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Resonant Inc (RESN) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

Resonant Inc

CIK: 1579910 Ticker: RESN




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Resonant Inc. Reports Third Quarter 2019 Financial Results and Provides Business Update

GOLETA, CA - November 5, 2019
- Resonant Inc. (NASDAQ: RESN), a leader in transforming the way radio frequency, or RF, front-ends are being designed and delivered for mobile handset and wireless devices, today announced financial results for the third quarter ended September 30, 2019 and provided an update on its operational progress.
“In the third quarter, we announced a definitive agreement with the world’s largest RF filter manufacturer, through which we subsequently received a strategic investment and executed a multi-year commercial agreement for multiple 5G mobile devices,” stated George B. Holmes, Chairman and CEO of Resonant. “Momentum is growing overall, as our customers shipped more than 1.5 million units in the third quarter, greater than the first half of 2019.
“We strengthened our balance sheet with $10 million in gross proceeds from an equity investment in the third quarter and receipt of $2 million in prepaid royalties under the multi-year commercial agreement early in the fourth quarter. All in, we are executing on our long-term growth strategy from a solid base, with the validation of a world leader on our technology and IP, our Infinite Synthesized Networks (ISN®) software tools, and with a go to market model that makes Resonant a disruptive force in a rapidly growing RFFE market.”

Recent Highlights
Signed a multi-year commercial agreement with the world’s leading RF filter manufacturer.
Received first payment expected under the $9 million-dollar multi-year commercial agreement.
Resonant customers shipped more than 1.5 million units in the third quarter of 2019, exceeding first half of 2019 shipments.
Resonant technology has been identified by a third-party teardown company, now in a third tier one mobile phone.
Announced partnership with Teledyne Scientific & Imaging to develop manufacturing processes for high frequency, wide bandwidth RF filter solutions.



The following information was filed by Resonant Inc (RESN) on Tuesday, November 5, 2019 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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Inside Resonant Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Loss (Unaudited)
Condensed Consolidated Statements Of Stockholders' Equity (Unaudited)
Commitments And Contingencies
Commitments And Contingencies (Details)
Income Taxes
Income Taxes (Details)
Investments Held-To-Maturity
Investments Held-To-Maturity (Details)
Leases (Tables)
Leases Leases
Leases Narrative (Details)
Leases Operating Lease - Balance Sheet Supplemental (Details)
Leases Operating Lease, Liability, Maturity (Details)
Leases Weighted-Average Remaining Lease Term (Details)
Organization And Description Of Business
Organization And Description Of Business (Liquidity And Capital Resources) (Details)
Related Party Transactions (Details)
Related Party Transactions Related Party Transactions
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Narrative (Details)
Revenue Recognition - Schedule Of Changes In Contract Asset And Liability Balances (Details)
Revenue Recognition - Schedule Of Revenue From Customer By Geographic Area And Source (Details)
Stock-Based Compensation
Stock-Based Compensation (Equity Based Compensation Schedule) (Details)
Stock-Based Compensation (Estimated Fair Value Of Stock Options) (Details)
Stock-Based Compensation (Narrative) (Details)
Stock-Based Compensation (Restricted Stock Activity) (Details)
Stock-Based Compensation (Stock Option Award Activity) (Details)
Stock-Based Compensation (Stock Options Outstanding And Exercisable) (Details)
Stock-Based Compensation (Tables)
Stockholders' Equity And Loss Per Share
Stockholders' Equity And Loss Per Share (Details)
Stockholders' Equity And Loss Per Share (Tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Narrative) (Details)
Summary Of Significant Accounting Policies (Policies)
Warrants
Warrants (Narrative) (Details)
Warrants (Tables)
Warrants (Warrant Share Activity) (Details)

Material Contracts, Statements, Certifications & more

Resonant Inc provided additional information to their SEC Filing as exhibits

Ticker: RESN
CIK: 1579910
Form Type: 10-Q Quarterly Report
Accession Number: 0001579910-19-000014
Submitted to the SEC: Thu Nov 07 2019 11:00:12 AM EST
Accepted by the SEC: Thu Nov 07 2019
Period: Monday, September 30, 2019
Industry: Semiconductors And Related Devices

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