Earnings release
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August 11 , 2021 ARESONANTⓇ Resonant Inc. Reports Second Quarter 2021 Financial Results Resonant - Designed RF Filter Shipment Volumes Grew a Record 450 % Year - Over - Year ; IP Portfolio Expands to over 375 Filed or Issued Patents AUSTIN , Texas , Aug. 11 , 2021 ( GLOBE NEWSWIRE ) -- Resonant Inc. ( NASDAQ : RESN ) , a provider of radio frequency ( RF ) filter solutions developed on a robust intellectual property platform , designed to connect People and Things , today provided financial results for the second quarter ended June 30 , 2021 . Management Commentary " The second quarter of 2021 was marked by accelerating customer shipments of a record 17.5 million RF filters , continued advancements in our XBAR® RF filter technology to unlock next - generation networks and financial results in - line with previously issued guidance , " said George B. Holmes , Chairman and CEO of Resonant . " We continue to receive validation from industry leaders that our XBAR® technology is the best solution to meet the demands of 5G , 6G , Wi - Fi 6 & 7 , UWB and potentially mmWave . " During the quarter we announced our upgraded , cloud - based WaveX TM platform with full 3D finite element modeling to enable XBARⓇ design workflow . These enhancements enable simulation of resonators and filters not possible with today's commercially available tools , while also offering a significantly reduced time to market for our customers and enabling RF filters to be developed at a much lower cost when compared to traditional approaches . " Through our continued work with the world's largest RF filter manufacturer , we are executing upon our agreement to build a high - volume manufacturing platform for XBARⓇ filters to meet the stringent demands of the largest mobile handset OEMs in the world . In fact , we are now expecting to expand our relationship with this strategic partner by additional design contracts , while also securing an XBAR® contract in the back half of 2021 focused on non - mobile applications , such as autonomous and electric vehicles , loT or infrastructure applications , " concluded Holmes . Second Quarter 2021 Company Highlights • Resonant customers shipped a record 17.5 million RF filters designed using the Company's WaveXTM technology in the second quarter of 2021 , representing an approximate 450 % increase from the same year - ago period and a sequential increase of approximately 104 % . To - date , Resonant's customers have shipped over 79 million RF filter units that use the Company's designs . • The Company's robust patent portfolio grew to over 375 patents filed or issued as of June 30 , 2021 , greater than 225 of which are related to Resonant's proprietary XBARⓇ