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Akoustis Technologies Inc   (AKTS)
Other Ticker:  
 
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 
Price: $0.1200 $-0.01 -4.230%
Day's High: $0.1267 Week Perf: -8.88 %
Day's Low: $ 0.12 30 Day Perf: -1.32 %
Volume (M): 2,268 52 Wk High: $ 2.49
Volume (M$): $ 272 52 Wk Avg: $0.74
Open: $0.12 52 Wk Low: $0.11



 Market Capitalization (Millions $) 9
 Shares Outstanding (Millions) 73
 Employees 205
 Revenues (TTM) (Millions $) 30
 Net Income (TTM) (Millions $) -69
 Cash Flow (TTM) (Millions $) -34
 Capital Exp. (TTM) (Millions $) 9

Akoustis Technologies Inc
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: 9805 Northcross Center Court Huntersville 28078 NC
   Company Phone Number: 997-5735   Stock Exchange / Ticker: NASDAQ AKTS
   


Customers Net Income fell by AKTS's Customers Net Profit Margin fell to

-5.09 %

13.45 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CLFD        0.75% 
FKWL        9.16% 
HLIT   -0.32%    
MINM        2.91% 
MSI   -1.03%    
PEGY   -26.98%    
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Announcement

Akoustis Secures $8 Million in Volume XBAW Orders from Tier-1 Customer

Published Tue, Jul 9 2024 11:00 AM UTC

Charlotte-based integrated device manufacturer Akoustis Technologies has recently announced that it has secured $8 million in new orders from a Tier-1 customer. These orders are aimed at fulfilling the customer's demand for four Wi-Fi Access Points (AP) that are either in production or ramping up production in the latter half of 2024.Factual Reporting:Akoustis Technologies, ...

Announcement

Akoustis Technologies Secures $2 Million in Production Orders for Wi-Fi 7 Program from Prominent Carrier and Announce...

Published Thu, Jun 27 2024 11:00 AM UTC

Charlotte, N.C., June 27, 2024 - Akoustis Technologies, Inc. (NASDAQ: AKTS), an industry-leading integrated device manufacturer (IDM) known for its patented bulk acoustic wave (BAW) high-band RF filters, has recently received significant production orders worth $2 million from a Tier-1 carrier customer. The orders pertain to the integration of two of Akoustis' cutting-edge X...

Announcement

Akoustis Technologies Inc Breaks New Ground with Enhanced XBAW Designs and Impressive Sales Growth

Published Wed, May 22 2024 11:01 AM UTC

Akoustis Technologies, Inc. has announced the completion of its XBAW design updates across its product portfolio, marking a significant milestone for the company. As an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, Akoustis is constantly working on improving its designs to meet the e...

Announcement

On May 13, 2024, Akoustis Technologies, Inc., an integrated device manufacturer of patented bulk acoustic wave (BAW) high-band RF filters for wireless applications, will webcast its Q3FY24 results. The webcast, scheduled for 8:00 am ET, will provide updates from the organization and offer a question-and-answer session from the company's management, offering considerable insight into the company'...

Published Tue, May 7 2024 11:01 AM UTC

Quarter 3 Financials Indicates Positive Growth for Akoustis Technologies Amidst Strong Performance by Corporate Customers On May 13, 2024, Akoustis Technologies, Inc., an integrated device manufacturer of patented bulk acoustic wave (BAW) high-band RF filters for wireless applications, will webcast its Q3FY24 results. The webcast, scheduled for 8:00 am ET, will provide updat...

Akoustis Technologies Inc

message

Akoustis Technologies Inc is a company that operates in the consumer electronics industry. The company recently released its financial report for the second quarter of 2024, which provides some insights into its performance and future prospects.
During the second quarter of 2024, Akoustis Technologies Inc experienced a wider deficit of $-0.21 per share compared to $-0.19 per share in the same period the previous year. However, the company's income per share improved from $-0.28 to an undisclosed figure. This indicates that although the company's losses have increased, its overall financial health has improved.






 

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