![]() ![]() Photographers, game developers, and digital artists enjoy our free filter library: PBR textures, seamless tiles, distortions, watercolor effects. Price Action: AKTS shares closed higher by 0.27% at $7.52 on Friday. Filter Forge is versatile graphics software for Windows and Mac that gives you access to over 13500 artistic photo effects and realistic textures and a visual editor to create your own filters."This new mobile customer selected our patented XBAW technology given its superior isolation and rejection performance, and we expect that this will be the first of multiple mobile filters we develop for this leading RF component maker over the next few years," CEO Jeff Shealy said.Akoustis forged a deal with a new mobile customer to develop an XBAW filter for a challenging 4G/5G band. ![]() Akoustis plans to increase the annual production capacity at its New York fab by the end of CY21 to 500 million filters per year."We continue to experience strong demand and a growing sales funnel for our WiFi 6E, 5G mobile and CBRS XBAW™ filters," CEO Jeff Shealy said.Akoustis' December revenue guidance of $3.5 million -$4.0 million will likely be up by 100% Q/Q at the mid-point.Outlook: Akoustis looks to return to double-digit sequential revenue growth in the December quarter, as it ramped volume XBAW RF filter solutions to multiple customers across the WiFi 6, WiFi 6E, 5G network infrastructure, and other markets.Akoustis held $75.7 million in cash and equivalents.EPS loss of $(0.25) missed the consensus loss of $(0.20). The company's previous revenue guidance was $2.0 million. Akoustis Technologies Inc (NASDAQ: AKTS) reported first-quarter FY22 revenue growth of 193.7% year-on-year to $1.87 million, missing the consensus of $2.01 million. ![]()
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