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About Akoustis Technologies Inc. (AKTS)
Akoustis Technologies Inc. is an innovative technology company specializing in the design, development, and manufacturing of advanced radio frequency (RF) solutions. Founded in 2014 by industry veterans and scientists from the University of California at Santa Barbara (UCSB) and Cornell University, Akoustis has established itself as a key player in the growing market for Bulk Acoustic Wave (BAW) filters. The company's mission is to commercialize its proprietary BulkONE™ acoustic wave technology, which addresses the critical frequency-selectivity requirements of modern wireless communication systems.
Core Technology and Applications
At the heart of Akoustis' product portfolio is its patent-pending BulkONE™ BAW technology. This cutting-edge solution enables the development of high-performance RF filters that improve the efficiency and signal quality of mobile devices, wireless infrastructure, and IoT applications. BAW filters are essential components in modern communication systems, as they ensure compatibility across multiple frequency bands and carriers while minimizing interference. Akoustis' filters are particularly well-suited for high-frequency applications, including 4G/LTE, emerging 5G networks, and Wi-Fi technologies.
Market Opportunity
The global market for BAW filters is expanding rapidly, driven by the increasing adoption of high-end smartphones, the proliferation of IoT devices, and the rollout of advanced wireless networks. With nearly 2 billion mobile phones manufactured annually, over half of which are high-end smartphones requiring sophisticated RF solutions, Akoustis is well-positioned to capture a significant share of this growing market. The company's technology addresses the industry's pressing need for higher performance, as frequency bands become more crowded and the demand for efficient RF filters intensifies.
Competitive Landscape
Akoustis operates in a highly competitive industry alongside established players in the RF filter market. However, the company differentiates itself through its proprietary BulkONE™ technology, which offers superior performance for high-frequency applications. By leveraging its vertically integrated manufacturing capabilities and a robust intellectual property portfolio, Akoustis aims to deliver innovative solutions that meet the evolving needs of its customers.
Challenges and Strategic Focus
Despite its promising technology and market opportunities, Akoustis faces challenges such as scaling production, managing high capital expenditures, and competing with larger, more established players. The company is focused on expanding its production capacity, strengthening its customer base, and advancing its technological capabilities to maintain a competitive edge. By addressing these challenges, Akoustis seeks to solidify its position as a leader in the BAW filter market.
Conclusion
Akoustis Technologies Inc. is at the forefront of innovation in the RF filter industry, offering advanced solutions that enable the next generation of wireless communication. With its proprietary BulkONE™ technology and a focus on high-growth markets, the company is well-positioned to capitalize on the increasing demand for high-performance RF filters in smartphones, IoT devices, and beyond.
Akoustis Technologies (NASDAQ: AKTS) announced that senior management will present at the 24th Annual Needham Growth Conference on January 10, 2022, at 2:45 PM ET. The conference will be held virtually due to COVID-19 precautions. Investors can access the presentation via the company's investor website. Akoustis is ramping production capacity at its New York facility to 500 million filters per year to meet growing demand for its 5G and WiFi 6E solutions.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced a purchase order from a new tier-1 module maker for the development of a 5G mobile XBAW filter. Initial samples are expected in the first half of CY22, with production ramp targeted for the second half of CY23. This collaboration marks the fourth active customer engagement for Akoustis' XBAW technology. The company aims to increase its annual production capacity to approximately 500 million filters, responding to growing demand in the 5G and WiFi markets.
Akoustis Technologies, Inc. (NASDAQ: AKTS) will present at the 2nd Annual Oppenheimer 5G Summit on December 14, 2021, at 9:05 am ET. Due to COVID-19 precautions, the event will be virtual. The presentation will be available on the investor website. Akoustis is ramping up production of its WiFi 6 and 5G filter solutions, targeting an annual capacity of approximately 500 million filters by the end of 2021. The company is actively engaged with customers to meet the growing demand for advanced RF filter technology.
Akoustis Technologies (NASDAQ: AKTS) announced that CEO Jeff Shealy will appear on TD Ameritrade Network today at 11:20 AM ET. The company is ramping up production of its WiFi 6 and 5G filter solutions, expecting to increase capacity at its New York facility to 500 million filters annually by the end of 2021. Akoustis aims to capture a share of the growing RF filter market with its proprietary XBAW™ technology, enhancing performance and bandwidth. The company is actively engaged with customers for expected sales growth in 2022.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced that Dave Aichele, EVP of Business Development, will present on "RF Acoustic Filters for High-Performance Wi-Fi" at the Wi-Fi Now Conference on November 17, 2021, at 1:25 PM ET. This virtual event is part of Akoustis's initiatives to enhance its Wi-Fi 6 and 5G filter solutions. The company plans to boost annual production capacity at its New York facility to 500 million filters by the end of 2021, addressing an increasing demand in the RF filter market.
Akoustis Technologies announced its fourth design win for patented WiFi 6E XBAW filters, set to be integrated into a new carrier-grade WiFi 6E gateway by a WiFi OEM. The solution will use 5.5 GHz and 6.5 GHz tandem filter modules for a 2X2 MU-MIMO carrier gateway product, with production expected to ramp up in the first half of 2022. This expansion aligns with the growing demand for high-performance coexistence filters following the FCC's approval of the 5.9 to 7.1 GHz bands for unlicensed use.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced its participation in the 10th Annual Roth Technology Conference on November 17, 2021. Due to Covid-19, the meetings will occur virtually. Investors interested in meetings can contact Akoustis' investor relations. The company is ramping up production capacity at its New York facility to 500 million RF filters per year, driven by demand for its WiFi 6 and 5G products. Akoustis aims to address the growing RF filter market with its innovative XBAW™ technology.
Akoustis Technologies, Inc. (NASDAQ: AKTS) will participate in the 12th Annual Craig-Hallum Alpha Select Conference on November 16, 2021. Meetings will be held virtually in light of COVID-19 precautions. Interested investors can schedule meetings via the Craig-Hallum representative or by contacting Akoustis' investor relations at ir@akoustis.com.
The company is expanding its production capacity at its New York facility to approximately 500 million filters annually by year-end 2021, driven by demand for 5G and Wi-Fi 6 technologies.
Akoustis Technologies (NASDAQ: AKTS) has engaged with a new mobile customer to develop its XBAW™ filters for challenging 4G/5G bands, marking its third customer engagement in the mobile sector. The customer, a leading RF component company targeting Asian OEMs, aims to expand its use of XBAW™ filters if initial projects meet specifications. Akoustis plans to deliver samples in H1 2022 and ramp production capacity to 500 million filters annually by year-end 2021. The company currently offers 15 products in its XBAW™ catalog, with new WiFi 6E solutions under development.
Akoustis Technologies reported a remarkable 290% year-over-year revenue growth, totaling $1.9 million for Q1FY22, aligning with previous guidance. The company anticipates a sequential revenue increase of nearly 100% for December 2021, with guidance between $3.5 million and $4.0 million. Akoustis is witnessing solid demand for its XBAW filters, particularly in 5G and WiFi 6E markets, with plans to increase production capacity to 500 million filters per year by year-end. Despite current headwinds, the company maintains a strong cash position of $75.7 million.
FAQ
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