founded in 2014 by experienced industry leaders and scientists from university of california at santa barbara (ucsb) and cornell university, akoustis’ mission is to commercialize and manufacture its patent-pending bulk one™ acoustic wave technology to address the critical frequency-selectivity requirements in today’s mobile smartphones – improving the efficiency and signal quality of mobile wireless devices and enabling the internet of things. the bulk acoustic wave (baw) filter market is rapidly expanding, driven by growth in 4g/lte and the number of filters required per device. nearly 2 billion mobile phones are manufactured per year, and over half are in the growing segment of high-end smartphones. because these smartphones need to operate globally, on more than one carrier, and with bands that are becoming ever-closer together, the need for higher-performance filters is upon us to ensure mobile compatibility. 4g/lte networks are driving the need for higher frequencies, and traditio
Company profile
Ticker
AKTS
Exchange
Website
CEO
Jeffrey Shealy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
CIENA • Netgear • ADTRAN • Plantronics • Infinera • Fabrinet • Westell • Audiocodes • Pineapple Energy • ClearOne ...
Former names
DANLAX, CORP.
SEC CIK
Corporate docs
Subsidiaries
Akoustis, Inc. • Grinding & Dicing Services, Inc. • RFM Integrated Device Inc. ...
AKTS stock data
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
13 Feb 24
8-K
Akoustis Reports Second Quarter FY24 Results
13 Feb 24
8-K
Akoustis Announces Pricing of Public Offering of $10.0 Million of Common Stock
29 Jan 24
424B5
Prospectus supplement for primary offering
29 Jan 24
8-K
Selected Preliminary Financial Results for Second Quarter of Fiscal 2024
24 Jan 24
424B5
Prospectus supplement for primary offering
24 Jan 24
S-8
Registration of securities for employees
13 Nov 23
8-K
Akoustis Reports First Quarter FY24 Results
13 Nov 23
10-Q
2024 Q1
Quarterly report
13 Nov 23
8-K
Departure of Directors or Certain Officers
2 Nov 23
Transcripts
AKTS
Earnings call transcript
2024 Q2
13 Feb 24
AKTS
Earnings call transcript
2024 Q1
13 Nov 23
AKTS
Earnings call transcript
2023 Q4
6 Sep 23
AKTS
Earnings call transcript
2023 Q3
8 May 23
AKTS
Earnings call transcript
2023 Q2
7 Feb 23
AKTS
Earnings call transcript
2023 Q1
14 Nov 22
AKTS
Earnings call transcript
2022 Q4
12 Sep 22
AKTS
Earnings call transcript
2022 Q3
2 May 22
AKTS
Earnings call transcript
2022 Q2
31 Jan 22
AKTS
Earnings call transcript
2022 Q1
1 Nov 21
Latest ownership filings
SC 13G
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
Senvest Management, LLC
9 Feb 24
SC 13G/A
BlackRock Inc.
7 Feb 24
4
Arthur Geiss
31 Jan 24
4
David Aichele
31 Jan 24
4
Kenneth Boller
31 Jan 24
4
Jeffrey B. Shealy
31 Jan 24
4
David Aichele
20 Dec 23
4
Kenneth Boller
20 Dec 23
144
Notice of proposed sale of securities
18 Dec 23
Financial summary
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Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | Jun 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 25.79 mm | 25.79 mm | 25.79 mm | 25.79 mm | 25.79 mm | 25.79 mm |
Cash burn (monthly) | 5.77 mm | 2.91 mm | 7.22 mm | 5.87 mm | 4.37 mm | 3.58 mm |
Cash used (since last report) | 42.49 mm | 21.40 mm | 53.13 mm | 43.18 mm | 32.16 mm | 26.34 mm |
Cash remaining | -16.71 mm | 4.39 mm | -27.35 mm | -17.39 mm | -6.38 mm | -554.45 k |
Runway (months of cash) | -2.9 | 1.5 | -3.8 | -3.0 | -1.5 | -0.2 |
Institutional ownership, Q4 2023
1.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 17 |
Opened positions | 4 |
Closed positions | 106 |
Increased positions | 4 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 527.86 mm |
Total shares | 1.26 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Perkins Capital Management | 606.65 k | $506.00 k |
FRG Family Wealth Advisors | 346.70 k | $289.15 mm |
Raymond James Financial Services Advisors | 100.78 k | $84.05 mm |
Griffin Asset Management | 40.00 k | $33.36 mm |
HBK Sorce Advisory | 34.86 k | $29.07 mm |
Kohmann Bosshard Financial Services | 27.76 k | $23.15 mm |
Raymond James & Associates | 21.39 k | $17.84 mm |
SG Americas Securities | 20.65 k | $17.00 k |
Redwood Wealth Management | 16.94 k | $14.13 mm |
Stratos Wealth Advisors | 12.70 k | $10.59 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Jan 24 | Shealy Jeffrey B. | Common Stock | Buy | Acquire P | No | No | 0.5 | 1,310,000 | 655.00 k | 2,222,775 |
29 Jan 24 | Arthur Geiss | Common Stock | Buy | Acquire P | No | No | 0.5 | 50,000 | 25.00 k | 415,924 |
29 Jan 24 | Aichele David | Common Stock | Buy | Acquire P | No | No | 0.5 | 80,000 | 40.00 k | 334,622 |
29 Jan 24 | Kenneth Boller | Common Stock | Buy | Acquire P | No | No | 0.5 | 60,000 | 30.00 k | 214,957 |
18 Dec 23 | Aichele David | Common Stock | Sell | Dispose S | No | Yes | 0.722 | 1,500 | 1.08 k | 254,622 |
News
12 Information Technology Stocks Moving In Thursday's After-Market Session
18 Apr 24
12 Information Technology Stocks Moving In Tuesday's After-Market Session
16 Apr 24
12 Information Technology Stocks Moving In Friday's After-Market Session
12 Apr 24
Akoustis Bags Design Win And Volume Orders For Wi-Fi 7 Solution With Tier-1 Enterprise Class OEM
8 Apr 24
12 Information Technology Stocks Moving In Wednesday's After-Market Session
20 Mar 24
Press releases
Akoustis to Webcast Q3FY24 Results on May 13 at 8:00 am ET
7 May 24
Akoustis Receives Two Design Wins with Tier-1 Network Infrastructure Customer
1 May 24
Akoustis to Attend the 36th Annual Roth Conference on March 17-19, 2024
11 Mar 24
Akoustis to Attend GOMACTech 2024 in Charleston from March 19-20
15 Feb 24
Akoustis Reports Second Quarter FY24 Results
13 Feb 24