Akoustis Guides Q3 Revenue Of Up 18-25% Sequentially
Portfolio Pulse from Benzinga Newsdesk
Akoustis expects to achieve record revenue in Q3, forecasting an 18-25% increase sequentially. CEO Jeff Shealy emphasized the company's focus on product cost savings and expense reductions.
February 13, 2024 | 12:16 pm
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Akoustis anticipates record revenue in Q3 with an 18-25% sequential increase, emphasizing cost savings and expense reduction efforts.
The announcement of expected record revenue growth for Q3 indicates a positive outlook for Akoustis, likely leading to increased investor confidence and potentially driving the stock price up in the short term. The focus on cost savings and expense reductions further supports the company's commitment to improving profitability, which is typically viewed favorably by investors.
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