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1. Company Snapshot

1.a. Company Description

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States.It operates through two segments, Foundry Fabrication Services and RF Filters.The Foundry Fabrication Services segment provides engineering review services; and semiconductor wafer-manufacturing and microelectromechanical systems foundry services.


The RF Filters segment consists of amplifier and filter products.It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi customer premise equipment, and military and defense applications.The company was incorporated in 2013 and is headquartered in Huntersville, North Carolina.

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1.b. Last Insights on AKTS

Akoustis Technologies' recent struggles are driven by its decision to pursue a strategic sale of its business through a voluntary Chapter 11 process, which may impact investor confidence. The company's filing is aimed at ensuring a sale free and clear of Qorvo infringement following a final judgment and required cleansing process. This development may create uncertainty around the company's future, potentially hindering its ability to secure new customers and retain existing ones.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Akoustis Successfully Completes Sale of Assets to SpaceX

May -15

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Akoustis to Pursue Strategic Sale of its Business Through Voluntary Chapter 11 Process

Dec -16

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Akoustis to Pursue Strategic Sale of its Business Through Voluntary Chapter 11 Process

Dec -16

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Akoustis Secures $8 Million in Volume XBAW® Orders with Tier-1 Customer

Jul -09

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Akoustis Receives $2 Million in Volume Orders for Wi-Fi 7 Program from Tier-1 Carrier

Jun -27

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2 Radio Frequency Stocks to Watch in a Challenging Industry

Jun -21

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3 Stocks No One in Their Right Mind Would Own Right Now: June Edition

Jun -11

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3 Penny Stocks That Could Turn Your $1 Into a Windfall

May -27

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.96%)

6. Segments

Radio Frequency Filters

Expected Growth: 10.95%

Akoustis Technologies' Radio Frequency Filters growth is driven by increasing demand for 5G infrastructure, IoT devices, and smartphones. The company's proprietary XBAW technology enables high-performance filters with improved power handling and reduced size. Growing adoption in emerging markets, strategic partnerships, and expanding product portfolio also contribute to the 10.95% growth.

Fabrication Services

Expected Growth: 10.98%

Akoustis Technologies' Fabrication Services segment growth of 10.98% is driven by increasing demand for radio frequency (RF) filters and amplifiers in 5G infrastructure, accelerated adoption of Wi-Fi 6 and Wi-Fi 6E, and growing need for high-frequency components in defense and aerospace applications.

7. Detailed Products

BAW Filters

Akoustis Technologies' Bulk Acoustic Wave (BAW) filters are designed for use in 5G, Wi-Fi, and other wireless applications, providing high-frequency filtering solutions with low insertion loss and high rejection.

XBAW Filters

Akoustis' eXtended Bulk Acoustic Wave (XBAW) filters offer high-frequency filtering solutions with improved performance and smaller form factors, ideal for 5G, Wi-Fi 6, and other high-frequency applications.

RF Filters and Diplexers

Akoustis' RF filters and diplexers are designed for use in a variety of wireless applications, including 5G, Wi-Fi, and IoT devices, providing high-performance filtering and frequency separation.

Foundry Services

Akoustis offers foundry services for the development and manufacturing of custom RF filters and other semiconductor products, leveraging its expertise in BAW and XBAW technology.

8. Akoustis Technologies, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Akoustis Technologies, Inc. operates in the radio frequency (RF) filter market, which has a moderate threat of substitutes. While there are alternative technologies available, such as surface acoustic wave (SAW) filters, Akoustis' XBAW filters offer unique advantages in terms of performance and size.

Bargaining Power Of Customers

Akoustis Technologies, Inc. has a diverse customer base, including major OEMs and contract manufacturers. While customers have some bargaining power, Akoustis' proprietary XBAW technology and strong relationships with customers mitigate this power.

Bargaining Power Of Suppliers

Akoustis Technologies, Inc. has a limited number of suppliers, but they are not concentrated, and the company has developed strong relationships with them. This reduces the bargaining power of suppliers.

Threat Of New Entrants

The RF filter market is highly competitive, and new entrants can potentially disrupt the market. However, Akoustis Technologies, Inc. has a strong intellectual property portfolio and a established customer base, which creates barriers to entry for new entrants.

Intensity Of Rivalry

The RF filter market is highly competitive, with several established players. Akoustis Technologies, Inc. faces intense competition from companies like Qorvo, Skyworks, and Broadcom, which can lead to pricing pressure and reduced market share.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 34.50%
Debt Cost 5.31%
Equity Weight 65.50%
Equity Cost 12.27%
WACC 9.87%
Leverage 52.68%

11. Quality Control: Akoustis Technologies, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Sonim Technologies

A-Score: 4.7/10

Value: 10.0

Growth: 4.2

Quality: 4.1

Yield: 0.0

Momentum: 10.0

Volatility: 0.0

1-Year Total Return ->

Stock-Card
KVH Industries

A-Score: 4.1/10

Value: 6.0

Growth: 1.9

Quality: 4.0

Yield: 0.0

Momentum: 7.0

Volatility: 5.7

1-Year Total Return ->

Stock-Card
Ondas

A-Score: 4.0/10

Value: 6.0

Growth: 4.8

Quality: 3.1

Yield: 0.0

Momentum: 10.0

Volatility: 0.3

1-Year Total Return ->

Stock-Card
Akoustis Technologies

A-Score: 3.5/10

Value: 10.0

Growth: 4.9

Quality: 5.1

Yield: 0.0

Momentum: 0.5

Volatility: 0.7

1-Year Total Return ->

Stock-Card
Viasat

A-Score: 3.5/10

Value: 6.0

Growth: 1.9

Quality: 1.9

Yield: 0.0

Momentum: 10.0

Volatility: 1.0

1-Year Total Return ->

Stock-Card
Comtech

A-Score: 2.9/10

Value: 9.8

Growth: 1.2

Quality: 3.5

Yield: 1.0

Momentum: 1.0

Volatility: 0.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.04$

Current Price

0.04$

Potential

-0.00%

Expected Cash-Flows