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Resonant Inc (RESN) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Resonant Inc

CIK: 1579910 Ticker: RESN



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Resonant Inc. Reports First Quarter 2021 Financial Results

RADIO FREQUENCY (RF) FILTER VOLUMES USING RESONANT DESIGNS GROWS 437% YEAR-OVER-YEAR; IP PORTFOLIO INCREASES TO 330 PATENTS

AUSTIN, TX - May 12, 2021
- Resonant Inc. (NASDAQ: RESN), a provider of radio frequency (RF) filter solutions developed on a robust intellectual property platform, designed to connect People and Things, has provided financial results for the first quarter ended March 31, 2021.

Management Commentary
“Our RF filter designs continued to gain traction within key end markets in the first quarter, as evidenced by the record 8.6 million RF filters our customers shipped during the quarter, which were designed with our proprietary design technology,” said George B. Holmes, Chairman and CEO of Resonant. “This acceleration of unit shipment volumes, along with our continued progress towards high-volume manufacturing of our XBAR® technology, is validating our strategy to capitalize on a multi-billion-dollar opportunity by revolutionizing the RF filter supply chain with solutions that innately and reliably meet the complex requirements of next-generation, ultra-fast networks, such as 5G.”

“Our agreement with the world’s largest RF filter manufacturer is advancing rapidly, following successful performance and reliability demonstrations with our partner, which confirmed our XBAR® filter designs are proceeding towards market availability at mass scale. Additionally, we are working to help our existing partners service the anticipated heightened demand in the global mobile handset market and extended an agreement with a Chinese Tier-1 foundry partner for 4G devices.

“We began sampling XBAR® Wi-Fi filters for non-mobile devices to customers during the quarter, and we are focused on expanding adoption of XBAR® technology for non-mobile applications as we seek to engage new partners. Supported by our robust intellectual property portfolio, to which we added over 30 additional patents since year-end, we are positioning ourselves to be competitive with some of the biggest industry players in the world,” concluded Holmes.

First Quarter 2021 Company Highlights
Resonant’s customers shipped a record 8.6 million radio frequency (RF) filters designed using the Company's ISN® design technology in the first quarter of 2021, representing an approximate 437% increase from the same year-ago period and a sequential increase of


The following information was filed by Resonant Inc (RESN) on Wednesday, May 12, 2021 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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Resonant Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

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Inside Resonant Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Condensed Consolidated Statements Of Stockholders' Equity
Commitments And Contingencies
Commitments And Contingencies - Narrative (Details)
Leases
Leases (Tables)
Leases - Maturities Of Operating And Financing Lease Liabilities (Details)
Leases - Narrative (Details)
Leases - Weighted-Average Remaining Lease Term (Details)
Organization And Description Of Business
Organization And Description Of Business - Narrative (Details)
Related Party Transactions
Related Party Transactions (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Narrative (Details)
Revenue Recognition - Schedule Of Changes In Contract Asset And Liability Balances (Details)
Segments And Geographic Information
Segments And Geographic Information (Details)
Segments And Geographic Information (Tables)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Narrative (Details)
Stock-Based Compensation - Restricted Stock Activity (Details)
Stock-Based Compensation - Schedule Of Stock-Based Compensation (Details)
Stock-Based Compensation - Stock Option Award Activity (Details)
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 (Policies)
Summary Of Significant Accounting Policies - Narrative (Details)
Warrants
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: 0001579910-21-000013
Submitted to the SEC: Wed May 12 2021 4:43:25 PM EST
Accepted by the SEC: Wed May 12 2021
Period: Wednesday, March 31, 2021
Industry: Semiconductors And Related Devices

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