Akoustis Technologies, Inc. [AKTS] Stock Forecast

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.

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.

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.

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.

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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.

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.

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.

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.

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.

Akoustis Technologies, Inc. is a US stock , located in Huntersville of Nc and trading under the symbol AKTS

2 stock analysts have 2 predictions with a medium analyst target price of $7. The lowest prediction is $7 and the highest is $7

Akoustis Technologies, Inc. stock price is $0.5581 today.

Yes, Akoustis Technologies, Inc. is a publicly traded company.