our fourth R&D focused update company Thank you, and an our from an quarter for continue transition company. welcome everyone The Akoustis and to year-end year Tom, commercial business June fiscal fiscal to call. exciting capped quarter as manufacturing we a
the significant high-volume filter FYXX over solution, X.X our micro-filter X with the and WiFi with path WiFi tandem XX of that first we a announced world’s gigahertz months lock design paving beyond. market, next gigahertz goal recent revenue the into the in we delivering With July, growth enter of filter BAW
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the comments milestones; With market beyond respect overview I and First, June the five will commentary; focus; overview recap milestones of to September third, XXXX; focus. organized the and second, of half brief and a today, highlights market finally, call with strategic and have my quarter technology the the achievements quarter quarter. September into I first calendar fourth, technology during sections: start
of the could we XXXX advanced Akoustis high-performance frequency exhibit BAW class that to was RF filter to resonator piezoelectric create produces single would premise and produce in high-performance process a founded crystal by spectrum. new a performance filters Today, application. on RF the advanced utilizing address most and materials differentiated piezoelectric ultra-high-band superior manufacturing the some unique of that material in Akoustis
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XBAW pertaining technology. I’d to summarize briefly to Next, our like highlights
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more proprietary, knowhow unpublished numerous nano patents, Since our granted or a materials three of secrets, XX manufacturing XX and a a both we believe wafer the we have is of license early amassing today what to Akoustis, patents piezoelectric option upon combination pending, granted portfolio days includes, valuable Company, based combined high-performance, MEMS-based to intellectual at patents unique and property, and substantial been of the with novel trade very which flow. as
secrets We represents shareholders. portfolio, issued and for as our unpublished as pending both believe in IP significant growing our patents well value trade
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manufacturing Akoustis IDM business model. device an or so-called operates integrated
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I Next, summarize focus. end-market will our
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to like I with Next, half continue attractive company recap we during as to the RF important the some of our XXXX, commercial milestones achieved into transition of stage requiring premium take moment product calendar markets first multiple would a a filters. performance
defense of One milestones multiple of XXXX of XXXX. successfully the for the from half application. important first commencement to the calendar production X.X filters achieved was in began half first from revenue most of with filter gigahertz the our in revenue initial during a XXXX We September commercial shipping prototype radar of product this sale orders
leader first we and channel made with and on have on distribution in progress XXXX, excess our of units. SoC X.X gigahertz partner Second, half XX,XXX multiple tremendous calendar RF signing filter shipment, during engagement, the multiple of shipment preproduction global
X.X radio. Our filter gigahertz supports multiuser XxX engagement designs MIMO reference up to
which now transitioned first uses last performing we WiFi X.X wide band its and a customer passband lock deliverables. XXX chain started which filter, we from a are on part. focused to Third, wide December, tandem the X.X a identical higher supply design as and announced this megahertz gigahertz part recently as iteration successfully we sampling second iteration exhibits We gigahertz
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the massive Furthermore, half we X also of OEM samples first power a our infrastructure saw multibillion second XXXX the Tier chip during announced of half of MIMO to XXXX. filter dollar
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Next, I'd June like during the achievements move on to to quarter.
For five the June following milestones. highlighted XXXX the quarter, previously we
expect the end First, for deliver order. June our qualifiable quarter our gigahertz first of WiFi stated filters, by preproduction fully filters the and that we X.X ship coexistence we to
co-existent filters to gigahertz customers. tandem currently June milestone While our this our end XX shipping in first we of announce achieve lock X.X the were X.X design did with our gigahertz we XXth, filters unable July are and by preproduction potential to by
only the other and gigahertz WiFi our tandem now, X.X gigahertz, and routers devices, door market. the of industry’s tri-band high-volume to As consumer opening offer we filters X.X BAW, first for first coexistence
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discussed a order XG As from this earlier additional received two recently the on filters mobile I call, for new we follow-on customer.
mobile market. to together ways the We’re deliver currently for to work exploring filters XG high-volume
of we our X.X stated June level also would We our wafer by package gigahertz demonstrator quarter. technology end first filter the working the that of the with deliver
to sample level successfully alternative quarter, manufacturing. wafer did the specializes decision in we WLP from in-house of our that the switch have or WLP early during supplier, mechanical the production to made we an June our While supplier packaging receive packaging
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Our to infrastructure samples deliver third to was XG potential customers. objective
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product future and wins comment sampling about to design expect in We updates.
production X.X open all customer. Our the June that orders from the delivery to fourth was our chain customer’s to requirement happy quarter aligned our all defense X.X milestone supply were gigahertz outstanding report able for and this gigahertz the our is against orders of deliver filter. now for with filters we I'm
We orders defense new support programs the well. the expect new for this with product. current X.X And in gigahertz in this customer plan to product as we future
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in and these develop preproduction to filters expect half expect calendar XXXX the delivery calendar for We second of early during XXXX.
on now for of management milestones each investor At would September quarter, touch assembles beginning new current team quarter. the to our objectives the the for quarter. key I like our
objectives top September for the five are quarter. the Here
gigahertz near-term filter filters the First, product. gigahertz we with filter the WiFi plan deliver of X.X works tandem most the The product gigahertz market X.X to us end in the to as September X.X the CPE qualifiable important WiFi our existing position by quarter. WiFi to fully gigahertz penetrate X.X remains
XBAW have in significant interest and SOC tandem We solutions from ODMs filter our companies. multiple OEMs,
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slated it While quarter, the two this June for for was originally milestone was reasons. deprioritized
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result, large for high access frequency seeking multiple are a mobile companies we discussions handset to coexistence with technology XG filters applications. mobile As in
to base infrastructure our samples X XBAW Finally, to filter wireless ship our we expect of for XG massive customer MIMO stations. Tier
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or happy of are As infrastructure or I'm report, currently one that to XG our more filters. more insertion together we of product one of a for result platforms to working meeting, identify
range our on milestones. Next, touch I will long
infrastructure and from on We achieving with beyond. handset filters are revenue XXXX focused in initially network revenue future in growth opportunities substantial mobile and ramping applications WiFi and XG
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begins succeeding ongoing to market XG network the the path the our in development Second, and XG filter of infrastructure customer-funded execution with program.
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our XG Beyond our into matched we plan to in expand technology. mobile, mobile filters key lead to handsets internal WLP customer with
aligned several We well high may incumbent bandwidth X new believe difficult technology all bands, X power module ongoing handling, which discussions handset and with for have which of challenging and OEMs filter technologies. which XG and mobile wide XBAW require companies we with Tier high for our Tier frequencies, and front-end be and
to two market for or XBAW applications Finally, announce we expect new our one technology.
broad frequency spectrum to X in leadership attracting potential our the in priority a set current of X markets. is customers technology Our four gigahertz
markets tuned filters. capabilities in Stay updates building XBAW future. that blocks additional in of the RF our interest leverage for and/or received have the We
long-term we our mobile represent see Company and network XG fastest meaningful the to to opportunities. the lies revenue positioning summarize while in WiFi, path strategy, To handsets, infrastructure largest revenue our defense, in which participate
customers. our in to XG opportunities current Our recent traction mobile given engagement continue with our of mobile expansion gain
are interest multiple we addition, Tier handset In ultra-high for filters. from band OEMs seeing X also increased
Next, select June the from quarter. want to mention I financials
on financial be referenced QX call preliminary deadline. information We filed and September unaudited. any will XX-K Therefore, XXth expect XXXX our this to the by be
key cost and wafer defense management investing expected continues in future and team support product expansion revenue to ramp. filter to RF Our control while capacity WiFi, network, developments band infrastructure,
fourth June the expect XXX,XXX, above the is which quarter report to midpoint net ended For our we of XXth, guidance. previous sales of
quarter, the quarter $XX.X the fab. We cash During we capacity of including our York cash on New approximately expansion with CapEx of million used $X.X in million in wafer $X.X approximately balance million sheet. ended the for
to visibility, quarter, revenues For overall current expect quarter-over-quarter. the September our flat given be we
MEMS as declining However, dramatically expected, legacy quarter. that non-core September revenue our it is note to is the foundry in important
to comparison quarter little foundry XX% efforts legacy focus and remainder filter beyond true our than expect filter to On our and December revenue is core business. no revenue XXX% a more the expected BAW to sequentially in FYXX. the revenue our expected sequentially grow quarterly XBAW we basis, filter on We of related in for September, on as is increase
product our As confident long we are growing term with unchanged. remains our outlook mid portfolio, to
over call, per in millions hundreds investing discussed engagements XBAW of order months upto support sales we are of the our emerging As produce folds to manufacturing in year. opportunities, passive by filters five to to our we next capacity previous increase XX in current
to X equipped. billion fully year scale expansion, Beyond produce our XBAW our expects be to the current wafer when per Company filters fab New to able York upto
update going thank these In would and joined have on our stated conclusion, on us to each quarter diligently I against objectives, to we today like objectives, this are plan who you of forward. those, working we execution to achieve call. each
including XBAW which operation, our spectrum, limited staff, historical qualified in the target strong pillars Company markets. growing volume management to in patented We and wafer manufacturing to continue competition large and opportunities is the with and expanding solid high-band address high-growth ultra-high-band technology, end our and four market build on technical
tandem with X.X now positioned gigahertz We penetrate the first market WiFi and high-band favorably to X.X BAW world’s are solution. the filter
network Beyond, filters. strong we engagements with and growth XG coexistence infrastructure Company high-performance BAW opportunities mobile RF leaders, in handsets our global have providing market with in
continue Before hard shareholders employees ending their our and the my like Company. remarks, to for our congratulate mission support would commitment to who work our and I and thank to
like for question. please And with community. call that first open I the investment Operator, to with questions the from go ahead would the
