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Akoustis Technologies, Inc. (NASDAQ: AKTS) is a pioneering high-tech company founded in 2014 by experienced industry leaders and scientists from the University of California at Santa Barbara (UCSB) and Cornell University. Akoustis focuses on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry. The company's core technology, the XBAW® manufacturing process, utilizes proprietary microelectromechanical system (MEMS) based bulk acoustic wave (BAW) technology to produce high-performance RF filters for mobile smartphones, tablets, network infrastructure equipment, Wi-Fi, customer premise equipment, automotive, and defense applications.
Akoustis’ mission is to commercialize its patent-pending Bulk ONE™ technology to significantly improve the efficiency and signal quality of mobile wireless devices and enable the Internet of Things (IoT). The company addresses the rapidly expanding BAW filter market driven by the growth in 4G/LTE networks and the increasing number of filters required per device. With nearly 2 billion mobile phones manufactured annually, Akoustis aims to enhance mobile compatibility by providing higher-performance filters essential for global operation across multiple carriers and closely packed frequency bands.
The company operates through an integrated device manufacturer (IDM) model and owns a state-of-the-art 125,000 sq. ft. ISO-9001:2015 registered commercial wafer-manufacturing facility in Canandaigua, NY. This facility includes a class 100 / class 1000 cleanroom and is equipped for the design, development, fabrication, and packaging of RF filters, MEMS, and other semiconductor devices. Akoustis is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.
Recent achievements by Akoustis include:
- Announced multiple design wins and volume orders for its XBAW® filters in enterprise Wi-Fi access points and 5G infrastructure applications.
- Completed a public offering raising approximately $10 million to support operations, R&D, and business growth.
- Introduced high-performance RF filters like the new 2.4 GHz XBAW® filters for Wi-Fi and LTE coexistence, planned for production in the second half of 2024.
- Engaged in significant defense contracts, including a multi-year DARPA project to scale its XBAW® technology to 18 GHz.
- Received a Wi-Fi NOW award in collaboration with HPE Aruba Networking for Best Enterprise Wi-Fi Solution.
Akoustis continues to focus on expanding its product portfolio, enhancing production capabilities, and securing new customer engagements in target markets, aiming for sustainable growth and technological leadership in the RF filter industry.
Akoustis Technologies (NASDAQ: AKTS) announced participation in the Stifel 2021 Virtual Cross Sector Insight Conference on June 8, 2021. Senior management will host a webcast at 8:00 AM ET, available on their investor relations page. The company is ramping production capacity at its New York facility to 500 million filters per year by the end of 2021, in response to increasing demand for 5G and WiFi 6E technologies. Akoustis currently offers 15 commercial XBAW filters, with plans to introduce two new WiFi 6E coexistence filters, expanding their product catalog to 17.
Akoustis Technologies (NASDAQ: AKTS) will attend the 18th Annual Craig-Hallum Institutional Investor Conference on June 2, 2021, with virtual meetings due to COVID-19. The company is ramping up production of its 5G and WiFi 6E filter solutions, targeting an annual capacity of 500 million filters by the end of 2021. Akoustis currently has 15 commercial XBAW filters and plans to introduce two new WiFi 6E filters, expanding its product catalog to 17.
Akoustis Technologies (NASDAQ: AKTS) announced the inclusion of its patented XBAW® filters in a new WiFi 6E reference design by a leading SoC maker, marking its third partner for WiFi 6E since March. The 5.5 GHz and 6.5 GHz filter modules target advanced routers and connected devices. With FCC enabling new frequency bands, demand for Akoustis filters is set to grow. The company plans to increase its production capacity to 500 million filters annually by the end of 2021, supporting the expected demand for 5G and WiFi 6E solutions.
Akoustis Technologies (NASDAQ: AKTS) announced its participation in the 16th Annual Needham Virtual Technology & Media Conference on May 17-18, 2021. Management will present on May 18 at 8:00 am ET. The company continues to enhance its production capabilities, planning to increase annual output to 500 million filters at its New York facility by the end of 2021, driven by growing demand for 5G and WiFi 6E solutions. Currently, Akoustis has 15 commercial XBAW filters, with further innovations underway for the burgeoning RF filter market.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced participation in the 6th Annual Oppenheimer Emerging Growth Conference on May 11, 2021. Due to Covid-19, meetings will be held virtually. The Company is advancing its WiFi 6 tandem filter production and shipping multiple 5G small cell XBAW filters. Anticipating growth in 5G mobile and WiFi 6E, Akoustis plans to boost annual production capacity to 500 million filters by end of 2021. Currently, 15 filters are in their catalog, with the potential to add two more WiFi 6E filters soon.
Akoustis Technologies (NASDAQ: AKTS) introduced a new chip scale package (CSP) to enhance its XBAW filter product line for 5G mobile and WiFi 6E devices. The CSP is set to enter qualification in Q2 of 2021, with production anticipated in the latter half of the year. This development supports rapid prototyping and flexible capacity through both in-house and outsourced manufacturing. The company aims to boost its annual production capacity to 500 million filters by year-end, responding to a growing sales funnel in the 5G and WiFi markets.
Akoustis Technologies (AKTS) reported record revenue of $2.5 million for Q3 FY2021, a 92% increase sequentially, surpassing analyst expectations by 11%. The company saw a substantial rise in XBAW filter shipments, over 100% sequentially, reflecting growing customer demand in 5G and WiFi markets. With $90.4 million in cash, Akoustis plans to double production capacity by year-end 2021. Recent accomplishments include the shipment of new WiFi 6E filters and ongoing production for tier-1 clients. The company remains optimistic about significant revenue growth driven by market opportunities in 5G and WiFi technologies.
Akoustis Technologies (NASDAQ: AKTS) has expanded its intellectual property portfolio with the issuance of nine new patents, bringing the total to 47 issued patents and 78 pending as of April 23, 2021. These patents focus on BAW resonators, piezoelectric materials, and various RF filter technologies for 5G and WiFi 6 applications. The company is ramping up production capacity at its New York facility and aims to deliver innovative solutions to meet increasing market demands in mobile and wireless sectors.
On April 26, 2021, Akoustis Technologies (NASDAQ: AKTS) announced an investor update call scheduled for May 3, 2021, at 8:00 a.m. ET. The call will include a business update and a Q&A session. The company is actively producing WiFi 6 tandem filter solutions and shipping multiple 5G small cell XBAW® filters. Akoustis has recently expanded its product catalog with 15 new filters, including those for WiFi and 5G applications. The firm leverages advanced manufacturing techniques to support the growing RF filter market.
Akoustis Technologies (NASDAQ: AKTS) has announced new WiFi 6E XBAW filter modules enhancing the 5 GHz WiFi spectrum. The 5.6 GHz and 6.6 GHz modules enable the utilization of additional 80 MHz and 160 MHz channels across the UNII 1-4 and UNII 5-8 bands. A tier-1 OEM has placed the first order for these filters, aimed at developing MU-MIMO products. Commercial production is anticipated in late 2021 to early 2022. The company's strategy includes expanding its New York manufacturing facility to support growing demand.
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