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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this company would post a loss of $0.18 per share when it actually produced a loss of $0.19, delivering a surprise of -5.56%.Over the last four quarters, the company has not been able ...

Revenue and Sales Performance - Q3 revenue increased by 7% quarter-over-quarter to $7.5 million, with filter-related revenue growing 13% sequentially to the third highest in company history[1] - The company expects sales revenue between $7.0 to $7.5 million in the June quarter, driven by robust customer activity and new product introductions in Wi-Fi 6E/7 and 5G infrastructure[2] Operating Cash Flow and Cost Management - Operating cash flow burn rate reduced by 31% in the March quarter compared to December, with breakeven expected within the next nine months due to cost-saving measures and CHIPS Act ITC refund[2] Product Development and Design Wins - Introduced two new 2.4 GHz XBAW RF filters for Wi-Fi Automotive and access point applications, and secured design wins for a 4x4 MU-MIMO router platform with a Tier-1 enterprise class OEM[4] - Ramped XBAW filter production for two Wi-Fi 7 Tier-1 enterprise class OEM programs and delivered revised Wi-Fi filters to a Tier-2 5G Mobile RF front-end module customer[4] - Selected for a multi-million-dollar program with the Office of Naval Research (ONR) to develop RF filter multiplexers using XBAW and P3F single crystal nanomaterials technology[4] - Completed NRE development and delivery of n104 samples for massive MIMO architectures to a Tier-1 Network Infrastructure customer[5] - Delivered new XBAW PDK to two customers for ongoing foundry engagements and sampled new 2.4 GHz Wi-Fi CPE/Automotive XBAW filters to multiple customers[5] Financial Performance and Losses - Net loss for the three months ended March 31, 2024, was $23.3 million, compared to $15.5 million in the same period last year[12] - Non-GAAP operating loss for the three months ended March 31, 2024, was $12.5 million, compared to $13.2 million in the same period last year[14] - GAAP net loss for March 2024 was $(23.3 million), compared to $(15.5 million) in the same period last year[15] - Non-GAAP net loss for March 2024 was $(13.1 million), compared to $(13.6 million) in the same period last year[15] - GAAP net loss for the nine months ended March 31, 2024, was $(59.1 million), compared to $(45.8 million) in the same period last year[18] - Non-GAAP net loss for the nine months ended March 31, 2024, was $(46.2 million), compared to $(40.6 million) in the same period last year[18] Share and Equity Information - Weighted average common shares outstanding for the nine months ended March 31, 2024, were 78.8 million, compared to 60.9 million in the same period last year[18] - Non-GAAP net loss per common share for the nine months ended March 31, 2024, was $(0.59), compared to $(0.67) in the same period last year[18] Impairment and Amortization - Goodwill impairment loss for March 2024 was $8.1 million[15] - Common stock issued for services for March 2024 was $1.0 million, compared to $3.2 million in the same period last year[15] - Amortization of acquisition-related intangible assets for March 2024 was $646 thousand, compared to $659 thousand in the same period last year[15] - Recognition of acquisition-related promissory note for March 2024 was $333 thousand, consistent with the same period last year[15]

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" ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-38029 AKOUSTIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) | Delaware | 33- ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Akoustis (AKTS) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move ...

Core Viewpoint - Akoustis Technologies, Inc. has secured orders from a Tier-1 Network Infrastructure customer for the integration of high-performance XBAW® filters into Wi-Fi 7 fixed wireless access platforms, with production ramp scheduled throughout 2024 [1][2][3] Group 1: Product and Technology - The XBAW® filters will enhance the capabilities of the customer's quad-band Wi-Fi 7 enterprise and home gateway solutions, featuring 4x4 MIMO technology [2] - Two filters will operate in the 5-Hi GHz band with a narrow passband of 345 MHz, while another two will cover the full 6 GHz band with an ultrawide passband of 1180 MHz [2] - Additional filters for a tri-band Wi-Fi 7 home gateway will operate at 5.5 and 6.5 GHz, enabling coexistence with various U-NII bands [2] Group 2: Business Development and Market Position - The company is experiencing robust demand and an expanding sales pipeline for its XBAW® filter products, as well as new resonator and oscillator products [3] - Akoustis is actively securing new design wins in target markets such as Wi-Fi, 5G Infrastructure, Automotive, and Defense, with many slated for production in the coming months [3] - The company operates a 125,000 sq. ft. ISO-9001:2015 registered wafer-manufacturing facility in Canandaigua, NY, equipped for the design and fabrication of RF filters and semiconductor devices [5]

Core Viewpoint - The article discusses speculative penny stocks, highlighting their high-risk nature and potential for significant returns, emphasizing the trade-off between predictability and potentiality in investment choices [1]. Company Summaries Akoustis Technologies (AKTS) - Akoustis Technologies operates in the communications equipment sector, focusing on RF filter products for mobile devices, with shares closing at 58.5 cents [2]. - Analysts have a moderate buy consensus with an average price target of $1, indicating a 71% upside potential [2]. - Expected loss per share is projected to improve from 88 cents to 67 cents, with revenue anticipated to reach $32.86 million, a 21.2% year-over-year increase [3]. FTC Solar (FTCI) - FTC Solar provides solar tracker systems and services, closing at 51 cents [5]. - The consensus among analysts is a moderate buy, with an average price target of 99 cents, suggesting over 94% upside potential [5]. - Loss per share is expected to improve from 30 cents to 16 cents, with projected revenue of $158.93 million, a 25.1% increase from fiscal 2023 [6]. Gold Resource (GORO) - Gold Resource is involved in gold and silver mining, priced at 56 cents [7]. - One analyst rates it a buy with a price target of $1.50, indicating a potential upside of nearly 168% [7]. - Revenue for the current fiscal year is projected to average $85.99 million, with a high-side target of $105.3 million [8]. Arbe Robotics (ARBE) - Arbe Robotics specializes in 4D imaging radar solutions for the automotive sector, with shares rated a strong buy and an average price target of $3.50 [10]. - The average loss per share for fiscal 2023 was 16.8 cents, but revenue is expected to grow to $1.65 million in fiscal 2024, a 12.2% increase [11]. Stem (STEM) - Stem operates in the renewable energy storage sector, with a moderate buy consensus and an average price target of $3.63, implying over 96% upside potential [12]. - The company reported a quarterly surprise of 23.45% below expectations, but revenue for fiscal 2024 is projected to reach $672.15 million, a 45.6% increase from the previous year [13]. Microvast (MVST) - Microvast focuses on battery technologies for electric vehicles, priced at just under 52 cents [14]. - Analysts rate it a moderate buy with a price target of $3.33, indicating over 542% upside potential [14]. - Revenue for fiscal 2024 is expected to reach $349.13 million, a 13.9% growth from the previous year [15]. Gevo (GEVO) - Gevo operates in the specialty chemicals sector, trading at 71 cents [16]. - The company has faced challenges, with a quarterly surprise of 40% below expectations, but revenue is projected to grow to $19.87 million in the current fiscal year, a 15.5% increase [17].

Tier-1 Customer to Use High-Performance Akoustis XBAW® Filters in 4X4 MU-MIMO Enterprise Router PlatformCompany Has Received Volume Orders to Facilitate Production Ramp in the Second Half of Calendar Year 2024 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-performan ...

New High-Performance 2.4 GHz Channel 1-11 XBAW® Bandedge RF Filters for Improved Wi-Fi Range and Coexistence with LTEThe A10124 and A10324 is Currently Sampling and Slated for Production Second Half of Calendar Year 2024 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 ...

Core Viewpoint - Akoustis Technologies, Inc. is experiencing strong demand and an expanding sales pipeline for its XBAW® filter products and related services, indicating positive growth prospects in the RF filter market [2]. Group 1: Company Overview - Akoustis Technologies, Inc. is an integrated device manufacturer (IDM) specializing in patented bulk acoustic wave (BAW) high-band RF filters for mobile and wireless applications [1][3]. - The company utilizes its proprietary XBAW® manufacturing process to produce RF filters that enhance signal acquisition and performance [3]. - Akoustis operates a 125,000 sq. ft. wafer-manufacturing facility in Canandaigua, NY, equipped for the design and fabrication of RF filters and semiconductor devices [4]. Group 2: Market Position and Products - The company is targeting the multi-billion-dollar RF filter market with its innovative products, including XBAW® filters, resonators, oscillators, and semiconductor back-end services [2][4]. - Akoustis is securing new design wins in key markets such as Wi-Fi, 5G Infrastructure, Automotive, and Defense, with production ramp-ups expected in the coming months [2]. Group 3: Upcoming Events - Founder and CEO Jeff Shealy will attend the 36th Annual Roth Conference from March 17-19, 2024, providing an opportunity for investors to engage with the company's management [1].