Akoustis Expects June Quarter Revenue at Upper End of Previous Guidance
Akoustis Technologies, Inc. (AKTS)
NASDAQ:AMEX Investor Relations:
ir.akoustis.com
Company Research
Source: GlobeNewswire
– FYQ4 2019 Revenue Expected to Meet or Exceed Consensus Analyst Estimate –– Company Achieves Sequential Growth in XBAW Product Revenue –– Filter-Related Revenue Mix from Defense, Mobile and WiFi End Markets – Charlotte, N.C., July 10, 2019 (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, announced today that, based on a preliminary and unaudited basis, the Company expects revenue for the fourth quarter ended June 30, 2019 to be at the upper end of its previous revenue guidance of $500,000 to $600,000. It also expects revenue to meet or exceed the consensus analyst revenue estimate of $560,000. June Quarter Highlights Include: Received order and shipped first 5G mobile BAW filter samples for wireless handsets to a multibillion-dollar tier-1 telecommunications customer.Received first tandem 5.2
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