Good day, ladies and gentlemen, and welcome to the Akoustis Technologies Fiscal 2022 Second Quarter Conference Call. As a reminder, this conference call is being recorded. At the conclusion of the company's presentation, Akoustis management will take questions. To ask a question, "please press star one" on your telephone keypad to be placed into the queue. A replay of the call will be available on the investor relations section of the Akoustis website. Thank you, operator, and good morning to everyone on the call. Welcome to Akousti's second quarter fiscal 2022 conference call. We are joined today by our founder and CEO, Jeff Shealy, interim CFO, Ken Boller, and EVP of Business Development, Dave Aichele. Before we begin, please note that today's presentation includes forward-looking statements about our business outlook. All statements other than statements of historical facts included in this conference call, such as expectations regarding our strategies, operations, costs, plans, and objectives, including the timing and prospects of product development and customer orders, our expectations regarding achieving design wins from current and future customers, the possibility of entering into collaborative or partnering relationships, potential impacts of the COVID-19 pandemic, litigation matters, guidance regarding expected revenue, product orders, and milestones for the current and future fiscal quarters, and expectations regarding the integration of acquired business operations are forward-looking statements. Such forward-looking statements are predictions based on the company's expectations as of today, and are subject to numerous risks and uncertainties. The company and our management team assume no obligations to update any forward-looking statements made on today's call. Our SEC filings mention important factors that could cause actual results to differ materially. Please refer to our latest Form 10-K and Form 10-Q filed with the SEC to get a better understanding of those risks and uncertainties. In addition, our presentation today will also refer to certain non-GAAP financial measures. A reconciliation of these measures to the most directly comparable GAAP measure is presented in our earnings call highlight release available in the investors section of akoustis.com. I would now like to turn the call over to Jeff Shealy, Founder and CEO of Akoustis. Thank you, Tom, and welcome everyone to our 2022 second fiscal quarter conference call. Akoustis made tremendous progress during the December quarter as we increased the number of customers in production five-fold and grew our revenue over 90% sequentially. We were able to accomplish this despite the ongoing headwinds in the macro environment driven by COVID-19 and the associated supply chain semiconductor shortages. We delivered record revenue of $3.7 million in the quarter, and we remain confident that we will see continued sequential revenue growth for the foreseeable future. Currently, we expect that given our growing customer activity in Wi-Fi, 5G mobile, 5G infrastructure, and other markets, revenues for our current third fiscal quarter ending March 31, 2022, will increase by more than 25%. Our Wi-Fi business continues to gain traction as we are adding new customers in both Wi-Fi 6 and Wi-Fi 6E. Our first Wi-Fi 6 customer is leveraging our leading 5.2 GHz and 5.6 GHz tandem coexistence filter solution, and we entered production with a second Wi-Fi 6 customer in the December quarter. We also ramped production with our first three Wi-Fi 6E customers during the December quarter as our 5.5 GHz and 6.5 GHz coexistence filter solutions are in the final stages of qualification and entering full production release. We were excited to announce this morning five additional Wi-Fi design wins, most of which will enter production in the first half of the current calendar year, and we expect additional design wins moving forward. I'm also pleased to announce that we expect four of our Wi-Fi 6 XBAW filter products to be fully qualified and be released into production in the current March quarter, and four additional Wi-Fi 6 XBAW filter products are expected to be qualified and released into production in the June quarter. Additionally, we continue to advance the progress of our Wi-Fi 6E diplexer, which we are currently developing for one of the largest PC chipset makers in the world. The first design of this new diplexer was shipped to this Fortune 100 customer in December, and we received positive feedback on that design. The initial performance of the diplexer performed well and enabled the customer to characterize in their system, providing valuable technical feedback for next design iteration. We remain on schedule for commercialization of this extremely exciting product. We attribute our surge in recent design wins to the fact that we delivered the first Wi-Fi 6E BAW filter solution to market and have the most extensive Wi-Fi 6E BAW filter portfolio to satisfy the enormous challenges of wide bandwidth and high frequency operation within the 5-7 GHz spectrum. To summarize our recent Wi-Fi activity, we now have more than 12 commercialized XBAW Wi-Fi filters, eight for Wi-Fi 6E, and four for Wi-Fi 6. As of today, we have announced a total of 12 design wins, up from five design wins at the end of last quarter. Furthermore, we expect to see additional Wi-Fi filter wins throughout the current calendar year. Lastly, we are well into the development of our first XBAW diplexer, which would allow us to enter the PC market, another very substantial market opportunity in both unit volume and revenue. Moving on to 5G mobile. December was another exceptional quarter on numerous fronts for our 5G mobile initiatives. We doubled the number of customers from two to four in the quarter, including adding a multi-billion-dollar Tier 1 module maker, as well as a Tier 2 module maker that is focused on the Asian handset market. Our new Tier 1 mobile customer is designing multiple 5G filters and plans to use our XBAW technology to deliver multiple best-in-class 5G mobile modules in challenging bands above 2 GHz for use in cutting-edge 5G smartphones and other devices. We are currently helping the customer develop initial samples of the filter, and we expect to deliver filter samples in the next quarter. If the performance of the filter meets the customer expectations, we expect to establish a foundry arrangement with the customer, targeting production ramp in the second half of calendar 2023. Our other new Tier 2 5G mobile customer is a rapidly growing RF module maker that has had great success in 4G handsets targeting the Asian market, and plans to use our XBAW filters to design and sell 4G, 5G RF modules as 5G grows worldwide. We have started developing an initial filter for this customer and expect that a successful design could lead to multiple additional filter designs over the next year. During the December quarter, we continued to move forward with our two previously existing 5G mobile customers as well. We received favorable technical feedback from our first Tier 1 RF component customer on the first of two filters that we are designing, and expect to ship samples of the second filter to this customer by the end of the current quarter. We remain on track to deliver qualified parts for production ramp by the end of calendar 2022. Finally, we received additional feedback from our first RF front-end module customer after signing a foundry agreement last year. This customer has decided to redesign the first filter, which we expect will happen during the first half of the current calendar year, but expect to remain ready for production ramp by the end of calendar 2022. The redesign is driven by changes in the customer filter specifications and does not involve changes in our XBAW technology. In fact, we expect that this customer may wish to expand our agreement and design multiple other new filters for Wi-Fi applications. We expect to have more to tell you on that subject in the near term. As we mentioned on our last quarterly update call, we are bringing the production of wafer-level packages, or WLP, in-house. We have determined that we can produce better products with superior cost characteristics in our New York facility than can be sourced from an alternative outside supplier. We continue to work towards the design lock of our new advanced packages, with full WLP process qualification expected to follow later this calendar year. While this is a bit later than our initial target of March, it is in time for our previously targeted delivery of 5G mobile products in the second half of the current calendar year. We believe bringing the WLP process in-house will enhance substantially our ability to control the quality, cost, and customization of our advanced packages. To summarize our 5G mobile activity, we doubled the number of customer engagements from two to four in the December quarter. We have multiple customer-funded XBAW filters in design. Our customers' engagement include a Tier 1 RF component company that we are developing two XBAW filters for, a second Tier 1 RF front-end module maker that is developing filters with our XBAW resonators for 5G handsets, a Tier 2 RF front-end module maker, which has signed a foundry agreement with us for the development of one XBAW filter, and a second Tier 2 front-end module maker that we are currently developing one filter for, with the expectation of additional filters for 4G, 5G mobile if the first is accepted. We shipped 5G mobile samples to our first Tier 1 RF component customer in December. Our signed foundry customer is redesigning its initial filter design, and we expect it will expand the number of filters it wants us to manufacture, with news on that front expected in the near term. Finally, we are currently migrating the manufacturing supply chain of WLP into our New York fab, which we expect will have design locked and be available for qualified production in calendar 2022. Now I would like to discuss our infrastructure business highlights. As we announced at the end of last quarter, we plan to enter production with our first Citizens Broadband Radio Service, or CBRS, customer in the recently completed December quarter, and with our second CBRS customer in the current quarter. We expect to enter production with fully qualified product with both of our CBRS customers by either the end of the current March quarter or early in the next quarter ending June 30th, 2022. We continue to work towards the introduction of the first samples of a new breakthrough material that offers both leading BAW micro filter power handling capability, as well as the ability to cover wide bandwidths for macro base stations and other applications that require high power. We are extremely excited about this new material science, and we'll update you further as we get closer to introducing filters leveraging this innovative technology. Lastly, we continue to develop a new XBAW filter for the new 3.8 GHz U.S. 5G spectrum that was auctioned at the end of last year. We have made significant progress on the development of this filter and expect to complete our first design iteration and provide samples by the end of the current quarter. To summarize our 5G network infrastructure activity, we have four completed 5G network infrastructure XBAW filters, three for 5G small cell base stations and one for CBRS. To date, we have announced three design wins in small cell with our Tier 1 customer and one from a second customer. Additionally, we have received three design wins for CBRS from two leading network infrastructure OEMs. Finally, we have over 10 customer engagements, five of which already placed purchase orders. In our other market segment, we recently announced entering the RF timing and frequency market with our leading XBAW resonators. We are working with a leading maker of timing RF components to develop ultra-high frequency XBAW resonators for use in the customer's finished devices. The timing RF market represents a significant opportunity for Akoustis in both unit volume and revenue. Our customer is developing products that could be disruptive in the timing RF components market, looking to displace older analog technologies with ultra-low jitter and phase noise devices. We are extremely excited that our leading XBAW resonators can be a part of this groundbreaking opportunity. In our defense contract business, we continue to progress during Q2 on our existing R&D contract with DARPA to further enhance our XBAW PDK. In addition, we submitted a multi-million dollar contract proposal with DARPA to extend the operating range of our XBAW RF filters up to 18 GHz using novel materials and device manufacturing. We have been selected for negotiation for a potential contract award, which is expected later this quarter, assuming successful and timely negotiations. To summarize our other market segments activity, we had seven completed XBAW filter solutions for the civilian and defense markets. Our ultra-high frequency XBAW resonators are now being used to deliver disruptive digital timing and control products to the broader communications industry. We continue to refine and improve our XBAW PDK, driven by the direct-to-phase II contract with DARPA, and we have received notification that we have been selected to negotiate terms for a new multi-year, multi-million-dollar contract with DARPA to scale our XBAW technology up to 18 GHz. We have a total of four customer engagements, two of which have already placed purchase orders or provided NRE revenue. I would now like to hand the call over to Ken to go through our financial highlights. Thank you, Jeff. For the second quarter ended December 31st, 2021, the company reported revenue of $3.7 million, which is an increase of 96% over the prior quarter ending September 30th, 2021. On a GAAP basis, operating loss was $15.2 million for December quarter, mainly driven by revenue of $3.7 million, offset by labor costs of $9.2 million, depreciation of $1.6 million, and other operational costs totaling $8 million. As a result, GAAP net loss per share was $0.29. On a non-GAAP basis, operating loss was $12.3 million, and non-GAAP net loss per share was $0.21. Reconciliation of these amounts to the corresponding GAAP measures is available in the press release issued this morning, available on the investor section of our corporate website. CapEx spend for Q2 was $7.1 million, compared to $5.7 million in the prior quarter, mostly related to the continued capacity expansion and equipment redundancy in the company's New York fab. Cash use in operating activities in Q2 was $10.8 million, down from $12.7 million in the prior quarter, mainly due to certain year-end payments in the prior quarter. The company exited December quarter with $67.5 million of cash and cash equivalents versus $75.7 million at the end of the previous quarter. During the December quarter, the company raised $13.4 million in cash through additional at-the-market equity financing, at an average price of approximately $7.04 per share. In the March quarter, we expect multiple new Wi-Fi 6E and network infrastructure customers to ramp production, and therefore, we expect to see record revenue up more than 25% sequentially from the December quarter. Based upon our growing backlog of design wins, we anticipate that top line growth will continue in the June quarter and beyond. I will now turn the call back over to Jeff to discuss our second fiscal quarter performance and future milestones. Thank you, Ken. I'm pleased to report that our view of the March quarter remains positive despite the ongoing semiconductor supply shortages and supply chain issues that are impacting the broader industry. Our momentum continues to grow, driven by Wi-Fi 6, Wi-Fi 6E, 5G mobile, 5G infrastructure and our other markets. We expect to ramp production from five customers to more than eight customers by the end of the current quarter, with additional customer design wins expected across all our markets as calendar 2022 progresses. In the March quarter, we expect to generate revenue from each of our business segments, including 5G mobile, Wi-Fi, 5G network infrastructure, and our other market segment. We continue to strive towards executing on our targeted milestones, and we'll continue to keep you informed of our progress. Our anticipated March 2022 milestones include, in Wi-Fi, first, we expect to ramp multiple Wi-Fi 6 and Wi-Fi 6E customers. We expect to exit the quarter with four fully qualified Wi-Fi 6E filters, and we expect to iterate a second design of our new Wi-Fi 6E diplexer to our Tier 1 PC chipset customer. For 5G mobile, we plan to deliver inspect filters and ship our second filter design utilizing our new WLP process to our first Tier 1 RF component customer. And we expect to iterate the original filter design for our first Tier 2 Rf front-end module customer and received a purchase order for two additional filters for development. We are currently supporting our new Tier 1 mobile customer, developing initial samples of their first XBAW filter, and we expect to deliver filter samples in the next quarter. Next, in our 5G network infrastructure segment, we expect to release our CBRS design and begin production ramp with two customers. We expect to deliver a 3.7-3.98 GHz C-band 5G filter for the U.S. market and expect to sample with multiple Tier 1 customers for both small cell and DAS, AAS base station equipment. Finally, in our other market segment, we expect to ship a new XBAW filter design to our existing defense customer and receive a new volume production order on the 3.8 GHz filter product. We expect to complete negotiations on a potential award for a new multi-year, multi-million-dollar proposal from DARPA. In conclusion, we believe the market opportunity for our patented high frequency XBAW filters is substantial. We now have 56 issued patents and 93 patents pending as we continue to build a substantial IP moat around our technology. We continue to work diligently to achieve each of our stated objectives, and we will continue to provide updates on our execution against these objectives going forward. Finally, I would like to thank our employees for their hard work, passion and dedication throughout this past calendar year, particularly during the ongoing pandemic, as our team has kept the momentum going on our R&D, which has led to multiple design wins across the Wi-Fi, 5G network infrastructure and defense markets. We have also experienced exceptional momentum in the 5G mobile market, driven by our leadership in filters that operate above 3 GHz and our new and expanding wafer level packaging capabilities. I also wish to thank our shareholders who continue to support the company. With that, I would like to open the call for questions from the investment community. Operator, please go ahead with the first question. Thank you. As a reminder, ladies and gentlemen, please press star one to ask a question. Our first question comes from the line of Anthony Stoss with Craig-Hallum Capital Group. Please proceed with your question. Morning, guys. Congrats on the continued progress. Jeff, maybe or Ken, either one of you two. On the supply chain shortages, can you quantify the impact to revs in December and how much you think it will impact March? For you, Jeff, you talked about exiting 2021 with five in production designs. Can you venture a guess at the end of this year how many designs you'll have in volume production? Okay. Good morning, Tony, and I appreciate your comments. For the first one on the in terms of what we expect in terms of exiting this calendar year with how many in production, I'm gonna kick that over to Dave to start. Okay. Morning, Tony. Thanks for the question. You know, we commented on that, we're exiting this year or exiting last year, going into this year, five customers in production. They're more weighted towards Wi-Fi 6. You know, the Wi-Fi 6 activity is still very, very strong. I think that percentage is gonna continue to increase, you know, over the next 12 months. You know, I would say that doubling to 10 customers in production is a reasonable goal, and that's something that we're gonna continue to push beyond that. I think the main thing is just on the timing of these customers. It's typically cycle time for, you know, design activity from start to production release is, you know, somewhere in the range of 9-15 months, depending on if it's an enterprise customer or a consumer retail customer. It's dependent on that and dependent on obviously supply chain, you know, what we've been seeing also from the SoC suppliers is extended lead time, at least with the two major guys. We're working within those boundaries, but I have a positive belief that we'll be greater than 10 by the end of the year. Tony, on that, just what we put in the prepared comments was that we plan on being over eight in the March quarter. Okay. On the component charge, how much it impacted revs for Ken? Given the macro headwinds for both COVID and the supply chain shortages, you know, we're seeing certain delays in ordering times for both in operating expense items such as laminates, but also in particular on the CapEx front, we're now seeing delays of certain equipment of over a year, up to 15 months in some instances. Certainly on our part, it takes more planning and more review of the timing of when we need to bring capacity in line and when we need to be fully redundant and those matters. It certainly causes us more long lead time items to invest in our CapEx earlier. Tony, this is Jeff. Just to follow up on that. As you know, we sell into these Wi-Fi units. Each of those units take a silicon chip, and the availability of those silicon chips has been challenging. I'm certainly not gonna speak for the suppliers of those, but that has tended to impact in terms of we did see some impact of that in the December quarter. I would call that a general headwind going forward. Again, we don't control. We can only control what we ship and we have the capacity to ship what we need. However, you know, if you look at our guidance for the March quarter of 25% sequential, there is some conservatism in that in terms of the availability of those silicon chips, and that's something that we have to weigh when we set up guidance to the investors. Okay. Thanks, Jeff. If I could just ask one more for Dave. You know, any kind of color would be appreciated. When you look at kind of your first Wi-Fi customers, their experience with your solution, how actively are they engaged? How quickly are they coming back for repeat design or additional design wins? Any color kind of on you land a customer and then you expand would be helpful. Again, good question, Tony. It's 100% that they come back. The relationships are very strong, you know, with all five customers and there are multiple programs and that's really our goal, you know, we're pretty well distributed across consumer, enterprise, and carrier now. What we want to do is obviously secure them as a customer acquisition, and maintain that customer. The good thing is that we're actually involved in the early architecture now of the designs of their systems, particularly with Wi-Fi 6E and the utilization of the new spectrum. It's becoming more difficult to develop these filter solutions that will satisfy some of the 5G's requirements that they're thinking about on how they use it for backhaul or obviously additional nodes that you can connect client devices. Right now we're 100% maintaining customer acquisition and looking at getting into the new programs. You know, I think the main thing that these customers recognize is, you know, that we were early to market with the technology, you know, even our first customer that we brought on board and that we've been leading and they expect us to continue to lead and develop solutions that will satisfy, you know, the future architecture designs they're working on. Tony, this is Jeff. Let me add just a little more color to what Dave said. It varies by customer, but it's certainly not uncommon for these customers to have multiple programs. They may have designs going on in multiple sites, so there's multiple programs that are running in development in parallel. Cycle times of these are typically in the 9-12 months, so we like this market from that vantage point in terms of overall time to market. I think an overall theme, which you know we touched on in the prepared comments, in terms of some of the activity we have going on in diplexers, one of the key features of our technology is being able to integrate more than one filter in an integrated module. I think the first example of that is a diplexer that we have ongoing. We do have with these relationships that we're developing, we've been able to also get in on the advanced roadmap with these customers and looking at more integration opportunities where we can put more of our XBAW content in a single module, which allows us for the fixed cost of the module, which is roughly similar for whether you have one filter or multiple filters in it, then it allows us to put more content, more features in it. Integration's gonna be something that I think investors should expect to see a continued trend from our product line. We'll certainly continue supporting our single band solutions, but certainly, we're gonna go where the customer roadmaps and the integration opportunities take us. Thanks for all the detail, guys. Thank you. Our next question comes from the line of Harsh Kumar with Piper Sandler. Please proceed with your question. First of all, congratulations. Sounds like this is tremendous and exciting things going on at your company. We're excited about the future. Jeff, if I may ask a question or two. You seem to be getting a lot of 60 design wins, design-ins. Is there a financial difference from your standpoint between the rest of the filters that like the rest of the Wi-Fi filters you do, like a six versus a 60 from either ASP or a margin angle, do you come out ahead in one versus the other scenario? Maybe you can even talk about your PC product that you're developing and working with a, I think it's a Fortune 100 company that you mentioned. Well, first, Harsh, I appreciate your comments and thank you. In terms of the pricing, I'm gonna let Dave dive in here on that, and I'll certainly add some color to it. He's the closest to the customers, so I'll let him start. Good morning, Harsh. Yeah, we, there's two advantages that we see engaging with Wi-Fi 6E market, and where we wanna maintain this leadership position. One is that the price is typically greater than 25% higher, you know, than what you'd see in the Wi-Fi 6. The Wi-Fi 6 can utilize some of the older incumbent technology, and as you get into the Wi-Fi 6E, it's difficult for that. You've heard us mention the DR monoblock type filters and even some of the LTCC guys. The premium price, you know, we don't have to be as competitive. You know, we do have a premium in both market segments based on the performance, size, et cetera. The other advantage is the MIMO, the multi-user MIMO. The number of filters utilized in a Wi-Fi 6E is typically higher on average than what you see in the Wi-Fi 6. The dollar content per, you know, system has increased. Obviously we expect more revenue per system. We also see the take rate, you know, in the market with Wi-Fi 6E really starting to take off this year. You know, we've got high expectations for this market segment. With regard to the, you know, the PC customer and the diplexer that Jeff mentioned before, yeah, we're, I think, in a very unique position here as this is one of our first, you know, non-handset mobile customers that the volumes are good, they're respectable. You know, when you're looking at not only a PC, there are other, you know, mobile applications besides the handset that we can get involved in. We are taking a leadership position in developing a bulk acoustic wave diplexer that would be utilized in Wi-Fi 6E and also Wi-Fi 7 as it's upcoming, which has some unique requirements. Things like the multi-link operation and using a bulk acoustic wave technology allows you to develop these very high performance filters with what they call high isolation and also good rejection, low insertion loss, particularly for these battery-powered handheld devices that you can't do with other technology. This is something that, you know, it's gonna take, you know, a little bit of time for us to get into production on this, but not just with this one customer, it's with multiple customers. Harsh, Jeff, I'm just gonna add a little more color to that. You had mentioned ASP and margin. I think as Dave mentioned, the Wi-Fi 6E is the premium product from RFMi. From a margin profile, that's gonna be largely driven by the end-to-end product yield. We call that the logistics yield. Those things that can be driven by you know margin on the specification. It can be driven by the laminate cost. It can be driven by the size of the product. I just want to make sure everybody's aware that we do have cost savings initiatives going on. You know, I think from everybody's perspective here on this end, it's important that we get the product to the customer in the quantities that they need to support their program. That builds credibility with the customer. We also are very cognitive of the need for cost savings as we go forward, and also utilization of the fab, which is gonna drive down cost of the wafers as well. Yields, laminate cost, size of product, and then as I mentioned earlier, just the amount of integration that we can do and functionality we can bring within the module is gonna allow us to get higher ASPs at a lower cost point. Integration is certainly a path, one of the paths to profitability. One last thing I wanted to add, Dave touched on the diplexer and the PC product. You know, we recently have had a series of design reviews with that customer, and that development is proceeding as planned. You know, we're working with them on the front end on yield expectations as well as making sure we meet their performance requirements. Very good interaction with that customer. You know, we're just gonna continue that. As a final point I'll make just in terms of added content is, you know, we have mentioned previously being able to add switch functionality to the module. There's more content that we can add to drive up ASPs, and that we believe will certainly improve the margin profile of the products going forward. T hank you so much for that color. Jeff, for a while, I mean, I'm switching things to the mobile side now. You always maintain that when you ultimately get into, you know, mobile in a meaningful way, that you would always d o it in some kind of a partnership. For a while, you know, last couple of quarters, you didn't mention that on the call, but today you took the time to mention it on the call. I assume you feel good about your Tier 1 activity, customer activity that you got going on enough that you went ahead and mentioned this again, some kind of foundry arrangement. Could you maybe talk about how you're thinking about this, perhaps? W ell, thanks for the question. Certainly, thanks for the question. In terms of the mobile market, that is clearly the largest opportunity by both unit volume as well as, you know, overall TAM in terms of size of market. As we put in the prepared comments, we moved significant movement last quarter from two to four customers that we mentioned. I think, you know, conversations can continue to emerge with additional customers beyond those that we may be in the earlier phases that we're not ready to talk about. Just in terms of overall posture, in terms of the mobile market, I would we certainly see that opportunity. It would require, you know, we talked about 500 million filters in terms of the plant capacity for the fabs. At the current stage, we would need to expand that into the billions of filters to really go after a Tier 1. I think we feel pretty good about some Tier 2 opportunities that we have. A partnership would certainly be one option. While we can't comment on any conversations that are ongoing, I would say that's certainly front and center of mind. I would also add, as you know, U.S. Congress is currently contemplating their conference bill on CHIPS Act or USICA, whichever version you wanna talk about of the bill, we certainly view that as an opportunity to expand capacity that could certainly provide the opportunity for us to scale up from 6-inch to 8-inch, which would, you know, going back to ability to produce higher margin products, that would certainly scale the wafer scale. The wafer size would certainly lead to an improvement of the margin profile on the mobile product. The important thing is we've got engagements with multiple customers in mobile. In the prepared comments, we talked about those cycles. We've gotten very positive feedback. We've mentioned some redesign that's going on. I would certainly mention that we've got robust activity going on in mobile right now and various conversations over where that can lead. The important thing is for us to first deliver compelling performance, which we believe we're in the process of doing, and we think that will lead to the engagements that you know we're looking for with an engagement partner. I think the original thinking in terms of there being more module manufacturers than there are filter suppliers. I think that thesis is still intact, as we're seeing opportunities for engagement partners that require very high-end filter products. Also would just end by saying some of the mobile customers that we're talking to also have requirements for Wi-Fi. We already have a jump start in terms of the product portfolio to support those customer requirements. The best thing we can continue to do is continue to expand the portfolio. We completely are convinced that our design and manufacturing business model is the appropriate model to be successful in this market. We've got the capacity and we can support these added engagements as we go forward. That would just be a summary of kind of our mobile strategy. Okay. Appreciate all the color, guys. Thank you so much. Thank you, Harsh. Thank you. Our next question comes from the line of Suji Desilva with Roth Capital Partners. Please proceed with your question. Hi, Jeff. Good morning, Ken, Dave. Congrats on the promising momentum here. Just to ask on the Wi-Fi, the new design wins that you announced, can you talk about maybe the size of those opportunities for the new customers relative to the previously announced three? Are they similar sizes? Is there any material differences worth mentioning? Hey, good morning, Suji. First, thanks for your comments, and we'll let Dave touch on the opportunities. Morning, Suji. You know, it's from the engagements that we've got with the new customers. There are some that are, you know, similar in size to our first customer. As Jeff mentioned earlier, you know, some of these customers will have multiple programs. You know, there'll be smaller derivatives also as well. Then, you know, the new customers that we're talking this year, I expect to be the same size, if not possibly bigger, to our first customer. It is a spread, you know, by the end of the year, you know, as we look at all the design wins that are gonna go into manufacturing, you're probably gonna have, you know, a handful, you know, of applications or programs that'll be at the same size as the first customer, and then, you know, a smattering of smaller programs. It's, you know, without getting into too many specifics, a broad range, but it's healthy and substantial. Okay. Sounds like a good diversification of the revenue stream there. Then if you could talk about the mobile foundry customer that redesigned, maybe Jeff, you indicated they redesigned, but that had positive potential implications. Can you just maybe go one click deeper in there and talk about what gives you that sort of positive outlook on that? Again, not to pile on Dave here, but he's certainly closest to the customer here, so I'll let him at least lead with the- Yeah. I mean, this is building on what Jeff mentioned earlier. You know, we've got these four customers, you know, that we're engaged with. You know, the good thing is that we've added the capacity to be able to service the market. We've got the WLP coming in-house, and there are also some dynamics going on in the market that are going in our favor too, with the difficulties of the coex is that LTCCs can't service. Also, the need and access for technology to be competitive, if they don't have all technology. Those are all playing in our favor. The two customers that we mentioned that we believe will go into production by the end of the year, one of them is basically done in design, and basically the first design worked well, and they're actually redesigning it based on feedback of their system design or of their FEM design. We delivered everything, you know, that we needed to deliver. They're looking at their full FEM architecture and the performance. They had to make some tweaks based on, you know, the interaction with the active devices and the substrate. We believe, you know, that based on their first success, you know, they'll have final success with the next design, and the target is to be able to ramp, you know, with them by the fourth quarter. Also, with the Tier 1 component manufacturer, we had very good results with the first design and actually, you know, planning to do another design spin with them to, you know, finalize the design as well. Both of those guys, timing-wise, you know, we're pretty bullish, you know, that we'll see, you know, something going into production. Hopefully, both of them. It may be just one, but right now, everything's pointing in the right direction. With the other strategics, you know, we'll, you know, those are developments that we're gonna continue to nurture to really, you know, get to a point of assessing the technology and potential integration into their FEMs. Suji, let me, if I could just add to what Dave said. Just for 100% clarity, we have been producing filters. We've been delivering those filters to these customers. They're integrating them into their platform, which, you know, is effectively a module platform, and we're getting feedback. If you're hearing redesign, I would translate that as that they like the performance enough, but certainly from our knowledge of filter designs, you have to have the ability to tweak, and then certainly if you're doing a module, you have to have the ability to turn knobs on performance. Our view is a redesign is a positive thing because we've got a relatively short cycle time, and it's confirmation from the customer that they're interested, they like the performance, and but they wanna optimize it in their platform. Finally, the final thing Dave mentioned about just the conversation and the benchmarks with these new customers, that's you know the earlier question about from Harsh on, you know, partnerships. I think that's where those partnerships tend to get hashed out, is once you demonstrate the performance, then that's when a discussion about capacity as well as production platforms, that's where you get into the conversation over what the requirements and the capacity are. I would add, take a little liberty and just say we have a very good model of our capacity. We look at that planning over an 18-month horizon and make sure that we have the capacity. We're also very on top of the lead times of equipment that are needed to expand that capacity. We've got a very good operations planning team that is keeping us on top of the planning. You know, we bring that to the conversation with the mobile partners to make sure they understand what capacity we can provide and when. That's very helpful insight, Jeff. Last question, quick one perhaps for Ken. I'm guessing not really, but bringing WLP in-house, is that a material impact to your CapEx outlook? Thanks. Thanks, Suji. I would say in general, no. As far as when we're looking at the 500 million parts expansion project and redundancy, those were quite a bit much, quite a lot more spend. WLP is much less of a capacity CapEx need for that project. Suji, let me add to that, just at least a little more color. When we acquired this facility, it had multiple fab areas in it. You know, we had mentioned that we previously had two tenants that were occupying two different spaces in the facility. Because we knew we would need this space, we chose not to renew those tenant leases several years ago, and one of the areas that we call Fab Three is the area where the WLP is being installed. The WLP process is being installed in the fab. I just wanna emphasize that it's an existing fab area. We did do some more or less restart certification of that facility, but that's a far cry from having to capitalize a new fab area. So there's a lot of you know we used every square inch of the facility there, and we've got a very efficient team that you know knows the facilities and knows how to you know start these facilities up as we need and expand them as we need. Okay. Thanks, everyone. Okay, thank you, Suji. Thank you. Our next question comes from the line of Rick Schafer with Oppenheimer & Co. Inc. Please proceed with your question. Hi, good morning. This is Wei Mok on the call for Rick. Thanks for letting me ask a question, and congrats on your design win announcements. You guys continue to expand your sales pipeline from recent announcements in Wi-Fi and mobile. I was wondering if you can share any color on the sales pipeline. How large is the overall pipeline, and what products do you see leading in this pipeline? Thanks. Morning, Wei. This is Jeff. I appreciate your kind comments. I'll let Dave start with the sales pipeline question. F rom a product portfolio in the announcement, we basically indicated that we've got 12 products, and four of those are really Wi-Fi 6, eight of them are Wi-Fi 6E. We will continue to do development on the Wi-Fi 6 products, but at a smaller percentage, and most of the effort's gonna go into the Wi-Fi 6E and eventually Wi-Fi 7. We're gonna continue to invest in there. Really with these tough coexist requirements, you know, with the transitions that you see with Wi-Fi 6E and the bandwidth requirements from a pipeline standpoint, you know, we are investing in Asia right now as far as from a sales channel. Adding new heads there to continue to support the you know the accelerated engagements that we're seeing. This is coming out of all regions you know from Taiwan, China, and Korea, and also Japan. There's a lot of activity with the ODMs you know which are the original design manufacturers that work with the OEMs and they support multiple OEM programs. We have good activity in North America and also in regions of Europe that are also supported out of those Taiwan and China design locations. This pipeline will continue to increase. You know we talk about 12 you know design wins or 13 design wins that we're at right now and expect you know it to continue to increase. You know, we've got goals that we establish of design wins per quarter. Not all of those will go into production. The main thing is just you know to get obviously a product onto every platform and work with customers. You know, we have a lot of customer intimacy, you know, to support them through the application engineering and really get that product you know to its optimal performance so that they wanna release that into production. We'll continue to focus on Wi-Fi 6E primarily and Wi-Fi 6 you know at a smaller percentage. Wei, this is Jeff. Let me just add a couple points. You know, we're with recent acquisition of RFMi, I think our team has done a really good job of aligning the sales channels, filling any gaps. So, you know, we're clearing the path. Dave talked about some of the expansion that we have in Asia, ongoing. So that's extremely important. Just in terms of the pipeline, just to emphasize, I know we guided sequentially 25% up, but if you look at with some of the RFMi product revenue being flat to down quarter-over-quarter, you're then looking at a sequential increase in the core XBAW filter business is gonna be up well over 50%. We think that and we see that continuing not only for Q3, but we see we've got a pipeline of design wins that really support that continued growth into Q4. You know, the pipeline, I think we're getting good feedback on what we're doing in the sales channel, and that's leading to, you know, design wins, sales funnel, and with the sales channels that we have, leading to very nice sequential growth in the XBAW business. Great. Thanks for that. In regards to RFMi, could you frame out how did RFMi contribute to revenues in the December quarter? What products and markets did they come from? Thanks. Let me touch on that. We previously, when we acquired the RFMi business or the 51% majority ownership of it, we gave guidance. They came in above expectations for the December quarter. I think what that tells us is, you know, initial signs is we made a very good acquisition here. I think the emphasis there is new markets as well as new sales channel, complementary sales channel, and then also more traction with our OSAT suppliers, so that's our overseas assembly and test was certainly one of them. We've picked up additional traction and additional priority. We do expect them to be flat to down for the March quarter and then have some sequential growth in the fourth quarter. That's how that plays up. In terms of some additional color, in the 10-Q, if you look at note number seven, you can get the additional analysis on RFMi. I think there's pretty detailed analysis provided in the filing. Appreciate the question. Thank you. Thank you. Thank you. Ladies and gentlemen, that concludes our question and answer session. I'll turn the floor back to Mr. Shealy for any final comments. Thank you, operator, and thank you everyone for your time today. We look forward to speaking with you during our next update call to discuss current quarter execution against the milestones we outlined today, as well as future expectations that we set. I wish everybody a happy and safe Monday, and thank you for your time and attention. Thank you. This concludes today's conference. You may disconnect your lines at this time. Thank you for your participation.