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.

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.

Akoustis to Exhibit and Present at the IEEE MTT-S International Microwave Symposium June 13-15

Akoustis Technologies is disrupting the global RF-filter market with leading-edge materials science and its patented XBAW filter designs. Last week, Akoustis announced two more Wi-Fi 6E design wins one of which is ramping production now. The other customer will ramp-up in the 2H of this year. Both customers use multiple RF-filters in each end product.

Akoustis: Wi-Fi 6E Design Wins Continue To Drive Growth

The company has a large and growing TAM and its patented XBAW technology is enjoying increasing market acceptance, witnessing multiple design wins. Production is ramping fast and costs have come down, operational cash flow will keep decreasing and could reach breakeven in four quarters. However, the company also has capex expansion plans, but it could get considerable help from the CHIPS Act here.

Akoustis Technologies: Gains Rapid Traction

Charlotte, N.C., May 24, 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 received two new Wi-Fi 6E design wins, one of which has already entered production for the European carrier market.

Akoustis Receives Two New Wi-Fi 6E Design Wins

Charlotte, N.C., May 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 senior management will attend multiple investor conferences in the June 2023 quarter, as follows:

Akoustis to Attend Multiple Conferences in the June 2023 Quarter

Akoustis Technologies, Inc. (NASDAQ:AKTS ) Q3 2023 Earnings Conference Call May 8, 2023 8:00 AM ET Company Participants Tom Sepenzis - VP of Corporate Development & IR Jeff Shealy - Founder & CEO Ken Boller - CFO David Aichele - EVP of Business Development Conference Call Participants Anthony Stoss - Craig-Hallum Capital Group Suji Desilva - ROTH Robert Argano - Piper Sandler Operator Good day, ladies and gentlemen, and welcome to the cTechnologies Fiscal 2020 Third Quarter Conference Call. As a reminder, this conference call is being recorded.

Akoustis Technologies, Inc. (AKTS) Q3 2023 Earnings Call Transcript

Akoustis (AKTS) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.22 per share a year ago.

Akoustis (AKTS) Reports Q3 Loss, Lags Revenue Estimates

Patented XBAW Filter Solutions Power Advanced, High-Speed MU-MIMO Wi-Fi Connectivity for Enterprise Applications Volume Production Expected to Ramp in the Second Half of Calendar 2023 Charlotte, N.C., May 03, 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 received its first Wi-Fi 7 design win for its patented 5.5 GHz and 6.5 GHz XBAW® filter solutions from a leading enterprise class customer.

Akoustis Receives First Wi-Fi 7 Design Win from Leading Enterprise-Class Customer

Charlotte, N.C., May 01, 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 Q3FY23 results on Monday, May 8, 2023, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.

Akoustis to Webcast Q3FY23 Results on May 8 at 8:00 am ET

XBAW Filter Solutions Power Advanced, High-Speed 4 X 4 MU-MIMO Wi-Fi Connectivity for the Residential and Small Office Markets New Customer Products Will Support Full Use of the UNII 1-4 Bands and Extends into New 6 GHz Spectrum Opening Up 1200 MHz More Capacity Volume Production Now Ramping and First Units Are Being Deployed by Service Provider Charlotte, N.C., April 26, 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 received its first volume Wi-Fi 6E filter purchase order for a new, advanced, high-speed line of Wi-Fi 6E fixed infrastructure products, which will be sold through a leading US-based service provider.

Akoustis Enables New Line of Wi-Fi 6E Gateway Products for Tier-1 US-Based Service Provider

Charlotte, N.C., April 11, 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 a new C-V2X filter solution, the A10159, designed for use at 5.9 GHz covering band 47. The filter is currently being sampled and is expected to ramp production in Q4 of calendar 2023.

Akoustis Introduces New C-V2X Filter Solution for the Automotive Market

Huntersville, N.C., April 04, 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 received a new development order for a Wi-Fi 6E/7 XBAW® filter solution for the access point market from a leading Asian RF front-end module maker. Akoustis will help design and de

Akoustis Receives Development Order from New RF Front End Module Maker Customer

Charlotte, N.C., March 23, 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 appointed Michelle L. Petock as a new member of its board of directors. The appointment brings the total number of board members to eight. Ms. Petock will serve on the Strategic Development Committee and the Audit Committee of the Company's board of directors.

Akoustis Appoints Michelle L. Petock, CEO of W Greig & Company, to its Board of Directors

Akoustis' proprietary XBAW RF Filter Technology is disrupting RF front-end designs from smartphones to PCs to home networking. As a result, Q2 FY2023 revenue was +59% yoy. That followed Q1 FY23 sales that grew 195% yoy.

Akoustis: I Hear Rapidly Growing Revenue From RF Disruption

Charlotte, N.C., March 08, 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 35th Annual Roth Conference being held at the Ritz-Carlton, Laguna Nigel in Orange County, CA on March 12-14, 2023.

Akoustis to Attend the 35th Annual Roth Conference on March 13th, 2023

Here is how Akoustis (AKTS) and Okta (OKTA) have performed compared to their sector so far this year.

Is Akoustis Technologies (AKTS) Stock Outpacing Its Computer and Technology Peers This Year?

Akoustis Technologies, Inc. (NASDAQ:AKTS ) Q2 2023 Earnings Conference Call February 7, 2023 8:00 AM ET Company Participants Tom Sepenzis - VP of Corporate Development & IR Jeff Shealy - Founder & CEO Ken Boller - CFO David Aichele - EVP of Business Development Conference Call Participants Harsh Kumar - Piper Sandler Anthony Stoss - Craig-Hallum Capital Group Suji Desilva - ROTH Capital Craig Ellis - B. Riley Securities Operator Good day, ladies and gentlemen, and welcome to the Akoustis Technologies Fiscal 2023 Second Quarter Conference Call.

Akoustis Technologies, Inc. (AKTS) Q2 2023 Earnings Call Transcript

Akoustis (AKTS) delivered earnings and revenue surprises of 24% and 0.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Akoustis (AKTS) Reports Q2 Loss, Misses Revenue Estimates

Charlotte, N.C., Jan. 31, 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 Q2FY23 results on Tuesday, February 7, 2023, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.

Akoustis to Webcast Q2FY23 Results on February 7 at 8:00 am ET

Board and Management Purchased over $1 Million in Common Stock in the Oversubscribed Offering, Led by $900K Investment from Founder & CEO Jeff Shealy Board and Management Purchased over $1 Million in Common Stock in the Oversubscribed Offering, Led by $900K Investment from Founder & CEO Jeff Shealy

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

Charlotte, N.C., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (Nasdaq: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer 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 10,909,091 shares of its common stock at a public offering price of $2.75 per share.

Akoustis Announces Pricing of Public Offering of $30.0 Million of Common Stock

Filter Solution to be Incorporated in Multiplexer for 5G Mobile Handsets and Other Portable Devices

Akoustis Receives First High-Volume 5G Mobile XBAW Filter Order from Tier-1 RF Component Company

Huntersville, N.C., Jan. 04, 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 acquired Grinding and Dicing Services, Inc. (“GDSI”), a US-based provider of premium back-end semiconductor supply chain services. Akoustis' acquisition of GDSI is expected to support a strategy to reshore its packaging of XBAW filters to the United States and to support its anticipated application for funding under the CHIPS and Science Act.

Akoustis Acquires GDSI, a US-Based, Trusted Supplier of Premium Semiconductor Back-End Supply Chain Services

Akoustis' production is ramping up fast but from a small base and is hampered by parts shortage in their main segment, which is slowly easing. The production ramp is set to continue, lowering the cash bleed, but the company is likely to need new funds for its expansion plans in any case.

Akoustis Is Entering The Big League

Charlotte, N.C., Dec. 28, 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 it has received its first design win in 5G mobile from a leading multi-billion-dollar Tier-1 RF component company customer. The XBAW® filter is designed into a new multiplexer product that is expected to ship in the first half of calendar 2023 as part of a major chipset OEM reference design.

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