Company Quick10K Filing
Resonant
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 28 $64
10-K 2020-03-13 Annual: 2019-12-31
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 2020-03-17 Other Events
8-K 2020-03-10 Earnings, Exhibits
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 Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Quarterly)

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) 106,968 47% -10.3 -33% 35,114 17,054 27,850 13,158 -11,589 -9,725 99,936
Kopin (KOPN) 58,258 5% -1.5 -65% 51,352 15,541 28,533 1,439 -33,364 -32,689 49,500
Emcore (EMKR) 87,835 17% -2.3 -33% 109,562 32,816 87,265 15,089 -35,984 -28,746 65,858
Atomera (ATOM) 62,832 43% -4.5 -59% 17,449 1,280 395 171 -10,254 -10,221 46,032
Sequans Communications (SQNS) 76,733 0% 62,574 0 0 0 0 76,733
QuickLogic (QUIK) 43,126 54% -1.5 -35% 35,801 19,563 7,439 4,042 -12,381 -12,282 18,304
Resonant (RESN) 92,919 0% -3.7 -92% 23,881 7,897 276 0 -22,082 -21,346 78,045
Supercom (SPCB) 20,803 0% 44,349 24,799 0 0 0 0 27,626
Intermolecular (IMI) 57,720 72% -8.8 -18% 45,278 17,495 19,131 13,818 -8,282 -6,337 55,560
Emagin (EMAN) 18,194 14% -3.5 -23% 28,781 11,138 24,827 3,581 -6,550 -5,008 17,631
LightPath Technologies (LPTH) 24,282 36% -1,427.5 -8% 46,110 13,862 32,751 11,867 -3,473 -18 25,057
Summit Wireless (WISA) 18,816 9% 2.7 -229% 3,541 2,137 1,236 112 -8,097 6,938 18,532
Rubicon Technology (RBCN) 25,706 16% -16.0 -3% 34,545 1,249 2,272 373 -1,132 -989 15,821
On Track Innovations (OTIV) 13,224 52% -3.5 -19% 20,484 12,267 10,994 5,721 -3,854 -2,814 9,749
SemiLEDS (LEDS) 9,093 8% -5.7 -31% 11,662 9,874 5,902 452 -3,561 -2,468 13,974
Mosys (MOSY) 5,314 62% 0.5 -19% 10,059 4,600 7,792 4,803 -1,894 -1,582 -856
Ameri Holdings (AMRH)
SPI Energy (SPI) 0% 188,728 188,658 0 0 0 0 8,801
Canaan (CAN)
ASE Technology Holding (ASX) 0% 534,061,927 315,034,005 0 0 0 0 -0

Balance Sheet ($'000)2014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash17,3547,6855,80311,9009,8007,9005,5003,1005,70012,7009,80013,0009,10013,53019,5247,76711,88217,68121,30015,20010,50014,874
Accounts Receivable
Inventory
PP&E7728181,2491,3121,4161,6251,6641,7551,9002,0622,2692,3142,4802,6033,2123,3993,4463,4733,7843,9013,9924,143
Assets18,58016,89715,46313,75511,7649,9247,5675,0957,72916,02413,19916,31712,60817,06223,76037,14535,54431,04626,24422,95318,05723,881
Accounts Payable640146223408268383518816700814905759403809708900580698695777759948
Long-Term Debt
Liabilities5,6694377738848121,2261,0991,2241,2181,7733,0662,4452,0852,2693,1122,5962,3042,7223,3465,7625,9017,897
Stockholders' Equity12,91216,46014,69012,87110,9528,6986,4683,8716,51114,25110,13313,87210,52314,79320,64834,54933,24028,32422,89817,19112,15615,984
Income Statement ($'000)2014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue00002763251871562201061711571241151346379
Cost of Revenue
Gross Profit
R&D9696239219971,0941,1672961,0431,1381,4592,4652,1102,2452,3363,0893,2543,3473,5844,3864,6334,609
SG&A4557601,1961,1279431,5844311,5601,3192,3462,7702,7862,0581,9782,7052,6652,8333,0022,9852,9942,952
Tax001000100-2311-160300100
Net Income-3,347-266-2,172-2,228-2,145-2,871-2,471-3,076-2,988-3,977-5,206-4,894-4,263-4,184-8,312-5,716-5,952-6,275-7,137-7,498-7,447
Cash Flow ($'000)2014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-1,625-1,365-1,573-1,981-1,6112,300-2,327-6,906-2,977-3,076-3,990-3,713-2,945-4,737-4,391-4,450-6,097-5,247-5,556
Cash Investing-8,043-488-1,2748522,6901,8862,881-4,465-6,4135,1674,389-204-176-25,5475,46510,2559,9951,6324,215
Cash Financing0-30-31-140005,17710,6212807,471517,55718,4243,04004009879,940