Akoustis Receives $2 Million in Volume Orders for Wi-Fi 7 Program from Tier-1 Carrier
Akoustis Technologies (NASDAQ: AKTS) has secured $2 million in volume orders from a Tier-1 carrier for its next-generation 5.5 and 6.5 GHz Wi-Fi XBAW® filters. These filters will be integrated into a Wi-Fi 7 platform and support production from July 2024 to March 2025. The company anticipates record revenue in the September quarter due to strong demand for Wi-Fi 6E and Wi-Fi 7 programs. The new orders reflect the growing need for high-speed connectivity in residential, small, and medium-sized business environments. Akoustis aims to announce additional production orders in the coming weeks.
- Received $2M production orders for Wi-Fi 7 filters.
- Secured strong backlog in Wi-Fi 6E and Wi-Fi 7 programs.
- Anticipating record revenue in the September quarter.
- None.
Insights
Akoustis Technologies' new $2 million production order from a Tier-1 carrier for Wi-Fi 7 filters is a promising sign of the company's growth potential. The order indicates positive demand for their advanced RF filter technology, securing a significant revenue stream through March 2025. This order aligns with Akoustis' ongoing focus on high-band RF filters, which are critical in enhancing Wi-Fi capabilities.
Key Data & Financials: This $2 million order comes as the company transitions towards higher revenue expectations, possibly achieving record revenue in the September quarter. For investors, this signifies operational scaling and potential profitability improvements. It is important to monitor subsequent orders as it could be an indicator of sustained demand and market confidence.
In financial analysis, assessing the impact of new orders involves looking at how these translate into revenue growth, cost efficiency and profit margins. Given the timeline of these orders, investors should watch for quarterly performance updates to gauge short-term progress. Long-term, this order may represent a steady revenue source, provided Akoustis continues to secure similar or larger contracts.
The integration of Akoustis' XBAW® filters into Wi-Fi 7 platforms is a substantial technological advancement. Wi-Fi 7, the next generation in Wi-Fi technology, promises higher data transfer rates, lower latency and greater network efficiency with up to 10 Gbps speed. The use of 5.5 and 6.5 GHz bands is pivotal, as these frequencies support higher throughput and reduced interference compared to previous Wi-Fi standards.
Technological Implications: Multi-Link Operation (MLO) and tri-band capabilities enable devices to maintain robust connectivity in high-density environments like residential areas and SMB networks. These advancements are important as internet usage and the number of connected devices continue to surge.
For investors, understanding the technological edge of XBAW® filters can provide insights into Akoustis' competitive position. Their ability to deliver high-performance, compact filtering solutions could lead to increased adoption across the industry, driving future growth.
The recent production order for Akoustis' Wi-Fi 7 filters from a Tier-1 carrier is indicative of broader market trends towards advanced Wi-Fi technologies. The demand for higher speed connectivity solutions is growing exponentially, especially in the wake of increased remote work and IoT proliferation. Akoustis' focus on Wi-Fi 6E and Wi-Fi 7 technologies positions them well within a market that values performance and reliability.
Market Trends: The shift towards Wi-Fi 7 is driven by the need for faster, more reliable data transmission to support modern applications such as streaming, gaming and smart home devices. Akoustis' strategic approach to securing orders from high-profile clients suggests positive market validation of their technology. Additionally, the potential for further large production orders could significantly bolster their market standing.
Investors should consider the market dynamics and Akoustis’ role within it. The company's efforts in securing these advanced orders signify a strong market position and potential for continued growth driven by the evolving needs of modern connectivity.
- Tier-1 Customer to Use Akoustis’ Next-Generation 5.5 and 6.5 GHz Wi-Fi XBAW® Filters in Tri-Band 4x4 MIMO Router
- Secured Wi-Fi 7 Filter Orders to Support Production Beginning in July 2024 Through March 2025
Charlotte, N.C., June 27, 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 the company has received
Wi-Fi technology continues to advance to enable higher data transfer rates and greater density per transmission. With the integration of multiple Akoustis XBAW® filters, the filters support the 5 and 6 GHz Wi-Fi bands with Multi-Link Operation (MLO) and higher throughput, lower latency, and 10 Gbps. The customer’s router caters to residential, small, and medium-sized businesses. The Company supported the initial ramp in first half of calendar year 2024 and received the recent volume orders to support production through the end of March 2025.
Dave Aichele, Executive Vice President of Business Development of Akoustis, stated, “Akoustis is currently securing strong backlog in Wi-Fi 6E and new Wi-Fi 7 programs, which we expect to achieve record revenue in the September quarter.” Mr. Aichele continued, “As the demand for high-speed connectivity continues to rise, we are proud to provide compact, high-performance solutions that allow our customers to meet and exceed these expectations.”
Akoustis maintains its momentum in advanced Wi-Fi and expects to announce additional and larger production orders in the coming weeks.
About Akoustis Technologies, Inc.
Akoustis® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing to address the market requirements for improved RF filters — targeting higher bandwidth, higher operating frequencies and higher output power compared to legacy polycrystalline BAW technology. The Company utilizes its proprietary and patented XBAW® manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is driven by the significant advances of poly-crystal, single-crystal, and other high purity piezoelectric materials and the resonator-filter process technology which enables optimal trade-offs between critical power, frequency and bandwidth performance specifications.
Akoustis plans to service the fast growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 125,000 sq. ft. ISO-9001:2015 registered commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility — tooled for 150-mm diameter wafers — for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.
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These and other risks and uncertainties are described in more detail in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company’s most recent Annual Report on Form 10-K and in subsequently filed Quarterly Reports on Form 10-Q. Considering these risks, uncertainties and assumptions, the forward-looking statements regarding future events and circumstances discussed in this document may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. 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