Akoustis Technologies, Inc. (AKTS)

NASDAQ: AKTS · IEX Real-Time Price · USD
0.622
+0.003 (0.50%)
At close: Feb 29, 2024, 4:00 PM
0.641
+0.019 (3.01%)
After-hours: Feb 29, 2024, 4:59 PM EST
0.50%
Market Cap 58.95M
Revenue (ttm) 29.71M
Net Income (ttm) -69.15M
Shares Out 98.60M
EPS (ttm) -0.97
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 704,267
Open 0.610
Previous Close 0.619
Day's Range 0.592 - 0.660
52-Week Range 0.450 - 3.930
Beta 1.69
Analysts Buy
Price Target 2.69 (+332.62%)
Earnings Date Feb 13, 2024

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 Foundry Fabrication Services and RF Filters segments. The Foundry Fabrication Services segment provides engineering review and backend packaging services. Its RF Filters segment sells amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones... [Read more]

Sector Technology
IPO Date Mar 14, 2017
Employees 222
Stock Exchange NASDAQ
Ticker Symbol AKTS
Full Company Profile

Financial Performance

In 2023, AKTS's revenue was $27.12 million, an increase of 76.68% compared to the previous year's $15.35 million. Losses were -$63.56 million, 7.67% more than in 2022.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for AKTS stock is "Buy." The 12-month stock price forecast is $2.69, which is an increase of 332.62% from the latest price.

Price Target
$2.69
(332.62% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Akoustis to Attend GOMACTech 2024 in Charleston from March 19-20

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...

14 days ago - GlobeNewsWire

Akoustis Reports Second Quarter FY24 Results

Q2 Revenue Up 20% Year-Over-Year, In-Line with Prior Guidance Guiding Record Quarterly Revenue for the March Quarter—Up 18 to 25% Sequentially Growth, Cost Savings Initiatives, CHIPS Act ITC Refund Su...

16 days ago - GlobeNewsWire

Akoustis Receives Wi-Fi 7 Design Win from Tier-1 US-Based Carrier

Tier-1 Customer to Use Akoustis' Next-Generation 5.5 and 6.5 GHz Wi-Fi 7 XBAW® Filters in 4x4 MIMO Router Platform Secures Wi-Fi 7 Filter Orders to Support Production Ramp in September Quarter of Cale...

17 days ago - GlobeNewsWire

Akoustis Achieves Wi-Fi 7 Design Win and Volume Orders for Two New Programs from Current Tier-1 Enterprise Wi-Fi AP Solutions Provider

Tier-1 Customer to Use Multiple Akoustis XBAW® Filters in 4X4 and 2X2 MU-MIMO Enterprise Access Point Platforms Has Received Volume Orders to Facilitate Production Ramp in the Second Half of Calendar ...

21 days ago - GlobeNewsWire

Akoustis to Webcast Q2FY24 Results on February 13 at 8:00 am ET

Charlotte, N.C., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW...

23 days ago - GlobeNewsWire

Akoustis Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriter's Option to Purchase Additional Shares

Charlotte, N.C., Jan. 29, 2024 (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 Announces Pricing of Public Offering of $10.0 Million of Common Stock

Board Co-Chair, CEO, CPO, and Other Company Management and Employees Investing $1 Million Charlotte, N.C., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or t...

5 weeks ago - GlobeNewsWire

Akoustis Announces Proposed Public Offering of Common Stock

Charlotte, N.C., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW...

5 weeks ago - GlobeNewsWire

Akoustis Receives Wi-Fi 7 Design Win from Tier-1 Enterprise Wi-Fi AP Provider

Second Tier-1 Customer to Use Multiple Akoustis 5 GHz and 6 GHz Wi-Fi 7 Filters for a 4X4 MU-MIMO AP Platform Has Received Prototype Orders to Enable Production Ramp in the Second Half Calendar Year 2...

7 weeks ago - GlobeNewsWire

Wi-Fi NOW Awards Akoustis and HPE Aruba Networking for Best Enterprise Wi-Fi Solution

Charlotte, N.C., Dec. 20, 2023 (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 First Development Order from Leading Commercial Satellite Communications Company for Use of XBAW® Foundry Services

Number of Companies Utilizing XBAW® Foundry Services Increases to Four Launch of Akoustis' XBAW® Synthesizer Software as part of Foundry Services Foundry Focused on 2 to 20 GHz in Commercial and Defen...

3 months ago - GlobeNewsWire

Akoustis Awarded Phase 2 For DARPA COFFEE Program

Multi-Year, Multi-Million Dollar Phase 2 Award for Development of High Frequency 2-18 GHz XBAW® Filter Technology Award Invests in Development of Akoustis' Single-Crystal and XP3F Filter Technologies ...

3 months ago - GlobeNewsWire

Akoustis to Attend the 14th Annual Craig-Hallum Alpha Select Conference on November 16, 2023

Charlotte, N.C., Nov. 14, 2023 (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 Reports First Quarter FY24 Results

Q1 Revenue Up 26% Year-Over-Year, In-Line with Prior Guidance Guiding Revenue Flat in December Quarter, then 18 to 25% Growth with Record Revenue Projected in March Quarter Growth, Cost Savings Initia...

3 months ago - GlobeNewsWire

Akoustis Receives Purchase Order for Three BAW Filter Designs from 5G Mobile and Wi-Fi Router RF Front-End Customer

New Designs Developed Using Akoustis' Proprietary XBAW Foundry Process Customer Designed Filters to Target Wi-Fi 7 AP and China Mobile Markets Production Ramp Expected in First Half Calendar 2024 Char...

3 months ago - GlobeNewsWire

Akoustis Introduces Enhanced BAW RF Filter for Wi-Fi 6E & 7 Applications

A10765 Currently Sampling and Meets the Stringent Coexistence Requirements for 5 GHz U-NII 1-3 Bands Production Ramp Expected to Begin in the First Half of Calendar 2024 Charlotte, N.C., Sept. 29, 202...

5 months ago - GlobeNewsWire

Akoustis to Attend Wi-Fi World Congress North America 2023 Conference in Toronto from September 18-20

Charlotte, N.C., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BA...

6 months ago - GlobeNewsWire

Akoustis to Webcast Q4FY23 and Full Year Results on September 6 at 8:00 am ET

Charlotte, N.C., Aug. 29, 2023 (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 Sampling New Advanced Single-Crystal XBAW® Filter with Tier-1 Wi-Fi Customer

New Filter for Multiple Enterprise-Class Wi-Fi 7 Access Points with MU-MIMO Architectures Advanced Single-Crystal Material Delivers Improved Power Handling and Harmonics over Existing Poly-Crystal Mat...

7 months ago - GlobeNewsWire

Akoustis to Attend the 4th Annual Needham Virtual Semiconductor & SemiCap Conference on August 22, 2023

Charlotte, N.C., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW...

7 months ago - GlobeNewsWire

Akoustis Launches State-of-the-Art XBAW® Foundry Services and AI-Enabled Engineering Design Software

Charlotte, N.C., June 13, 2023 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW...

9 months ago - GlobeNewsWire

Akoustis to Exhibit and Present at the IEEE MTT-S International Microwave Symposium June 13-15

Akoustis to Present at WSP Workshop, Industry Showcase, IMS Technical Session, and Interactive Forum Booth Demonstrations Include Wi-Fi 6E & 7, Medical, and Automotive Filter Solutions including BAW F...

9 months ago - GlobeNewsWire

Akoustis Receives Two New Wi-Fi 6E Design Wins

Charlotte, N.C., May 24, 2023 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW)...

10 months ago - GlobeNewsWire

Akoustis to Attend Multiple Conferences in the June 2023 Quarter

Charlotte, N.C., May 17, 2023 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW)...

10 months ago - GlobeNewsWire

Akoustis Receives First Wi-Fi 7 Design Win from Leading Enterprise-Class Customer

Patented XBAW Filter Solutions Power Advanced, High-Speed MU-MIMO Wi-Fi Connectivity for Enterprise Applications Volume Production Expected to Ramp in the Second Half of Calendar 2023 Charlotte, N.C.,...

10 months ago - GlobeNewsWire