N O V E M B E R 2 0 2 1
THIRD QUARTER 2021 EARNINGS
NASDAQ | RESN
SAFE HARBOR STATEMENT
This document contains forward-looking statements. The words "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "plan," "expect" and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. Forward- looking statements may address the following subjects among others: the status of filter designs under development, the prospects for licensing filter designs upon completion of development, plans for other filter designs not currently in development, potential customers for our designs, the timing and amount of future royalty streams, the expected duration of our capital resources, our hiring plans, the impact of our designs on the mobile device market, and our business strategy. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: our limited operating history; our ability to complete designs that meet customer specifications; the ability of our customers (or their manufacturers) to fabricate our designs in commercial quantities; the ability of our customers to sell products incorporating our designs to OEMs; our dependence on a small number of customers; the ability of our designs to significantly lower costs as compared to other designs and solutions; the risk that the intense competition and rapid technological change in our industry renders our designs less useful or obsolete; our ability to find, recruit and retain the highly skilled personnel required for our design process in sufficient numbers to support our growth; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this document, and we expressly disclaim any obligation or undertaking to update forward- looking statements.
We may refer to information regarding potential markets for products and other industry data. We believe that all such information has been obtained from reliable sources that are customarily relied upon by companies in our industry. However, we have not independently verified any such information.
Q3 2021 Earnings Presentation (NASDAQ: RESN) | 2
POSITIONED FOR LONG-TERM GROWTH
Continued acceleration and execution of strategic priorities
EXPANDED XBAR® AGREEMENT WITH | OPERATIONAL HIGHLIGHTS |
WORLD'S LARGEST RF FILTER MANUFACTURER | |
- Increased number of bands to be developed from 4 to 8
- Increased average price per band for additional 4 devices by up to 400% for most complex designs
- Continued focus on commercialization of first four devices
- Strategic partner's exclusive rights to XBAR® for mobile ends March 2022
- Patent portfolio grew to >390 patents filed or issued, >240 of which are related XBAR®
- Continued legacy customer successes provide roadmap for future XBAR® engagements
Q3 2021 HIGHLIGHTS
Value of Expanded Agreement | Q3 Unit Volumes Ramped to | Unit Volumes Shipped To-Date |
$17M - $43M | 21M+ | 100M+ |
(Potential revenue for Resonant) | (~433% increase YoY) | (production volumes) |
Q3 2021 Earnings Presentation (NASDAQ: RESN) | 3 |
XBAR® ADDRESSES REQUIREMENTS OF NEXT-GEN NETWORKS
5G TRAFFIC INCREASES
SIGNIFICANT INTERFERENCE
PROBLEMS
5G WAVE 1
TODAY'S 5G
- Low 5G Traffic
- Insignificant Interference
- Light Filter Requirements
5G WAVE 2
PROMISED PERFORMANCE
- Substantial 5G traffic
- Significant Interference Problems
- Demanding Filter Requirements
MARKET DEMANDS MORE
TIME
2022
WAVE 1
2025 | |
WAVE 2 | WAVE 3 |
ADVANCED FILTERS
UNDERWHELMING SPEEDS & LESS INFRASTRUCTURE
5G CAPACITY & SPEED | EXTREME SPEED & |
INCREASES | CAPACITY INCREASES |
Q3 2021 Earnings Presentation (NASDAQ: RESN) | 4
XBAR® SOLVES ISSUES THAT CHALLENGE EXISTING BAW SOLUTIONS
SCANDIUM DOPED - ScAlN BAW SOLUTION
$$$ | Requires sub-banding or selective |
"notches", increasing cost, area, and loss |
Multi-Band Switching Approach | Hybrid Approach | ||||||||||
Non acoustic | Acoustic |
LC bandpass | Notch BAW |
filter | Filter |
Legacy 4G filter technology,
extended to attempt to
meet next-gen requirements
XBAR® SOLUTION | |
$ | Natively meets the requirements of 5G & |
Wi-Fi 6E with significantly lower cost |
Full Band Approach
Advanced filter technology designed to meet next-gen requirements
Q3 2021 Earnings Presentation (NASDAQ: RESN) | 5
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Resonant Inc. published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 21:43:10 UTC.