Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and semiconductor wafer-manufacturing and microelectromechanical systems foundry services. The RF Filters segment consists of amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi customer premise equipment, military and defense applications. The company was incorporated in 2013 and is headquartered in Huntersville, North Carolina.
IPO Year:
Exchange: NASDAQ
Website: akoustis.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/4/2024 | $2.00 → $1.00 | Overweight → Neutral | Piper Sandler |
| 9/6/2023 | $9.25 → $1.75 | Buy → Neutral | B. Riley Securities |
| 1/24/2023 | $9.25 | Buy | B. Riley Securities |
| 11/2/2021 | $18.00 → $13.00 | Outperform | Oppenheimer |
3 - Akoustis Technologies, Inc. (0001584754) (Issuer)
3 - Akoustis Technologies, Inc. (0001584754) (Issuer)
3 - Akoustis Technologies, Inc. (0001584754) (Issuer)
4 - Akoustis Technologies, Inc. (0001584754) (Issuer)
4 - Akoustis Technologies, Inc. (0001584754) (Issuer)
4 - Akoustis Technologies, Inc. (0001584754) (Issuer)
4 - Akoustis Technologies, Inc. (0001584754) (Issuer)
4 - Akoustis Technologies, Inc. (0001584754) (Issuer)
4 - Akoustis Technologies, Inc. (0001584754) (Issuer)
4 - Akoustis Technologies, Inc. (0001584754) (Issuer)
Charlotte, NC, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Akoustis to Pursue Strategic Sale of its Business Through Voluntary Chapter 11 Process Committed to Full Continuity in Delivering Next-Generation BAW High-Band RF Filters to Customers Around the World Filing to Ensure Business Sold Free and Clear of Qorvo Infringement Following Final Judgement and Required Cleansing Process Charlotte, NC – DECEMBER 16, 2024 – 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 voluntarily filed for chapter 11 relie
Committed to Full Continuity in Delivering Next-Generation BAW High-Band RF Filters to Customers Around the World Filing to Ensure Business Sold Free and Clear of Qorvo Infringement Following Final Judgement and Required Cleansing Process 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 voluntarily filed for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the "Court") to provide the Company with the flexibility to complete its ongoing marketing and sale proce
Charlotte, NC, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Akoustis Receives an Additional Purchase Order for $13 Million XBAW® Filters from Existing Tier-1 Customer Raises Production Commitments for XBAW RF filters from Tier-1 Customer to greater than $21M, plus a customer option to increase order quantities 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 has received an additional purchase order for $13M from an existing Tier-1 customer to satisfy the customer's demand for seven1 Wi-Fi Access Points
Charlotte, NC, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Akoustis Announces Leadership Transition Charlotte, NC, August 8, 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 mutually agreed resignation of Jeffery B. Shealy as Chief Executive Officer and as a member of the Board of Directors, effective August 6, 2024. Kamran Cheema, the Company's Chief Product Officer, will serve as interim Chief Executive Officer. Mr. Cheema has served as Chief Product Officer for the Company since 2022
Tier-1 Customer to Utilize Multiple XBAW® Filters for Wi-Fi 6E and 7 Access PointsVolume Orders to Satisfy Customer's Demand Through Fiscal Year 2025 Charlotte, N.C., July 09, 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 has received $8M in new orders from a Tier-1 customer to satisfy the customer's demand for four Wi-Fi Access Points (AP), which are either currently in production or ramping into production in the second half of calendar year 2024. The purchase or
Tier-1 Customer to Use Akoustis' Next-Generation 5.5 and 6.5 GHz Wi-Fi XBAW® Filters in Tri-Band 4x4 MIMO RouterSecured Wi-Fi 7 Filter Orders to Support Production Beginning in July 2024 Through March 2025 Charlotte, N.C., June 27, 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 has received $2M in production orders from Tier-1 carrier customer to satisfy demand for two of its industry-leading XBAW® filters integrated into a Wi-Fi 7 platform. Wi-Fi technology c
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, announced today that it has entered into definitive securities purchase agreements for the purchase and sale of an aggregate of 50,000,000 shares of the Company's common stock (or common stock equivalents) at a purchase price of $0.20 per share of common stock (or common stock equivalent) in a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to close on or about May 24, 2024 subject to
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. Akoustis developed the updates to its XBAW® manufacturing process to remove any patented features claimed by Qorvo, Inc. in U.S. Patent Nos. 7,522,018 and 9,735,755. Qorvo asserted the patents against certain XBAW® RF filters in Qorvo, Inc. vs. Akoustis Technologies, Inc., No. 1:21-cv-01417-JPM (D. Del.). These updates have been
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 MonthsRobust 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, t
Charlotte, N.C., May 07, 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 Q3FY24 results on Monday, May 13, 2024, at 8:00 am 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
Piper Sandler downgraded Akoustis Technologies from Overweight to Neutral and set a new price target of $1.00 from $2.00 previously
B. Riley Securities downgraded Akoustis Technologies from Buy to Neutral and set a new price target of $1.75 from $9.25 previously
B. Riley Securities initiated coverage of Akoustis Technologies with a rating of Buy and set a new price target of $9.25
Oppenheimer reiterated coverage of Akoustis Technologies with a rating of Outperform and set a new price target of $13.00 from $18.00 previously
Roth Capital reiterated coverage of Akoustis Technologies with a rating of Buy and set a new price target of $16.00 from $25.00 previously
Lake Street Capital reiterated coverage of Akoustis Technologies with a rating of Buy and set a new price target of $19.00 from $10.00 previously
Craig Hallum reiterated coverage of Akoustis Technologies with a rating of Buy and set a new price target of $20.00 from $18.00 previously
Roth Capital reiterated coverage of Akoustis Technologies with a rating of and set a new price target of $25.00 from $16.00 previously
4 - Akoustis Technologies, Inc. (0001584754) (Issuer)
4 - Akoustis Technologies, Inc. (0001584754) (Issuer)
4 - Akoustis Technologies, Inc. (0001584754) (Issuer)
4 - Akoustis Technologies, Inc. (0001584754) (Issuer)
8-K - Akoustis Technologies, Inc. (0001584754) (Filer)
8-K - Akoustis Technologies, Inc. (0001584754) (Filer)
DEFA14A - Akoustis Technologies, Inc. (0001584754) (Filer)
8-K - Akoustis Technologies, Inc. (0001584754) (Filer)
8-K - Akoustis Technologies, Inc. (0001584754) (Filer)
8-K - Akoustis Technologies, Inc. (0001584754) (Filer)
DEFA14A - Akoustis Technologies, Inc. (0001584754) (Filer)
8-K - Akoustis Technologies, Inc. (0001584754) (Filer)
10-Q - Akoustis Technologies, Inc. (0001584754) (Filer)
DEFA14A - Akoustis Technologies, Inc. (0001584754) (Filer)