RESN - RESN STOCK NEWS

Resonant Inc. (NASDAQ: RESN) has extended its licensing agreement with a Tier-1 Chinese foundry partner, now covering eight RF filter designs for the growing mobile handset market in China. The deal includes upfront prepaid royalties and per unit royalties after minimum production volumes are met. This agreement showcases Resonant’s strong IP portfolio and aims to expedite product delivery while reducing costs. With the robust demand in the mobile sector, Resonant is poised to enhance its market position through strategic partnerships and innovative design solutions.

Resonant Inc. (NASDAQ: RESN) reported a record revenue growth of over 330% in 2020, totaling $3.2 million. This surge is attributed to the increasing demand for its XBAR® RF filter technology in smartphone, Wi-Fi, and automotive markets. The company achieved significant milestones with its strategic partner, leading to mass-scale commercialization for 5G applications. Financially, net loss improved to $(28.4 million) in 2020, down from $(29.9 million) in 2019. The company also holds over 300 patents and anticipates continued growth in 2021.

Resonant Inc. (NASDAQ: RESN) has appointed Dr. Raafat Mansour to its Technical Advisory Committee, enhancing its leadership in RF filter solutions. Dr. Mansour, a prominent RF engineering expert with over 35 years in industry and academia, has numerous patents and published works. This appointment aims to support the commercialization of XBAR® technologies. CEO George B. Holmes emphasized Dr. Mansour's expertise will drive innovation in addressing customer challenges, particularly important as the industry evolves towards next-generation networks.

Resonant Inc. (NASDAQ: RESN) announced its participation in the Loop Capital Markets 2nd Annual Consumer, Industrial, and TMT Conference on March 11-12, 2021. Management will provide a business update and discuss the RF filter industry, highlighting the role of Resonant's XBAR® technology in advancing 5G and next-gen Wi-Fi. The company emphasizes the importance of RF filters in various applications, including autonomous vehicles and healthcare. Virtual one-on-one meetings will be held on the conference days, with further information available through Loop Capital Markets.

Resonant Inc. (NASDAQ: RESN) will announce its financial results for Q4 and the full year ended December 31, 2020, on March 15, 2021. The conference call is scheduled for the same day at 5:30 a.m. PST (8:30 a.m. EST), allowing participants to discuss the results. The company aims to disrupt the RF front-end market with its innovative design software and extensive intellectual property portfolio, targeting efficiency in the 5G applications. A playback of the call will be available until April 15, 2021.

Resonant Inc. (NASDAQ: RESN) has announced participation in the Arete Tech Conference on March 3-4, 2021. Executives, including CEO George B. Holmes and VP Mike Eddy, will discuss the RF filter industry alongside advisory board members. The panel will cover topics such as the 5G landscape and Resonant’s XBAR RF filter technology, which supports next-gen networks. Highlighting the significance of RF filters, the discussion will touch on their applications in autonomous vehicles and healthcare, emphasizing their vital role in enhancing wireless communication.

Resonant Inc. (NASDAQ: RESN) announced the formation of a new Technical Committee to enhance the adoption and development of its XBAR® technology, aimed at growing markets like 5G and Wi-Fi. The committee includes distinguished experts such as Larry Larson, PhD, Jianming Jin, PhD, and Gabriel Rebeiz, PhD. This initiative is part of Resonant's strategy to expand its intellectual property portfolio and leverage its competitive edge in RF filter solutions. The company's advisory board boasts over 250 years of combined industry experience from top firms.

Resonant Inc. (NASDAQ: RESN) reported preliminary financial results for 2020, achieving record revenues of approximately $3.2 million, a remarkable increase of over 330% from $0.7 million in 2019. For Q4 2020, revenues were projected at $0.6 million, up from $0.5 million in Q4 2019. Deferred revenues totaled $1.8 million as of December 31, 2020. The company expects Q1 2021 revenues to align with Q4 2020 figures and forecasts substantial revenue growth for the full year. CEO George Holmes highlighted a significant increase in customer shipments and positive developments with a strategic partner in 5G RF filter manufacturing.

Resonant Inc. (NASDAQ: RESN) predicts a significant spectrum deficit impacting 4G/5G services starting in 2021, potentially totaling 963 MHz by 2025. This projection follows the FCC’s Auction 107, which raised over $80 billion for the 280MHz spectrum. The company emphasizes the importance of RF filters and other technologies, such as massive MIMO antennas, to mitigate this challenge. The white paper detailing these findings is available on Resonant's website.