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Resonant 3Q20 results ?3


Resonant has published its third quarter results:

Resonant's customers shipped over 4.1M units shipped, and I see that growth, as more important than the bottom line miss.  Deferred revenue also grew to $2.4M, indicating that the trend will continue, and thanks to the milestone payment, the company used $3.8M in net cash, as compared to $5.5-6M typical usage.  Even so, it is down to $20.1M left and remains doubtful, though not impossible, that it will avoid another capital raise.  The conference call is at 4:30 but I will almost certainly switch over to the Amdocs call before it is finished, and then send at least some minor follow-up notes on all 3 recent GRoDT earnings calls later.