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Resonant 4Q17 results -2

16:26 27-Feb-18


The results for Resonant's fourth quarter have been released:

The revenue figure is particularly disconcerting in light of these stats, which head up the press release:

We now have 8 customers working with Resonant, over 50 designs of increasing complexity contracted, more than 10 qualified designs that our customers are sampling to OEMs, and over 7.5 million units utilizing our technology shipped in 2017
Those numbers sound good, but they should lead to higher revenue.  Although my projections weren't as high as the analyst consensus, I was expecting revenue of at least $200K.  If this was just a recognition timing issue that will be fine, but I will be looking for some explanation.  The conference call starts at 4:30 and I will listen to it, but I may go straight from there to a last minute presentation by the now interim CEO of Energy Recovery.  If there is anything urgent, I'll get it out quick, but otherwise I'm likely to bundle some follow-up thoughts for all the reports we've seen this week together with some lead in to Energy Recovery's report next week.