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Akoustis Technologies Inc   (AKTS)
Other Ticker:  
 
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 
Price: $0.5911 $0.05 9.747%
Day's High: $0.6183 Week Perf: -3.65 %
Day's Low: $ 0.57 30 Day Perf: -7.47 %
Volume (M): 300 52 Wk High: $ 3.57
Volume (M$): $ 177 52 Wk Avg: $1.57
Open: $0.57 52 Wk Low: $0.45



 Market Capitalization (Millions $) 43
 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

-0.96 %

13.89 %

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


   

Stock Performances by Major Competitors

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Akoustis Technologies Inc

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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.

Akoustis Technologies Inc

Consumer Electronics Company Defies Odds with Decreased Loss of $-0.28 per Share in Q1 2024 Earnings Season

The stock market is an ever-changing landscape, with companies experiencing both highs and lows. One such company, Akoustis Technologies Inc, has recently announced a surge in revenue in their most recent report. This news has investors eagerly keeping an eye on their stock, as the company's success may indicate a positive trend for the overall market.
In the Sep 30 report from 2023, Akoustis Technologies Inc revealed an impressive increase in revenue by 25.799%, reaching $7.00 million. This growth is particularly noteworthy in a challenging landscape, as many companies in the Consumer Electronics industries are struggling with declining top-line figures and dwindling businesses. Despite these challenges, Akoustis Technologies Inc has managed to thrive in the first quarter of 2024, offering a glimmer of hope for investors.

Akoustis Technologies Inc

Akoustis Technologies Inc Shines with Impressive 83.004% Revenue Rise in Latest Fiscal PeriodConsumer Electronics Company, Akoustis Technologies Inc, Boasts Exceptional Financial Performance with 83.004% Revenue IncreaseAkoustis Technologies Inc Reports Remarkable Fourth Quarter Financial Results with Revenue Surging by 83.004%Akoustis Technologies Inc Defies Industry Decline with Extraordinary 83.004% Rise in RevenueAkoustis Technologies Inc Surpasses Competitors with Unprecedented 83.004% Growth in Revenue

Akoustis Technologies Inc, a consumer electronics company, has reported an impressive fourth quarter financial performance. The company experienced a significant increase in revenue, rising by 83.004% to $8.33 million. This rise in revenue helped to reduce losses to $-0.21 per share, compared to $-0.30 per share in the same quarter of the previous year.
The performance of Akoustis Technologies Inc has come as a surprise, as the rest of the consumer electronics industry has witnessed a decline of 16.27% in business. The company's revenue growth sets it apart from its competitors and indicates its strong position in the market.

Akoustis Technologies Inc

Akoustis Technologies Inc. Reports Impressive 59.67% Surge in Revenue during Latest Fiscal Period

Akoustis Technologies Inc. is an American technology company that specializes in the development and manufacturing of high-performance bulk acoustic wave (BAW) filters and resonators for the mobile wireless, infrastructure, and military markets. The company is headquartered in Huntersville, North Carolina and was founded in 2014 by Jeffrey Shealy.
For the fiscal interval ending March 31, 2023, Akoustis Technologies Inc. reported a loss of $-0.23 per share, a slight improvement from the $-0.27 per share loss reported a year ago. The company's revenue, however, grew strongly by 59.67% to $7.36 million from $4.61 million in the corresponding quarter a year ago. The sequential revenue also improved by 25.422% from $5.87 million.






 

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