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Resonant Inc. (NASDAQ: RESN) has reported a record shipment of 17.5 million RF filters in Q2 2021, marking a 450% year-over-year increase. Cumulative shipments exceed 79 million filters. The company holds over 350 patents, including significant advancements in its WaveX™ design technology for 5G applications. Revenue for Q2 2021 is approximately $0.6 million, consistent with last year. Cash reserves stand at $22.7 million. The firm anticipates significant revenue growth for the full year compared to 2020, driven by strong market demand and partnerships.
Resonant Inc. (NASDAQ: RESN) has introduced WaveX™, an advanced cloud-based finite element modeling software for designing RF filters. This upgrade enhances the simulation capabilities, allowing the design of resonators and filters that were previously unattainable with existing tools. WaveX™ aims to improve workflow efficiency, cost reduction, and speed to market, supporting high-performance 5G, Wi-Fi, and UWB filter designs. Resonant emphasizes that WaveX™ can halve design development time and lower manufacturing costs while optimizing essential filter parameters.
Resonant Inc. (NASDAQ: RESN) announced its participation in three upcoming virtual investor conferences: LD Micro Invitational XI on June 10, Lytham Partners Summer Investor Conference on June 16, and East Coast IDEAS Investor Conference on June 16. The company will present its innovative RF filter solutions crucial for 5G applications and other technologies. Notably, Resonant's ISN® software platform enhances design efficiency and reduces costs in RF filter manufacturing, pivotal for future technologies in telecommunications and healthcare.
Resonant Inc. (NASDAQ: RESN) has released a white paper examining Wi-Fi 6 and Wi-Fi 6E's operation in unlicensed spectrum, focusing on signal interference and their coexistence with 5G technology. The paper emphasizes the increasing demand for wireless data, accelerated by remote work and learning during the pandemic. Resonant's XBAR® Wi-Fi filters are highlighted as crucial for mitigating interference, ensuring optimal performance for next-generation networks. The document aims to inform stakeholders about evolving wireless technologies and the importance of RF filters in maintaining high-speed connectivity.
Resonant Inc. (NASDAQ: RESN) is set to participate in the 18th Annual Craig-Hallum Institutional Investor Conference on June 2, 2021. The management will present a business update and discuss the RF filter industry, particularly focusing on how their XBAR® RF filter technology supports the advancement of next-gen wireless networks like 5G and Wi-Fi 6E. Virtual one-on-one meetings will be held throughout the day, with attendance by invitation only. Resonant aims to enhance RF front-end solutions with its innovative design platform and IP portfolio.
Resonant Inc. (NASDAQ: RESN) reported a significant 437% year-over-year increase in the shipment of radio frequency (RF) filters, reaching 8.6 million units in Q1 2021. The company's robust IP portfolio expanded to 330 patents, with a focus on XBAR® technology. Revenues remained steady at $0.6 million, reflecting previous guidance, while net loss grew to $8.8 million, or $(0.15) per share. The company is advancing partnerships to meet increasing demand in the mobile handset market and has initiated sampling of XBAR® Wi-Fi filters.
Resonant Inc. (NASDAQ: RESN) announced its participation in the 16th Annual Needham Virtual Technology & Media Conference from May 17-20, 2021. CEO George B. Holmes will conduct one-on-one investor meetings and present on May 19 at 10:15 AM ET. Resonant's innovative ISN® design technology is pivotal for developing RF filters crucial for 5G applications, enhancing wireless connectivity in devices and sectors like autonomous vehicles and healthcare. The live audio webcast of the presentation will be available online.
AUSTIN, Texas, May 4, 2021 – Resonant (NASDAQ: RESN) announced its participation in the Oppenheimer 6th Annual Emerging Growth Conference on May 11-12, 2021. The management will provide a business update and discuss RF filter technology's role in advancing 5G and other next-gen networks. One-on-one meetings will be available on both days, with registration required. Resonant is focused on disrupting the RF front-end market with its innovative XBAR® technology and ISN® design tools, enhancing mobile connectivity and lowering costs. For further information, visit www.resonant.com.
Austin-based Resonant (NASDAQ: RESN) plans to release its first quarter financial results after market close on May 12, 2021. A conference call will follow at 1:30 p.m. PST, allowing investors and analysts to discuss the results. The company's approach focuses on disrupting RF front-end supply chains, improving design efficiency and lowering costs for clients, particularly in the context of 5G applications. This meeting will provide insights into Resonant's financial position and future strategies.
Resonant Inc. (NASDAQ: RESN) has announced its preliminary financial results for Q1 2021, projecting significant year-over-year growth. Revenues are expected to reach $0.6 million, a 12% increase from $0.5 million in Q1 2020. The company shipped a record 8.6 million RF filter units, marking a 437% year-over-year increase. Cash and cash equivalents stand at approximately $21.6 million, bolstered by $4.1 million from equity sales. Resonant plans to maintain revenue consistency in Q2 2021 and expects substantial growth throughout the year, driven by advancements in its XBAR® technology.
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