAW® filters are being designed into two new programs with an enterprise Wi-Fi access point (AP) solutions provider.

Akoustis Achieves Wi-Fi 7 Design Win and Volume Orders for Two New Programs from Current Tier-1 Enterprise Wi-Fi AP Solutions Provider

Charlotte, N.C., Feb. 06, 2024 (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 Q2FY24 results on Tuesday, February 13, 2024, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.

Akoustis to Webcast Q2FY24 Results on February 13 at 8:00 am ET

Charlotte, N.C., Jan. 29, 2024 (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 the closing of its previously announced underwritten public offering of 20,000,000 shares of its common stock at a price to the public of $0.50 per share, including the exercise in full by the underwriter of its option to purchase 3,000,000 additional shares of Akoustis' common stock, for a total offering of 23,000,000 shares of the Company's common stock.. Net proceeds to Akoustis, after deducting the underwriting discount and estimated offering expenses payable by Akoustis, were approximately $10.4 million.

Akoustis Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriter's Option to Purchase Additional Shares

Board Co-Chair, CEO, CPO, and Other Company Management and Employees Investing $1 Million Charlotte, N.C., Jan. 25, 2024 (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 priced its underwritten public offering of 20,000,000 shares of its common stock at a public offering price of $0.50 per share.

Akoustis Announces Pricing of Public Offering of $10.0 Million of Common Stock

Akoustis Technologies (NASDAQ: AKTS ) stock is falling on Thursday after the radio frequency and wireless devices company announced a proposed public share offering. According to a press release from Akoustis Technologies, the company intends to sell shares of AKTS stock through an underwritten public offering.

Why Is Akoustis Technologies (AKTS) Stock Down 33% Today?

Charlotte, N.C., Jan. 24, 2024 (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 intends to offer and sell shares of its common stock in an underwritten public offering.

Akoustis Announces Proposed Public Offering of Common Stock

Second Tier-1 Customer to Use Multiple Akoustis 5 GHz and 6 GHz Wi-Fi 7 Filters for a 4X4 MU-MIMO AP Platform Has Received Prototype Orders to Enable Production Ramp in the Second Half Calendar Year 2024 Charlotte, N.C., Jan. 10, 2024 (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 five of its patented XBAW® filters are being designed into a new quad-band enterprise Wi-Fi access point (AP) platform.

Akoustis Receives Wi-Fi 7 Design Win from Tier-1 Enterprise Wi-Fi AP Provider

Charlotte, N.C., Dec. 20, 2023 (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, along with HPE Aruba Networking, has been awarded the 8th Annual Wi-Fi NOW Awards Gala for the Best Enterprise Wi-Fi Solution.

Wi-Fi NOW Awards Akoustis and HPE Aruba Networking for Best Enterprise Wi-Fi Solution

Number of Companies Utilizing XBAW® Foundry Services Increases to Four Launch of Akoustis' XBAW® Synthesizer Software as part of Foundry Services Foundry Focused on 2 to 20 GHz in Commercial and Defense Applications Charlotte, N.C., Dec. 06, 2023 (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 that a leading commercial SATCOM company placed a new development order.

Akoustis Receives First Development Order from Leading Commercial Satellite Communications Company for Use of XBAW® Foundry Services

Multi-Year, Multi-Million Dollar Phase 2 Award for Development of High Frequency 2-18 GHz XBAW® Filter Technology Award Invests in Development of Akoustis' Single-Crystal and XP3F Filter Technologies New Materials and Device Manufacturing to Target Commercial and Defense Markets Charlotte, N.C., Nov. 16, 2023 (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 that it has successfully completed Phase 1 of its contract with the Defense Advanced Research Projects Agency (DARPA) to pursue new materials and device manufacturing methods that can scale its XBAW® technology to 18 GHz, and was awarded a new multi-year, multi-million dollar contract for Phase 2 of the DARPA COmpact Front-end Filters at the ElEment-level (COFFEE) program.

Akoustis Awarded Phase 2 For DARPA COFFEE Program

Charlotte, N.C., Nov. 14, 2023 (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 founder and CEO Jeff Shealy will attend the 14th Annual Craig-Hallum Alpha Select Conference being held at the Sheraton New York Times Square Hotel on November 16, 2023.

Akoustis to Attend the 14th Annual Craig-Hallum Alpha Select Conference on November 16, 2023

Akoustis Technologies, Inc. (NASDAQ:AKTS ) Q1 2024 Earnings Conference Call November 13, 2023 8:00 AM ET Company Participants Tom Sepenzis - IR Jeff Shealy - Founder & CEO Ken Boller - CFO Dave Aichele - EVP of Business Development Conference Call Participants Anthony Stoss - Craig-Hallum Craig Ellis - B. Riley Securities Suji Desilva - ROTH MKM Operator Good day, ladies and gentlemen, and welcome to the Akoustis Technologies Fiscal 2024 First Quarter Conference Call.

Akoustis Technologies, Inc. (AKTS) Q1 2024 Earnings Call Transcript

Akoustis (AKTS) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.28 per share a year ago.

Akoustis (AKTS) Reports Q1 Loss, Misses Revenue Estimates

Q1 Revenue Up 26% Year-Over-Year, In-Line with Prior Guidance Guiding Revenue Flat in December Quarter, then 18 to 25% Growth with Record Revenue Projected in March Quarter Growth, Cost Savings Initiatives, Chips ITC Refund Support Operating Cash Flow Breakeven

Akoustis Reports First Quarter FY24 Results

New Designs Developed Using Akoustis' Proprietary XBAW Foundry Process Customer Designed Filters to Target Wi-Fi 7 AP and China Mobile Markets Production Ramp Expected in First Half Calendar 2024 Charlotte, N.C., Nov. 10, 2023 (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 that it has received a purchase order from a tier-2 5G mobile and Wi-Fi access point (AP) RF front-end module customer for design iterations of three previously shipped designs.

Akoustis Receives Purchase Order for Three BAW Filter Designs from 5G Mobile and Wi-Fi Router RF Front-End Customer

A10765 Currently Sampling and Meets the Stringent Coexistence Requirements for 5 GHz U-NII 1-3 Bands Production Ramp Expected to Begin in the First Half of Calendar 2024 Charlotte, N.C., Sept. 29, 2023 (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 that it has started sampling its new Wi-Fi 6E and Wi-Fi 7 coexistence filter solution, covering the stringent rejection requirements of U-NII 1-3 bands.

Akoustis Introduces Enhanced BAW RF Filter for Wi-Fi 6E & 7 Applications

Charlotte, N.C., Sept. 12, 2023 (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 that it will be exhibiting at the Wi-Fi World Congress North America 2023 (WWC) in Toronto, Canada, from September 18-20, 2023.

Akoustis to Attend Wi-Fi World Congress North America 2023 Conference in Toronto from September 18-20

Akoustis Technologies, Inc. (NASDAQ:AKTS ) Q4 2023 Earnings Conference Call September 6, 2023 8:00 AM ET Company Participants Tom Sepenzis - Investor Relations Jeff Shealy - Founder & Chief Executive Officer Ken Boller - Chief Financial Officer Dave Aichele - EVP of Business Development Conference Call Participants Anthony Stoss - Craig-Hallum Craig Ellis - B. Riley Securities Suji Desilva - ROTH MKM Operator Good day, ladies and gentlemen, and welcome to the Akoustis Technologies Fiscal 2023 Fourth Quarter Conference Call.

Akoustis Technologies, Inc. (AKTS) Q4 2023 Earnings Call Transcript

Akoustis (AKTS) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.26 per share a year ago.

Akoustis (AKTS) Reports Q4 Loss, Misses Revenue Estimates

Charlotte, N.C., Aug. 29, 2023 (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 fourth quarter and full year 2023 results on Wednesday, September 6, 2023, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.

Akoustis to Webcast Q4FY23 and Full Year Results on September 6 at 8:00 am ET

New Filter for Multiple Enterprise-Class Wi-Fi 7 Access Points with MU-MIMO Architectures Advanced Single-Crystal Material Delivers Improved Power Handling and Harmonics over Existing Poly-Crystal Materials Customer Wi-Fi Routers Expected to Ship First Half CY24 Charlotte, N.C., Aug. 17, 2023 (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 shipped samples of a new advanced single-crystal XBAW® filter solution to a tier-1 enterprise-class Wi-Fi access point (AP) customer.

Akoustis Sampling New Advanced Single-Crystal XBAW® Filter with Tier-1 Wi-Fi Customer

Charlotte, N.C., Aug. 15, 2023 (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 Needham Virtual Semiconductor & SemiCap Conference on August 22, 2023. The Conference is being held virtually on August 22-23, 2023.

Akoustis to Attend the 4th Annual Needham Virtual Semiconductor & SemiCap Conference on August 22, 2023

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Charlotte, N.C., June 13, 2023 (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 that the Company has launched its cutting-edge foundry and engineering services to target market segments including mobile, Wi-Fi, defense, 5G infrastructure, and automotive.

Akoustis Launches State-of-the-Art XBAW® Foundry Services and AI-Enabled Engineering Design Software

Akoustis to Present at WSP Workshop, Industry Showcase, IMS Technical Session, and Interactive Forum Booth Demonstrations Include Wi-Fi 6E & 7, Medical, and Automotive Filter Solutions including BAW Filters, SAW Filters, XTAL, Ceramic, and Foundry Services Akoustis Will Exhibit in Booth #553 at the Symposium Charlotte, N.C., June 05, 2023 (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 that it will be exhibiting at the IEEE MTT-S International Microwave Symposium 2023 (IMS) in San Diego, California, from June 13th through June 15th, 2023.

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