RESN - RESN STOCK NEWS

Resonant Inc. (NASDAQ: RESN) will participate in a 5G panel discussion at the Needham Virtual Growth Conference from January 11-15, 2021. CEO George B. Holmes will hold one-on-one meetings with investors and host a corporate presentation on January 11 at 12:30 p.m. ET. COO Dylan Kelly and VP Mike Eddy will join industry experts for a panel discussion on the same day at 11:30 a.m. ET. The company's Infinite Synthesized Networks technology plays a critical role in RF filter design, essential for emerging 5G applications across various industries.

Resonant Inc. (NASDAQ: RESN) announced a record shipment of 6.9 million RF filters in Q4 2020, marking a year-over-year increase of over 200% and a sequential increase of over 65%. Cumulatively, the company has shipped over 53 million units using its ISN® technology. The filters cater to various applications, including 5G, Wi-Fi, and automotive. Revenue expectations for Q4 align with prior guidance. The uptick in demand demonstrates Resonant's position in RF filter design and its impact on enhancing connectivity for emerging technologies.

Resonant Inc. (NASDAQ: RESN) announced a 50% increase in its patent portfolio year-over-year, totaling over 300 issued and pending patents, with more than 150 related to its 5G XBAR® technology. This expansion underlines the company's commitment to protecting its intellectual property, particularly in the growing 5G market. CEO George B. Holmes emphasized the significance of securing a strong IP foundation to tap into emerging opportunities in various industries fueled by 5G innovations. The firm continues to enhance its IP through new patent applications and a trade secret program.

Resonant Inc. (NASDAQ: RESN) reported 2020 as its highest revenue year to date, with over 50 million RF filters shipped, catering to the growing demand for mobile and wireless devices. The company achieved significant milestones, including a $2.5 million payment after surpassing key development targets with its strategic partner. Looking ahead, Resonant is optimistic about its XBAR technology for 5G RF filters and plans to ship Wi-Fi 6E samples in early 2021. The firm anticipates ongoing growth in 2021, driven by increased unit volume and new customer contracts.

Resonant Inc. (NASDAQ: RESN) announced the addition of Dr. Peter Gammel to its Advisory Board, a semiconductor industry expert with over 40 years of experience. Currently the Chief Technology Officer at GlobalFoundries, Dr. Gammel brings engineering expertise critical for enhancing Resonant's RF front-end solutions. CEO George B. Holmes praised his unparalleled experience in scaling RF operations, which may aid in leveraging Resonant's intellectual property (IP) as the company targets innovations in the 5G market.

Resonant Inc. (NASDAQ: RESN) announced a significant milestone, surpassing the shipment of 50 million RF filters using its proprietary ISN® technology. These filters cater to 9 cellular and Wi-Fi bands, intended for mobile handsets, infrastructure, GPS, and automotive applications. The company reported a 163% increase in third-quarter shipments compared to the previous year. CEO George B. Holmes emphasized that this achievement validates their technology and signals an anticipated revenue ramp-up. Going forward, Resonant expects continued strong shipment volumes and new contracts for RF filter designs in various applications.

Resonant Inc. (NASDAQ: RESN) will present at the virtual LD Micro Main Event (XIII) on December 14-15, 2020. George B. Holmes, Chairman and CEO, is scheduled to speak on December 14 at 2:20 p.m. Eastern time. Attendees can access a live audio webcast at this link. The company focuses on transforming RF front-end designs for mobile and wireless devices, providing innovative solutions that enhance design efficiency and reduce costs, especially in the evolving 5G landscape.

Resonant Inc. (NASDAQ: RESN) announced its participation in the Virtual Fall Investor Summit from November 16-18, 2020. George B. Holmes, CEO, will engage in one-on-one meetings and present on November 16 at 3:30 p.m. ET. The event will be accessible via a live audio webcast. Resonant specializes in transforming RF front-ends for mobile devices, leveraging its Infinite Synthesized Network (ISN) technology to enhance design efficiency and supply chain stability for emerging 5G applications. More details can be found on their website.

Resonant Inc. (NASDAQ: RESN) reported significant milestones in its third quarter update for 2020, achieving a second contractual milestone with the world's largest RF filter manufacturer for XBAR 5G RF filters. This progress confirms the technology's readiness for mass production and is expected to generate prepaid royalties.

Revenue surged to $1.4 million, a 1,674% increase year-over-year, while net loss narrowed to $6.1 million. With cash equivalents at $20.1 million, the company is poised to capitalize on the growing 5G market.