Akoustis Technologies, Inc. (AKTS)

NASDAQ: AKTS · IEX Real-Time Price · USD
3.68
-0.06 (-1.60%)
At close: Dec 5, 2022 4:00 PM
3.65
-0.03 (-0.82%)
After-hours: Dec 5, 2022 5:26 PM EST
-1.6%
Market Cap 210.04M
Revenue (ttm) 19.05M
Net Income (ttm) -65.27M
Shares Out 57.15M
EPS (ttm) -1.01
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 253,693
Open 3.68
Previous Close 3.74
Day's Range 3.61 - 3.71
52-Week Range 2.28 - 7.62
Beta 1.55
Analysts Buy
Price Target 7.40 (+101.1%)
Earnings Date Nov 14, 2022

About AKTS

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services and microelectromechanical systems foundry services. The RF Filters segment sells amplifier and filter products. It offers RF filters for mobile wi... [Read more]

Industry Electronic Equipment, Instruments & Components
IPO Date Mar 14, 2017
Employees 205
Stock Exchange NASDAQ
Ticker Symbol AKTS
Full Company Profile

Financial Performance

In 2022, AKTS's revenue was $15.35 million, an increase of 131.94% compared to the previous year's $6.62 million. Losses were -$59.03 million, 33.7% more than in 2021.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for AKTS stock is "Buy." The 12-month stock price forecast is 7.4, which is an increase of 101.09% from the latest price.

Price Target
$7.4
(101.09% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Akoustis Joins Wi-Fi NOW Industry Association as Official RF Filter Partner

Charlotte, N.C., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) ...

2 weeks ago - GlobeNewsWire

2 Radio Frequency Stocks to Watch in a Challenging Industry

The accelerated deployment of 5G enhances the prospects of the Zacks Semiconductors - Radio Frequency industry players like Akoustis (AKTS) and RF Industries (RFIL) despite challenging industry conditions.

Other symbols: RFIL
2 weeks ago - Zacks Investment Research

Akoustis (AKTS) Reports Q1 Loss, Lags Revenue Estimates

Akoustis (AKTS) delivered earnings and revenue surprises of -40% and 0.36%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Akoustis to Attend Multiple Conferences in December 2022 Quarter

The 11th Annual ROTH Technology Event – November 16, 2022

3 weeks ago - GlobeNewsWire

Akoustis to Webcast Q1FY23 Results on November 14 at 8:00 am ET

Charlotte, N.C., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) ...

4 weeks ago - GlobeNewsWire

Akoustis Becomes Charter Member of the Semiconductor Industry Association

Charlotte, N.C., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) ...

1 month ago - GlobeNewsWire

Akoustis Announces Next Generation Wi-Fi 6E and Wi-Fi 7 Filter Solutions

Charlotte, N.C., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) ...

2 months ago - GlobeNewsWire

Akoustis Receives Fourth Design Win for a New 5G Mobile Network Infrastructure XBAW Filter

Akoustis 3.5 GHz XBAW Filter to be Used in Base Station Equipment for 5G Connectivity in Europe, and Asia

2 months ago - GlobeNewsWire

Akoustis (AKTS) Reports Q4 Loss, Misses Revenue Estimates

Akoustis (AKTS) delivered earnings and revenue surprises of -36.84% and 15.90%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Akoustis Reports Third Consecutive Quarter of Record Revenue as Fourth Quarter Fiscal 2022 Sales Grew by Over 140% Ye...

Ramp in XBAW Filter Revenue Expected to Continue in the Current Q1 FY23 with a Greater Than 200% Year-Over-Year Revenue Increase

2 months ago - GlobeNewsWire

U.S. Senate Majority Leader Charles E. Schumer Toured Akoustis Technologies' Semiconductor Fab in Upstate New York

Canandaigua, N.Y., Sept. 06, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BA...

2 months ago - GlobeNewsWire

Akoustis Shipped Second Iteration XBAW Filter to RF Front-End Module Customer and Received Development Order for Two ...

Charlotte, N.C., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW)...

3 months ago - GlobeNewsWire

Akoustis to Webcast Q4FY22 Results on September 12 at 8:00 am ET

Charlotte, N.C., Aug. 30, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) ...

3 months ago - GlobeNewsWire

Akoustis Receives Development Order for Two New Diplexers from Fortune 100 Internet Company

Charlotte, N.C., Aug. 24, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) ...

3 months ago - GlobeNewsWire

Akoustis to Attend the 3rd Annual Needham Semiconductor and SemiCap Conference on August 24th

Huntersville, N.C., Aug. 19, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ : AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (B...

3 months ago - GlobeNewsWire

Akoustis Ships Second 5G Mobile Filter Design in its New Wafer-Level-Package to First Foundry Customer

XBAW Filter Targets 5G Mobile Smartphones and Other Devices

3 months ago - GlobeNewsWire

CHIPS Act to ‘scale up' the smartphone market, Akoustis CEO says

This segment originally aired on August 1, 2022. Akoustis Founder and CEO Jeff Shealy joins Yahoo Finance Live anchors Akiko Fujita and Brian Cheung to discuss the CHIPS Act, easing the semiconductor sh...

3 months ago - Yahoo Finance

Akoustis Founder and CEO Jeff Shealy to Discuss the CHIPS and Science Act 2022 and 5G Mobile on Yahoo Finance at 11:4...

Charlotte, N.C., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ : AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW)...

4 months ago - GlobeNewsWire

Akoustis Names Kamran Cheema Chief Product Officer

Charlotte, N.C., July 11, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ : AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW)...

4 months ago - GlobeNewsWire

Akoustis Signs New DARPA Contract to Advance XBAW Technology

Defense Advanced Research Projects Agency (DARPA) Is the Premier Government Agency Making Pivotal Investments in Breakthrough Technologies for National Security

5 months ago - GlobeNewsWire

Akoustis to Exhibit and Present at the IEEE MTT International Microwave Symposium June 21-23

Dr. Rama Vetury to Present in the Th2B-2 Technical Session on June 23rd at 10:30 am MST

5 months ago - GlobeNewsWire

Akoustis Enables Ultra Tri-band Filtering for New Line of Aruba Wi-Fi 6E Products

Charlotte, N.C., June 02, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) ...

6 months ago - GlobeNewsWire

Akoustis to Attend Multiple Conferences in June 2022

19th Annual Craig-Hallum Institutional Investor Conference June 1st

6 months ago - GlobeNewsWire

Akoustis to Attend Oppenheimer's 7th Annual Emerging Growth Conference on May 10, 2022

Charlotte, N.C., May 03, 2022 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) h...

7 months ago - GlobeNewsWire

Akoustis (AKTS) Reports Q3 Loss, Lags Revenue Estimates

Akoustis (AKTS) delivered earnings and revenue surprises of 0% and 2.79%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research