CHARLOTTE, N.C. - Akoustis Technologies, Inc. (NASDAQ: NASDAQ:AKTS), a manufacturer of high-band RF filters, has announced the integration of its patented XBAW® filters into Wi-Fi 7 gateway platforms for a Tier-1 Network Infrastructure customer. The company will supply four filters for two different platforms, designed to enhance connectivity and performance for both enterprise and home gateway solutions.
The advanced filters are set to support quad-band Wi-Fi 7 enterprise gateways with 4x4 MIMO capabilities on each band. Two of these filters feature a narrow passband of 345 MHz in the 5-Hi GHz band and an ultra-wide passband of 1180 MHz in the full 6 GHz band, which are expected to improve multi-link operation for increased throughput and reduced latency.
Additionally, Akoustis will provide two other filters for the customer's tri-band Wi-Fi 7 home gateway solution, also with 4x4 MIMO on each band. These filters operate at 5.5 and 6.5 GHz, enabling coexistence with U-NII-1 through 3 bands and U-NII-5 through 8 bands.
Orders for both platforms have been received by Akoustis, with a production ramp scheduled throughout the calendar year 2024. Dave Aichele, Executive Vice President of Business Development at Akoustis, expressed enthusiasm for the expansion of their customer portfolio and the deployment of Akoustis' filters in these new platforms.
Akoustis continues to experience strong demand for its XBAW® filter products and maintains a robust sales pipeline. The company is also securing new design wins in target markets such as Wi-Fi, 5G Infrastructure, Automotive, and Defense, with many set to enter production in the upcoming months.
Akoustis' proprietary XBAW® manufacturing process is designed to produce RF filters that deliver improved performance across various wireless applications by utilizing advanced materials science and MEMS wafer manufacturing.
The information in this article is based on a press release statement from Akoustis Technologies, Inc.
InvestingPro Insights
As Akoustis Technologies (NASDAQ: AKTS) gears up for the production ramp of its XBAW® filters for Wi-Fi 7 gateway platforms, the financial landscape presents a mixed picture according to InvestingPro data. With a market capitalization of 56.45 million USD, Akoustis is navigating a challenging period characterized by significant revenue growth of 39.86% over the last twelve months as of Q2 2024, yet still grappling with negative gross profit margins of -10.85%. The company's P/E ratio stands at -0.61, reflecting investor concerns about profitability.
InvestingPro Tips suggest that analysts are cautiously optimistic about Akoustis' future, as evidenced by four analysts revising their earnings upwards for the upcoming period. This could signal confidence in the company's potential to capitalize on its recent design wins and robust sales pipeline. However, Akoustis may face difficulties in maintaining financial health, as it has been quickly burning through cash and suffers from weak gross profit margins. Additionally, the stock price has experienced considerable volatility and has seen a significant decline over the last year, with a 1 Year Price Total Return of -79.54%.
For investors considering Akoustis Technologies, these insights underscore the importance of monitoring the company's financial metrics closely. For more detailed analysis and additional InvestingPro Tips, interested parties can explore the full suite of data and insights available at Investing.com/pro/AKTS. There are 11 additional tips listed in InvestingPro to help users make more informed decisions. To enhance their experience, users can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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