Welcome to our dedicated page for Akoustis Technologies news (Ticker: AKTS), a resource for investors and traders seeking the latest updates and insights on Akoustis Technologies stock.
Akoustis Technologies Inc (AKTS) delivers cutting-edge RF filter solutions using proprietary bulk acoustic wave technology for mobile and IoT markets. This page provides investors and industry professionals with essential updates on corporate developments, technological breakthroughs, and strategic initiatives.
Access real-time press releases covering earnings reports, product launches, and partnership announcements. Our curated news collection helps stakeholders track AKTS's progress in addressing 5G connectivity challenges and semiconductor industry trends.
Key updates include:
Financial disclosures: Quarterly results and SEC filings
Technology milestones: BAW filter innovations and patent updates
Market expansions: New customer acquisitions and manufacturing partnerships
Bookmark this page for ongoing insights into Akoustis's role in advancing mobile connectivity solutions. Check regularly for authoritative updates directly from company sources and verified industry reports.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced a volume order for its XBAW WiFi 6E RF filters from a tier-1 customer. The filters will support a new MU-MIMO router targeting the consumer market, expected to enter production in the second half of 2021. The company’s XBAW filters cover critical frequency bands from 5.1 to 7.1 GHz, facilitating robust performance in WiFi 6E applications. With increasing demand for high-performance filters, Akoustis anticipates significant revenue growth. The FCC's recent approval of new frequency bands is a pivotal development for the WiFi 6E market.
Akoustis Technologies (NASDAQ: AKTS) has announced the design-lock of its new 5.5 GHz and 6.5 GHz WiFi 6E XBAW filters, aimed at enhancing wireless connectivity. These filters, covering the UNII 1-3 and UNII 5-8 bands, promise low power loss and improved coexistence with existing frequencies. Expected to be qualified by early 2021 and in production by the end of Q2, Akoustis seeks to capitalize on the growing WiFi 6E market. The FCC's approval of additional spectrum for unlicensed use further supports this expansion. CEO Jeff Shealy emphasizes the potential for significant growth in revenue and unit sales.
Akoustis Technologies, Inc. (NASDAQ: AKTS) has announced a redemption notice for its $15 million outstanding 6.5% Convertible Senior Secured Notes due March 2021. Holders can redeem notes for 100% of principal plus accrued interest or convert to common stock at a rate of 200 shares per $1,000. CEO Jeff Shealy stated this move aims to strengthen the company’s balance sheet by eliminating convertible debt, enhancing financial stability. The details are available in a recent SEC filing, and this announcement does not constitute a securities offer.
Akoustis Technologies (AKTS) will host an investor update call on February 1, 2021, at 8:00 a.m. ET to provide a business update and outlook. The company specializes in patented bulk acoustic wave (BAW) RF filters for wireless applications and has seen increased demand for its products. In 2020, Akoustis entered production across multiple markets, including 5G infrastructure and high-band WiFi. The call will include a question-and-answer session for investors. For audio participation, dial 877-407-3982 domestically or 201-493-6780 internationally.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced participation in the 23rd Annual Needham Virtual Growth Conference on January 11, 2021. Due to Covid-19 precautions, the event will be held virtually. Investors interested in meetings with Akoustis management should contact their Needham representative or Akoustis’ investor relations at ir@akoustis.com. The company is experiencing growing demand for its XBAW® filters, having launched 15 new products targeting 5G infrastructure, high-band WiFi, and defense markets throughout 2020.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced new orders for the development of two XBAW filters for 5G mobile devices, with deliveries expected in the second half of 2021. This marks the company’s third 5G mobile device customer, highlighting growing interest in its patented XBAW filter technology. The new filters aim to enhance 5G/WiFi coexistence in mid and ultra-high bands. Akoustis is expanding its product catalog, having introduced 15 new filters in 2020, targeting various applications, including WiFi and radar systems.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced a new design win for its 5.2/5.6 GHz XBAW RF coexistence filter for a customer’s MU-MIMO Tri-Band WiFi Bridge. Production is anticipated in the second half of 2021. This marks Akoustis's third WiFi 6 design win, following a router launch in November and another customer win earlier in December. The company emphasizes its strategy to become a leading supplier of RF BAW filters for WiFi 6 and 6E applications, driven by a growing interest in its innovative high-frequency XBAW filters.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced a design win from a second WiFi 6 customer for its 5.2/5.6 GHz RF coexistence filter solutions. The new tri-band gateway/router leverages multi-user multiple-in-multiple-out (MU-MIMO) technology, requiring multiple filters from Akoustis. Production is expected to start in the first half of 2021. This follows an earlier design win for another customer and reflects a growing sales funnel in the WiFi filter market. CEO Jeff Shealy anticipates additional design wins that could lead to sustainable revenue growth.
Akoustis Technologies (NASDAQ: AKTS) announced its participation in the Oppenheimer 5G Summit on December 15, 2020. Senior management will attend virtually due to COVID-19 safety measures. The company is experiencing increased demand for its patented XBAW® RF filters as it progresses into production across various markets, including 5G and high-band WiFi, in 2020. Their product catalog expanded to 15 filters targeting multiple applications. Akoustis is committed to advancing RF filter technology in a growing multi-billion-dollar market.
Akoustis Technologies (NASDAQ: AKTS) announced a redemption notice for its $10 million, 6.5% Convertible Senior Notes, due February 1, 2021. The redemption will cover the principal amount plus accrued interest, amounting to $10.833 per $1,000 of Notes, and a make-whole payment of $184.167. Holders can opt to convert Notes at a rate of 196.08 shares per $1,000 principal amount until January 29, 2021. CEO Jeff Shealy emphasized that eliminating this debt will reduce cash interest expenses by $650,000 annually, enhancing financial flexibility.
