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Akoustis Technologies Inc - AKTS STOCK NEWS

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.

News

Akoustis Reports First Quarter FY24 Results

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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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Akoustis Receives Purchase Order for Three BAW Filter Designs from 5G Mobile and Wi-Fi Router RF Front-End Customer

Rhea-AI Summary
Akoustis Technologies, Inc. (NASDAQ: AKTS) has received a purchase order for design iterations of three BAW filters targeting Wi-Fi 7 AP and China mobile markets. Production ramp is expected in the first half of calendar year 2024, utilizing the company's proprietary XBAW foundry process.
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Akoustis to Webcast Q1FY24 Results on November 13 at 8:00 am ET

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Akoustis Technologies, Inc. will webcast its Q1FY24 results on November 13, 2023, at 8:00 am Eastern Time. The company is experiencing robust demand and an expanding sales pipeline for its XBAW® filter products. New Wi-Fi design wins in target markets including Wi-Fi, 5G Infrastructure, and Automotive are expected to ramp into production in the coming months.
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Akoustis Introduces Enhanced BAW RF Filter for Wi-Fi 6E & 7 Applications

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Akoustis Technologies, Inc. (NASDAQ: AKTS) has started sampling its new Wi-Fi 6E and Wi-Fi 7 coexistence filter solution, A10765, meeting the stringent rejection requirements of U-NII 1-3 bands. Production is expected to ramp up in the first half of 2024. The A10765 offers a 4X size reduction, 2 dB increase in power handling, and improved U-NII 1-3 rejection performance compared to the Company’s first-generation U-NII 5-8 filter solution. This high-performance, ultra-wide bandwidth XBAW® RF filter solution will target Wi-Fi 6E and emerging Wi-Fi 7 tri-band routers, integrated cable modems, tri-band access points, and LTE/LAA small cells.
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Akoustis to Attend Wi-Fi World Congress North America 2023 Conference in Toronto from September 18-20

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Akoustis to exhibit at Wi-Fi World Congress North America 2023, highlighting XBAW® advantages in advanced Wi-Fi networking, 5G & 6G cellular, and other applications.
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Akoustis Reports Seventh Consecutive Quarter of Record Revenue with Fourth Quarter Fiscal 2023 Sales Growing over 13% Year-Over-Year and Full Year 2023 Revenue Up 77% Year-over-Year

Rhea-AI Summary
Akoustis Technologies reports a 13% YoY increase in quarterly revenue to $8.3 million and record annual sales of $27.1 million, up 77% YoY. The company remains poised for significant growth with increased activity in sales and design win pipelines and new product introductions in various markets.
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Akoustis to Webcast Q4FY23 and Full Year Results on September 6 at 8:00 am ET

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Akoustis Technologies, Inc. will webcast its Q4 and full year 2023 results on September 6, 2023. The company is experiencing strong demand and a growing sales funnel for its Wi-Fi, 5G mobile, and 5G infrastructure products.
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Akoustis Sampling New Advanced Single-Crystal XBAW® Filter with Tier-1 Wi-Fi Customer

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Akoustis Technologies has shipped samples of a new advanced single-crystal XBAW® filter solution to a tier-1 enterprise-class Wi-Fi access point (AP) customer. The filter targets next-generation enterprise Wi-Fi 7 architectures that enable faster speeds, support more connections, and provide greater adaptability with reliable low latency performance. The customer plans to use the filter in multiple Wi-Fi 7 routers that are expected to begin shipping in the first half calendar 2024.
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Akoustis to Attend the 4th Annual Needham Virtual Semiconductor & SemiCap Conference on August 22, 2023

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Akoustis to Present at the Oppenheimer 26th Annual Technology, Internet & Communications Conference at 11:35 am ET on August 8th, 2023

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Akoustis Technologies Inc

Nasdaq:AKTS

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AKTS Stock Data

5.75M
149.46M
3.32%
14.03%
3.45%
Communication Equipment
Telephone & Telegraph Apparatus
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United States
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