Akoustis Technologies, Inc. (AKTS): history, ownership, mission, how it works & makes money

A Brief History of Akoustis Technologies, Inc. (AKTS)

Company Formation and Initial Public Offering

Akoustis Technologies, Inc. was founded in 2014. The company is based in Huntersville, North Carolina, specializing in the development and production of high-performance acoustic wave devices. In November 2017, Akoustis went public, trading on the NASDAQ under the ticker symbol AKTS.

Technological Developments

In March 2018, Akoustis announced successful testing of its first bulk acoustic wave (BAW) filter prototype, marking a significant advancement in wireless communication technology. By April 2019, they had begun utilizing their piezoelectric single crystal technology, aiming to enhance mobile communications.

Financial Milestones

As of the fiscal year 2021, Akoustis reported revenues of $7.2 million, indicating a growth of approximately 74% year-over-year. The company’s net loss for fiscal 2021 was approximately $20.5 million.

Product Launches and Strategic Partnerships

In 2020, Akoustis launched its first commercial product, the A2B filter, targeted at the 5G wireless market. The company formed a strategic partnership with major semiconductor manufacturers to enhance its product offerings. By 2021, they secured contracts with several large customers in the telecommunications sector.

Stock Performance and Market Activity

As of October 2023, Akoustis Technologies, Inc. stock was trading at approximately $2.50 per share, with a market capitalization around $130 million. The stock has experienced volatility, with a 52-week range of $1.95 to $6.80.

Recent Developments

In Q2 of fiscal 2023, Akoustis announced its intention to expand its manufacturing capabilities in response to growing demand for 5G technology. The company's backlog of orders reached a record $25 million as of September 2023, reflecting strong customer interest and projected growth.

Future Projections

Analysts project that Akoustis could achieve revenue growth exceeding 50% annually over the next few years as the demand for 5G infrastructure continues to rise. The company is also exploring new applications in the Internet of Things (IoT) and automotive markets.

A Who Owns Akoustis Technologies, Inc. (AKTS)

Ownership Structure

Akoustis Technologies, Inc. (NASDAQ: AKTS) operates within the telecommunications and semiconductor sectors, focusing on the development of bulk acoustic wave (BAW) filter technology.

Major Shareholders

The ownership of Akoustis Technologies, Inc. is divided among institutional investors, individual shareholders, and company insiders. According to the latest data available from Q3 2023:

Institutional Investors

As of the end of Q3 2023, several key institutional investors hold substantial stakes in Akoustis Technologies:

Insider Ownership

Insider ownership plays a critical role in influencing corporate governance and direction. Key insiders include:

Market Capitalization

The market capitalization of Akoustis Technologies, Inc. as of October 2023 is approximately $200 million.

Stock Performance

As of October 2023, the stock price of AKTS is approximately $6.50 per share, with a 52-week range of $5.00 to $9.50.

Recent Developments

Recent developments include the announcement of new partnerships and contracts valued at over $30 million for the upcoming fiscal year.

Akoustis Technologies, Inc. (AKTS) Mission Statement

Mission Overview

Akoustis Technologies, Inc. aims to deliver advanced acoustic wave technology solutions that enhance performance in mobile and broadband communications. The company's mission is grounded in innovation, quality, and the commitment to meet customers' needs in a rapidly evolving market.

Core Values

• Innovation: Continuous development and investment in R&D to push the boundaries of acoustic technology.
• Quality: Ensuring high standards in product performance and reliability.
• Customer Focus: Commitment to understanding and exceeding customer expectations.
• Integrity: Conducting business with honesty and transparency.

Strategic Goals

• Market Leadership: Positioning Akoustis as a leader in the RF filter market, particularly in 5G applications.
• Revenue Growth: Targeting a revenue growth rate of over 50% annually through innovative product offerings.
• Global Expansion: Expanding market share internationally while strengthening partnerships in key regions.

Financial Performance

As of the third quarter of FY 2023, Akoustis reported the following:

Market Position

Akoustis operates in a competitive landscape characterized by rapid technological advancements. As of October 2023, Akoustis holds a market share of approximately 2.5% in the RF filter market. The company's strategic partnerships with leading telecommunications firms bolster its position in the industry.

Technological Advancements

Akoustis is focused on developing its proprietary BAW (Bulk Acoustic Wave) technology, which is integral to its mission. The technology is designed to meet the stringent demands of next-generation wireless solutions.

Community and Environmental Impact

In alignment with its mission, Akoustis is committed to sustainable practices and is actively working on reducing its carbon footprint. The reduction target is set at 25% by 2025, focusing on energy efficiency and waste reduction strategies.

Future Outlook

Looking forward, Akoustis anticipates an annual growth in demand for its products as the global 5G deployment continues. The company projects a potential revenue increase of 80% by the end of FY 2024.

How Akoustis Technologies, Inc. (AKTS) Works

Company Overview

Akoustis Technologies, Inc. is a publicly traded company specializing in high-frequency acoustic wave technologies. This technology is primarily used in RF filters for mobile and broadband communications. The company was founded in 2015 and is headquartered in Huntersville, North Carolina.

Technology and Products

Akoustis develops a range of products utilizing its proprietary XBAW™ (Bulk Acoustic Wave) technology. This technology enables the production of filters that offer significant performance advantages over traditional technologies.

Market Segmentation

The company targets several key markets:

• Mobile communications
• Wi-Fi networks
• Military and aerospace applications
• Internet of Things (IoT)

Current Financial Performance

As of the end of fiscal year 2023, Akoustis reported the following financials:

Recent Developments

In Q2 2023, Akoustis announced a partnership with a leading mobile device manufacturer to supply RF filters. This agreement is projected to contribute approximately $2 million in revenue over the next 12 months.

Research and Development (R&D)

The company continues to invest heavily in R&D, with expenditures of $5.3 million in fiscal year 2023. The focus is on enhancing the performance of existing products and developing new applications for its technology.

Market Position and Competitors

Akoustis operates in a competitive landscape with several key players:

• Qorvo
• Skyworks Solutions
• Murata Manufacturing Co., Ltd.
• Broadcom Inc.

Stock Performance

As of October 2023, Akoustis Technologies, Inc. (AKTS) stock price was approximately $1.50 per share, with a market capitalization around $145 million.

Future Outlook

The company anticipates growth driven by increasing demand for wireless communication infrastructure, particularly with the expansion of 5G technology. Projections indicate potential revenue growth of 30% year-over-year for the next two fiscal years.

How Akoustis Technologies, Inc. (AKTS) Makes Money

Product Offerings

Akoustis Technologies, Inc. specializes in the design and manufacture of high-performance bulk acoustic wave (BAW) filters. These filters are essential components in mobile devices, IoT devices, and other wireless communication technologies.

Revenue Streams

• Sales of BAW filters to OEMs and suppliers.
• Research and development contracts with telecommunications companies.
• Licensing agreements for patented technologies.
• Government contracts for defense and aerospace applications.

Financial Performance

As of fiscal year 2023, Akoustis reported revenues of $9.8 million, up from $5.0 million in 2022. The gross profit margin for the company was approximately 40%.

Market Segmentation

Akoustis serves multiple markets including:

• Mobile devices (smartphones and tablets).
• Wi-Fi and broadband applications.
• IoT devices.
• 5G and next-generation wireless technologies.

Recent Financial Metrics

Strategic Partnerships

Akoustis has formed strategic alliances with major telecommunications companies. These partnerships have allowed the company to enhance its product offerings and increase market reach.

Manufacturing Capabilities

The company utilizes a state-of-the-art manufacturing facility located in Canandaigua, New York. This facility is capable of producing high-volume BAW filters with a focus on quality and performance.

Investment and Growth

In 2023, Akoustis secured $20 million in funding to expand its research and development efforts and scale production capabilities.

Market Challenges

Competitive pressures from larger semiconductor companies pose significant challenges. Additionally, global supply chain issues have impacted production timelines and costs.

Future Outlook

Analysts project an increase in demand for BAW filters due to the expansion of 5G networks and IoT applications. The expected market growth is projected to be at a CAGR of 11.2% from 2023 to 2030.