| Market Capitalization (Millions $) |
1,260 |
| Shares
Outstanding (Millions) |
49 |
| Employees |
201 |
| Revenues (TTM) (Millions $) |
20 |
| Net Income (TTM) (Millions $) |
-69 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
2 |
Business Description
Akoustis Technologies, Inc., a Delaware corporation, was incorporated in 2013. The Company is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment ('CPE'), automotive, industrial and defense applications. Filters are critical in selecting and rejecting signals, and their performance enables differentiation in the functionality of the RF front-end ('RFFE'). Located between the device's antenna and its digital backend, the RFFE is the circuitry that performs the analog signal processing and contains components such as amplifiers, filters and switches. We have developed a proprietary microelectromechanical system ('MEMS') based bulk acoustic wave ('BAW') technology and a unique patented transfer process flow, called XBAWTM to manufacture our filters for use in RFFE modules. Our XBAW filters incorporate optimized high purity piezoelectric materials for high power, high frequency and wide bandwidth operation. We are developing RF filters for 5G, WiFi and defense bands using our proprietary resonator device models and product design kits (PDKs).
As we qualify our RF filter products, we engage with target customers to evaluate our filter solutions. Our designs target UHB, (sub-6 GHz) 5G, WiFi and defense bands. More recently, we have engaged multiple customers whom lack access to high performance BAW filters and supply RFFE solutions for mobile applications such as smartphones, PC's and AR/VR devices, to market and sell our products. Our RF filter solutions address problems (such as loss, bandwidth, power handling, and isolation) created by the growing number of frequency bands in the RFFE of mobile devices, PCs, automotive, infrastructure and premise equipment to support 5G, and WiFi. We prototype, sample and shipped commercial production volume of our single-band and multi-band low loss BAW filter designs for 5G frequency bands and 5 GHz and 6 GHz WiFi bands which are suited to competitive BAW solutions and historically cannot be addressed with low-band, lower power handling surface acoustic wave ('SAW') technology. We manufacture our high-performance RF filter circuits, using our first generation XBAW wafer process, in our 120,000-square foot wafer- manufacturing facility located in Canandaigua, New York, which we acquired in June 2017. Additionally, through our recent acquisition of RFM Integrated Device, Inc. ('RFMi'), we operate a fabless business whereby we make sales of complementary SAW resonators, RF filters, crystal ('Xtal') resonators and oscillators, and ceramic products'addressing opportunities in multiple end markets, such as automotive and industrial applications.
We own and/or have filed applications for patents on the core resonator device technology, manufacturing facility and intellectual property ('IP') necessary to produce our RF filter chips and operate as a 'pure-play' RF filter supplier, providing discrete filter solutions direct to Original Equipment Manufacturers ('OEMs') and aligning with the front- end module manufacturers that seek to acquire high performance filters to expand their module businesses. We believe this business model is the most direct and efficient means of delivering our solutions to the market.
Company Address: 17 Drydock Avenue, Suite 17-401 Boston 2210 MA
Company Phone Number: 461-4023 Stock Exchange / Ticker: NASDAQ AKTS
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