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Akoustis: Fiscal Q3 Earnings Snapshot


Akoustis: Fiscal Q3 Earnings Snapshot
May 3, 2021
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HUNTERSVILLE, N.C. (AP) Akoustis Technologies, Inc. (AKTS) on Monday reported a loss of $10.2 million in its fiscal third quarter.
On a per-share basis, the Huntersville, North Carolina-based company said it had a loss of 22 cents. Losses, adjusted for non-recurring costs, came to 15 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The company posted revenue of $2.5 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.3 million.
Akoustis shares have fallen 8% since the beginning of the year. The stock has increased 39% in the last 12 months. ....

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Akoustis Announces $35.6 Million of New Equity Financing


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.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any shares of common stock, nor will there be any sale of the shares of common stock in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
About Akoustis Technologies, Inc.
® (
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 Compa ....

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