Akoustis Technologies designs and manufactures RF filters used in wireless devices. RF filters are a critical component in the RF front-end of wireless devices, selecting desired signals and rejecting interference from adjacent frequency bands. Akoustis' core product is its proprietary bulk acoustic wave (BAW) filter, manufactured using its patented XBAW process. BAW filters are preferred over older surface acoustic wave (SAW) technology for high-frequency bands, handling higher frequencies, wider bandwidths, and higher power levels. Akoustis sells discrete filter chips directly to OEMs building Wi-Fi access points, routers, enterprise networking gear, 5G infrastructure equipment, and defense electronics, as well as to front-end module manufacturers. Wi-Fi is the largest near-term revenue driver, with over 22 design wins in Wi-Fi 6E and Wi-Fi 7 programs. Akoustis also operates two smaller subsidiaries: RFMi, a fabless business selling SAW-based filters and oscillators to automotive and industrial IoT markets, and GDSI, which provides back-end semiconductor wafer processing services to over 250 customers. Design wins are central to Akoustis' business model — once a filter is qualified and integrated into an OEM platform, revenue follows the OEM's production ramp. Akoustis also earns non-recurring engineering and government contract revenue, including DARPA-funded programs that partially subsidize R&D. The company has not been profitable, funding itself through equity and debt, and faces a significant going concern risk tied to a roughly $57M legal judgment from Qorvo litigation.