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Akoustis to Webcast Q1FY22 Results on November 1st at 8:00 am ET
Company Provides Preliminary Results and Guidance Charlotte, N.C., Oct. 25, 2021 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or
About this update from Aktis Oncology, Inc.
[{"type":"text","content":"Company Provides Preliminary Results and Guidance\nCharlotte, N.C., Oct. 25, 2021 (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 Q1FY22 results on Monday, November 1, 2021, 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. Jeff Shealy, founder and CEO, stated, “Despite the ongoing supply chain shortages, our preliminary unaudited revenue for the quarter ending September 30, 2021, is expected to be $1.9 million, in-line with our guidance of $2.0 million.” Mr. Shealy continued, “We continue to expect multiple new WiFi 6E and network infrastructure customers to ramp production in the quarter ending December 31, 2021, and with the recent RFMi acquisition, we now expect revenue for this quarter to be in the range of $3.5-$4.0 million.” Akoustis is actively delivering volume production of its Wi-Fi 6 tandem filter solutions to multiple customers, shipping multiple 5G small cell XBAWTM filter solutions, delivering initial designs of its new 5G mobile filter solutions to multiple tier-1 customers and is now entering the market with its new Wi-Fi 6E coexistence XBAWTM filter solutions. Given the growing sales funnel activity as well as ongoing interaction with customers regarding expected ramps in both 5G mobile, Wi-Fi 6 and Wi-Fi 6E in calendar 2022, the Company is increasing the annual production capacity at its New York fab, expected to reach a capacity of approximately 500 million filters per year by the end of calendar 2021. Akoustis currently has 15 commercial XBAW™ filters in its product catalog, and recently introduced 5.6 GHz and 6.6 GHz Wi-Fi 6E coexistence filter modules, which when qualified, will bring the number of catalog products to 17. Current product catalog filters include a 5.6 GHz Wi-Fi filter, a 5.2 GHz Wi-Fi filter, a 5.5 GHz Wi-Fi-6E filter, a 6.5 GHz Wi-Fi 6E filter, three small cell 5G net...