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Resonant schedules 2Q18 report ?3

09:16 27-Jul-18


Resonant has scheduled its second quarter report to occur after market close on Thursday, August 9th.  The average estimates of 4 analysts covering the company comes to a loss of 18 cents per share on $410K of revenue, which is expected to more than double to $910K in the third quarter. 

The next catalyst for Resonant should be the announcement of 25M units shipped, probably some time this year.  For this report, I think revenue (including any guiding comments) will be more important than EPS.  If those two proceed as anticipated, my price target for RESN should finally increase above $5 in 2019, but given market volatility, it usually doesn't pay to get too far ahead of the game with stocks like this.