Company Quick10K Filing
Resonant
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 28 $64
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-14 Annual: 2018-12-31
10-Q 2018-11-13 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-11 Quarter: 2017-03-31
10-K 2017-03-30 Annual: 2016-12-31
10-Q 2016-11-10 Quarter: 2016-09-30
10-Q 2016-08-10 Quarter: 2016-06-30
10-Q 2016-05-12 Quarter: 2016-03-31
10-K 2016-03-25 Annual: 2015-12-31
10-Q 2015-11-12 Quarter: 2015-09-30
10-Q 2015-08-13 Quarter: 2015-06-30
10-Q 2015-05-06 Quarter: 2015-03-31
10-K 2015-03-27 Annual: 2014-12-31
10-Q 2014-11-12 Quarter: 2014-09-30
10-Q 2014-08-14 Quarter: 2014-06-30
8-K 2020-02-12 Officers
8-K 2020-02-10 Other Events
8-K 2020-02-06 Other Events, Exhibits
8-K 2020-02-06 Earnings
8-K 2019-12-02 Officers, Exhibits
8-K 2019-11-05 Earnings, Exhibits
8-K 2019-09-30 Enter Agreement, Sale of Shares, Exhibits
8-K 2019-08-09 Sale of Shares
8-K 2019-07-31 Enter Agreement, Earnings, Officers, Exhibits
8-K 2019-06-11 Officers, Amend Bylaw, Shareholder Vote, Other Events, Exhibits
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-03-14 Earnings, Exhibits
8-K 2019-01-24 Officers
8-K 2018-11-13 Earnings, Exhibits
8-K 2018-10-31 Officers, Exhibits
8-K 2018-10-07 Officers, Exhibits
8-K 2018-09-21 Officers, Exhibits
8-K 2018-08-14 Officers, Exhibits
8-K 2018-08-09 Earnings, Exhibits
8-K 2018-06-12 Shareholder Vote
8-K 2018-05-14 Enter Agreement, Exhibits
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-04-09 Officers
8-K 2018-04-06 Other Events, Exhibits
8-K 2018-04-01 Enter Agreement, Other Events, Exhibits
8-K 2018-03-21 Enter Agreement, Other Events, Exhibits
8-K 2018-02-27 Earnings, Exhibits
8-K 2018-02-01 Other Events, Exhibits

Resonant Financials

RESN Metrics, Comps, Filings

Annual | Quarterly

Business

We are commercializing our technology through the creation of filter designs that address the problems in the high growth RFFE industry created by the growing number of frequency bands in mobile devices. The worldwide adoption of Long Term Evolution, or LTE, as the global standard, and the use of mobile devices to access the Internet, has resulted in massive proliferation of frequency bands which, when combined with CA for higher data rates and multiple input multiple output, or MIMO, has resulted in an ever-increasing number and complexity of filters in the RFFE. We have developed and continue to expand a series of single-band designs for frequency bands presently dominated by larger and more expensive bulk acoustic wave, or BAW, filters. We are also developing multiplexer filter designs for two or more bands to address the CA requirements of our customers. We are using our ISN® platform to efficiently integrate these designs into RF modules for our module customers. Finally, we are developing unique filter designs, enabled by ISN®, to replace multiple filters and associated componentry for many bands, with higher performance. Currently, we are leveraging ISN® to develop these designs targeted for either the Surface Acoustic Wave (SAW) or Temperature Compensated, Surface Acoustic Wave (TC-SAW) manufacturing processes. In 2018 we further extended ISN® for BAW designs, which has resulted in our invention of a unique resonator structure that we call XBARTM, which exhibits performance parameters suitable for 5G applications - high frequency operation, large bandwidth and high power reliability. Our success with XBARTM is dependent on our ability to develop high frequency filters utilizing these resonator structures that are successfully adopted by our targeted customers, which will be determined by our ability to show improved performance over competing products or significantly reduce the size and cost of their products.

We believe licensing our designs is the most direct and effective means of validating our ISN® platform and related IP libraries to address this rapidly growing market. Our target customers make part or all of the RFFE. We intend to retain ownership of our designs, and we expect to be compensated through license fees and royalties based on sales of RFFE filters that incorporate our designs and leverage our ISN® platform.

Our typical customer engagement process begins with the execution of a Joint Development Agreement, or JDA, and License Agreement, or LA, for specific bands. Depending on the complexity of the design, we estimate that initial samples of products to OEMs, will occur typically within nine to thirty-six months following execution of a license agreement. We classify these new designs as either ISN® Ready (9-12 months), ISN® Pilot (12-18 months), ISN® Advanced (18-36 months) or ISN® Development (Custom). Following these development cycles, designs are manufactured, qualified by our customers and sampled to OEM customers. Our customers can take from three to six months to qualify a design and then the OEMs can take an additional three to six months, or longer, to qualify a design as fit for use, reliable and ready for mass production. The point at which an OEM begins taking product from our customers in mass production is typically when royalty revenues would begin. Our customer agreements typically provide for upfront design fees and royalty payments for each unit sold using our filter designs and typically last for a minimum of two years, but may be renewed for a longer period.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Everspin Technologies (MRAM) 121,088 46% -7.9 -45% 37,476 18,829 42,471 19,646 -17,035 -14,584 115,434
Kopin (KOPN) 92,721 5% -2.3 -63% 58,358 16,384 27,520 1,439 -36,650 -35,247 80,586
Emcore (EMKR) 87,430 22% -3.3 -21% 126,656 36,049 88,206 19,749 -26,895 -20,230 66,769
Atomera (ATOM) 86,053 81% -4.9 -70% 19,801 1,344 291 236 -13,802 -13,764 66,935
Sequans Communications (SQNS) 76,733 0% 62,574 0 0 0 0 76,733
QuickLogic (QUIK) 69,673 53% -2.9 -36% 40,131 20,269 12,024 6,416 -14,435 -14,355 41,522
Resonant (RESN) 64,309 0% -2.0 -154% 18,057 5,901 440 0 -27,783 -26,831 53,809
Supercom (SPCB) 58,936 0% 54,198 21,491 0 0 0 0 57,899
Intermolecular (IMI) 57,720 72% -7.2 -24% 45,278 17,495 25,452 18,425 -10,879 -7,731 55,560
Emagin (EMAN) 24,586 15% -5.2 -22% 28,661 10,867 23,775 3,469 -6,172 -4,186 21,781
LightPath Technologies (LPTH) 24,265 37% 14.9 -6% 45,973 12,514 33,749 12,519 -2,680 1,689 25,242
Summit Wireless (WISA) 23,476 1% -0.8 -649% 6,157 2,204 1,529 12 -39,980 -25,745 20,154
Rubicon Technology (RBCN) 22,336 15% 38.2 0% 34,939 1,561 2,667 404 73 328 12,530
On Track Innovations (OTIV) 17,356 62% -17.7 -10% 22,419 12,744 14,423 8,896 -2,294 -774 13,703
SemiLEDS (LEDS) 11,305 -1% -5.6 -34% 11,184 8,574 6,297 -82 -3,811 -2,752 15,482
Mosys (MOSY) 7,782 62% -0.1 -106% 11,497 4,318 14,380 8,886 -12,165 -11,520 1,410
Ameri Holdings (AMRH)
SPI Energy (SPI)
Canaan (CAN)
ASE Technology Holding (ASX) 0% 534,061,927 315,034,005 0 0 0 0 -0

Balance Sheet ($'000)2014-12-312015-12-312016-12-312017-12-312018-12-31
Cash5,8035,5005,084100211
Accounts Receivable
Inventory
PP&E1,0419929941,3541,987
Assets15,4637,56713,19923,76026,244
Accounts Payable223518905708695
Long-Term Debt
Liabilities7731,0993,0663,1123,346
Stockholders' Equity14,6906,46810,13320,64822,898
Income Statement ($'000)2014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue0061653524
Cost of Revenue
Gross Profit
R&D2,9473,5546,44310,04514,271
SG&A2,9324,0858,4559,64411,546
Tax111-141
Net Income-9,731-9,715-15,247-21,653-24,816
Cash Flow ($'000)2014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-4,613-7,411-10,659-14,474-18,131
Cash Investing-9,1374,154-2,8303,607-18,198
Cash Financing16,213-4516,07825,30021,312