Resonant Inc (RESN) 10-Q Quarterly Report Thu Nov 09 2017

- Resonant Inc. (NASDAQ: RESN), a designer of filters for radio frequency, or RF, front-ends that specializes in delivering designs for difficult bands and complex requirements, today announced financial results for the third quarter ended September 30, 2017 and provided a business update.

Management Commentary

“We continued our momentum in the third quarter of 2017 as we’ve demonstrated seven straight quarters of execution and continued to retire risk,” said George B. Holmes, CEO of Resonant. “We’ve transformed from a purely development stage company to one focused on customer engagement, execution, and now, commercialization.

“Our customers clearly understand the value proposition our team, tools and technology bring to the marketplace, which is evidenced by our continued engagement and expansion of development agreements with both new and existing customers.” said Holmes. “We had a great quarter, with several key milestones, including our first fabless filter company sampling of a tier one OEM’s SAW/SAW quadplexer with competitive industry performance to established players. Most recently, we announced that one of our customers has qualified a full Band 41 filter we designed, which is being delivered on SAW. Both of these are industry firsts and are currently being sampled to OEMs.”

“To support our ambitious ramp of customers and designs under contract, we continue to invest in our core infrastructure. We recently added a new office in South Korea to support our growing list of customers in the Chinese and Korean markets, while appointing Jangwon Jung as the Country Sales Manager, Korea. A few other notable additions to our team were Vice President of Product Development Engineering, Sohrab Samadian, Vice President of Engineering Operations, Andrew Kay, and new independent board member, Jean Rankin. We believe these investments in infrastructure and personnel will help us support our organization as we grow towards predictable, recurring royalty revenues.”

The following information was filed by Resonant Inc (RESN) on Wednesday, November 8, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Resonant Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: RESN
CIK: 1579910
Form Type: 10-Q Quarterly Report
Accession Number: 0001579910-17-000035
Submitted to the SEC: Wed Nov 08 2017 6:59:00 PM EST
Accepted by the SEC: Thu Nov 09 2017
Period: Saturday, September 30, 2017
Industry: Semiconductors And Related Devices