Resonant Inc. Provides Revenue Guidance for the Second Quarter Ended June 30, 2021 and Full Year of 2021
July 07, 2021 at 08:31 am EDT
Resonant Inc. provided revenue guidance for the second quarter ended June 30, 2021 and full year of 2021. Revenues in the second quarter of 2021 are expected to total $0.6 million, compared to revenues of $0.6 million in the same year ago quarter. Deferred revenues as of June 30, 2021 are expected to be $0.8 million and will be recognized over the balance of the respective contracts.
For the full year 2021, the company expects significant revenue growth over full year 2020.