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 (Nasdaq: AKTS) announced its intention to conduct an underwritten public offering of common stock, with plans to grant underwriters a 30-day option for additional shares. The offering's details, including size and terms, remain subject to market conditions. Proceeds from the offering will fund operations, including capital expenditures, research, debt servicing, and general corporate purposes. B. Riley Securities, Inc. acts as the sole book-running manager, with additional co-managers involved. A shelf registration statement for the offering is effective, with further details available in a forthcoming prospectus.
Akoustis Technologies has announced the acquisition of Grinding and Dicing Services (GDSI) for $20 million, comprising $14 million in cash, $2 million in stock, and a $4 million promissory note. This acquisition is immediately accretive, adding a high-margin premium services business that supports over 250 customers. The move aligns with Akoustis' strategy to reshore its semiconductor packaging capabilities under the CHIPS Act. GDSI will enhance rapid prototyping for Akoustis' XBAW filters and integrates the supply chain for national security applications.
Akoustis Technologies, Inc. (NASDAQ: AKTS) has achieved a milestone by securing its first design win in the 5G mobile sector from a leading Tier-1 RF component customer. The newly designed XBAW® RF filter will be integrated into a multiplexer for 5G mobile handsets, expected to ship in the first half of 2023. This filter utilizes a proprietary wafer-level package developed in Akoustis' New York facility, enhancing manufacturing efficiency. The company anticipates further applications for its XBAW® technology across various mobile devices and is ramping up production capacity to meet strong demand.
Akoustis Technologies (NASDAQ: AKTS) has successfully qualified its proprietary wafer-level-packaging (WLP) technology for 5G mobile and timing control markets. This technology aims to address supply chain challenges and enhance production capabilities at their New York facility. The first WLP packages are set to enter production early in 2023. Akoustis continues to see strong demand for its XBAW® filter products, anticipating significant revenue opportunities in 5G smartphones, tablets, and infrastructure. The company aims to reach a production capacity of approximately 0.5 billion filters per year.
Akoustis Technologies (NASDAQ: AKTS) reported a 195% year-over-year revenue increase, reaching $5.6 million for Q1 FY23. The company anticipates another record quarter in Q2 FY23 with revenue expected to rise 55%-70%. Despite supply chain challenges, demand for XBAW filters is robust across diverse markets. Akoustis plans to expand manufacturing in New York, capitalizing on the CHIPS Act. Their patent portfolio grew to 73 issued patents and 123 pending. Significant design wins were achieved in Wi-Fi and 5G sectors.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced its participation in several upcoming conferences during the December 2022 quarter. Key events include the 11th Annual Roth Technology Event on November 16, 2022, and the 13th Annual Craig-Hallum Alpha Select Conference on November 17, 2022. Management will host one-on-one meetings at these events. Akoustis is focused on expanding its production capabilities, aiming for an annual capacity of approximately 0.5 billion filters, while actively engaging in 5G and Wi-Fi 6 technology solutions.
Akoustis Technologies (NASDAQ: AKTS) will webcast its Q1 FY23 financial results on November 14, 2022, at 8:00 AM ET. A question-and-answer session will follow. To listen, call 877-407-3982 (domestic) or 201-493-6780 (international). The company is ramping up production capacity to about 0.5 billion filters annually at its New York facility. Akoustis is actively shipping its Wi-Fi 6 tandem filters and has secured over 20 customer design wins for its patented XBAW® filters.
Akoustis Technologies, Inc. (NASDAQ: AKTS) announced three new Wi-Fi 6E design wins for carrier-class applications, including two wins from a leading European Wi-Fi OEM and one from a global network provider. The design wins utilize 4x4 MU-MIMO architectures, with production expected to ramp for the first router by the end of 2022 and additional routers in 2023. Akoustis anticipates further growth in its customer base, driven by increasing interest in its advanced Wi-Fi solutions. The company is investing in its production capacity, targeting approximately 500 million units annually.
Akoustis Technologies (NASDAQ: AKTS) has joined the Semiconductor Industry Association (SIA) as a Charter Member, aligning with major industry leaders like Intel and Qualcomm. This membership aims to enhance U.S. semiconductor innovation and competitiveness, particularly following the CHIPS and Science Act of 2022. The company is currently ramping up production capacity to approximately 500 million units annually and has secured over 20 customer design wins for its proprietary XBAW filter solutions, including Wi-Fi 6 and 5G products.
Charlotte, N.C., Oct. 04, 2022 – Akoustis Technologies (NASDAQ: AKTS) has introduced two new Wi-Fi 6E and Wi-Fi 7 RF filter solutions, A10655 and A10665, now in sampling phase. These filters target U-NII 1-3 and U-NII 5-8 frequency bands, boasting a 4X smaller form factor and superior out-of-band rejection. Production is anticipated to commence in H1 2023, with plans to reach an annual capacity of approximately 500 million units. Over 20 design wins for XBAW filters have already been secured, underlining Akoustis's growth in the multi-billion-dollar RF filter market.
