{"id":526851,"date":"2021-08-11T16:09:56","date_gmt":"2021-08-11T20:09:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/resonant-inc-reports-second-quarter-2021-financial-results\/"},"modified":"2021-08-11T16:09:56","modified_gmt":"2021-08-11T20:09:56","slug":"resonant-inc-reports-second-quarter-2021-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/resonant-inc-reports-second-quarter-2021-financial-results\/","title":{"rendered":"Resonant Inc. Reports Second Quarter 2021 Financial Results"},"content":{"rendered":"

\nResonant-Designed RF Filter Shipment Volumes Grew a Record 450% Year-Over-Year; IP Portfolio Expands to over 375 Filed or Issued Patents
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AUSTIN, Texas, Aug. 11, 2021 (GLOBE NEWSWIRE) — 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 second quarter ended June 30, 2021.<\/p>\n

\n Management Commentary<\/strong>\n <\/p>\n

\u201cThe second quarter of 2021 was marked by accelerating customer shipments of a record 17.5 million RF filters, continued advancements in our XBAR\u00ae<\/sup> RF filter technology to unlock next-generation networks and financial results in-line with previously issued guidance,\u201d said George B. Holmes, Chairman and CEO of Resonant. \u201cWe continue to receive validation from industry leaders that our XBAR\u00ae<\/sup> technology is the best solution to meet the demands of 5G, 6G, Wi-Fi 6 & 7, UWB and potentially mmWave.<\/p>\n

\u201cDuring the quarter we announced our upgraded, cloud-based WaveX\u2122 platform with full 3D finite element modeling to enable XBAR\u00ae<\/sup> design workflow. These enhancements enable simulation of resonators and filters not possible with today\u2019s commercially available tools, while also offering a significantly reduced time to market for our customers and enabling RF filters to be developed at a much lower cost when compared to traditional approaches.<\/p>\n

\u201cThrough our continued work with the world\u2019s largest RF filter manufacturer, we are executing upon our agreement to build a high-volume manufacturing platform for XBAR\u00ae<\/sup> filters to meet the stringent demands of the largest mobile handset OEMs in the world. In fact, we are now expecting to expand our relationship with this strategic partner by additional design contracts, while also securing an XBAR\u00ae<\/sup> contract in the back half of 2021 focused on non-mobile applications, such as autonomous and electric vehicles, IoT or infrastructure applications,\u201d concluded Holmes.<\/p>\n

\n Second Quarter 2021 Company Highlights<\/strong>\n <\/p>\n