Akoustis Technologies, Inc. Reports Earnings Results for the Fourth Quarter Ended June 30, 2023

Akoustis Technologies, Inc. is a commercial product company. The Company operates through two segments: Fabrication Services and RF Filters. Its Fabrication Services segment consists of engineering review services and backend packaging services. Its RF Filters segment consists of amplifier and filter product sales. The Company develops RF filters for fifth generation (5G), wireless fidelity (WiFi) and defense bands through its resonator device models and product design kits (PDKs). It is focused on developing, designing, and manufacturing RF filter solutions for the wireless industry for products, including smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment (CPE), automotive, industrial and defense applications. The Company has developed a microelectromechanical system (MEMS) based bulk acoustic wave (BAW) technology. It is also engaged in providing back-end semiconductor supply chain services.