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Akoustis Technologies Inc - AKTS STOCK NEWS

Welcome to our dedicated news page for Akoustis Technologies (Ticker: AKTS), a resource for investors and traders seeking the latest updates and insights on Akoustis Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Akoustis Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Akoustis Technologies's position in the market.

News
Akoustis Reports First Quarter FY24 Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.71%
Tags
earnings
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News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.46%
Tags
none
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News
Akoustis to Webcast Q1FY24 Results on November 13 at 8:00 am ET
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.98%
Tags
conferences
News
Akoustis Introduces Enhanced BAW RF Filter for Wi-Fi 6E & 7 Applications
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.16%
Tags
none
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News
Akoustis to Attend Wi-Fi World Congress North America 2023 Conference in Toronto from September 18-20
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.77%
Tags
conferences
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News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.7%
Tags
earnings
News
Akoustis to Webcast Q4FY23 and Full Year Results on September 6 at 8:00 am ET
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.73%
Tags
conferences
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News
Akoustis Sampling New Advanced Single-Crystal XBAW® Filter with Tier-1 Wi-Fi Customer
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
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none
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News
Akoustis to Attend the 4th Annual Needham Virtual Semiconductor & SemiCap Conference on August 22, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.15%
Tags
conferences
News
Akoustis to Present at the Oppenheimer 26th Annual Technology, Internet & Communications Conference at 11:35 am ET on August 8th, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
conferences
Stock AKTS logo
Akoustis Technologies Inc

Nasdaq:AKTS

AKTS Rankings

#4648 Ranked by Market Cap
#5393 Ranked by Stock Gains
N/A Ranked by Dividends

AKTS Stock Data

49.80M
93.17M
5.28%
31.84%
9.58%
Bare Printed Circuit Board Manufacturing
Manufacturing
Link
US
Huntersville

About AKTS

founded in 2014 by experienced industry leaders and scientists from university of california at santa barbara (ucsb) and cornell university, akoustis’ mission is to commercialize and manufacture its patent-pending bulk one™ acoustic wave technology to address the critical frequency-selectivity requirements in today’s mobile smartphones – improving the efficiency and signal quality of mobile wireless devices and enabling the internet of things. the bulk acoustic wave (baw) filter market is rapidly expanding, driven by growth in 4g/lte and the number of filters required per device. nearly 2 billion mobile phones are manufactured per year, and over half are in the growing segment of high-end smartphones. because these smartphones need to operate globally, on more than one carrier, and with bands that are becoming ever-closer together, the need for higher-performance filters is upon us to ensure mobile compatibility. 4g/lte networks are driving the need for higher frequencies, and traditio