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Akoustis sees March quarter revenue $8.3M-$8.8M
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Akoustis sees March quarter revenue $8.3M-$8.8M

Looking ahead, the Company expects return to record revenue in the March quarter of up 18 to 25% in the $8.3 to $8.8 million range. Over the past several months we have undertaken significant expense reductions and cost saving measures that we estimate will reduce our operating cash flow burn rate below $8 million for the December quarter. Given the top-line projections, the Chips ITC refund, and a full quarter of cost savings, we currently expect operating cash burn to be below $6 million in the March quarter with operating cashflow breakeven less than one year away.

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