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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.
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Akoustis Technologies, Inc. (AKTS) plans to offer and sell shares of its common stock in an underwritten public offering. The company expects to grant the underwriters a 30-day option to purchase additional shares. The offering is subject to market conditions, and the net proceeds will be used for operations, capital expenditures, research and development, commercialization of its technology, potential strategic transactions, and general corporate purposes.
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Akoustis Technologies, Inc. (NASDAQ: AKTS) announced that five of its patented XBAW® filters are being designed into a new quad-band enterprise Wi-Fi access point platform. The company has received prototype orders to enable production ramp in the second half of the calendar year 2024. The CEO, Jeff Shealy, highlighted the robust demand and expanding sales pipeline for its filter products, resonator and oscillator products, and semiconductor back-end services.
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Akoustis Technologies, Inc. (NASDAQ: AKTS) announced its senior management's attendance at the 26th Annual Needham Conference on January 16, 2024. The company continues to experience robust demand and an expanding sales pipeline for its XBAW® filter products, as well as new XBAW®/SAW resonator and oscillator products and semiconductor back-end services. Akoustis has been securing new design wins in target markets such as Wi-Fi, 5G Infrastructure, Automotive, and Defense, with plans for production ramp-up in the near future.
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Akoustis Technologies, Inc. (NASDAQ: AKTS) will attend the CES 2024 Conference hosted by the Consumer Technology Association in Las Vegas, Nevada, from January 9-12, 2024. The company has reserved a meeting room at the Venetian Resort and invites customers, investors, and channel partners to schedule appointments. Akoustis is experiencing robust demand and an expanding sales pipeline for its XBAW® filter products, as well as new XBAW®/SAW resonator and oscillator products, and semiconductor back-end services. The company continues to secure new design wins in target markets such as Wi-Fi, 5G Infrastructure, Automotive, and Defense, with many slated to ramp into production in the coming months.
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Akoustis Technologies, Inc. (NASDAQ: AKTS) has been awarded the 8th Annual Wi-Fi NOW Awards Gala for the Best Enterprise Wi-Fi Solution. The company, along with HPE Aruba Networking, has created Wi-Fi access points with patented ultra tri-band (UTB), the only solution in the Wi-Fi industry that makes use of all 5 and 6 GHz bands allocated by the FCC for Wi-Fi with no performance degradation on any combination of channels. This collaboration demonstrates true technology leadership in the 5 to 7 GHz Wi-Fi, as recognized by Claus Hetting, CEO & chairman Wi-Fi NOW. Akoustis is pleased to be recognized as an innovator and leader in advanced Wi-Fi RF filters for the enterprise market and looks forward to continuing its collaboration with HPE Aruba Networking to address the evolving requirements of Wi-Fi 6E and 7, as well as any forthcoming Wi-Fi standards. The company also maintains its momentum with robust demand and an expanding sales pipeline for its XBAW® filter products, new XBAW®/SAW resonator and oscillator products, and semiconductor back-end services. Akoustis continues to secure new design wins in its target markets including Wi-Fi, 5G Infrastructure, and Automotive, many of which are slated to ramp into production in the coming months.
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Akoustis Technologies, Inc. (NASDAQ: AKTS) secures high-volume Wi-Fi 6E filter orders from a Tier-1 customer for a new consumer AP platform. The company reiterates record quarterly revenue guidance for the March quarter with 18 to 25% sequential growth.
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Akoustis Technologies, Inc. (NASDAQ: AKTS) has seen an increase in the number of companies utilizing its XBAW® foundry services, with a leading commercial SATCOM company placing a new development order. The company's foundry services are focused on 2 to 20 GHz in Commercial and Defense applications. Akoustis has also launched its XBAW® Synthesizer software, empowering engineering to design BAW RF filters expanding above 10 GHz. The company continues to secure new design wins in target markets including Wi-Fi, 5G Infrastructure, and Automotive, with robust demand and an expanding sales pipeline.
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Akoustis Technologies, Inc. (NASDAQ: AKTS) has been awarded a multi-year, multi-million dollar Phase 2 contract by DARPA for the development of High Frequency 2-18 GHz XBAW® Filter Technology. The award aims to scale the company's XBAW® technology to 18 GHz and develop a new technology called XP3F to overcome traditional BAW frequency scaling approaches. The company's CEO, Jeff Shealy, expressed confidence in the success of the COFFEE program and the potential to advance the state-of-the-art in BAW RF filter technology.
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Akoustis Technologies, Inc. (NASDAQ: AKTS) announced that founder and CEO Jeff Shealy will attend the 14th Annual Craig-Hallum Alpha Select Conference to be held at the Sheraton New York Times Square Hotel on November 16, 2023. The company continues to experience robust demand and an expanding sales pipeline for its XBAW® filter products, XBAW®/SAW resonator and oscillator products, and semiconductor back-end services. Akoustis has secured new Wi-Fi design wins in target markets such as Wi-Fi, 5G Infrastructure, and Automotive, with many slated to ramp into production soon.
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Akoustis Technologies, Inc. (NASDAQ: AKTS) reported a 26% year-over-year increase in revenue to $7.0 million for the first fiscal quarter, in line with prior guidance. The company expects flat revenue in the December quarter, followed by 18 to 25% growth in the March quarter with a projected record revenue. Cost-saving measures aim to support operating cash flow breakeven in less than a year. Key highlights include robust customer activity in Wi-Fi AP, 5G infrastructure, defense, timing control, and semiconductor back-end services. The company secured multiple design wins for next-generation Wi-Fi 7 consumer-focused OEMs.
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FAQ
What is the current stock price of AKOUSTIS TECHNOLOGIES (AKTS)?
The current stock price of AKOUSTIS TECHNOLOGIES (AKTS) is $0.1006 as of November 22, 2024.
What is the market cap of AKOUSTIS TECHNOLOGIES (AKTS)?
The market cap of AKOUSTIS TECHNOLOGIES (AKTS) is approximately 15.8M.
What does Akoustis Technologies, Inc. do?
Akoustis Technologies, Inc. develops and manufactures innovative RF filter solutions for the wireless industry, including mobile phones, network infrastructure, Wi-Fi, automotive, and defense applications.
What is Akoustis’ core technology?
Akoustis' core technology is the XBAW® manufacturing process, which utilizes a proprietary MEMS-based bulk acoustic wave (BAW) technology to produce high-performance RF filters.
Where is Akoustis headquartered?
Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.
What recent achievements has Akoustis announced?
Recent achievements include multiple design wins and volume orders for XBAW® filters, a public offering raising approximately $10 million, and introducing new RF filters for Wi-Fi and LTE coexistence.
What industries does Akoustis serve?
Akoustis serves the wireless industry, including mobile phones, tablets, network infrastructure, Wi-Fi, automotive, and defense sectors.
What is the significance of Akoustis' Bulk ONE™ technology?
Bulk ONE™ technology addresses critical frequency-selectivity requirements in today’s mobile smartphones, improving their efficiency and signal quality, and enabling the Internet of Things (IoT).
Where is Akoustis' manufacturing facility located?
Akoustis' manufacturing facility is located in Canandaigua, New York. It is a 125,000 sq. ft. ISO-9001:2015 registered commercial wafer-manufacturing facility.
How does Akoustis address the needs of high-end smartphones?
Akoustis provides higher-performance RF filters that ensure mobile compatibility across multiple carriers and closely packed frequency bands, essential for high-end smartphones.
What are some of Akoustis’ recent business highlights?
Business highlights include new 2.4 GHz XBAW® filters, engagements with defense contracts, Wi-Fi NOW award in collaboration with HPE Aruba, and significant volume orders from enterprise customers.
How does Akoustis plan to use the proceeds from its recent public offering?
The net proceeds from the offering will be used for working capital, funding operations, and supporting research and development activities.
AKOUSTIS TECHNOLOGIES, INC.
Nasdaq:AKTS
AKTS Rankings
AKTS Stock Data
15.77M
149.46M
3.32%
14.03%
3.45%
Communication Equipment
Telephone & Telegraph Apparatus
United States of America
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