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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.
On April 5, 2021, Akoustis Technologies (NASDAQ: AKTS) announced that its XBAW WiFi 6E coexistence filter solutions received approval for use in multiple chipsets from a tier-1 SoC manufacturer. The filters cover crucial frequency bands for WiFi 6E devices. The company is experiencing rapid acceptance of its products, which is expected to broaden its sales channels. Additionally, Akoustis plans to expand production capacity in New York, addressing the growing demand for high-performance RF filters as global governments allocate new wireless spectrums.
Akoustis Technologies (NASDAQ: AKTS) announced a significant milestone by securing a WiFi 6E reference design with a Tier 1 SoC vendor. This design utilizes the 5.5 GHz and 6.5 GHz XBAW filter modules, enhancing sales opportunities for Akoustis's filters in next-gen routers. The reference design is expected to be available in the second half of calendar 2021. With the FCC's recent approval of additional unlicensed spectrum, demand for high-performance filters is expected to rise. Akoustis is also ramping up production capacity to meet the increasing demand for its RF filter solutions.
Akoustis Technologies (NASDAQ: AKTS) announced its participation in the 33rd Annual Roth Conference from March 15-17, 2021. The company’s management will engage in a fireside chat at 11:00 am ET on March 15, which will be webcast live. Akoustis is focused on high-performance XBAW® RF filters for 5G, WiFi, and radar applications, entering production across multiple markets in 2020. The company plans to expand its New York fabrication facility due to a growing backlog and is launching several new filter products to meet increasing demand.
Akoustis Technologies (NASDAQ: AKTS) announced that holders of its 6.5% Convertible Senior Notes due 2023 converted their notes into equity, resulting in the issuance of 4,983,633 shares of common stock. This discharge of indentures eliminates all associated liens, enhancing the company’s financial standing. Akoustis is ramping up production of its XBAW® RF filters for various applications, including 5G and Wi-Fi, and plans to expand its manufacturing capacity in New York to meet growing demand.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced its participation in the Loop Capital 2021 Investor Conference on March 11-12, 2021. The event will be conducted virtually due to Covid-19. Interested investors can schedule meetings via their Loop Capital representative or by reaching out to Akoustis’ investor relations. The company has seen increasing interest in its XBAW® RF filters, which support 5G applications, high-band WiFi, and radar systems. Akoustis is also expanding production capacity in New York to meet growing demand for its new filters and solutions.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announces participation in the Tenth Annual Susquehanna Technology Conference from March 9-11, 2021. Due to Covid-19, the event will be virtual. The Company is gaining traction with its high-frequency XBAW® RF filters, expanding its product line to include filters for 5G and WiFi 6 markets. They plan to scale production capacity at their New York facility in response to a growing backlog. Akoustis has added 15 new filters to its catalog, targeting both commercial and defense sectors, while pursuing advancements in next-gen materials and semiconductor manufacturing.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced a design win and volume order for its 3.6 GHz XBAW® filter solution aimed at last-mile connectivity, targeting network operators. The customer anticipates ramping production in the second half of 2021. This order follows significant interest in Akoustis' XBAW® filter portfolio post-CBRS auctions, which provided new spectrum for cellular carriers. The company also revealed a 500% capacity expansion plan for its New York facility to meet anticipated demand and recently added 15 new filters to its catalog for various market applications, including 5G and WiFi 6E.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced a non-brokered registered direct offering, raising approximately $21.5 million by selling 1.5 million shares at $14.36 each, set to close today. Additionally, the company secured about $14.1 million through at-the-market offerings. The total gross proceeds from both offerings amount to roughly $35.6 million. Akoustis plans a 500% capacity expansion at its New York facility to meet demand for 5G and WiFi 6E applications, further doubling its manufacturing capacity. Fifteen new filters have been added to its product catalog, targeting various wireless markets.
Akoustis Technologies has announced the development of a new wafer-level-chip-scale-packaging (WLCSP) for its XBAW® RF filters, designed for 5G mobile devices and infrastructure. This packaging solution, which aligns with the industry's demand for smaller components, will be fully manufactured in North America. The first WLCSP device is anticipated to be qualified by the end of Q1 2021, with production expected to begin in June 2021. This innovation aims to unlock new market opportunities and enhance Akoustis' position in the growing RF filter industry.
Akoustis Technologies (AKTS) reported a 30% revenue increase above guidance, driven by demand across 5G mobile, WiFi, and infrastructure markets. The company plans to double manufacturing capacity by the end of 2021 to meet expected demand. In the December quarter, revenue reached $1.308 million, though losses increased to $11.91 million. Key highlights include new customer orders for XBAW filters, achieving design-lock on WiFi 6E filters, and a growing backlog of RF products. Akoustis continues to drive strategic milestones amid market expansion.
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