Why Akoustis Technologies Stock Is Up Today
Portfolio Pulse from Erica Kollmann
Akoustis Technologies, Inc (NASDAQ:AKTS) shares are trading higher after the company announced a $13 million purchase order from an existing customer for Wi-Fi Access Points production programs. This brings the total production commitments to over $21 million. The order supports the customer's Wi-Fi 6E and Wi-Fi 7 platforms, and Akoustis plans to deliver several million units over the next 3-4 quarters.
August 13, 2024 | 2:42 pm
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Akoustis Technologies shares are up 9.25% after announcing a $13 million purchase order from an existing customer, bringing total commitments to over $21 million. The order supports Wi-Fi 6E and Wi-Fi 7 platforms.
The announcement of a significant purchase order from an existing customer indicates strong demand for Akoustis' products, which is likely to positively impact the company's revenue and stock price in the short term.
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