Resonant Inc. Presents Updated Company Presentation
January 16 2019 - 7:05AM
Management from Resonant Inc. (NASDAQ: RESN), a leader in
transforming the way radio frequency, or RF, front-ends are being
designed and delivered for mobile handset and wireless devices,
will present at the 21st Annual Needham Growth Conference an
updated investor presentation that includes a first look at the
company’s expectations for 2019.
“We believe 2019 will be a breakout year for Resonant, building
upon our expansion in 2018. We anticipate our company KPIs to grow
year over year by an average of 40%, with a range of 14% to over
100%,” stated George B. Holmes, CEO of Resonant. “We expect to
accelerate the ramp of our royalty revenue through the course of
2019 as we continue to deliver against our key milestones. We are
working closely with our customers to provide designs for products
that they intend to sell not only today but for multiple years in
the future.
Resonant’s Key Performance Indicators (KPIs) for 2019
include:
- Number of team members
- ISN development
- Design efficiency
- Number and type of customers
- Number of devices contracted
- Annual customer revenue potential
- Number of devices shipped for royalty revenue
- Number of devices accepted by customers
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/21e199eb-1161-4bee-89b7-33815e184db0
“Ongoing and deepening relationships with our customers enable
us to stay on top of, and at times in front of, the needs of the RF
front-ends (RFFE) industry. An example is Resonant’s
development of our cutting-edge 5G XBAR-based filters, which we
expect to demonstrate at Mobile World Congress in Barcelona next
month and make available for licensing later in 2019. If
successful, BAW and XBAR will be an additional key driver to our
growth starting late in 2019 coinciding with 5G deployments.
“In 2019 we also expect to add to our Filter IP Standard
Library, which we rolled out with an initial quadplexer solution in
December of last year. Developed in collaboration with our foundry
partners, the solutions licensed through this program will enable
our customers to enter the RFFE market quickly with proven designs
that further reduce time to market, which is critical in this
fast-moving industry. We expect the increased scope of the standard
library, which will include XBAR based devices targeting 5G, will
further expand our potential customer base, and should positively
impact our growth prospects.
“Finally, demonstrating both the traction from our fabless
foundry program and the significance of our IP, we expect to sign
our first OEM in 2019.”
Resonant Investor PresentationThe presentation
will be webcast live and available for replay following the live
presentation. The webcast can be viewed at
https://ir.resonant.com/events and the investor presentation can be
accessed at https://ir.resonant.com/presentations.
About Resonant Inc.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 Infinite Synthesized Network (ISN) 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’s disruptive capabilities to
design cutting edge filters and modules, while capitalizing on the
added stability of a diverse supply chain through Resonant’s
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.
To learn more about Resonant, view the series of videos
published on its website that explain Resonant's technologies and
market positioning:
- Speeding the Transition to 5G
- Infinite Synthesized Networks, ISN® Explained
- What is an RF Filter?
- RF Filter Innovation
- Transforming the Mobile Filter Supply Chain
For more information, please visit www.resonant.com.
Resonant uses its website (https://www.resonant.com) and
LinkedIn page (https://www.linkedin.com/company/resonant-inc-/) 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’s
website and its social media accounts in addition to following the
company’s press releases, SEC filings, public conference
calls, and webcasts.
About Resonant’s ISN TechnologyResonant can
create designs for difficult bands, modules and other complex RF
Front End requirements that we believe have the potential to be
manufactured for half the cost and developed in half the time of
traditional approaches. ISN is a suite of proprietary mathematical
methods, software design tools and network synthesis techniques
that enable us to explore a much larger set of possible design
solutions that regularly incorporate our proprietary technology. We
then quickly deliver design simulations to our customers, which
they manufacture or have manufactured by one of our foundry
partners. These improved solutions still use Surface Acoustic Wave
(SAW) or Temperature Compensated Surface Acoustic Wave (TC-SAW)
manufacturing methods and perform as well as those using higher
cost manufacturing methods such as Bulk Acoustic Wave (BAW).
Resonant's method delivers excellent predictability, enabling
achievement of the desired product performance in roughly half as
many turns through the fab. In addition, because Resonant's models
are fundamental, integration with its foundry and fab customers is
seamless because its models speak the "fab language" of basic
material properties and dimensions.
Safe Harbor / Forward-Looking StatementsThis
press release and the investor presentation contains
forward-looking statements, which include the following subjects,
among others: the status of filter designs under development, the
capabilities of our filter designs and software tools, the timing
and amount of future revenues, our views on future financial
performance and market share, and other KPIs for 2019.
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: 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’ 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 “Risk Factors” and “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” 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.
Moriah Shilton, LHA Investor Relations 1-415-433-3777
RESN@lhai.com
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