Resonant Inc. Reports First Quarter 2020 Financial Results
Resonant Inc. (RESN)
Last resonant inc. earnings: 3/10 04:05 pm
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US:NASDAQ Investor Relations:
ir.resonant.com
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Source: GlobeNewswire
GOLETA, Calif., May 06, 2020 (GLOBE NEWSWIRE) -- Resonant Inc. (NASDAQ: RESN), a leader in transforming the way radio frequency, or RF, front-ends are being designed and delivered for mobile handset and wireless devices, today announced financial results for the first quarter ended March 31, 2020, and provided a business update. “We are building momentum in 2020, demonstrated by our sequential revenue growth, our expanding customer footprint, especially in China, and the technological advancements we have made with our XBAR® technologies targeting 5G,” stated George B. Holmes, Chairman and CEO of Resonant. “Resonant has also been fortunate to observe only minimal impact to our operations from Coronavirus Disease 2019 (COVID-19) and remains cautiously optimistic about the future.” First Quarter and Recent Highlights Revenues up sequentially over fourth quarter 2019.Reduced annualized expense run-rate by approximately $5 million.Signed multiple license agreements with a
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