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Resonant 1Q16 results ?3

17:07 11-May-16


Resonant has reported results for its first quarter:
The $27K was the pro-rated portion of $80K in payments from the two MoUs.  The remaining balance of $53K will be recognized this quarter.  These figures don't matter much, but SA and others have misreported them by using the 42 cent GAAP loss instead.

On the conference call, management indicated that the designs which resulted in an initial licensing agreement is not yet complete.  Nonetheless, management hopes to achieve recurring revenue from the product this year.  That's a little surprising, but it would be necessary in order to avoid another capital raise.  Furthermore, the designs that go to market first are likely to be simpler and thus initial revenues could be disappointing to some investors.  My guess is that we've seen the gains that we're going to see in RESN from the first licensing agreement for the short-term.  Some caution is warranted going into summer, but Resonant's technological progress continues to sound good.