{"id":510284,"date":"2021-07-07T08:34:01","date_gmt":"2021-07-07T12:34:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450\/"},"modified":"2021-07-07T08:34:01","modified_gmt":"2021-07-07T12:34:01","slug":"resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450\/","title":{"rendered":"Resonant Customers Shipped a Record 17.5 Million RF Filters in The Second Quarter of 2021 Capitalizing on WaveX\u2122 Design Technology; Representing Year Over Year Growth of 450%"},"content":{"rendered":"<h2>\nCompany Exceeds Milestone of 79 Million RF Filters Shipped by Resonant\u2019s Customers<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">AUSTIN, Texas, July  07, 2021  (GLOBE NEWSWIRE) &#8212; 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 a preliminary corporate update for the three months ended June 30, 2021.<\/p>\n<p>\n        <strong>Second Quarter<\/strong><br \/>\n        <strong>2021<\/strong><br \/>\n        <strong>Company Highlights<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:5pt;margin-bottom:6pt\">Resonant\u2019s customers shipped a record 17.5 million radio frequency (RF) filters designed using the Company\u2019s WaveX\u2122 design technology in the second quarter of 2021, representing an approximate 450% increase from the same year-ago period and a sequential increase of approximately 104%. To-date, Resonant\u2019s customers have shipped over 79 million RF filter units that use Resonant designs.<\/li>\n<li style=\"margin-top:5pt;margin-bottom:6pt\">The Company\u2019s robust patent portfolio grew to over 350 patents filed and issued as of June 30, 2021, greater than 200 of which are related to Resonant\u2019s proprietary XBAR<sup>\u00ae<\/sup> and high frequency technologies. Patent count at the end of 2020 was over 300 total patents with greater than 150 focused on XBAR<sup>\u00ae<\/sup>.<\/li>\n<li style=\"margin-top:5pt;margin-bottom:6pt\">Announced WaveX\u2122, the Company\u2019s upgraded design software for acoustic wave filter development, which is specifically enhanced for 5G, Wi-Fi, and Ultra-wideband RF filters<\/li>\n<li style=\"margin-top:5pt;margin-bottom:6pt\">Revenues in the second quarter of 2021 are expected to total $0.6 million, compared to revenues of $0.6 million in the same year ago quarter.<\/li>\n<li style=\"margin-top:5pt;margin-bottom:6pt\">Deferred revenues as of June 30, 2021 are expected to be $0.8 million and will be recognized over the balance of the respective contracts.<\/li>\n<li style=\"margin-top:5pt;margin-bottom:6pt\">As of June 30, 2021, Resonant had cash and cash equivalents of approximately $22.7 million, which includes $7.8 million of net proceeds from sales of equity during the second quarter of 2021 under the Company&#8217;s previously announced at-the-market (ATM) program.<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong>Financial Guidance<\/strong>\n      <\/p>\n<p align=\"justify\">For the full year 2021, Resonant expects significant revenue growth over full year 2020.<\/p>\n<p align=\"justify\">\n        <strong>Management Commentary <\/strong>\n      <\/p>\n<p align=\"justify\">\u201cOur customers cumulatively exceeded the milestone of shipping 75 million RF filters designed with our WaveX\u2122 technology during the second quarter, demonstrating the continued demand for our innovative RF filter designs,\u201d said George B. Holmes, Chairman and CEO of Resonant. \u201cIn addition, we see the market as increasingly receptive to the superiority of our XBAR<sup>\u00ae<\/sup> technology for natively meeting the demands of next-generation networks, which we are able to demonstrate by leveraging our WaveX\u2122 software platform. Our design software, which is now able to perform complete 3-dimensional simulations of complex high frequency filter designs and is fully cloud-based, enables Resonant to deliver what we believe are the most cost-effective, high-performance RF filter solutions on the market to our customers.\u201d<\/p>\n<p align=\"justify\">\u201cWe delivered second quarter financial results in-line with previously issued guidance. As we move into the second half of 2021, we remain focused on the continued execution of our agreement with the world\u2019s largest filter manufacturer, which is progressing well, as expected. We are also continuing to build momentum with our XBAR<sup>\u00ae<\/sup> technology for non-mobile applications, and we expect to secure partnerships in these high growth segments before yearend. As a reminder, a majority of Resonant\u2019s revenues are based on prepaid royalty contracts, which generate immediate cash but may have delayed revenue recognition. As a result, we continue to expect non-linear revenue amounts in subsequent quarters. We look forward to providing further detail on our full second quarter results to our shareholders in August,\u201d concluded Holmes.<\/p>\n<p align=\"justify\">\n        <strong>About Resonant Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Resonant (NASDAQ: RESN) is transforming the market for RF front-ends (RFFE) by disrupting the RFFE supply chain through the delivery of solutions that leverage our WaveX\u2122 design software tools platform, capitalize on the breadth of our IP portfolio, and are delivered through our services offerings. In a market that is critically constrained by limited designers, tools and capacity, Resonant addresses these critical problems by providing customers with ever increasing design efficiency, reduced time to market and lower unit costs. Customers leverage Resonant\u2019s disruptive capabilities to design cutting edge filters and modules, while capitalizing on the added stability of a diverse supply chain through Resonant\u2019s fabless ecosystem-the first of its kind. Working with Resonant, customers enhance the connectivity of current mobile devices, while preparing for the demands of emerging 5G applications.<\/p>\n<p align=\"justify\">To learn more about Resonant, view the series of videos published on its website that explain Resonant&#8217;s technologies and market positioning:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:5pt;margin-bottom:5pt;text-align:justify\">\n          <a href=\"https:\/\/ir.resonant.com\/videos\/video\/1685\/resonant-overview\" rel=\"nofollow noopener\" target=\"_blank\">Resonant Corporate Video<\/a>\n        <\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt;text-align:justify\">\n          <a href=\"https:\/\/www.resonant.com\/news-resources\/videos\/video\/1905\/wavex-and-xbar-speeding-the-transition-to-5g\" rel=\"nofollow noopener\" target=\"_blank\">WaveX\u2122 Design Technology and XBAR<sup>\u00ae<\/sup>: Speeding the Transition to 5G<\/a>\n        <\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt;text-align:justify\">\n          <a href=\"https:\/\/www.resonant.com\/news-resources\/events\/detail\/1822\/expert-insights-on-unlocking-the-potential-of-5g\" rel=\"nofollow noopener\" target=\"_blank\">Expert Insights on Unlocking the Potential of 5G<\/a>\n        <\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt;text-align:justify\">\n          <a href=\"https:\/\/www.resonant.com\/news-resources\/events\/detail\/1823\/the-technology-enabling-the-transition-to-5g\" rel=\"nofollow noopener\" target=\"_blank\">The Technology Enabling the Transition to 5G<\/a>\n        <\/li>\n<\/ul>\n<p>For more information, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=D3hbIhp2hqqGIf5xd8mnc67yed_ncH5dmLAYiNlSr7F_2XY5xhw9TFrY8WjsmT8mT7ZXT4k8v4MGHHxAMIceBQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.resonant.com<\/a>.<\/p>\n<p align=\"justify\">Resonant uses its website (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QFGuT8Igm0jVnza-JZHtd3LRkT9yRDWJuOQhIf_VCPv596mOkArebMPXIKNkpxSgXhgCIvyaaZqSs9lrxV3cSeO_MEdjPOun3w3sj7VKVSg=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.resonant.com<\/a>) and LinkedIn page (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QFGuT8Igm0jVnza-JZHtd9SlBMn0XsSlbBxl2Fk53rRUBf6bY1cJ7mrYPU3HG5-d6h1xOYkbR6KrUVdsyD3KdoMk8tPZ5TxMGAgnWI_jzUjL26hBIBkl9tM6ctssG3W9Qp6EOX8sPuL2XtUUXa0VPnw9kNPogX1Vjv44LF5Lt2I=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.linkedin.com\/company\/resonant-inc-\/<\/a>) as channels of distribution of information about its products, its planned financial and other announcements, its attendance at upcoming investor and industry conferences, and other matters. Such information may be deemed material information, and Resonant may use these channels to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor the company\u2019s website and its social media accounts in addition to following the company\u2019s press releases,\u00a0SEC\u00a0filings, public conference calls, and webcasts.<\/p>\n<p align=\"justify\">\n        <strong>About Resonant\u2019s WaveX\u2122 Design Technology<\/strong>\n      <\/p>\n<p align=\"justify\">Resonant creates designs for difficult RF frequency bands and modules that meet challenging and complex 5G, Wi-Fi and UWB RF front-end requirements. Using WaveX\u2122, Resonant\u2019s designs have the potential to be developed in half the time and manufactured at a lower cost than traditional approaches. WaveX\u2122 is a suite of proprietary algorithms, software design tools and network synthesis techniques that enables Resonant to explore a much larger set of possible design solutions.<\/p>\n<p align=\"justify\">Resonant delivers rapid design simulations to its customers, which they manufacture in their captive fabs or have manufactured by one of Resonant\u2019s foundry partners. These improved solutions still use Surface Acoustic Wave (SAW) or Temperature Compensated Surface Acoustic Wave (TC-SAW) technologies with the performance of higher cost manufacturing methods like Bulk Acoustic Wave (BAW).<\/p>\n<p align=\"justify\">Resonant\u2019s WaveX\u2122 delivers excellent predictability, enabling achievement of the desired product performance in roughly half as many turns through the fab. In addition, Resonant\u2019s simulations model fundamental material and structure properties, which makes integration with foundry and fab customers much more intuitive, because they speak the &#8220;fab language&#8221; of basic material properties and dimensions.<\/p>\n<p align=\"justify\">\n        <strong>Safe Harbor \/ Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains forward-looking statements, which include the following subjects, among others: the capabilities of our filter designs and software tools, the timing and amount of future unit shipments and revenues, our pursuit of partnerships for use of our XBAR<sup>\u00ae<\/sup> technology for non-mobile applications, and our preliminary unaudited financial results for the recently completed quarter. Forward-looking statements are made as of the date of this document and are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: risks related to changes in Resonant\u2019s preliminary unaudited financial results for the recently completed quarter based on the completion of our financial statement closing procedures and the review by our independent registered public accounting firm of such financial statements; our limited operating history; our ability to complete designs that meet customer specifications; the ability of our customers (or their manufacturers) to fabricate our designs in commercial quantities; our customers\u2019 ability to sell products incorporating our designs to their OEM customers; changes in our expenditures and other uses of cash; the ability of our designs to significantly lower costs compared to other designs and solutions; the risk that the intense competition and rapid technological change in our industry renders our designs less useful or obsolete; our ability to find, recruit and retain the highly skilled personnel required for our design process in sufficient numbers to support our growth; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.<\/p>\n<p>\n        <strong>Investor Relations Contact:<\/strong><br \/>\n        <br \/>Greg Falesnik or Brooks Hamilton<br \/>MZ Group &#8211; MZ North America<br \/>(949) 546-6326\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cRvPvRhK7XB-iVJRLDrIOFRNE-qmHwS0l9W1AImDTKfSYYn6joO7tLiU1QhJmz_7kgBYnVcWalLrK6g_xpP5bQ==\" rel=\"nofollow noopener\" target=\"_blank\">RESN@mzgroup.us<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3NjI3MiM0Mjg1NzEyIzIxMjI4OTU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/f7c65f00-daf7-4b90-ab55-b52bf7c70439\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Company Exceeds Milestone of 79 Million RF Filters Shipped by Resonant\u2019s Customers AUSTIN, Texas, July 07, 2021 (GLOBE NEWSWIRE) &#8212; 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 a preliminary corporate update for the three months ended June 30, 2021. Second Quarter 2021 Company Highlights Resonant\u2019s customers shipped a record 17.5 million radio frequency (RF) filters designed using the Company\u2019s WaveX\u2122 design technology in the second quarter of 2021, representing an approximate 450% increase from the same year-ago period and a sequential increase of approximately 104%. To-date, Resonant\u2019s customers have shipped over 79 million RF filter units that use Resonant designs. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Resonant Customers Shipped a Record 17.5 Million RF Filters in The Second Quarter of 2021 Capitalizing on WaveX\u2122 Design Technology; Representing Year Over Year Growth of 450%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-510284","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Resonant Customers Shipped a Record 17.5 Million RF Filters in The Second Quarter of 2021 Capitalizing on WaveX\u2122 Design Technology; Representing Year Over Year Growth of 450% - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resonant Customers Shipped a Record 17.5 Million RF Filters in The Second Quarter of 2021 Capitalizing on WaveX\u2122 Design Technology; Representing Year Over Year Growth of 450% - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Company Exceeds Milestone of 79 Million RF Filters Shipped by Resonant\u2019s Customers AUSTIN, Texas, July 07, 2021 (GLOBE NEWSWIRE) &#8212; 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 a preliminary corporate update for the three months ended June 30, 2021. Second Quarter 2021 Company Highlights Resonant\u2019s customers shipped a record 17.5 million radio frequency (RF) filters designed using the Company\u2019s WaveX\u2122 design technology in the second quarter of 2021, representing an approximate 450% increase from the same year-ago period and a sequential increase of approximately 104%. To-date, Resonant\u2019s customers have shipped over 79 million RF filter units that use Resonant designs. &hellip; Continue reading &quot;Resonant Customers Shipped a Record 17.5 Million RF Filters in The Second Quarter of 2021 Capitalizing on WaveX\u2122 Design Technology; Representing Year Over Year Growth of 450%&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T12:34:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3NjI3MiM0Mjg1NzEyIzIxMjI4OTU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Resonant Customers Shipped a Record 17.5 Million RF Filters in The Second Quarter of 2021 Capitalizing on WaveX\u2122 Design Technology; 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Representing Year Over Year Growth of 450% - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450\/","og_locale":"en_US","og_type":"article","og_title":"Resonant Customers Shipped a Record 17.5 Million RF Filters in The Second Quarter of 2021 Capitalizing on WaveX\u2122 Design Technology; Representing Year Over Year Growth of 450% - Market Newsdesk","og_description":"Company Exceeds Milestone of 79 Million RF Filters Shipped by Resonant\u2019s Customers AUSTIN, Texas, July 07, 2021 (GLOBE NEWSWIRE) &#8212; 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 a preliminary corporate update for the three months ended June 30, 2021. Second Quarter 2021 Company Highlights Resonant\u2019s customers shipped a record 17.5 million radio frequency (RF) filters designed using the Company\u2019s WaveX\u2122 design technology in the second quarter of 2021, representing an approximate 450% increase from the same year-ago period and a sequential increase of approximately 104%. To-date, Resonant\u2019s customers have shipped over 79 million RF filter units that use Resonant designs. &hellip; Continue reading \"Resonant Customers Shipped a Record 17.5 Million RF Filters in The Second Quarter of 2021 Capitalizing on WaveX\u2122 Design Technology; Representing Year Over Year Growth of 450%\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-07T12:34:01+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3NjI3MiM0Mjg1NzEyIzIxMjI4OTU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/resonant-customers-shipped-a-record-17-5-million-rf-filters-in-the-second-quarter-of-2021-capitalizing-on-wavex-design-technology-representing-year-over-year-growth-of-450\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Resonant Customers Shipped a Record 17.5 Million RF Filters in The Second Quarter of 2021 Capitalizing on WaveX\u2122 Design Technology; 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