Tier-1 Customer to Use High-Performance Akoustis XBAW® Filters for Two Wi-Fi 7 Fixed Wireless Access Enterprise and Home Gateway PlatformsCompany Has Received Orders to Support Production Ramp Throughout Calendar Year 2024 Charlotte, N.C., May 01, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ:AKTS) ("Akoustis" or the "Company"), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today the in ...

Speculative penny stocks: we all love them and they’re super dangerous. You “invest” at your own risk, let me be 100% clear about that.Since you’re already here, I’m assuming that you already know the drill and have accepted the risk. Let me just say before we start that the market typically represents a balance between predictability and potentiality. And these are inverse concepts.If you want high predictability (blue-chip stocks, for example), you must sacrifice upside potentiality. On the flipside, if y ...

Tier-1 Customer to Use High-Performance Akoustis XBAW® Filters in 4X4 MU-MIMO Enterprise Router PlatformCompany Has Received Volume Orders to Facilitate Production Ramp in the Second Half of Calendar Year 2024 Charlotte, N.C., April 08, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ:AKTS) ("Akoustis" or the "Company"), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that high-performan ...

New High-Performance 2.4 GHz Channel 1-11 XBAW® Bandedge RF Filters for Improved Wi-Fi Range and Coexistence with LTEThe A10124 and A10324 is Currently Sampling and Slated for Production Second Half of Calendar Year 2024 Charlotte, N.C., April 03, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ:AKTS) ("Akoustis" or the "Company"), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today two new ...

Charlotte, N.C., March 11, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ:AKTS) ("Akoustis" or the "Company"), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that founder and CEO Jeff Shealy will attend the 36th Annual Roth Conference that takes place on March 17-19, 2024, in Laguna Niguel, California. Investors that would like to schedule a meeting with Akoustis management should con ...

Charlotte, N.C., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ:AKTS) ("Akoustis" or the "Company"), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that the Company will an exhibitor at the GOMACTech Conference. The event is being held in Charleston, South Carolina, at the Embassy Suites by Hilton, Charleston Convention Center from March 18-21, 2024. Akoustis will be featured ...

Financial Data and Key Metrics Changes - For Q2 2024, the company reported revenue of $7 million, flat compared to the previous quarter but up 20% year-over-year [19] - The GAAP operating loss was $15 million, driven by labor costs of $8 million, depreciation and amortization of $3.2 million, and other operational costs totaling $10.8 million [19] - Cash used in operating activities was $11.3 million, which included additional payroll costs and increased legal costs [20] - The company expects to achieve operating cash flow breakeven later in the year, with a projected revenue range of $11 million to $15 million per quarter to reach this goal [25][21] Business Line Data and Key Metrics Changes - XBAW-related sales accounted for the top 5 customers and 7 out of the top 10 customers, with the top 10 customers making up 58% of revenue [5] - The company secured design wins for Wi-Fi 7 solutions with tier 1 customers, indicating strong demand in the Wi-Fi segment [9][10] - In the 5G mobile market, the company recognized filter sales to a tier 1 RF component customer and shipped the first of three Wi-Fi filters to a tier 2 5G mobile RF front end module customer [11][12] Market Data and Key Metrics Changes - 40% of sales came from Asia, 47% from North America, and 13% from Europe, with the top 36 customers accounting for 80% of revenue [6] - The company expects modest growth in shipments to return in the March quarter for the 5G network infrastructure business [13] - The defense and other markets saw significant engagement, with two out of the top 10 customers in this category [14] Company Strategy and Development Direction - The company is focusing on expense reduction and cost savings to significantly reduce cash burn moving forward, estimating a reduction of 30% to 38% in the March quarter [21] - Membership in microelectronics hubs related to the CHIPS Act is expected to enhance the company's access to government research programs [8] - The company is aggressively pursuing product cost savings to lower operating expenses and improve gross margin [23] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to record quarterly revenue in Q3 2024, with expected growth of 18% to 25% sequentially [7] - The company believes it has worked through inventory issues from 2023 and anticipates a return in demand for Wi-Fi products [6] - Management highlighted the substantial market opportunity for their patented high-frequency XBAW and XP3F filters, with a strong IP portfolio [22] Other Important Information - The company completed its New York fab tool capacity expansion project, increasing capacity to 500 million filters per year [20] - The company estimates a refundable tax credit of $3.7 million to $4.7 million over the next 12 to 15 months under the CHIPS Act [8] Q&A Session Summary Question: Can you talk about the new revenue per quarter for breakeven in Q4 and expected gross margins? - The company predicts revenue needed for operating cash flow breakeven to be in the $11 million to $15 million range per quarter, assuming a margin of 20% to 25% [25] Question: What is the status of Wi-Fi inventory and design activity? - Management confirmed that Wi-Fi inventory is normalized, with ongoing design wins and expected strong momentum in Wi-Fi 7 [28][32] Question: What is the outlook for consumer versus enterprise Wi-Fi products? - The company is seeing strong activity in enterprise products, with significant dollar content, while also beginning to penetrate the consumer market [33][35] Question: What is the CapEx outlook for calendar 2024? - The company does not anticipate significant CapEx spending for the remainder of 2024, expecting it to be in the hundreds of thousands per quarter or less [38] Question: Can you provide an update on the litigation with Qorvo? - The company believes the facts do not support Qorvo's allegations and has filed motions to challenge key parts of Qorvo's claims [53][54]

Akoustis (AKTS) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.56%. A quarter ago, it was expected that this company would post a loss of $0.18 per share when it actually produced a loss of $0.27, delivering a surprise of -50%.Over the last four quarters, the company has not been able to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-38029 AKOUSTIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware (Sta ...

Key PointsColumbia Banking System is a high-yielding stock whose price fell to a long-term low; insiders are buying. Akoustis Technologies is in a hyper-growth phase, and the insiders are buying. CG Oncology has a major approval on the horizon and could be a takeover target; its insiders are buying. Insider buying is as active as ever, with many of the same stocks bought in 2023 on the radar in 2024. New names such as Columbia Banking System (NASDAQ: COLB), Akoustis Technology(NASDAQ: AKTS), and CG Oncology ...