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Resonant Inc (RESN) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

Resonant Inc

CIK: 1579910 Ticker: RESN



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Resonant Inc. Reports Third Quarter 2021 Financial Results

Expands Partnership with World’s Largest RF Filter Manufacturer for the Development of XBAR®-based RF Filters, Increasing Price Per Device by up to 400% for the Most Complex Bands

Surpasses Milestone of 100 Million Resonant-Designed RF Filters Shipped

AUSTIN, TX - November 10, 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, today provided financial results for the third quarter ended September 30, 2021.

Management Commentary
“We continued to execute on our operational strategy in the third quarter, most notably highlighted by the recent expansion of our agreement with our strategic partner, the world’s largest RF filter manufacturer,” said George B. Holmes, Chairman and CEO of Resonant. “The extended agreement is a testament to the superiority of our XBAR® technology in meeting the exacting demands required by next generation wireless networks, and a critical advancement towards the high-volume manufacturing of XBAR® RF filters.

“During the quarter we achieved the milestone of 100 million units cumulatively shipped by our customers, further highlighting the efficacy of our WaveX™ software platform, which provides innovative, cost-effective filter solutions for IDMs and enables them to accelerate time-to-market to meet increasing demand. In addition, we continued to focus on building out our already-robust patent portfolio to protect our competitive advantage and unique market position.”

“Our work with our strategic partner remains a priority as we move through the fourth quarter, and into 2022. The expanded agreement provides Resonant with additional royalties over the contract period at an up to 400% increased price per device. We are well positioned to capitalize on the value of our proprietary technology as we work to secure a XBAR® partner for non-mobile applications by year end. Our team is thrilled to be enabling global industry leaders to drive the transition to 5G, 6G, Wi-Fi 6 & 7, UWB and mmWave – helping to unlock the true potential of these networks,” concluded Holmes.

Third Quarter 2021 Company Highlights
Expanded multi-year commercial partnership with the Company's strategic partner, the world’s largest RF filter manufacturer, for the development of high frequency, wide


The following information was filed by Resonant Inc (RESN) on Wednesday, November 10, 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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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 (Details)
Intangible Assets, Net
Intangible Assets, Net (Tables)
Intangible Assets, Net - Intangible Assets (Details)
Intangible Assets, Net - Narrative (Details)
Intangible Assets, Net - Schedule Of Finite-Lived Intangible Assets, Future Amortization Expense (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 (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)
Subsequent Events
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policies)
Warrants
Warrants (Details)
Warrants (Tables)
Ticker: RESN
CIK: 1579910
Form Type: 10-Q Quarterly Report
Accession Number: 0001579910-21-000032
Submitted to the SEC: Wed Nov 10 2021 4:44:01 PM EST
Accepted by the SEC: Wed Nov 10 2021
Period: Thursday, September 30, 2021
Industry: Semiconductors And Related Devices

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