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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): February 13, 2024
AKOUSTIS TECHNOLOGIES, INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-38029 |
|
33-1229046 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification Number) |
9805 Northcross Center Court, Suite A
Huntersville,
NC 28078
(Address
of principal executive offices, including zip code)
704-997-5735
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class: |
|
Trading
Symbol: |
|
Name
of each exchange on which registered: |
Common Stock, $0.001 par value |
|
AKTS |
|
The Nasdaq Stock Market LLC
(Nasdaq
Capital Market) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.b-2 of this chapter)
Emerging
Growth Company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02.
Results of Operations and Financial Conditions.
On
February 13, 2024, Akoustis Technologies, Inc. announced its financial results for the fiscal quarter ended December 31, 2023. A
copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The
information in this Current Report on Form 8-K and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities
of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act,
except as expressly set forth by specific reference in such filing.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
Akoustis
Technologies, Inc. |
|
|
|
Date: February
13, 2024 |
By: |
/s/
Kenneth E. Boller |
|
Name: |
Kenneth E. Boller |
|
Title: |
Chief Financial Officer |
2
Exhibit 99.1
Akoustis Reports Second Quarter FY24 Results
| ● | Q2
Revenue Up 20% Year-Over-Year, In-Line with Prior Guidance |
| ● | Guiding Record Quarterly Revenue for the March Quarter—Up 18 to
25% Sequentially |
| ● | Growth, Cost Savings Initiatives, CHIPS Act ITC Refund Support Operating
Cash Flow Breakeven in December Quarter |
| | |
| ● | Robust Customer Activity in Wi-Fi AP, 5G Infrastructure, Defense, Timing
Control, Semiconductor Back-End Services |
| ● | Company to Host Investor Update Call Today at 8:00 am ET |
Charlotte, N.C., February 13, 2024 (GLOBE NEWSWIRE)
– Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer
(IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, today announced second fiscal
quarter results for the period ended December 31, 2023. Revenue was up 20% year-over-year to $7.0 million, in line with the Company’s
guidance.
Based on hundreds of active customers, robust
activity in the sales and design win pipelines, and the semiconductor services business, as well as new product introductions in Wi-Fi
6E/7 and 5G infrastructure the Company expects, as previously guided, to report record revenue in the March quarter in the $8.3 to $8.8
million range, up 18 to 25% sequentially.
The Company continues to take significant expense
reductions and cost saving measures that are projected to reduce its operating cash flow burn rate by 30 to 38% for the March quarter.
Given the top-line projections, the refund from the CHIPS Act investment tax credit (ITC), and a full quarter of cost savings, the Company
currently expects to reach breakeven operating cashflow by the end of the calendar year.
Jeff Shealy, founder and CEO of Akoustis, stated,
“Akoustis continues to be a leader in technological innovation and sees sustainable growth. We are driving advancements in the Wi-Fi
AP, 5G Infrastructure, Defense and Automotive sectors, and anticipating demand to increase in the Wi-Fi 6E and 7 markets.” Mr. Shealy
continued, “Consistent with our early guidance on fiscal Q3 during last quarter’s investor call, we expect to achieve record
revenue in the March quarter while we continue to focus on product cost savings and expense reductions.”
Recent
Business Highlights
| ● | Received Wi-Fi 7 design
win from Tier-1 US-based carrier with expected production ramp in September quarter of calendar 2024 |
| ● | Achieved Wi-Fi 7 design
win and volume orders for two new programs with current Tier-1 Enterprise Wi-Fi solutions provider with expected production ramp in second
half calendar year 2024 |
| ● | Engaged with a fifth
mobile partner offering our XBAW® foundry process and shipped multiple die for a future multiplexer application in the
Mobile market |
| ● | Completed redesign of
5G band 41 and 5G US 3.8 GHz Network Infrastructure filter solutions |
| ● | Secured a wBMS design
win with Tier-1 Automotive product supplier from an Integrated Circuit (IC) reference design expected to ramp in March quarter of calendar
year 2025 |
| ● | Received a Wi-Fi 7 design
win and prototype orders from Tier-1 Enterprise Wi-Fi access point (“AP”) provider to enable production ramp in second half
of calendar year 2024 |
| ● | Secured a high-volume
XBAW® filter order for Wi-Fi 6E design win from Tier-1 consumer AP customer |
| ● | Successfully completed
Phase 1 of Defense Advanced Research Projects Agency (DARPA) contract to pursue new materials and device manufacturing methods to scale
XBAW® technology to 18 GHz and signed a new multi-year, multi-million dollar contract for Phase 2 of the DARPA Compact Front-end Filters
at the ElEment-level (COFFEE) program. |
| ● | Secured a development
order from a leading commercial SATCOM company and brought our active foundry customer count to four |
| ● | Received Wi-Fi NOW Award with HPE Aruba Networking
for Best Enterprise Wi-Fi Solution |
| ● | Received a purchase
order from Tier-2 5G Mobile and Wi-Fi AP RF front-end module customer for design iterations of three previously shipped designs |
Akoustis will host an investor call to provide
a business update and outlook, followed by a Q & A session, this morning at 8:00 am ET. The call-in numbers are 877-407-3982 (domestic)
and 201-493-6780 (international). The conference call will be webcast live on the Company’s website and will be available for playback
at the following URL: https://ir.akoustis.com/ir-calendar.
Akoustis maintains its momentum with robust demand
and an expanding sales pipeline for its XBAW® filter products, in addition to its new XBAW®/SAW resonator
and oscillator products, and semiconductor back-end services. The Company continues to secure new design wins in its target markets including
Wi-Fi, 5G Infrastructure, Automotive and Defense, many of which are slated to ramp into production in the coming months.
Second Fiscal Quarter Financial Performance
Akoustis Technologies, Inc.
Condensed Consolidated Balance Sheets
(In thousands, except share data)
(Unaudited)
| |
December 31, | | |
June 30, | |
| |
2023 | | |
2023 | |
Assets | |
| | |
| |
Assets: | |
| | |
| |
Cash and cash equivalents | |
$ | 12,875 | | |
$ | 43,104 | |
Accounts receivable, net | |
| 4,808 | | |
| 4,753 | |
Inventory | |
| 5,476 | | |
| 7,548 | |
Other current assets | |
| 2,859 | | |
| 4,440 | |
Total current assets | |
| 26,018 | | |
| 59,845 | |
| |
| | | |
| | |
Property and equipment, net | |
| 56,198 | | |
| 57,826 | |
Goodwill | |
| 14,559 | | |
| 14,559 | |
Intangibles, net | |
| 13,876 | | |
| 15,241 | |
Operating lease right-of-use asset, net | |
| 1,158 | | |
| 1,374 | |
Other assets | |
| 74 | | |
| 72 | |
Total Assets | |
$ | 111,883 | | |
$ | 148,917 | |
| |
| | | |
| | |
Liabilities and Equity | |
| | | |
| | |
Current Liabilities: | |
| | | |
| | |
Accounts payable and accrued expenses | |
$ | 13,748 | | |
$ | 17,027 | |
Deferred revenue | |
| 56 | | |
| 105 | |
Operating lease liability | |
| 478 | | |
| 439 | |
Total current liabilities | |
| 14,282 | | |
| 17,571 | |
| |
| | | |
| | |
Long-term Liabilities: | |
| | | |
| | |
Convertible notes payable, net | |
| 41,653 | | |
| 43,347 | |
Promissory notes payable | |
| 1,333 | | |
| 667 | |
Operating lease liability | |
| 729 | | |
| 976 | |
Other long-term liabilities | |
| 117 | | |
| 117 | |
Total Long-Term liabilities | |
| 43,832 | | |
| 45,107 | |
| |
| | | |
| | |
Total Liabilities | |
| 58,114 | | |
| 62,678 | |
Commitments and Contingencies (Note 14) | |
| | | |
| | |
| |
| | | |
| | |
Stockholders’ Equity | |
| | | |
| | |
Preferred stock, par value $0.001; 5,000,000 shares authorized; none issued and outstanding | |
| — | | |
| — | |
Common stock, $0.001 par value; 175,000,000 shares authorized; 75,435,479, and 72,154,647 shares issued and outstanding at December 31, 2023 and June 30, 2023, respectively | |
| 75 | | |
| 72 | |
Additional paid in capital | |
| 360,090 | | |
| 356,522 | |
Accumulated deficit | |
| (306,396 | ) | |
| (270,355 | ) |
Total Stockholders’ Equity | |
| 53,769 | | |
| 86,239 | |
Total Liabilities and Stockholders’ Equity | |
$ | 111,883 | | |
$ | 148,917 | |
Akoustis Technologies, Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per share data)
(Unaudited)
| |
For the Three Months Ended December 31, 2023 | | |
For the Three Months Ended December 31, 2022 | | |
For the Six Months Ended December 31, 2023 | | |
For the Six Months Ended December 31, 2022 | |
Revenue | |
$ | 7,017 | | |
$ | 5,865 | | |
$ | 14,019 | | |
$ | 11,432 | |
| |
| | | |
| | | |
| | | |
| | |
Cost of revenue | |
| 6,336 | | |
| 5,274 | | |
| 14,422 | | |
| 11,727 | |
| |
| | | |
| | | |
| | | |
| | |
Gross profit (loss) | |
| 681 | | |
| 591 | | |
| (403 | ) | |
| (295 | ) |
| |
| | | |
| | | |
| | | |
| | |
Operating expenses | |
| | | |
| | | |
| | | |
| | |
Research and development | |
| 6,411 | | |
| 7,645 | | |
| 16,758 | | |
| 17,730 | |
General and administrative expenses | |
| 9,294 | | |
| 5,838 | | |
| 19,518 | | |
| 12,833 | |
Total operating expenses | |
| 15,705 | | |
| 13,483 | | |
| 36,276 | | |
| 30,563 | |
| |
| | | |
| | | |
| | | |
| | |
Loss from operations | |
| (15,024 | ) | |
| (12,892 | ) | |
| (36,679 | ) | |
| (30,858 | ) |
| |
| | | |
| | | |
| | | |
| | |
Other (expense) income | |
| | | |
| | | |
| | | |
| | |
Interest (expense) income | |
| (679 | ) | |
| (702 | ) | |
| (1,164 | ) | |
| (1,445 | ) |
Other (expense) income | |
| 1 | | |
| 5 | | |
| — | | |
| (9 | ) |
Change in fair value of contingent consideration | |
| — | | |
| 1,616 | | |
| — | | |
| 1,170 | |
Change in fair value of derivative liabilities | |
| (7 | ) | |
| 818 | | |
| 2,006 | | |
| 839 | |
Total other (expense) income | |
| (685 | ) | |
| 1,737 | | |
| 842 | | |
| 555 | |
Net loss before income taxes | |
$ | (15,709 | ) | |
$ | (11,155 | ) | |
$ | (35,837 | ) | |
$ | (30,303 | ) |
| |
| | | |
| | | |
| | | |
| | |
Income Taxes | |
| 2 | | |
| 1 | | |
| 3 | | |
| (56 | ) |
| |
| | | |
| | | |
| | | |
| | |
Net Loss | |
$ | (15,711 | ) | |
$ | (11,156 | ) | |
$ | (35,840 | ) | |
$ | (30,247 | ) |
| |
| | | |
| | | |
| | | |
| | |
Net loss per common share - basic and diluted | |
$ | (0.21 | ) | |
$ | (0.19 | ) | |
$ | (0.49 | ) | |
$ | (0.53 | ) |
| |
| | | |
| | | |
| | | |
| | |
Weighted average common shares outstanding - basic and diluted | |
| 73,084,663 | | |
| 57,583,844 | | |
| 72,695,676 | | |
| 57,369,118 | |
The following non-GAAP
measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. These non-GAAP
measures exclude significant expenses that are required by GAAP to be recorded in the Company’s financial statements and are subject
to inherent limitations. Please see reconciliations to comparable GAAP measures below and descriptions of these non-GAAP measures under
“Non-GAAP Measures.”
Non-GAAP operating loss and non-GAAP net loss
for the three and six months ended December 31, 2023, and 2022 were as follows:
Akoustis Technologies, Inc.
Unaudited
Reconciliations of Non-GAAP Financial Measures
| |
Three Months Ended | |
(in thousands) | |
December 31, 2023 | | |
December 31, 2022 | |
| |
| | |
| |
GAAP operating loss | |
$ | (15,024 | ) | |
$ | (12,892 | ) |
Amortization of acquisition-related intangible assets | |
| 646 | | |
| 348 | |
Recognition of acquisition-related promissory note | |
| 333 | | |
| - | |
Gain on sale of fixed assets | |
| 203 | | |
| 15 | |
Common stock issued for services | |
| 316 | | |
| 1,895 | |
Non-GAAP operating loss | |
$ | (13,526 | ) | |
$ | (10,634 | ) |
| |
| | | |
| | |
Weighted average common shares outstanding - basic and diluted | |
| 73,084,663 | | |
| 57,583,844 | |
Non-GAAP operating loss per common share - basic and diluted | |
$ | (0.19 | ) | |
$ | (0.18 | ) |
| |
Three Months Ended | |
(in thousands) | |
December 31, 2023 | | |
December 31, 2022 | |
| |
| | |
| |
GAAP net loss | |
$ | (15,711 | ) | |
$ | (11,156 | ) |
Change in fair value of contingent consideration | |
| - | | |
| (1,616 | ) |
Change in fair value of derivative liabilities | |
| 7 | | |
| (818 | ) |
Amortization of acquisition-related intangible assets | |
| 646 | | |
| 348 | |
Recognition of acquisition-related promissory note | |
| 333 | | |
| - | |
Debt discount amortization | |
| 158 | | |
| 146 | |
Gain on sale of fixed assets | |
| 203 | | |
| 15 | |
Common stock issued for services | |
| 316 | | |
| 1,895 | |
Non-GAAP net loss | |
$ | (14,048 | ) | |
$ | (11,186 | ) |
| |
| | | |
| | |
Weighted average common shares outstanding - basic and diluted | |
| 73,084,663 | | |
| 57,583,844 | |
Non-GAAP net loss per common share - basic and diluted | |
$ | (0.19 | ) | |
$ | (0.19 | ) |
| |
Six Months Ended | |
(in thousands) | |
December 31,
2023 | | |
December 31, 2022 | |
GAAP net loss | |
$ | (36,679 | ) | |
$ | (30,858 | ) |
Amortization of acquisition-related intangible assets | |
| 1,293 | | |
| 695 | |
Recognition of acquisition-related promissory note | |
| 666 | | |
| - | |
Gain on sale of fixed assets | |
| 268 | | |
| 16 | |
Common stock issued for services | |
| 2,199 | | |
| 4,244 | |
Non-GAAP net loss | |
$ | (32,253 | ) | |
$ | (25,903 | ) |
| |
| | | |
| | |
Weighted average common shares outstanding - basic and diluted | |
| 72,695,676 | | |
| 57,369,118 | |
Non-GAAP net loss per common share - basic and diluted | |
$ | (0.44 | ) | |
$ | (0.45 | ) |
| |
Six Months Ended | |
(in thousands) | |
December 31,
2023 | | |
December 31, 2022 | |
GAAP net loss | |
$ | (35,840 | ) | |
$ | (30,247 | ) |
Change in fair value of contingent consideration | |
| - | | |
| (1,170 | ) |
Change in fair value of derivative liabilities | |
| (2,006 | ) | |
| (839 | ) |
Amortization of acquisition-related intangible assets | |
| 1,293 | | |
| 695 | |
Recognition of acquisition-related promissory note | |
| 666 | | |
| - | |
Debt discount amortization | |
| 312 | | |
| 290 | |
Gain on sale of fixed assets | |
| 268 | | |
| 16 | |
Common stock issued for services | |
| 2,199 | | |
| 4,244 | |
Non-GAAP net loss | |
$ | (33,108 | ) | |
$ | (27,011 | ) |
| |
| | | |
| | |
Weighted average common shares outstanding - basic and diluted | |
| 72,695,676 | | |
| 57,369,118 | |
Non-GAAP net loss per common share - basic and diluted | |
$ | (0.46 | ) | |
$ | (0.47 | ) |
Non-GAAP Measures
We regularly review a
number of metrics, including non-GAAP operating loss and non-GAAP net loss, which are not financial measures calculated in accordance
with generally accepted accounting principles in the United States (“GAAP”). Non-GAAP operating loss represents operating
loss before common stock issued for services, amortization of acquisition-related intangible assets, recognition of acquisition-related
promissory note, and gain or loss on the sale of fixed assets. Non-GAAP net loss represents net loss before change in fair value
of contingent consideration, change in fair value of derivative liabilities, debt discount amortization, gain on extinguishment of debt,
gain or loss on disposal of fixed assets, recognition of acquisition-related promissory note, amortization of acquisition-related intangible
assets, tax adjustments related to acquisitions and common stock issued for services. The Company believes these non-GAAP measures
provide useful information to management, investors, and financial analysts regarding certain financial and business trends relating to
the Company’s financial condition and results of operations. We use these non-GAAP measures to evaluate our business, measure our
performance, identify trends affecting our business, formulate financial projections, and make strategic decisions.
About Akoustis Technologies, Inc.
Akoustis® (http://www.akoustis.com/)
is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing
to address the market requirements for improved acoustic wave RF filters — targeting higher bandwidth, higher operating frequencies
and higher output power compared to legacy polycrystalline BAW technology. The Company utilizes its proprietary and patented
XBAW® manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets,
which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is
driven by the significant advances of poly-crystal, single-crystal, and other high purity piezoelectric materials and the resonator-filter
process technology which enables optimal trade-offs between critical power, frequency and bandwidth performance specifications.
Akoustis plans to service the fast growing multi-billion-dollar RF
filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 125,000 sq. ft.
ISO-9001:2015 registered commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000
cleanroom facility — tooled for 150-mm diameter wafers — for the design, development, fabrication and packaging
of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology
corridor near Charlotte, North Carolina.
Forward-Looking Statements
This document includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, each
as amended, that are intended to be covered by the “safe harbor” created by those sections. These forward-looking statements
include, but are not limited to, statements about our estimates, expectations, beliefs, intentions, plans or strategies for the future
(including our possible future results of operations, profitability, business strategies, competitive position, potential growth opportunities,
potential market opportunities and the effects of competition), and the assumptions underlying such statements. Forward-looking statements
include all statements that are not historical facts and typically are identified by use of terms such as “may,” “might,”
“would,” “will,” “should,” “could,” “project,” “expect,” “plan,”
“strategy,” “anticipate,” “attempt,” “develop,” “help,” “believe,”
“think,” “estimate,” “predict,” “intend,” “forecast,” “seek,”
“potential,” “possible,” “continue,” “future,” and similar words (including the negative
of any of the foregoing), although some forward-looking statements are expressed differently. Forward-looking statements are neither historical
facts nor assurances of future results, performance, events or circumstances. Instead, these forward-looking statements are based
on management’s current beliefs, expectations and assumptions, and are subject to risks and uncertainties. Factors that could
cause actual results to differ materially from those currently anticipated include, without limitation, risks relating to our limited
operating history; our inability to generate revenues or achieve profitability; the failure of our common stock to meet the minimum requirements
for continued listing on the Nasdaq Capital Market, the impact of a pandemic or epidemic or natural disaster, including the COVID-19 pandemic,
the Russian-Ukrainian and Middle East conflicts and other sources of volatility on our operations, financial condition and the worldwide
economy, including our ability to access the capital markets; increases in prices for raw materials, labor, and fuel caused by rising
inflation; our inability to obtain adequate financing and sustain our status as a going concern; the results of our research and development
activities; our inability to achieve acceptance of our products in the market; general economic conditions, including upturns and downturns
in the industry; existing or increased competition; our inability to successfully scale our New York wafer fabrication facility and related
operations while maintaining quality control and assurance and avoiding delays in output; contracting with customers and other parties
with greater bargaining power and agreeing to terms and conditions that may adversely affect our business; the possibility that the anticipated
benefits from business acquisitions will not be realized in full or at all or may take longer to realize than expected; the possibility
that costs or difficulties related to the integration of acquired businesses’ operations will be greater than expected and the possibility
of disruptions to our business during integration efforts and strain on management time and resources; risks related to doing business
in foreign countries, including rising tensions between the United States and China; any cybersecurity breaches or other disruptions
compromising our proprietary information and exposing us to liability; our limited number of patents; failure to obtain, maintain, and
enforce our intellectual property rights; claims of infringement, misappropriation or misuse of third party intellectual property, including
the lawsuit filed by Qorvo, Inc. in October 2021, that, regardless of merit, has resulted in significant expense; our inability to attract
and retain qualified personnel; the outcome of current and any future litigation; our reliance on third parties to complete certain processes
in connection with the manufacture of our products; product quality and defects; our inability to successfully manufacture, market and
sell products based on our technologies; our ability to meet the required specifications of customers and achieve qualification of our
products for commercial manufacturing in a timely manner; our failure to innovate or adapt to new or emerging technologies, including
in relation to our competitors; our failure to comply with regulatory requirements; stock volatility and illiquidity; our failure to implement
our business plans or strategies; our failure to maintain effective internal control over financial reporting; our failure to obtain or
maintain a Trusted Foundry accreditation or our New York fabrication facility; and shortages in supplies needed to manufacture our products,
or needed by our customers to manufacture devices incorporating our products. These and other risks and uncertainties are described in
more detail in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections
of the Company’s most recent Annual Report on Form 10-K and in subsequently filed Quarterly Reports on Form 10-Q. Considering these
risks, uncertainties and assumptions, the forward-looking statements regarding future events and circumstances discussed in this document
may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You
should not rely upon forward-looking statements as predictions of future events. The forward-looking statements included in this document
speak only as of the date hereof and, except as required by law, we undertake no obligation to update publicly or privately any forward-looking
statements, whether written or oral, for any reason after the date of this document to conform these statements to new information, actual
results or to changes in our expectations.
Contact:
COMPANY:
Kenneth Boller
Akoustis Technologies
Chief Financial Officer
(704) 274-3598
kboller@akoustis.com
7
v3.24.0.1
Cover
|
Feb. 13, 2024 |
Cover [Abstract] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Feb. 13, 2024
|
Entity File Number |
001-38029
|
Entity Registrant Name |
AKOUSTIS TECHNOLOGIES, INC.
|
Entity Central Index Key |
0001584754
|
Entity Tax Identification Number |
33-1229046
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
9805 Northcross Center Court
|
Entity Address, Address Line Two |
Suite A
|
Entity Address, City or Town |
Huntersville
|
Entity Address, State or Province |
NC
|
Entity Address, Postal Zip Code |
28078
|
City Area Code |
704
|
Local Phone Number |
997-5735
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Title of 12(b) Security |
Common Stock, $0.001 par value
|
Trading Symbol |
AKTS
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
false
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Akoustis Technologies (NASDAQ:AKTS)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Akoustis Technologies (NASDAQ:AKTS)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024