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
![Akoustis logo](/files/LOGO/1584754-AKTS.png)
Company profile
Ticker
AKTS
Exchange
Website
CEO
Jeffrey Shealy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
CIENA • Netgear • ADTRAN • Infinera • Plantronics • Fabrinet • Audiocodes • Westell • 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)
8-K
Departure of Directors or Certain Officers
5 Jun 24
SD
Conflict minerals disclosure
31 May 24
8-K
Entry into a Material Definitive Agreement
24 May 24
424B3
Prospectus supplement
23 May 24
424B5
Prospectus supplement for primary offering
23 May 24
8-K
Akoustis Completes Rollout of its XBAW® Design Updates
22 May 24
EFFECT
Notice of effectiveness
22 May 24
8-K
Other Events
20 May 24
S-3
Shelf registration
13 May 24
8-K
Akoustis Reports Third Quarter FY24 Results
13 May 24
Transcripts
AKTS
Earnings call transcript
2024 Q3
13 May 24
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 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
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) | 15.20 mm | 15.20 mm | 15.20 mm | 15.20 mm | 15.20 mm | 15.20 mm |
Cash burn (monthly) | (no burn) | 3.13 mm | 7.77 mm | 6.55 mm | 2.60 mm | 3.41 mm |
Cash used (since last report) | n/a | 8.40 mm | 20.85 mm | 17.58 mm | 6.97 mm | 9.16 mm |
Cash remaining | n/a | 6.80 mm | -5.65 mm | -2.38 mm | 8.23 mm | 6.04 mm |
Runway (months of cash) | n/a | 2.2 | -0.7 | -0.4 | 3.2 | 1.8 |
Institutional ownership, Q1 2024
5.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 41 |
Opened positions | 30 |
Closed positions | 6 |
Increased positions | 4 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 2.85 bn |
Total shares | 5.08 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Taylor Frigon Capital Management | 3.36 mm | $1.99 bn |
AMH Equity | 250.00 k | $147.78 mm |
Mission Wealth Management | 226.82 k | $134.07 mm |
Commonwealth Equity Services | 223.30 k | $132.00 k |
BK Bank Of New York Mellon | 198.87 k | $117.55 mm |
Oppenheimer & Co | 106.77 k | $63.11 mm |
Raymond James Financial Services Advisors | 105.91 k | $62.60 mm |
Susquehanna International | 94.38 k | $55.79 mm |
BNP Paribas Arbitrage | 82.30 k | $48.65 mm |
Crestwood Advisors | 67.54 k | $39.92 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 Tuesday's After-Market Session
18 Jun 24
12 Information Technology Stocks Moving In Thursday's After-Market Session
13 Jun 24
12 Information Technology Stocks Moving In Monday's After-Market Session
10 Jun 24
12 Information Technology Stocks Moving In Monday's Pre-Market Session
3 Jun 24
12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
29 May 24
Press releases
Treatment.com AI Inc. (TRUE.CN) Advances AI in Healthcare with Strategic Moves
23 May 24
Akoustis Announces $10 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
22 May 24
Akoustis Completes Rollout of its XBAW® Design Updates
22 May 24
Akoustis Reports Third Quarter FY24 Results
13 May 24
Akoustis to Webcast Q3FY24 Results on May 13 at 8:00 am ET
7 May 24