Akoustis Q3 rev $7.5M (+7% QoQ); net loss $23.3M; aims breakeven in 9 months

ATECH (PARENT) RESOLUTION CORP.

2024-Q3 EPS reported -$0.75 revenue$21,529,000

Q3 revenue $7.5M (+7% QoQ); filter-related revenue up 13% QoQ; gross profit $349K vs -$1.1M year ago.
Net loss $23.3M ($0.26/share) vs $15.5M loss a year ago; operating loss $22.6M.
Cash & equivalents $15.2M, down from $43.1M at June 2023; expects operating cash flow breakeven within 9 months.
Q4 revenue guidance $7.0-7.5M; cost-saving measures reduced cash burn by 31% QoQ.
Recent design wins in Wi-Fi 7, 5G infrastructure, defense; CHIPS Act ITC refund expected to support.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ATECH (PARENT) RESOLUTION CORP. reported third fiscal quarter for the period ended March 31, 2024 results: revenue $7.5 million.

Period: third fiscal quarter for the period ended March 31, 2024
Revenue: $7.5 million
Result: reported results

Exact text from the filing

filters for mobile and other wireless applications, today announced third fiscal quarter results for the period ended March 31, 2024. Revenue was up 7% quarter-over-quarter to $7.5 million, including 13% growth sequentially in filter related revenue. Based on hundreds of active customers, robust activity in the sales and design win pipelines, and the semiconductor

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Source: SEC EDGAR

accession 0001213900-24-041902

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