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Resonant Inc

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2021 10-K, filed Mar 14, 2022. Its latest SEC filing is a 15-12B from Apr 7, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Develops software, intellectual property and filter designs for radio-frequency front ends, serving filter makers, module makers and fabless filter manufacturers.

How Did They Make Money?

Customers pay upfront design fees or prepaid royalties for filter designs; Resonant earns this money as it develops the designs over time. Some agreements also pay royalties when customers ship products using the designs.

revenue

Who Were Their Customers?

Filter and module makers, including fabless filter manufacturers, enter design and license agreements with Resonant; customers’ products are then qualified by original equipment makers before mass production.

Did Revenues Turn Into Profits?

No. It lost $36M in .

Operating income,
−1651% of revenue
▲ +26% (Loss) vs (−$28.5M, −901%)
Net income,
−1653% of revenue
▲ +27% (Loss) vs (−$28.4M, −899%)

How Were They Changing?

Since the FY2021 annual report
  • Mar 28, 2022 Murata completed its acquisition of Resonant Resonant became a wholly owned Murata subsidiary, and its shares were delisted.

Grew. Revenue grew 3.3x in 4 years, from $653K in to $2.2M in , about 35% a year.

Broader applications The business description expands from filters for mobile devices to filters for mobile, automotive, medical and internet-of-things applications, and adds development of XBAR filters for WiFi and ultra-wideband applications.

New design and licensing arrangements The latest report describes prepaid royalties, including payments tied to development milestones, and a collaboration with Murata to develop and license XBAR filter designs; the older report describes upfront design fees and royalties on units sold.

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