Akoustis Completes Rollout of its XBAW® Design Updates
- Charlotte, N.C., May 22, 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, has announced the final release to manufacturing of design updates across its product portfolio.
- 05/22/2024
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US Stocks Mixed; Li Auto Shares Plummet After Q1 Results
- U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 0.5% on Monday. Following the market opening Monday, the Dow traded down 0.19% to 39,925.91 while the NASDAQ rose 0.50% to 16,769.45. The S&P 500 also rose, gaining, 0.19% to 5,313.25. Check This Out: Top 3 Financial Stocks That Are Set To Fly This Quarter Information technology shares rose by 0.9% on Monday. In trading on Monday, real estate shares fell by 0.6%. Shares of The company posted revenue growth of 36.4% year-on-year to $3.55 billion, missing the analyst consensus estimate of $3.84 billion. Adjusted net earnings per ADS was 17 cents missed the analyst consensus estimate of 35 cents. GT Biopharma, Inc. GTBP+161.4%+ Free Alerts shares shot up 142% to $7.54. GT Biopharma, last week, posted a narrower-than-expected quarterly loss. Shares of Tantech Holdings Ltd TANH+79.5%+ Free Alerts got a boost, surging 119% to $1.44. MultiMetaVerse Holdings Limited MMV+187.8%+ Free Alerts shares were also up, gaining 102% to $1.25. MultiMetaVerse Holdings signed a non-binding term sheet to acquire 100% of Bowong Technology (Shenzhen) Co., Ltd. and its subsidiaries. Virios Therapeutics, Inc. VIRI-47.9%+ Free Alerts shares dropped 49% to $0.1790 after the company priced a $1.7 million pubic offering of 8.5 million shares of common stock at $0.20 per share. Shares of Akoustis Technologies, Inc. AKTS-44.7%Get Free Report were down 47% to $0.1899 after Qorvo won a jury verdict against the company in a trade secret misappropriation and patent infringement case. Jaguar Health, Inc JAGX-43.9%Get Free Report was down, falling 44% to $0.1457 after the company announced a 1-for-60 reverse stock split. Also Check This Out: This Analyst With 85% Accuracy Rate Sees Around 8% Upside In NVIDIA – Here Are 5 Stock Picks For Last Week From Wall Street’s Most Accurate Analysts In commodity news, oil traded down 0.4% to $79.74 while gold traded up 0.8% at $2,436.90. Silver traded up 1.9% to $31.84 on Monday, while copper rose 0.7% to $5.0860. European shares were higher today. The eurozone's STOXX 600 gained 0.2%, Germany's DAX rose 0.4% and France's CAC 40 climbed 0.5%. Spain's IBEX 35 Index rose 0.2%, while London's FTSE 100 rose 0.3%. Spain’s consumer confidence indicator climbed to 84.5 in April compared to 82.5 in March. The construction output in Italy rose by 3.8% year-over-year in March. Asian markets closed higher on Monday, with Japan's Nikkei gaining 0.73%, China's Composite Index climbing 0.54%, Hong Kong's Hang Seng Index gaining 0.42% and India's S&P BSE Sensex gaining 0.46%. Hong Kong's unemployment rate came in unchanged at 3% in the three months ending April 2024. Malaysia’s trade surplus shrank to MYR 7.7 billion in April from MYR 12.6 billion in the year-ago month. The People’s Bank of China held key lending rates at the recent fixing. No major economic reports will be released today. Now Read This: Insiders Buying Sempra And 2 Other Stocks
- 05/20/2024
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Akoustis Technologies, Inc. (AKTS) Q3 2024 Earnings Call Transcript
- Akoustis Technologies, Inc. (NASDAQ:AKTS ) Q3 2024 Earnings Conference Call May 13, 2024 8:00 AM ET Company Participants Kenneth Boller - CFO Jeffrey Shealy - Founder & CEO Drew Wright - Corporate General Counsel David Aichele - EVP, Business Development Conference Call Participants Craig Ellis - B. Riley Securities Operator Good day, ladies and gentlemen, and welcome to the Akoustis Technologies Fiscal 2024 Third Quarter Conference Call.
- 05/13/2024
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Akoustis (AKTS) Reports Q3 Loss, Misses Revenue Estimates
- Akoustis (AKTS) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.20 per share a year ago.
- 05/13/2024
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Akoustis Reports Third Quarter FY24 Results
- Q3 Revenue Up 7% Quarter-Over-Quarter Filter-Related Revenue Up 13% Quarter-Over-Quarter, Third Highest in Company History Growth, Cost Savings Initiatives, CHIPS Act ITC Refund Support Operating Cash Flow Breakeven in Next Nine Months Robust Customer Activity in Wi-Fi AP, 5G Infrastructure, Defense, Timing Control, Semiconductor Back-End Services Company to Host Investor Update Call Today at 8:00 am ET Charlotte, N.C., May 13, 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, today announced third fiscal quarter results for the period ended March 31, 2024.
- 05/13/2024
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Will Akoustis (AKTS) Report Negative Q3 Earnings? What You Should Know
- Akoustis (AKTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 05/06/2024
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Akoustis Receives Two Design Wins with Tier-1 Network Infrastructure Customer
- Tier-1 Customer to Use High-Performance Akoustis XBAW® Filters for Two Wi-Fi 7 Fixed Wireless Access Enterprise and Home Gateway Platforms Company 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 integration of four high-performance patented XBAW® filters into two new platforms with a Tier-1 Network Infrastructure customer.
- 05/01/2024
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7 Penny Stocks if You Believe Lady Luck's on Your Side
- 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.
- 04/11/2024
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Akoustis Secures Design Win and Volume Orders for Wi-Fi 7 Solution with Tier-1 Enterprise Class OEM
- 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-performance narrowband patented XBAW® filters are being designed into a new program with an enterprise-class original equipment manufacturer (OEM).
- 04/08/2024
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Akoustis Introduces Two New 2.4 GHz BAW RF Filters for Wi-Fi Automotive and Access Point Applications
- 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 bandedge RF filter products for Wi-Fi Automotive and Access Point applications. These filters are expected to ramp into production in the second half of calendar year 2024.
- 04/03/2024
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Akoustis to Attend the 36th Annual Roth Conference on March 17-19, 2024
- 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.
- 03/11/2024
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7 of the Best Speculative Stocks You Can Snag for Less Than $1
- I'm about to drop a truth bomb about speculative stocks under $1. Back when I was a freshman in college, the on-campus security officer had this to say: “Tijuana?
- 03/06/2024
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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) 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.
- 02/15/2024
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Akoustis Technologies, Inc. (AKTS) Q2 2024 Earnings Call Transcript
- Akoustis Technologies, Inc. (AKTS) Q2 2024 Earnings Call Transcript
- 02/13/2024
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Akoustis (AKTS) Reports Q2 Loss, Tops Revenue Estimates
- 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.
- 02/13/2024
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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 Support Operating Cash Flow Breakeven in December Quarter Robust Customer Activity in Wi-Fi AP, 5G Infrastructure, Defense, Timing Control, Semiconductor Back-End Services Company to Host Investor Update Call Today at 8:00 am ET Charlotte, N.C., Feb. 13, 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, today announced second fiscal quarter results for the period ended December 31, 2023.
- 02/13/2024
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3 attractive stocks that insiders are buying
- The insiders are buying these attractive stocks. With a bank, a tech, a penny stock, a dividend payer, and a pharmaceutical winner, there is something for all.
- 02/12/2024
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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 Calendar Year 2024 Charlotte, N.C., Feb. 12, 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 two of its patented XBAW® filters are being integrated into a Wi-Fi 7 router platform with a leading US-based carrier, catering to more than 32 million residential customers.
- 02/12/2024
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Insider Favorites: 7 Stocks with Bullish Buying Signals
- While investors shouldn't get too focused on any one signal, a great source of confidence stems from insider favorite stocks. As the old adage goes, it's difficult to tell what insider selling means.
- 02/11/2024
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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 Year 2024 Charlotte, N.C., Feb. 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 multiple narrowband and wideband patented XBAW® filters are being designed into two new programs with an enterprise Wi-Fi access point (AP) solutions provider.
- 02/08/2024
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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) high-band RF filters for mobile and other wireless applications, will webcast its Q2FY24 results on Tuesday, February 13, 2024, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.
- 02/06/2024
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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) high-band RF filters for mobile and other wireless applications, announced today the closing of its previously announced underwritten public offering of 20,000,000 shares of its common stock at a price to the public of $0.50 per share, including the exercise in full by the underwriter of its option to purchase 3,000,000 additional shares of Akoustis' common stock, for a total offering of 23,000,000 shares of the Company's common stock.. Net proceeds to Akoustis, after deducting the underwriting discount and estimated offering expenses payable by Akoustis, were approximately $10.4 million.
- 01/29/2024
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Why Is Akoustis Technologies (AKTS) Stock Down 33% Today?
- Akoustis Technologies (NASDAQ: AKTS ) stock is falling on Thursday after the radio frequency and wireless devices company announced a proposed public share offering. According to a press release from Akoustis Technologies, the company intends to sell shares of AKTS stock through an underwritten public offering.
- 01/25/2024
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Akoustis (AKTS) Reports Q1 Loss, Misses Revenue Estimates
- Akoustis (AKTS) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.28 per share a year ago.
- 11/13/2023
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Akoustis Technologies, Inc. (AKTS) Q4 2023 Earnings Call Transcript
- 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 Conference Call.
- 09/06/2023
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Akoustis (AKTS) Reports Q4 Loss, Misses Revenue Estimates
- Akoustis (AKTS) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.26 per share a year ago.
- 09/06/2023
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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) high-band RF filters for mobile and other wireless applications, will webcast its fourth quarter and full year 2023 results on Wednesday, September 6, 2023, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.
- 08/29/2023
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7 Tech Stocks to Buy to Turn $5,000 Into $1 Million
- While converting $5,000 into a cool million would require a 200-bagger – a phenomenal return that's extremely difficult to actualize – if you're going to do it, the top tech stocks offer the most natural ecosystem. True, if the human lifespan expanded into centuries, going after agriculture plays might work.
- 07/19/2023
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Akoustis: Wi-Fi 6E Design Wins Continue To Drive Growth
- Akoustis Technologies is disrupting the global RF-filter market with leading-edge materials science and its patented XBAW filter designs. Last week, Akoustis announced two more Wi-Fi 6E design wins one of which is ramping production now. The other customer will ramp-up in the 2H of this year. Both customers use multiple RF-filters in each end product.
- 05/30/2023
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Akoustis Technologies: Gains Rapid Traction
- The company has a large and growing TAM and its patented XBAW technology is enjoying increasing market acceptance, witnessing multiple design wins. Production is ramping fast and costs have come down, operational cash flow will keep decreasing and could reach breakeven in four quarters. However, the company also has capex expansion plans, but it could get considerable help from the CHIPS Act here.
- 05/30/2023
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Akoustis (AKTS) Reports Q3 Loss, Lags Revenue Estimates
- Akoustis (AKTS) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.22 per share a year ago.
- 05/08/2023
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Akoustis to Webcast Q3FY23 Results on May 8 at 8:00 am ET
- Charlotte, N.C., May 01, 2023 (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, will webcast its Q3FY23 results on Monday, May 8, 2023, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.
- 05/01/2023
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Akoustis: I Hear Rapidly Growing Revenue From RF Disruption
- Akoustis' proprietary XBAW RF Filter Technology is disrupting RF front-end designs from smartphones to PCs to home networking. As a result, Q2 FY2023 revenue was +59% yoy. That followed Q1 FY23 sales that grew 195% yoy.
- 03/09/2023
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Is Akoustis Technologies (AKTS) Stock Outpacing Its Computer and Technology Peers This Year?
- Here is how Akoustis (AKTS) and Okta (OKTA) have performed compared to their sector so far this year.
- 03/07/2023
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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 Skyworks (SWKS) and Akoustis (AKTS) despite challenging industry conditions.
- 02/21/2023
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Akoustis Technologies, Inc. (AKTS) Q2 2023 Earnings Call Transcript
- 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 2023 Second Quarter Conference Call.
- 02/07/2023
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Akoustis (AKTS) Reports Q2 Loss, Misses Revenue Estimates
- Akoustis (AKTS) delivered earnings and revenue surprises of 24% and 0.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/07/2023
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Akoustis Is Entering The Big League
- Akoustis' production is ramping up fast but from a small base and is hampered by parts shortage in their main segment, which is slowly easing. The production ramp is set to continue, lowering the cash bleed, but the company is likely to need new funds for its expansion plans in any case.
- 12/30/2022
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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.
- 11/17/2022
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Akoustis: Speculative Growth Thesis Intact, CHIPs Act A Catalyst
- My bullishness on Akoustis Technology has not panned out (so far). I'm personally underwater in the stock. But I'm not selling because the growth thesis is firmly intact. The maker of patented XBAW filter technology recently reported Q1 FY23 revenue growth of 195% yoy while continuing to ink new design wins.
- 11/16/2022
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Akoustis Technologies, Inc. (AKTS) Q1 2023 Earnings Call Transcript
- 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 & Company Operator Good day, ladies and gentlemen, and welcome to the Akoustis Technologies Fiscal 2023 First Quarter Conference Call. As a reminder, this conference call is being recorded.
- 11/14/2022
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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) high-band RF filters for mobile and other wireless applications, will webcast its Q1FY23 results on Monday, November 14, 2022, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.
- 11/07/2022
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Akoustis Technologies Has Long-Term Value
- Akoustis Technologies, Inc. operates on the cutting edge of RF filter technology in growing markets, producing a secular tailwind of rising demand. This is demonstrated by raking in new customers and design wins and a rapid scaling of production.
- 10/03/2022
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Akoustis Technologies (AKTS) Stock: Why It Fell 8.82% Today
- The stock price of Akoustis Technologies (AKTS) fell by 8.82% today. This is why.
- 09/13/2022
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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?
- 09/12/2022
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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) high-band RF filters for mobile and other wireless applications, will webcast its Q4FY22 results on Monday, September 12, 2022, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.
- 08/30/2022
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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 shortage, boosting production, and being able to scale up for the smartphone market.A
- 08/06/2022
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Akoustis: Still Bullish On Its Speculative Growth Thesis
- Akoustis is an (as yet) unprofitable speculative growth company - obviously not a popular choice during the current 2022 bear market. As a result, the company's stock is down ~56% over the past year. However, the investment thesis (i.e., disruption of the global RF-filter market) appears to be firmly intact.
- 07/20/2022
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Akoustis Technologies, Inc. (AKTS) CEO Jeff Shealy on Q3 2022 Results - Earnings Call Transcript
- Akoustis Technologies, Inc. (NASDAQ:AKTS ) Q3 2022 Earnings Conference Call May 2, 2022 8:00 AM ET Company Participants Tom Sepenzis - Director, Investor Relations Jeff Shealy - Founder and Chief Executive Officer Ken Boller - Chief Financial Officer Dave Aichele - Executive Vice President, Business Development Conference Call Participants Cody Acree - Benchmark Harsh Kumar - Piper Sandler Rich Schaefer - Oppenheimer Suji Desilva - ROTH Capital Operator Good day, ladies and gentlemen and welcome to Akoustis Technologies Fiscal 2022 Third Quarter Conference Call. As a reminder, this conference call is being recorded.
- 05/02/2022
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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?
- 05/02/2022
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Akoustis to Webcast Q3FY22 Results on May 2 at 8:00 am ET
- Charlotte, N.C., April 25, 2022 (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, will webcast its Q3FY22 results on Monday, May 2, 2022, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.
- 04/25/2022
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2 Radio Frequency Stocks to Watch in a Promising Industry
- The pandemic-induced work-from-home wave and accelerated deployment of 5G enhance the prospects for the Zacks Semiconductors - Radio Frequency industry players like Akoustis Technologies (AKTS) and RF Industries (RFIL).
- 04/14/2022
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Akoustis Is Rapidly Ramping Up Production
- Akoustis Is Rapidly Ramping Up Production
- 03/31/2022
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Akoustis Technologies (AKTS): Why The Price Jumped Up Today
- The stock price of Akoustis Technologies Inc (NASDAQ: AKTS) increased by over 15% during intraday trading today. This is why it happened.
- 01/31/2022
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Akoustis (AKTS) Reports Q2 Loss, Lags Revenue Estimates
- Akoustis (AKTS) delivered earnings and revenue surprises of -21.05% and 0.38%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 01/31/2022
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Akoustis Clocks 96% Sequential Revenue Growth In Q2; Issues Positive Q3 Outlook
- Akoustis Technologies Inc AKTS reported second-quarter FY22 revenue growth of 96% quarter-on-quarter to $3.67 million, missing the consensus of $3.78 million. "Despite the ongoing macro headwinds presented by both COVID and semi-conductor supply chain shortages, Akoustis was able to achieve record revenue and unit growth in the December quarter and we expect that growth to continue.
- 01/31/2022
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Akoustis to Webcast Q2FY22 Results on January 31st at 8:00 am ET
- Charlotte, N.C., Jan. 26, 2022 (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, will webcast its Q2FY22 results on Monday, January 31, 2022, at 8:00 am Eastern Time. Management will host a question-and-answer session at the end of the call.
- 01/26/2022
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Akoustis Pockets Purchase Order From New Tier-1 Mobile Customer
- Akoustis Technologies Inc (NASDAQ: AKTS) won a purchase order from a new customer to develop a 5G mobile XBAW filter. The financial terms of the deal remain undisclosed.
- 12/16/2021
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Akoustis to Present at the 2nd Annual Oppenheimer 5G Summit on December 14, 2021, at 9:05 am ET
- Charlotte, N.C., Dec. 07, 2021 (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 senior management will present at the 2nd Annual Oppenheimer 5G Summit on December 14, 2021, at 9:05 am ET.
- 12/07/2021
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Akoustis: Valuation Metrics Show Disruptor Is Severely Undervalued
- My investment thesis in RF-Filter disruptor Akoustis has certainly not panned out. At least not so far. AKTS has been beaten down to under $7. That's below where it was a year ago - before a number of big contract wins prior to a well-timed stock sale
- 11/22/2021
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Akoustis to Present at the Wi-Fi Now Conference Today at 1:25 pm ET
- Dave Aichele, EVP of Business Development, to Present RF Acoustic Filters for High-Performance Wi-Fi
- 11/17/2021
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Akoustis Technologies, Inc. (AKTS) CEO Jeff Shealy on Q1 2022 Results - Earnings Call Transcript
- Akoustis Technologies, Inc. (AKTS) CEO Jeff Shealy on Q1 2022 Results - Earnings Call Transcript
- 11/01/2021
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Akoustis (AKTS) Reports Q1 Loss, Misses Revenue Estimates
- Akoustis (AKTS) delivered earnings and revenue surprises of -5.00% and -4.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 11/01/2021
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Akoustis (AKTS) May Report Negative Earnings: Know the Trend Ahead of Q1 Release
- Akoustis (AKTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/25/2021
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Akoustis Buys Majority Ownership Position In RFM Integrated Device
- Akoustis Technologies Inc (NASDAQ: AKTS) acquired a 51% majority ownership position of RFM Integrated Device, Inc. (RFMi), with the right to purchase the remaining 49% in 2022. Akoustis paid $6.0 million in cash and $2.5 million in stock to Tai-Saw Technologies Co, Ltd (TST) for 51% of RFMi's stock.
- 10/18/2021
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Akoustis Acquires Majority Ownership Position of RFM Integrated Device, Inc., a Fabless Supplier of Acoustic Wave RF Resonators and Filters
- Charlotte, N.C., Oct. 18, 2021 (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 it is acquiring a 51% majority ownership position of RFM Integrated Device, Inc. (“RFMi”), with the right to purchase the remaining 49% in 2022.
- 10/18/2021
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Akoustis Entering Timing and Frequency Reference Market with Ultra-High Frequency XBAW Resonators
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Akoustis to Attend the 23rd Annual HC Wainwright Global Investment Conference on September 14, 2021
- Charlotte, N.C., Sept. 10, 2021 (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 senior management will attend the 23rd Annual HC Wainwright Global Investment Conference on Tuesday, September 14, 2021.
- 09/10/2021
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Akoustis Technologies: Q4 Earnings Insights
- (Akoustis Technologies:AKTS) stock rose by 8.77% after the company reported their Q4 earnings results on Monday, August 30, 2021 at 07:01 PM. Here's what investors need to know about the announcement.
- 09/01/2021
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Akoustis' (AKTS) Q4 Loss Wider Than Estimates, Revenues Miss
- Akoustis Technologies' (AKTS) fiscal fourth-quarter results reflect negative impact from coronavirus headwinds. However, strength in the Wi-Fi filter business acted as a tailwind.
- 08/31/2021
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Akoustis Technologies' (AKTS) CEO Jeff Shealy on Q4 2021 Results - Earnings Call Transcript
- Akoustis Technologies' (AKTS) CEO Jeff Shealy on Q4 2021 Results - Earnings Call Transcript
- 08/31/2021
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Akoustis (AKTS) Reports Q4 Loss, Misses Revenue Estimates
- Akoustis (AKTS) delivered earnings and revenue surprises of -18.75% and -14.27%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/30/2021
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Akoustis Ships First 5G Mobile WLP Filters to Tier-1 RF Component Company
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Akoustis Reports Fiscal Fourth Quarter and Full Year Results
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Why Shares Of Akoustis Technologies Soared Today
- Akoustis Technologies (NASDAQ: AKTS) shares are trading higher after the company announced it received a volume commercial order for its patented WiFi 6 XBAWTM filters from its second WiFi 6 OEM customer. The company said thr first shipments will begin in the current quarter.
- 08/27/2021
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Akoustis Receives Volume Commercial Order for WiFi 6 XBAW Filters
- Charlotte, N.C., Aug. 27, 2021 (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 it has received a volume commercial order for its patented WiFi 6 XBAWTM filters from its second WiFi 6 OEM customer. Akoustis' 5.2 GHz and 5.6 GHz WiFi 6 filters have been designed into a new enterprise-class router platform.
- 08/27/2021
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Akoustis Receives WiFi 6E Design Win for MU-MIMO Gateway
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Akoustis Technologies Is Disrupting The Global RF-Filter Market
- Akoustis is attempting to disrupt the large 4G/5G, Wifi, and defense RF filter markets with its innovative and patented XBAW filter designs. AKTS's XBAW filters have superior power, size, speed, and frequency response metrics as compared to existing filter designs.
- 08/18/2021
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Kamran Cheema Joins Akoustis as Vice President of Engineering
- Cheema Will Lead Akoustis' 5G Mobile and Multi-Chip-Module Development, as well as Assist in Deploying Wafer-Level Packaging into Mobile Products, Including 5G Smartphones Cheema Will Lead Akoustis' 5G Mobile and Multi-Chip-Module Development, as well as Assist in Deploying Wafer-Level Packaging into Mobile Products, Including 5G Smartphones
- 08/18/2021
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Will Akoustis (AKTS) Report Negative Q4 Earnings? What You Should Know
- Akoustis (AKTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 08/16/2021
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3 Radio Frequency Stocks to Tap on Increasing Demand for 5G
- The pandemic-induced work-from-home wave and accelerated deployment of 5G enhance the prospects for the Zacks Semiconductors - Radio Frequency industry players like Skyworks (SWKS), Qorvo (QRVO) and Akoustis Technologies (AKTS).
- 08/03/2021
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Akoustis to Present at the 24th Annual Oppenheimer Technology, Internet and Communications Conference on August 9, 2021 at 1:15 pm ET
- Charlotte, N.C., Aug. 02, 2021 (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 senior management will attend the 24th Annual Oppenheimer Technology, Internet and Communications Conference which will take place virtually on August 9-11, 2021.
- 08/02/2021
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Akoustis Receives Volume Development Order from Tier-1 PC Chipset Company for a WiFi 6E Diplexer
- Charlotte, N.C., July 14, 2021 (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 it has received a development order for a WiFi 6E diplexer from a tier-1 personal computing chipset maker. The diplexer will leverage Akoustis' industry leading XBAW® WiFi 6E filter technology with first samples expected to ship by Q1 calendar 2022.
- 07/14/2021
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Akoustis Signs First Foundry Agreement with 5G Mobile RF Front-End Customer
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Akoustis Receives WiFi 6E Design Win from New Tier-1 Customer
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Akoustis CEO & Founder, Jeff Shealy, Scheduled to Appear on Fox Business Network's The Claman Countdown Today at 3:30 pm ET
- Charlotte, N.C., June 03, 2021 (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 its CEO & founder, Jeff Shealy, is scheduled to be a guest on the Fox Business Network's show, The Claman Countdown , today at 3:30 pm EDT.
- 06/03/2021
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U.S. Senate Majority Leader Charles E. Schumer to Speak Today at Akoustis Technologies' Semiconductor Wafer Fab in Upstate New York
- – Senator Schumer's Recently Introduced U.S. Innovation and Competition Act Would Provide $52 Billion in Funding to Implement Semiconductor-Related Manufacturing and R&D Programs –
- 06/02/2021
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Akoustis to Present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021 at 8:00 am ET
- Charlotte, N.C., May 10, 2021 (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 senior management will attend the 16th Annual Needham Virtual Technology & Media Conference on May 17-18, 2021.
- 05/10/2021
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Akoustis (AKTS) Reports Q3 Loss, Tops Revenue Estimates
- Akoustis (AKTS) delivered earnings and revenue surprises of 28.57% and 11.87%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/03/2021
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Akoustis Locks Process Flow for Second Wafer Level Package for XBAW Filters
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Akoustis Reports Record Third Quarter Fiscal 2021 Revenue
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Akoustis to Webcast Investor Update Call on May 3rd at 8:00 am ET
- Charlotte, N.C., April 26, 2021 (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, will host an investor update call to provide a business update and outlook on Monday, May 3, 2021 at 8:00 a.m. Eastern Time. Management will host a question-and-answer session at the end of the call.
- 04/26/2021
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Akoustis Filters Approved for Use in Multiple WiFi 6E Designs by 2nd Tier-1 SoC Vendor
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Akoustis to Present at the 33rd Annual Roth Conference Today
- Management Will Webcast a Fireside Chat at 11:00 am ET
- 03/15/2021
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Akoustis Announces Discharge of Indentures Associated with Convertible Notes
- Charlotte, N.C., March 08, 2021 (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 both indentures associated with its Convertible Notes (as defined below) have been discharged and all associated liens have been released.
- 03/08/2021
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Akoustis: Proprietary RF Filter Designs Are Penetrating Huge 5G/WiFi-6E Markets
- Akoustis Technologies' proprietary RF filter designs is penetrating into the huge 5G mobile/infrastructure, WiFi, and defense markets.
- 03/05/2021
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Akoustis to Present at the Loop Capital 2021 Consumer, Industrials & TMT Investor Conference on March 11-12
- Charlotte, N.C., March 04, 2021 (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 senior management will attend the Loop Capital 2021 Consumer, Industrials & TMT Investor Conference, which is being held virtually between March 11-12, 2021.
- 03/04/2021
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Akoustis Awarded New Design Win for XBAW Filters from New CBRS Customer
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Akoustis Technologies (AKTS) Enters Overbought Territory
- Akoustis Technologies (AKTS) has moved higher as of late, but there could definitely be trouble on the horizon for this company.
- 02/05/2021
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Akoustis (AKTS) Reports Q2 Loss, Tops Revenue Estimates
- Akoustis (AKTS) delivered earnings and revenue surprises of -22.22% and 25.53%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/01/2021
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Akoustis Locks Process Flow for First Wafer-Level-Chip-Scale Package (WLCSP) for XBAW Filters
- – New Packaging Solution Addresses Small Form Factor Requirements for 5G Mobile Devices –
- 02/01/2021
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Akoustis Reports Second Quarter Fiscal 2021 Results
- – Company Reports Revenue 30% Above Guidance – – Growing Customer Activity in 5G Mobile, WiFi, Infrastructure and Other Markets – – Akoustis to Accelerate Fab Expansion and Boost Capacity by an Additional 2X by CYE 2021 – – Company to Host Investor Update Call Today at 8:00 am Eastern –
- 02/01/2021
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Akoustis Receives Volume Order from a Third Tier-1 Customer for Its 5.5/6.5 GHz WiFi 6E XBAW Coexistence Filter Solutions
- – Tandem WiFi 6E BAW Coexistence RF Filters to Be Used in New MU-MIMO Router Product –
- 01/29/2021
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Akoustis Achieves Design-Lock on Tandem WiFi 6E BAW Coexistence Filter Solutions
- – Company's 5.5/6.5 GHz WiFi 6E XBAW Filters Offer Ultra-Wide Passband Performance in both 5 GHz and 6 GHz Unlicensed Bands –
- 01/27/2021
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Akoustis Issues Redemption Notice on Remaining $15 Million of Company's Outstanding 6.5% Convertible Senior Secured Notes Due 2023
- Charlotte, N.C., Jan. 26, 2021 (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 it has issued a redemption notice to the holders of the Company's outstanding $15,000,000 aggregate principal amount of 6.5% Convertible Senior Secured Notes due 2023 (the “Notes”), pursuant to the indenture governing the Notes. The Company will redeem all Notes that continue to be outstanding on March 1, 2021.
- 01/26/2021
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Will Akoustis (AKTS) Report Negative Q2 Earnings? What You Should Know
- Akoustis (AKTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/25/2021
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Akoustis to Webcast Investor Update Call on February 1st at 8:00 am ET
- Charlotte, N.C., Jan. 25, 2021 (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, will host an investor update call to provide a business update and outlook on Monday, February 1, 2021 at 8:00 a.m. Eastern Time. Management will host a question-and-answer session at the end of the call.
- 01/25/2021
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Akoustis to Present at the 23rd Annual Needham Virtual Growth Conference on January 11, 2021
- Charlotte, N.C., Jan. 05, 2021 (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 senior management will attend the 23rd Annual Needham Virtual Growth Conference on January 11, 2021.
- 01/05/2021
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Cutting-Edge Akoustis 5G And 6G RF Filters Equal High Growth Potential
- Akoustis announced a new customer order this week, adding to the operating business achievements of 2020. The stock quote has rocketed higher on the news.
- 12/18/2020
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Akoustis Receives First 5G Mobile Orders for XBAW Filters from New Tier-1 RF Solutions Provider
- – Orders for Development of Two XBAW Filters for 5G/WiFi Coexistence Devices Targeting Multiple OEMs and ODMs –
- 12/16/2020
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Akoustis Awarded New WiFi 6 RF Filter Design Win From a Third WiFi Customer
- – New XBAW Filter Design Win is for MU-MIMO Tri-Band WiFi Bridge Using 5.2/5.6 GHz XBAW Coexistence Solution – – Production Ramp Expected in 2nd Half of CY21 –
- 12/14/2020
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Akoustis Awarded WiFi 6 RF Filter Design Win from New Customer
- – New XBAW Design Win Supports New MU-MIMO Tri-Band Gateway/Router Using Company's 5.2/5.6 GHz Coexistence RF Filter Solution –
- 12/09/2020
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Akoustis to Present at the Oppenheimer 5G Summit on December 15, 2020
- Charlotte, N.C., Dec. 08, 2020 (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 senior management will attend the Oppenheimer 5G Summit on December 15, 2020.
- 12/08/2020
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Akoustis Issues Redemption Notice on $10 Million of Company's Outstanding 6.5% Convertible Senior Notes Due in 2023
- Charlotte, N.C., Dec. 07, 2020 (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 it has issued a redemption notice to the holders of the Company's outstanding $10,000,000 aggregate principal amount of 6.5% Convertible Senior Notes due 2023 (the “Notes”), pursuant to the indenture governing the Notes. The Company will redeem all Notes that continue to be outstanding on February 1, 2021.
- 12/07/2020
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SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Akoustis Technologies, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors
- NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Akoustis Technologies, Inc. (NASDAQ: AKTS). If...
- 11/30/2020
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Akoustis to Present at the Craig-Hallum Alpha Select Conference on November 17, 2020
- Charlotte, N.C., Nov. 10, 2020 (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 senior management will attend the Craig-Hallum Alpha Select Conference on November 17, 2020.
- 11/10/2020
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Akoustis to Present at the Roth Technology Virtual Event on November 11, 2020
- Charlotte, N.C., Nov. 04, 2020 (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 senior management will attend the Roth Technology Virtual Event on November 11, 2020.
- 11/04/2020
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Akoustis Reports First Quarter Fiscal 2021 Results
- – Company to Host Investor Update Call Today at 8:00 am Eastern –
- 11/02/2020
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Akoustis Awarded 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 – – Direct-to-Phase-2 Program to Facilitate MEMS Development, Produce Novel Piezoelectric Materials and Device Designs for Commercial and Defense Markets –
- 10/27/2020
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Akoustis Technologies Inc (AKTS) CEO Jeff Shealy on Q4 2020 Results - Earnings Call Transcript
- Akoustis Technologies Inc (NASDAQ:AKTS) Q4 2020 Earnings Conference Call August 24, 2020 08:00 AM ET Company Participants Tom Sepenzis - Vice President of Investor Relations Jeff Shealy - Founder and CEO Ken Boller - Interim CFO Dave Aichele - EVP of Business Development Conference Call Participants Rick Schafer - Oppenheimer Anthony Stoss - Craig-Hallum Capital Group Harsh Kumar - Piper Sandler Presentation Operator Good day, ladies and gentlemen, and welcome to the Akoustis Technologies Business Update Conference Call.
- 08/24/2020
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Akoustis Announces Industry’s First 6.5 GHz XBAW Filter for Emerging WiFi 6E
- – First Tandem WiFi 6E Micro Filter Coexistence Solution with 5.5 GHz and 6.5 GHz Filter Products – – With Its Ultra-Wideband 1.2 GHz Passband, XBAW Filter Covers Entire 5.9 to 7.1 GHz Unlicensed WiFi 6E Spectrum, Rejecting 5 GHz Unlicensed Bands – – Company Extends Product Leadership in Ultra-High Band WiFi 6 and WiFi 6E with Full Suite of 5 GHz and 6 GHz Solutions – Charlotte, N.C., Aug. 19, 2020 (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 it introduced the industry’s first ultra-wideband 6.5 GHz XBAWTM filter that covers the entire U-NII-5 to U-NII-8 bands of the new WiFi 6E unlicensed spectrum.When paired with the Company’s 5.5 GHz XBAW™ filter announced in early June, Akoustis can now provide the industry’s first complete BAW-based micro filter solution for the emerging WiFi 6E standard. The Company expects to announce sampling later this quarter and to have fully qualified 5.5 and 6.5 GHz XBAWTM filters by early calendar 2021. The potential market for the Company’s WiFi 6E filter solutions include dual-band to quad-band CPE WiFi routers as well as mobile handsets, laptops, tablets, and gaming devices as our wafer-level-packaging is completed later this year. Jeff Shealy, Founder and CEO of Akoustis, stated, “In anticipation of the next generation WiFi standard which promises to deliver higher data rates, we invested in the development of the industry’s first tandem ultra-wideband 5.5 and 6.5 GHz BAW-based coexistence filter solution covering the two WiFi 6E bands within the 5.1 to 7.1 GHz unlicensed spectrum. The engineering challenges in delivering these new filters include high frequency operation, ultra-wide bandwidth and high adjacent band rejection - leveraging key performance features of our XBAW™ filter technology.” Mr. Shealy continued, “The interest in WiFi 6E, and particularly in our new WiFi 6E filters, has grown dramatically over the past few months. By having the industry’s only 5.5 and 6.5 GHz tandem BAW-based filter solution, we expect that WiFi 6E will become one of our primary revenue growth drivers moving forward.”The new 6.5 GHz filter module announced today covers the 5.9 to 7.1 GHz spectrum with low power loss in the passband. This new RF filter solution will be offered as a standard catalog product, available to all potential customers. With ultra-wide bandwidth coverage of 1.2 GHz, it is the widest bandwidth BAW-based micro filter product available in the market for the 5.9 to 7.1 GHz unlicensed WiFi spectrum with fractional bandwidth of 18.2%. The 6.5 GHz high-performance XBAWTM filter module coexists with the existing 5 GHz WiFi band, outperforming the coexistence of all traditional LTCC and dielectric resonator filter technologies.The 6.5 GHz filter is designed and manufactured using the Company’s patented XBAWTM process and manufactured in the Company’s Si-MEMS Wafer Fab located in Canandaigua, NY. For sample and sales inquiries please contact: sales@akoustis.com.The FCC announced in April 2020 the approval of 5.9 to 7.1 GHz for unlicensed use, which is the largest spectrum addition since the FCC allocated unlicensed spectrum for WiFi in 1989. The next generation of WiFi that is expected to use these new frequency bands is called WiFi 6E. This approval will create another significant new band, or combination of bands, over the next several years. Akoustis has added 14 filters to its product catalog including a 5.6 GHz WiFi filter, a 5.2 GHz WiFi filter, a 5.5 GHz WiFi-6E filter, three small cell 5G network infrastructure filters including two Band n77 filters and one Band n79 filter, a 3.8 GHz filter and five S-Band filters for defense phased-array radar applications, a 3.6 GHz filter for the CBRS 5G infrastructure market and a C-Band filter for the unmanned aircraft systems (UAS) market. The Company is also developing several new filters for the sub-7 GHz bands targeting 5G mobile device, network infrastructure, WiFi CPE and defense markets.About Akoustis Technologies, Inc.Akoustis® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing to address the market requirements for improved RF filters - targeting higher bandwidth, higher operating frequencies and higher output power compared to incumbent polycrystalline BAW technology deployed today. The Company utilizes its proprietary XBAW manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is driven by the significant advances of high-purity, single-crystal and associated piezoelectric materials and the resonator-filter process technology which drives electro-mechanical coupling and translates to wide filter bandwidth. Akoustis plans to service the fast growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 120,000 sq. ft. ISO-9001:2015 certified commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility - tooled for 150-mm diameter wafers - for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.Forward-Looking StatementsThis document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. These forward-looking statements include, but are not limited to, statements about our estimates, expectations, beliefs, intentions, plans or strategies for the future (including our possible future results of operations, business strategies, competitive position, potential growth opportunities, potential market opportunities and the effects of competition), and the assumptions underlying such statements. Forward-looking statements include all statements that are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," “intend,” “forecast,” “seek,” "potential," "continue" and similar words, although some forward-looking statements are expressed differently. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, these forward-looking statements are based on management’s current beliefs, expectations and assumptions and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from those currently anticipated include, without limitation, risks relating to the results of our research and development activities, including uncertainties relating to semiconductor process manufacturing; the development of our XBAWTM technology and products presently under development and the anticipated timing of such development; our ability to protect our intellectual property rights that are valuable to our business, including patent and other intellectual property rights; our ability to successfully manufacture, market and sell products based on our technologies; the ability to achieve qualification of our products for commercial manufacturing in a timely manner and the size and growth of the potential markets for any products so qualified; the rate and degree of market acceptance of any of our products; our ability to achieve design wins from current and future customers; our ability to raise funding to support operations and the continued development and qualification of our products and the technologies underlying them; our ability to service our outstanding indebtedness; and the effects of a pandemic or epidemic or a natural disaster, including the Covid-19 pandemic. These and other risks and uncertainties are described in more detail in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company’s most recent Annual Report on Form 10-K and in subsequently filed Quarterly Reports on Form 10-Q. Considering these risks, uncertainties and assumptions, the forward-looking statements regarding future events and circumstances discussed in this document may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements included in this document speak only as of the date hereof and, except as required by law, we undertake no obligation to update publicly or privately any forward-looking statements, whether written or oral, for any reason after the date of this document to conform these statements to new information, actual results or to changes in our expectations. CONTACT: Contact: COMPANY: Tom Sepenzis Akoustis Technologies VP of Corporate Development & IR (980) 689-4961 tsepenzis@akoustis.com The Del Mar Consulting Group, Inc. Robert B. Prag, President (858) 794-9500 bprag@delmarconsulting.com
- 08/19/2020
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Akoustis to Webcast Investor Update Call on August 24th at 8:00 a.m. ET
- Charlotte, N.C., Aug. 10, 2020 (GLOBE NEWSWIRE) -- Akoustis, 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, will host an investor update call to provide a business update and outlook on Monday, August 24, 2020 at 8:00 a.m. Eastern Time. Management will host a question and answer session at the end of the call.To listen to the call by telephone, please dial 877-407-3982 (domestic) or 201-493-6780 (international). The conference call will be webcast live on the Company’s website and will be available for playback at the following URL: https://ir.akoustis.com/news-events/ir-calendar.Akoustis’ high frequency, high performance XBAW process and filters are experiencing growing interest as the Company prepares to enter production in multiple markets in calendar 2020, including 5G network infrastructure, high-band WiFi and phased-array radar applications.Akoustis has added 14 filters to its product catalog including a 5.6 GHz WiFi filter, a 5.2 GHz WiFi filter, a 5.5 GHz WiFi-6E filter, three small cell 5G network infrastructure filters including two Band n77 filters and one Band n79 filter, a 3.8 GHz filter and five S-Band filters for defense phased-array radar applications, a 3.6 GHz filter for the CBRS 5G infrastructure market and a C-Band filter for the unmanned aircraft systems (UAS) market. The Company is also developing several new filters for the sub-7 GHz bands targeting 5G mobile device, network infrastructure, WiFi CPE and defense markets.About Akoustis Technologies, Inc.Akoustis® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing to address the market requirements for improved RF filters - targeting higher bandwidth, higher operating frequencies and higher output power compared to incumbent polycrystalline BAW technology deployed today. The Company utilizes its proprietary XBAW manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is driven by the significant advances of high-purity, single-crystal and associated piezoelectric materials and the resonator-filter process technology which drives electro-mechanical coupling and translates to wide filter bandwidth. Akoustis plans to service the fast growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 120,000 sq. ft. ISO-9001:2015 certified commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility - tooled for 150-mm diameter wafers - for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.Forward-Looking StatementsThis document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. These forward-looking statements include, but are not limited to, statements about our estimates, expectations, beliefs, intentions, plans or strategies for the future (including our possible future results of operations, business strategies, competitive position, potential growth opportunities, potential market opportunities and the effects of competition), and the assumptions underlying such statements. Forward-looking statements include all statements that are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," “intend,” “forecast,” “seek,” "potential," "continue" and similar words, although some forward-looking statements are expressed differently. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, these forward-looking statements are based on management’s current beliefs, expectations and assumptions and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from those currently anticipated include, without limitation, risks relating to the results of our research and development activities, including uncertainties relating to semiconductor process manufacturing; the development of our XBAWTM technology and products presently under development and the anticipated timing of such development; our ability to protect our intellectual property rights that are valuable to our business, including patent and other intellectual property rights; our ability to successfully manufacture, market and sell products based on our technologies; the ability to achieve qualification of our products for commercial manufacturing in a timely manner and the size and growth of the potential markets for any products so qualified; the rate and degree of market acceptance of any of our products; our ability to achieve design wins from current and future customers; our ability to raise funding to support operations and the continued development and qualification of our products and the technologies underlying them; our ability to service our outstanding indebtedness; and the effects of a pandemic or epidemic or a natural disaster, including the Covid-19 pandemic. These and other risks and uncertainties are described in more detail in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company’s most recent Annual Report on Form 10-K and in subsequently filed Quarterly Reports on Form 10-Q. Considering these risks, uncertainties and assumptions, the forward-looking statements regarding future events and circumstances discussed in this document may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements included in this document speak only as of the date hereof and, except as required by law, we undertake no obligation to update publicly or privately any forward-looking statements, whether written or oral, for any reason after the date of this document to conform these statements to new information, actual results or to changes in our expectations. CONTACT: Contact: COMPANY: Tom Sepenzis Akoustis, Inc. VP of Corporate Development & IR (980) 689-4961 tsepenzis@akoustis.com The Del Mar Consulting Group, Inc. Robert B. Prag, President (858) 794-9500 bprag@delmarconsulting.com
- 08/10/2020
|
Akoustis to Participate in the 23rd Annual Oppenheimer Technology, Internet & Communications Conference on August 11, 2020
- Charlotte, N.C., Aug. 04, 2020 (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 management will attend the 23rd Annual Oppenheimer Technology, Internet & Communications Conference which will be held virtually on August 11-12, 2020.Meetings will take place virtually on August 11, 2020 given the ongoing call for social distancing due to the Covid-19 pandemic. Investors that would like to schedule a meeting with Akoustis management should contact their Oppenheimer sales representative or Akoustis’ investor relations at: ir@akoustis.com.Akoustis’ high frequency, high performance XBAW process and filters are experiencing growing interest as the Company prepares to enter production in multiple markets in calendar 2020, including 5G network infrastructure, high-band WiFi and phased-array radar applications.Akoustis has added 14 filters to its product catalog including a 5.6 GHz WiFi filter, a 5.2 GHz WiFi filter, a 5.5 GHz WiFi-6E filter, three small cell 5G network infrastructure filters including two Band n77 filters and one Band n79 filter, a 3.8 GHz filter and five S-Band filters for defense phased-array radar applications, a 3.6 GHz filter for the CBRS 5G infrastructure market and a C-Band filter for the unmanned aircraft systems (UAS) market. The Company is also developing several new filters for the sub-7 GHz bands targeting 5G mobile device, network infrastructure, WiFi CPE and defense markets.About Akoustis Technologies, Inc.Akoustis® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing to address the market requirements for improved RF filters - targeting higher bandwidth, higher operating frequencies and higher output power compared to incumbent polycrystalline BAW technology deployed today. The Company utilizes its proprietary XBAW manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is driven by the significant advances of high-purity, single-crystal and associated piezoelectric materials and the resonator-filter process technology which drives electro-mechanical coupling and translates to wide filter bandwidth. Akoustis plans to service the fast growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 120,000 sq. ft. ISO-9001:2015 certified commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility - tooled for 150-mm diameter wafers - for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.Forward-Looking StatementsThis document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. These forward-looking statements include, but are not limited to, statements about our estimates, expectations, beliefs, intentions, plans or strategies for the future (including our possible future results of operations, business strategies, competitive position, potential growth opportunities, potential market opportunities and the effects of competition), and the assumptions underlying such statements. Forward-looking statements include all statements that are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," “intend,” “forecast,” “seek,” "potential," "continue" and similar words, although some forward-looking statements are expressed differently. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, these forward-looking statements are based on management’s current beliefs, expectations and assumptions and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from those currently anticipated include, without limitation, risks relating to the results of our research and development activities, including uncertainties relating to semiconductor process manufacturing; the development of our XBAWTM technology and products presently under development and the anticipated timing of such development; our ability to protect our intellectual property rights that are valuable to our business, including patent and other intellectual property rights; our ability to successfully manufacture, market and sell products based on our technologies; the ability to achieve qualification of our products for commercial manufacturing in a timely manner and the size and growth of the potential markets for any products so qualified; the rate and degree of market acceptance of any of our products; our ability to achieve design wins from current and future customers; our ability to raise funding to support operations and the continued development and qualification of our products and the technologies underlying them; our ability to service our outstanding indebtedness; and the effects of a pandemic or epidemic or a natural disaster, including the Covid-19 pandemic. These and other risks and uncertainties are described in more detail in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company’s most recent Annual Report on Form 10-K and in subsequently filed Quarterly Reports on Form 10-Q. Considering these risks, uncertainties and assumptions, the forward-looking statements regarding future events and circumstances discussed in this document may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements included in this document speak only as of the date hereof and, except as required by law, we undertake no obligation to update publicly or privately any forward-looking statements, whether written or oral, for any reason after the date of this document to conform these statements to new information, actual results or to changes in our expectations. CONTACT: CONTACT COMPANY: Tom Sepenzis Akoustis Technologies VP of Corporate Development & IR (980) 689-4961 tsepenzis@akoustis.com The Del Mar Consulting Group, Inc. Robert B. Prag, President (858) 794-9500 bprag@delmarconsulting.com
- 08/04/2020
|
Akoustis to Attend the IMS2020 Virtual Conference Event on August 4-6, 2020
- \- Showcasing Akoustis’ XBAW Technology and Filter Products – \- BAW Filter Solutions for 5G Network Infrastructure, WiFi 6 & 6E and Defense Applications - Charlotte, N.C., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Akoustis, 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, will attend the IEEE MTT-S International Microwave Symposium (IMS2020) which will be held virtually between August 4-6th, 2020.Meetings will take place virtually given the ongoing call for social distancing due to the Covid-19 pandemic. Akoustis will be hosting the virtual booth August 4-6th, 2020 with the following live hours: * 9am – 1:00pm PDT (Europe Focused) * 1pm – 5:30pm PDT (USA Focused) * 5:30pm – 9:00pm PDT (Asia Focused)Akoustis will present its XBAW™ technology and BAW filter solutions targeting 5G small cell, WiFi 6 & WiFi 6E, Defense and Drone applications, per the following schedule: Tuesday August 4thWednesday August 5thThursday August 6th 10:00am PDTFixed WiFiDefense5G Infrastructure 02:00pm PDTDefense5G InfrastructureFixed WiFi 07:00pm PDT5G Infrastructure Fixed WiFiDefense Individuals interested in meeting with Akoustis at IMS2020 can register at the following link IMS2020 Attendee Registration. Customers, partners and investors that would like to set up a virtual meeting with the Akoustis team at IMS2020 should contact sales@akoustis.com.Akoustis’ high frequency, high performance XBAW process and filters are experiencing growing interest as the Company prepares to enter production in multiple markets in calendar 2020, including 5G network infrastructure, high-band WiFi and phased-array radar applications.Akoustis has added 14 filters to its product catalog including a 5.6 GHz WiFi filter, a 5.2 GHz WiFi filter, a 5.5 GHz WiFi-6E filter, three small cell 5G network infrastructure filters including two Band n77 filters and one Band n79 filter, a 3.8 GHz filter and five S-Band filters for defense phased-array radar applications, a 3.6 GHz filter for the CBRS 5G infrastructure market and a C-Band filter for the unmanned aircraft systems (UAS) market. The Company is also developing several new filters for the sub-7 GHz bands targeting 5G mobile device, network infrastructure, WiFi CPE and defense markets.About Akoustis Technologies, Inc.Akoustis® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing to address the market requirements for improved RF filters - targeting higher bandwidth, higher operating frequencies and higher output power compared to incumbent polycrystalline BAW technology deployed today. The Company utilizes its proprietary XBAW manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is driven by the significant advances of high-purity, single-crystal and associated piezoelectric materials and the resonator-filter process technology which drives electro-mechanical coupling and translates to wide filter bandwidth. Akoustis plans to service the fast growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 120,000 sq. ft. ISO-9001:2015 certified commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility - tooled for 150-mm diameter wafers - for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.Forward-Looking StatementsThis document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. These forward-looking statements include, but are not limited to, statements about our estimates, expectations, beliefs, intentions, plans or strategies for the future (including our possible future results of operations, business strategies, competitive position, potential growth opportunities, potential market opportunities and the effects of competition), and the assumptions underlying such statements. Forward-looking statements include all statements that are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," “intend,” “forecast,” “seek,” "potential," "continue" and similar words, although some forward-looking statements are expressed differently. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, these forward-looking statements are based on management’s current beliefs, expectations and assumptions and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from those currently anticipated include, without limitation, risks relating to the results of our research and development activities, including uncertainties relating to semiconductor process manufacturing; the development of our XBAWTM technology and products presently under development and the anticipated timing of such development; our ability to protect our intellectual property rights that are valuable to our business, including patent and other intellectual property rights; our ability to successfully manufacture, market and sell products based on our technologies; the ability to achieve qualification of our products for commercial manufacturing in a timely manner and the size and growth of the potential markets for any products so qualified; the rate and degree of market acceptance of any of our products; our ability to achieve design wins from current and future customers; our ability to raise funding to support operations and the continued development and qualification of our products and the technologies underlying them; our ability to service our outstanding indebtedness; and the effects of a pandemic or epidemic or a natural disaster, including the Covid-19 pandemic. These and other risks and uncertainties are described in more detail in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company’s most recent Annual Report on Form 10-K and in subsequently filed Quarterly Reports on Form 10-Q. Considering these risks, uncertainties and assumptions, the forward-looking statements regarding future events and circumstances discussed in this document may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements included in this document speak only as of the date hereof and, except as required by law, we undertake no obligation to update publicly or privately any forward-looking statements, whether written or oral, for any reason after the date of this document to conform these statements to new information, actual results or to changes in our expectations. CONTACT: Contact: COMPANY: Tom Sepenzis Akoustis Technologies VP of Corporate Development & IR (980) 689-4961 tsepenzis@akoustis.com The Del Mar Consulting Group, Inc. Robert B. Prag, President (858) 794-9500 bprag@delmarconsulting.com
- 08/03/2020
|
Akoustis Technologies Inc (NASDAQ:AKTS) Director Jeffrey Mcmahon Sells 20,000 Shares
- Akoustis Technologies Inc (NASDAQ:AKTS) Director Jeffrey Mcmahon sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $8.04, for a total value of $160,800.00. Following the transaction, the director now owns 514,338 shares of the company’s stock, valued at approximately […]
- 07/27/2020
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Akoustis Technologies Inc (NASDAQ:AKTS) EVP David Aichele Sells 2,350 Shares
- Akoustis Technologies Inc (NASDAQ:AKTS) EVP David Aichele sold 2,350 shares of the stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of $7.79, for a total transaction of $18,306.50. Following the completion of the transaction, the executive vice president now owns 171,821 shares of the company’s stock, valued […]
- 07/19/2020
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Is Akoustis Technologies (NASDAQ:AKTS) Using Debt Sensibly?
- The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
- 07/07/2020
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Akoustis Technologies (NASDAQ:AKTS) Downgraded to “Sell” at Zacks Investment Research
- Akoustis Technologies (NASDAQ:AKTS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday, Zacks.com reports. According to Zacks, “Akoustis Technologies, Inc. is a semiconductor designer and manufacturer of radio frequency resonators and filters which facilitate signal acquisition and accelerate band performance between the antenna […]
- 07/01/2020
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Deutsche Bank AG Has $1.90 Million Stake in Akoustis Technologies Inc (NASDAQ:AKTS)
- Deutsche Bank AG decreased its stake in shares of Akoustis Technologies Inc (NASDAQ:AKTS) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 354,524 shares of the technology company’s stock after selling 1,507 shares during the quarter. Deutsche Bank AG owned […]
- 06/26/2020
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Akoustis Technologies (AKTS) Gets a Buy Rating from Oppenheimer - Markets
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Akoustis Technologies (AKTS – Research Report) today and set a price
- 06/24/2020
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Akoustis Announces Second 5G Network Infrastructure Design Win with Tier-1 OEM
- – Band n77 RF Filter Solution Qualified and Designed into 5G Small Cell Product – – New XBAW Filter Expected to Enter Production in Current Calendar Year – Charlotte,.
- 06/24/2020
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Oppenheimer Believes Nvidia (NASDAQ: NVDA) Still Has Room to Grow - Markets
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Nvidia (NVDA – Research Report) yesterday and set a price target
- 06/24/2020
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Akoustis Technologies (NASDAQ:AKTS) Stock Rating Upgraded by Zacks Investment Research
- Akoustis Technologies (NASDAQ:AKTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday, Zacks.com reports. According to Zacks, “Akoustis Technologies, Inc. is a semiconductor designer and manufacturer of radio frequency resonators and filters which facilitate signal acquisition and accelerate band performance between the antenna […]
- 06/24/2020
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Akoustis Technologies (NASDAQ:AKTS) Trading Up 6%
- Akoustis Technologies Inc (NASDAQ:AKTS)’s stock price was up 6% during mid-day trading on Thursday . The stock traded as high as $8.38 and last traded at $8.09, approximately 975,430 shares were traded during mid-day trading. An increase of 53% from the average daily volume of 638,348 shares. The stock had previously closed at $7.63. Several […]
- 06/20/2020
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Akoustis Signs Strategic Purchase Agreement with New Tier-1 OEM for WiFi 6E
- – Includes Development of Multiple XBAW RF Filters for Multi-Band MU-MIMO Architectures –
– Next Generation Filters Target Newly Approved 6 GHz Unlicensed
- 06/11/2020
|
Intel (INTC) Receives a Rating Update from a Top Analyst - Markets
- In a report released yesterday, Rick Schafer from Oppenheimer maintained a Hold rating on Intel (INTC – Research Report). The
- 06/11/2020
|
Analog Devices (ADI) Receives a New Rating from a Top Analyst - Markets
- Oppenheimer analyst Rick Schafer assigned a Buy rating to Analog Devices (ADI – Research Report) yesterday and set a price
- 06/11/2020
|
Maxim Integrated (MXIM) Receives a Hold from Oppenheimer - Markets
- In a report released yesterday, Rick Schafer from Oppenheimer assigned a Hold rating to Maxim Integrated (MXIM – Research Report).
- 06/11/2020
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Oppenheimer Believes Monolithic Power (NASDAQ: MPWR) Won't Stop Here - Markets
- In a report released yesterday, Rick Schafer from Oppenheimer assigned a Buy rating to Monolithic Power (MPWR – Research Report),
- 06/11/2020
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Akoustis Announces First 5.5 GHz XBAW Filter and Sample Shipments for WiFi 6E
- – Company Extends Product Leadership in 5 GHz BAW-Based RF Filters for New WiFi Specification –– XBAW RF Filter Module Covers Full 5 GHz Unlicensed WiFi 6E Spectrum, Rejecting.
- 06/08/2020
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Akoustis Appoints New Vice President of Global Sales
- – New Role Expands Executive Leadership with Experienced RF Professional –– Focus on Increasing Customer Engagements, Accelerating Revenue of Growing Portfolio of XBAW Filters –.
- 06/02/2020
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Hedge Funds Cashed Out Of Akoustis Technologies, Inc. (AKTS)
- We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]
- 05/27/2020
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Akoustis to Participate in the 17th Annual Craig-Hallum Institutional Investor Conference on May 27, 2020
- Charlotte, N.C., May 19, 2020 -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic.
- 05/19/2020
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Analyst Forecasts Just Got A Whole Lot More Bearish On Akoustis Technologies, Inc. (NASDAQ:AKTS)
- Market forces rained on the parade of Akoustis Technologies, Inc. (NASDAQ:AKTS) shareholders today, when the analysts...
- 05/11/2020
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Akoustis Announces Third 5G Network Infrastructure Filter Product and Ships Samples to Tier-1 Customer
- – New 5G Band n77 XBAW™ Filter for Small Cell Base Station Applications –– Expands Product Portfolio to Thirteen XBAW RF Filters –– Company Expects Second 5G Network Filter.
- 05/08/2020
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Akoustis Technologies, Inc. (AKTS) Q3 2020 Earnings Call Transcript
- Image source: The Motley Fool. Akoustis Technologies, Inc. (NASDAQ: AKTS)Q3 2020 Earnings CallMay 4, 2020, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, ladies and gentlemen, and welcome to the Akoustis Technologies Business Update Conference Call.
- 05/04/2020
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Akoustis Announces First Tri-Band WiFi CPE Design Win and Filter Orders with Tier-1 OEM
- – Second Commercial Design Win for XBAW Filters in Past 30 Days –– Two Bands, Multiple XBAW Filters per WiFi CPE Supporting up to 4x4 MU-MIMO –– Three High Volume Purchase.
- 05/04/2020
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Akoustis Reports Third Quarter FY20 Results
- – Company to Host Investor Update Call Today at 8:00 am ET – Charlotte, N.C., May 04, 2020 -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the.
- 05/04/2020
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Akoustis to Participate in the 5th Annual Oppenheimer Emerging Growth Conference on May 12, 2020
- Charlotte, N.C., May 04, 2020 -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic.
- 05/04/2020
|
Akoustis Achieves Design Lock and Ships Its Drone XBAW Filter
- – Company’s 12th Commercially Available XBAW Filter –– New Drone Filter was Designed and Shipped to Customer Within Three Months –– Company Rapidly Expanding Its Filter Product.
- 04/29/2020
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Oppenheimer Sticks to Their Hold Rating for Skyworks Solutions (SWKS)
- Oppenheimer analyst Rick Schafer maintained a Hold rating on Skyworks Solutions (SWKS) today. The company's shares closed last Monday at $98.06. According
- 04/27/2020
|
Oppenheimer Sticks to Their Hold Rating for Skyworks Solutions (SWKS)
- Oppenheimer analyst
Rick Schafer
maintained a
Hold
rating on Skyworks Solutions (
SWKS
–
Research Report
) today. The company’s shares closed last Monday at $98.06.
According to
TipRanks.com
, Schafer is a top 25 analyst with an average return of
18.
- 04/27/2020
|
Maxim Integrated (MXIM) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Hold rating on Maxim Integrated (MXIM) today. The company's shares closed last Monday at $54.57. According
- 04/27/2020
|
Intel (INTC) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Hold rating on Intel (INTC) today. The company's shares closed last Monday at $58.99. According to
- 04/27/2020
|
Oppenheimer Keeps Their Hold Rating on Qorvo (QRVO)
- In a report released today, Rick Schafer from Oppenheimer maintained a Hold rating on Qorvo (QRVO). The company's shares closed last Monday at $90.99.
- 04/27/2020
|
Advanced Micro Devices (AMD) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Hold rating on Advanced Micro Devices (AMD) today. The company's shares closed last Monday at $56.80, close
- 04/27/2020
|
Cirrus Logic (CRUS) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Hold rating on Cirrus Logic (CRUS) today. The company's shares closed last Monday at $72.65. According to
- 04/27/2020
|
Qualcomm (QCOM) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Hold rating on Qualcomm (QCOM) today. The company's shares closed last Monday at $75.95. According to
- 04/27/2020
|
NXP Semiconductors (NXPI) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Hold rating on NXP Semiconductors (NXPI) today. The company's shares closed last Monday at $95.83. According
- 04/27/2020
|
Marvell (MRVL) Received its Third Buy in a Row
- After Merrill Lynch and Needham gave Marvell (NASDAQ: MRVL) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst
- 04/27/2020
|
Semtech (SMTC) Receives a Rating Update from a Top Analyst
- In a report released today, Rick Schafer from Oppenheimer maintained a Buy rating on Semtech (SMTC), with a price target of $52.00. The company's shares
- 04/27/2020
|
Oppenheimer Sticks to Its Buy Rating for Analog Devices (ADI)
- In a report released today, Rick Schafer from Oppenheimer maintained a Buy rating on Analog Devices (ADI), with a price target of $140.00. The company's
- 04/27/2020
|
Oppenheimer Sticks to Its Buy Rating for Analog Devices (ADI)
- In a report released today,
Rick Schafer
from Oppenheimer maintained a
Buy
rating on Analog Devices (
ADI
–
Research Report
), with a price target of
$140.00
. The company’s shares closed last Monday at $107.85.
According to
TipRanks.com
, Schafer is
- 04/27/2020
|
Texas Instruments (TXN) Receives a Buy from Oppenheimer
- In a report released today, Rick Schafer from Oppenheimer maintained a Buy rating on Texas Instruments (TXN), with a price target of $140.00. The
- 04/27/2020
|
Oppenheimer Believes Nvidia (NVDA) Still Has Room to Grow
- In a report released today, Rick Schafer from Oppenheimer maintained a Buy rating on Nvidia (NVDA), with a price target of $350.00. The company's shares
- 04/27/2020
|
Oppenheimer Believes Nvidia (NASDAQ: NVDA) Still Has Room to Grow
- In a report released today,
Rick Schafer
from Oppenheimer maintained a
Buy
rating on Nvidia (
NVDA
–
Research Report
), with a price target of
$350.00
. The company’s shares closed last Monday at $296.85, close to its 52-week high of $316.33.
Accordi
- 04/27/2020
|
Analysts Offer Insights on Technology Companies: Lyft (LYFT) and Broadcom (AVGO)
- There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Lyft (LYFT) and Broadcom (AVGO) with bullish sentiments.
- 04/27/2020
|
Analysts Offer Insights on Technology Companies: Lyft (NASDAQ: LYFT) and Broadcom (NASDAQ: AVGO)
- There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Lyft (
LYFT
–
Research Report
) and Broadcom (
AVGO
–
Research Report
) with bullish sentiments.
Lyft (LYFT)
In a report released today,
Justin Patterson
f
- 04/27/2020
|
Akoustis to Webcast Investor Update Call May 4th at 8:00 a.m. ET
- Charlotte, N.C., April 27, 2020 -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic.
- 04/27/2020
|
Oppenheimer Believes Monolithic Power (MPWR) Won't Stop Here
- In a report released today, Rick Schafer from Oppenheimer assigned a Buy rating to Monolithic Power (MPWR), with a price target of $200.00. The company's
- 04/27/2020
|
Oppenheimer Believes Monolithic Power (NASDAQ: MPWR) Won’t Stop Here
- In a report released today, Rick Schafer from Oppenheimer assigned a Buy rating to Monolithic Power (MPWR – Research Report),
- 04/27/2020
|
Has Akoustis Technologies (AKTS) Outpaced Other Computer and Technology Stocks This Year?
- Is (AKTS) Outperforming Other Computer and Technology Stocks This Year?
- 04/24/2020
|
Analysts Conflicted on These Technology Names: Intel (INTC) and Alliance Data Systems (ADS)
- Analysts have been eager to weigh in on the Technology sector with new ratings on Intel (INTC) and Alliance Data Systems (ADS). Intel (INTC) In a report
- 04/24/2020
|
Analysts Conflicted on These Technology Names: Intel (NASDAQ: INTC) and Alliance Data Systems (NYSE: ADS)
- Analysts have been eager to weigh in on the Technology sector with new ratings on Intel (INTC – Research Report)
- 04/24/2020
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Imagine Owning Akoustis Technologies (NASDAQ:AKTS) And Wondering If The 27% Share Price Slide Is Justified
- Over the last month the Akoustis Technologies, Inc. (NASDAQ:AKTS) has been much stronger than before, rebounding by...
- 04/23/2020
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Texas Instruments (TXN): New Buy Recommendation for This Technology Giant
- In a report released yesterday, Rick Schafer from Oppenheimer maintained a Buy rating on Texas Instruments (TXN), with a price target of $120.00. The
- 04/22/2020
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Texas Instruments (TXN): New Buy Recommendation for This Technology Giant
- In a report released yesterday,
Rick Schafer
from Oppenheimer maintained a
Buy
rating on Texas Instruments (
TXN
–
Research Report
), with a price target of
$120.00
. The company’s shares closed last Tuesday at $106.84.
According to
TipRanks.com
, Sc
- 04/22/2020
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Analysts Offer Insights on Consumer Goods Companies: The Lovesac Company (LOVE) and Texas Instruments (TXN)
- There's a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on The Lovesac Company (LOVE) and Texas Instruments (TXN)
- 04/17/2020
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Analysts Offer Insights on Consumer Goods Companies: The Lovesac Company (NASDAQ: LOVE) and Texas Instruments (NASDAQ: TXN)
- There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on The
- 04/17/2020
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Nvidia (NVDA) Gets a Buy Rating from Oppenheimer
- In a report released yesterday, Rick Schafer from Oppenheimer maintained a Buy rating on Nvidia (NVDA), with a price target of $350.00. The company's
- 04/17/2020
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Skyworks Solutions (SWKS) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Hold rating on Skyworks Solutions (SWKS) today. The company's shares closed last Tuesday at $94.53.
- 04/14/2020
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Skyworks Solutions (SWKS) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Hold rating on Skyworks Solutions (SWKS – Research Report) today. The company’s shares closed
- 04/14/2020
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Akoustis (AKTS) Catches Eye: Stock Jumps 7.7%
- Akoustis (AKTS) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.
- 04/14/2020
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Akoustis Technologies (AKTS) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Akoustis Technologies (AKTS) today and set a price target of $10.00. The company's shares
- 04/08/2020
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Akoustis Technologies (AKTS) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Akoustis Technologies (AKTS – Research Report) today and set a price
- 04/08/2020
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Akoustis Announces First 5G Network Infrastructure Design Win with Tier-1 OEM
- – XBAW Filters Qualified and Designed into 5G Small Cell Product by Tier-1 Customer –– Shipped XBAW Filters for 5G Small Cell Base Station Network Equipment in Q1 CY20 ––.
- 04/08/2020
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NXP Semiconductors (NXPI) Receives a Rating Update from a Top Analyst
- In a report released today, Rick Schafer from Oppenheimer maintained a Hold rating on NXP Semiconductors (NXPI). The company's shares closed last Tuesday
- 04/07/2020
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NXP Semiconductors (NXPI) Receives a Rating Update from a Top Analyst
- In a report released today, Rick Schafer from Oppenheimer maintained a Hold rating on NXP Semiconductors (NXPI – Research Report).
- 04/07/2020
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Broadcom (AVGO) Receives a Buy from Oppenheimer
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Broadcom (AVGO) today and set a price target of $350.00. The company's shares closed last
- 04/06/2020
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Oppenheimer Remains a Buy on Akoustis Technologies (AKTS)
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Akoustis Technologies (AKTS) today and set a price target of $10.00. The company's shares
- 03/26/2020
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Oppenheimer Remains a Buy on Akoustis Technologies (AKTS)
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Akoustis Technologies (AKTS – Research Report) today and set a price
- 03/26/2020
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Oppenheimer Reaffirms Their Buy Rating on Analog Devices (ADI)
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Analog Devices (ADI) today and set a price target of $140.00. The company's shares closed last
- 03/26/2020
|
Oppenheimer Reaffirms Their Buy Rating on Analog Devices (ADI)
- Oppenheimer analyst
Rick Schafer
maintained a
Buy
rating on Analog Devices (
ADI
–
Research Report
) today and set a price target of
$140.00
. The company’s shares closed last Monday at $93.05.
According to
TipRanks.com
, Schafer is a top 100 analyst
- 03/26/2020
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Nvidia (NVDA) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Nvidia (NVDA) yesterday and set a price target of $350.00. The company's shares closed last
- 03/25/2020
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Nvidia (NVDA) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Nvidia (NVDA – Research Report) yesterday and set a price target
- 03/25/2020
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Trade Alert: The Co-Chairman of the Board Of Akoustis Technologies, Inc. (NASDAQ:AKTS), Jerry Neal, Has Just Spent US$106k Buying Shares
- Investors who take an interest in Akoustis Technologies, Inc. (NASDAQ:AKTS) should definitely note that the...
- 03/18/2020
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Semtech (SMTC) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Semtech (SMTC) today and set a price target of $52.00. The company's shares closed last Monday
- 03/12/2020
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Semtech (SMTC) Receives a Rating Update from a Top Analyst
- Oppenheimer analyst Rick Schafer maintained a Buy rating on Semtech (SMTC – Research Report) today and set a price target
- 03/12/2020
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Oppenheimer Keeps Their Buy Rating on Monolithic Power (MPWR)
- In a report released today, Rick Schafer from Oppenheimer maintained a Buy rating on Monolithic Power (MPWR), with a price target of $200.00. The
- 03/11/2020
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Oppenheimer Reaffirms Their Buy Rating on Semtech (SMTC)
- In a report released today, Rick Schafer from Oppenheimer maintained a Buy rating on Semtech (SMTC), with a price target of $52.00. The company's shares
- 03/06/2020
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Akoustis to Present at the 2020 LD Micro Virtual Conference on March 3rd at 4:20 PM ET
- You can access the live presentation at the following link: Akoustis presentation. "We are delighted to be hosting our third virtual event in order to showcase some of the truly unique names in micro-cap" stated Chris Lahiji, President of LD Micro.
- 03/02/2020
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Analysts: These 3 Tech Stocks Won’t Stay Under-the-Radar for Long
- It’s no secret that the markets had a great year in 2019. The S&P; 500 rose 29% by year’s end, and the NASDAQ, with its heavy emphasis on tech stocks, performed even better, growing 35% for the year. In a curious demonstration of uneven gains, just two companies – Apple and Microsoft – accounted for 15% of the S&P;’s total annual gains.Are the good times over, though? The markets appear to be slowing so far this year, and analysts are predicting only a 3% to 5% gain by the end of 2020. Headwinds are forming, as the coronavirus outbreak impinges on trade and travel patterns in Asia as well as a growing list of other regions. The impact has been particularly felt in the tech sector, where companies generally have more exposure to China.But this doesn’t mean that investors should steer clear of tech. There are still plenty of Buy-rated choices available – if you’re willing to look a little deeper. We’ve used the Stock Screener tool from TipRanks to pull up three such stocks, small-cap companies with upside potential in excess of 20%. Here are the results.Allot, Ltd. (ALLT)We’ll start with Allot, a cloud computing company focused on network intelligence and security solutions. The company’s products include security as a service (SECaaS), DOS protection, and network intelligence and traffic management. Allot is a fast-growing company in the cloud software niche, as shown by the recently reported Q4 2019 results.The company reported Q4 revenue grew 14% year-over-year to reach $30.6 million, with annual revenues of $110.1 million reflecting a 15% increase. Like many small-cap tech companies, Allot reported a net loss per share in the quarter, of 5 cents. This didn’t scare off investors as the stock is up 41% so far this year.Looking ahead, Allot is confident in its ability to drive continued growth. Management reported a bookings backlog worth $138 million – a sign that customer interest remains strong. Projecting the backlog will lend itself to future sales, the company guides for 2020 revenue in the range of $135 million to $140 million.Covering this stock for Needham, 5-star analyst Alex Henderson has given ALLT a Buy rating and a rare double price target increase this month. He initially raised his target from $9.50 to $11.50, but has since lifted it to $15. In total, that’s a 58% increase in his outlook for the stock, and suggests a 26% upside potential. (To watch Henderson’s track record, click here)Supporting his stance, Henderson says, “We… forecast accelerating revenue growth in 2020, and believe that it needs to sustain its pace of subscription wins after the stock nearly doubled over the past 18 months. Allot Communications should succeed given its robust pipeline of leads and the adoption intent of its customers regarding its Security subscription businesses.”As a smaller tech company, with a market cap of $410.5 million, ALLT shares have escaped intense scrutiny from Wall Street’s analysts. The review by Henderson is currently the only one in the TipRanks database – but it does indicate a clear path forward for the stock. (See Allot stock analysis on TipRanks) Akoustis Technologies, Inc. (AKTS)Next on today’s list is Akoustis, a provider of the crystal-based piezoelectric components of bulk acoustic wave (BAW) filters commonly used in mobile wireless devices, including smartphones. It’s a specialty niche, but a profitable one, and AKTS saw share gains of 61% in 2019.Following up on its fiscal Q1 moves, Akoustis realized over $32 million in net cash from a common stock issuance. The success of the stock sale gives the company a healthy balance sheet moving forward, important as total revenues, while in line with guidance, were flat sequentially. The net loss per share in the quarter was 21 cents, which was less severe than the 24 cents expected. AKTS shares are up 12% since the earnings release.Sujeeva De Silva, 5-star analyst with Roth Capital, is bullish on AKTS. He writes, “[We are] encouraged by initial volume orders from infrastructure customers, and expect infrastructure customer ramp to commence in the June quarter with WiFi customer ramps starting in the September quarter. The company's revenue guidance reflects expectation for volume filter revenue ramp in the mid-to-late CY20 timeframe…”In line with his optimistic outlook, De Silva puts a Buy rating on the stock, along with a $10 price target. His target suggests a 25% upside potential. (To watch De Silva’s track record, click here)AKTS shares have 5 recent reviews, breaking down as 4 Buys and 1 Hold, giving the stock a Strong Buy consensus rating. The average price target, $10, matches De Silva’s, indicating that the stock has room for 25% growth in the near future. (See Akoustis price targets and analyst ratings on TipRanks) nLight, Inc. (LASR)Our final stock is an interesting player in the industrial laser industry. nLight produces lasers for high-tech manufacturing industries. Its products include fiber-optic lasers, diode systems, single emitters, and diode laser stacks. The company has a world-wide sales base, with customers in the semiconductor, materials processing, electronics, medical, and military sectors.LASR shares are down since last week, when the company reported a fourth quarter earnings loss and revenue beat. At the bottom line, the EPS net loss was 6 cents. On the top line, however, revenues beat the forecast by 12% and came in at $42.9 million. On the downside, the revenue number was a slip of 7.1% year-over-year. LASR shares are down 12% so far in 2020.Reviewing the stock for Stifel Nicolaus, 4-star analyst John Marchetti writes, “[We] expect the company to return to double-digit revenue growth following a challenging 2019. [I]ndustry fundamentals and new product introductions provide a more constructive outlook. We believe nLight's focus on higher-powered lasers, programmability, and new market applications should provide a strong base to return to growth…”Marchetti gives the stock a Buy recommendation, and raised his price target from $21 to $26, implying an upside potential here of 45%. (To watch Marchetti’s track record, click here)nLight has received 4 Buy ratings and 1 Hold, giving the stock a Strong Buy consensus view. The average price target, $24.75, indicates room for a robust 38% premium from the current share price of $17.89. (See nLight stock-price forecast on TipRanks) To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- 02/23/2020
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Akoustis Announces First Unmanned Aircraft Systems Customer with Development Order for High Frequency XBAW™ RF Filters
- – New Customer, New Ultra-High Band (UHB) Filter, New Vertical Market –– First C-Band Filter Samples Expected by September 2020 – CHARLOTTE, N.C., Feb. 19, 2020 -- Akoustis.
- 02/19/2020
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Akoustis Announces First Commercial Volume Order for 5G Infrastructure RF Filters
- – Company Begins Shipping Early Orders for 5G Small Cell Base Station Filters –– Company Expects to Ramp Shipments of 5G Filters to Tier-1 Customer in June Quarter –– First of.
- 02/03/2020
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Zacks.com featured highlights include: CNX Midstream Partners LP, Akoustis Technologies, CRH Medical, Mesoblast and Photronics
- Zacks.com featured highlights include: CNX Midstream Partners LP, Akoustis Technologies, CRH Medical, Mesoblast and Photronics
- 01/09/2020
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