Akoustis Registers 83% Revenue Growth In Q3; Adds Another Tier-1 5G Mobile RF Module Customer
Akoustis Technologies, Inc (NASDAQ:AKTS) reported third-quarter FY22 revenue growth of 83% year-on-year (25% Q/Q) to $4.61 million, missing the consensus of $4.70 million. Non-GAAP EPS loss of $(0.27) missed the consensus loss of $(0.22). Akoustis held $55.9 million in cash and equivalents. CEO Jeff Shealy stated, "Despite the persistent macro headwinds presented by…
Benzinga ·
Benzinga
