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Resonant 3Q20 results ?3
16:21 10-Nov-20
Resonant has published its third quarter results:
- a loss of 11 cents per share misses by
a penny
- from $1.4M of revenue, which beats by
$200K
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.