--- the subscriber area has no ads and those above are not selected or endorsed by this site ---
Resonant Product Development VP and Orbital solar contract ?3
09:33 09-Aug-21
Resonant has appointed Mike Conry as Vice President of Product Development with the responsibility for supporting customers to scale XBAR to commercialization and high-volume manufacturing. He joined Peregrine Semiconductor in 2007. Peregrine was bought by Murata in 2014 for $12.50 per share. The share price prior to that was $7.69 but Peregrine had shipped over 2b chips by that point and had $60M in quarterly revenue. Resonant just exceeded 79M units shipped and has 1% of those quarterly sales.
With 5G deployment, this is a different market than in 2014, and some change to the relationship with Murata still has to happen in the coming months. To wit, Dish just turned in a good quarterly report, though that seems to be mostly from subscribers for Olympic TV coverage. RESN continues to trade below $3 and though this development is interesting, I don't think investors should get too excited about it.
Orbital has also issued another press release about a 130 MW solar EPC win. I remain concerned about Oribital's profitability.