RESN - Resonant expects Q1 revenues to increase 12%

Resonant (RESN) provides preliminary unaudited financial results for Q1 2021.Customers have shipped over 61M RF filter units to date, including a record 8.6M units designed using the company’s ISN® design technology in Q1 2021.Revenues are expected to increase 12% to $0.6 million, compared to revenues of $0.5M last year. Cash and cash equivalents of ~$21.6M, which includes $4.1M of net proceeds from sales of equity.Guidance Q2 2021: Revenues are expected to be in line with Q1 2021. FY 2021, company expects significant growth over full year 2020.“Driven by our work with the world’s largest filter manufacturer and other commercial initiatives in the non-mobile market, we expect our growth to be significant in 2021. I look forward to providing detail on our proprietary design technology, XBAR® progress and the growth opportunity within our industry during our upcoming first quarter conference call,” comments George B. Holmes.

For further details see:

Resonant expects Q1 revenues to increase 12%