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Akoustis Technologies(AKTS) - 2024 Q1 - Earnings Call Transcript
2023-11-13 15:26
Akoustis Technologies, Inc. (NASDAQ:AKTS) Q1 2024 Earnings Conference Call November 13, 2023 8:00 AM ET Company Participants Tom Sepenzis - IR Jeff Shealy - Founder & CEO Ken Boller - CFO Dave Aichele - EVP of Business Development Conference Call Participants Anthony Stoss - Craig-Hallum Craig Ellis - B. Riley Securities Suji Desilva - ROTH MKM Operator Good day, ladies and gentlemen, and welcome to the Akoustis Technologies Fiscal 2024 First Quarter Conference Call. As a reminder, this conference call is b ...
Akoustis Technologies(AKTS) - 2024 Q1 - Quarterly Report
2023-11-12 16:00
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 September 30, 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 | ...
Akoustis Technologies(AKTS) - 2023 Q4 - Earnings Call Transcript
2023-09-06 15:23
Akoustis Technologies, Inc. (NASDAQ:AKTS) Q4 2023 Earnings Conference Call September 6, 2023 8:00 AM ET Company Participants Tom Sepenzis - Investor Relations Jeff Shealy - Founder & Chief Executive Officer Ken Boller - Chief Financial Officer Dave Aichele - EVP of Business Development Conference Call Participants Anthony Stoss - Craig-Hallum Craig Ellis - B. Riley Securities Suji Desilva - ROTH MKM Operator Good day, ladies and gentlemen, and welcome to the Akoustis Technologies Fiscal 2023 Fourth Quarter ...
Akoustis Technologies(AKTS) - 2023 Q4 - Annual Report
2023-09-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 | 33-1229046 | | --- | --- | | (St ...
Akoustis Technologies(AKTS) - 2023 Q3 - Earnings Call Transcript
2023-05-08 17:57
Akoustis Technologies, Inc. (NASDAQ:AKTS) Q3 2023 Earnings Conference Call May 8, 2023 8:00 AM ET Company Participants Tom Sepenzis - VP of Corporate Development & IR Jeff Shealy - Founder & CEO Ken Boller - CFO David Aichele - EVP of Business Development Conference Call Participants Anthony Stoss - Craig-Hallum Capital Group Suji Desilva - ROTH Robert Argano - Piper Sandler Operator Good day, ladies and gentlemen, and welcome to the cTechnologies Fiscal 2020 Third Quarter Conference Call. As a reminder, th ...
Akoustis Technologies(AKTS) - 2023 Q3 - Quarterly Report
2023-05-07 16:00
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 March 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 | 33- ...
Akoustis Technologies(AKTS) - 2023 Q2 - Earnings Call Transcript
2023-02-07 16:40
Akoustis Technologies, Inc. (NASDAQ:AKTS) Q2 2023 Earnings Conference Call February 7, 2023 8:00 AM ET Company Participants Tom Sepenzis - VP of Corporate Development & IR Jeff Shealy - Founder & CEO Ken Boller - CFO David Aichele - EVP of Business Development Conference Call Participants Harsh Kumar - Piper Sandler Anthony Stoss - Craig-Hallum Capital Group Suji Desilva - ROTH Capital Craig Ellis - B. Riley Securities Operator Good day, ladies and gentlemen, and welcome to the Akoustis Technologies Fiscal ...
Akoustis Technologies(AKTS) - 2023 Q2 - Quarterly Report
2023-02-06 16:00
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, 2022 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 | ...
Akoustis Technologies(AKTS) - 2023 Q1 - Earnings Call Transcript
2022-11-14 16:36
Akoustis Technologies, Inc. (NASDAQ:AKTS) Q1 2023 Earnings Conference Call November 14, 2022 8:00 AM ET Company Participants Tom Sepenzis - Vice President of Corporate Development and Investor Relations Jeff Shealy - Founder and Chief Executive Officer Ken Boller - Chief Financial Officer David Aichele - Executive Vice President of Business Development Conference Call Participants Suji Desilva - ROTH Capital Harsh Kumar - Piper Sandler Anthony Stoss - Craig-Hallum Capital Group Wei Mok - Oppenheimer & Compa ...
Akoustis Technologies(AKTS) - 2023 Q1 - Quarterly Report
2022-11-13 16:00
Technology Development - Akoustis reported a significant focus on developing RF filter solutions for 5G, Wi-Fi, and defense applications, utilizing proprietary XBAW technology[100] - The company has filed for 73 patents and has 123 pending applications as of October 15, 2022, covering its core resonator device technology and manufacturing processes[103] - Akoustis has begun commercial shipments of single-band low loss BAW filter designs for 5G and Wi-Fi bands, addressing issues like loss and bandwidth[100] - Akoustis has received multiple development orders, including for new XBAW diplexers from a Fortune 100 Internet company and a 5G mobile filter solution for a tier-1 RF module maker[114] - Akoustis plans to pursue RF filter design and R&D agreements to subsidize technology development costs and enhance market intelligence[108] Financial Performance - Revenue for the three months ended September 30, 2022, was $5.6 million, an increase of $3.7 million or 194.7% compared to $1.9 million for the same period in 2021[116] - Cost of revenue increased to $6.5 million for the three months ended September 30, 2022, up $3.6 million or 124.1% from $2.9 million in the prior year[117] - R&D expenses rose to $10.1 million, an increase of $2.1 million or 26.1% compared to $8.0 million for the same period in 2021[118] - G&A expenses increased to $7.0 million, up $3.1 million or 78.6% from $3.9 million in the prior year[118] - The net loss for the three months ended September 30, 2022, was $19.1 million, a 49% increase from a net loss of $12.8 million in the same period in 2021[120] Cash Flow and Assets - Cash and cash equivalents decreased to $60.7 million as of September 30, 2022, down $19.8 million from $80.5 million as of June 30, 2022[123] - Total assets decreased to $144.7 million as of September 30, 2022, from $161.3 million as of June 30, 2022[124] - Equity decreased by $16.7 million or 16.2% to $86.7 million as of September 30, 2022, primarily due to the net loss[125] - Operating activities used cash of $15.0 million during the three months ended September 30, 2022, compared to $12.7 million in the same period in 2021[127] - Investing activities used cash of $4.8 million for the three months ended September 30, 2022, down from $5.4 million in the prior year[127] Market Challenges - The company anticipates continued supply chain challenges and increased costs of goods sold due to global semiconductor shortages, which are expected to persist into 2023[111] - Inflationary pressures have negatively impacted revenue, operating margins, and net income, with some customers reducing or deferring orders[112] Operational Insights - The company operates a fabless business model through its subsidiary RFMi, which sells complementary SAW resonators and RF filters[100] - The company is evaluating the impact of the CHIPS and Science Act of 2022, which supports semiconductor plant construction in the U.S.[113] - Akoustis has a 120,000-square foot wafer-manufacturing facility in New York, where it produces high-performance RF filter circuits[102]