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    RESN   US76118L1026

RESONANT INC.

(RESN)
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Resonant Shares Rise After Expanding Manufacturing Partnership

10/06/2021 | 11:02am EST

By Robb M. Stewart

Resonant Inc.'s shares climbed Wednesday after the provider of radio frequency filter solutions said it expanded its commercial partnership with Murata Manufacturing Co. for the development of 5G XBAR RF filters.

In morning trading, the shares were 10% higher, at $2.37. They are down roughly 10% since the end of last year.

Resonant said the expansion of the multi-year partnership targets RF filter designs using its proprietary technology across additional brands.

"This agreement brings us one step closer towards XBAR technology reaching the market with dominant scale and solving many of the challenges next-generation networks face today," George Holmes, chairman and chief executive of Resonant, said.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

10-06-21 1101ET

Stocks mentioned in the article
ChangeLast1st jan.
MURATA MANUFACTURING CO., LTD. -2.01% 8574 End-of-day quote.-8.00%
RESONANT INC. -0.91% 2.17 Delayed Quote.-18.11%
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More news
Analyst Recommendations on RESONANT INC.
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Financials (USD)
Sales 2021 3,34 M - -
Net income 2021 -34,0 M - -
Net Debt 2021 - - -
P/E ratio 2021 -3,93x
Yield 2021 -
Capitalization 143 M 143 M -
Capi. / Sales 2021 42,6x
Capi. / Sales 2022 12,1x
Nbr of Employees 67
Free-Float 94,8%
Chart RESONANT INC.
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Resonant Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends RESONANT INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 2,17 $
Average target price 6,00 $
Spread / Average Target 176%
EPS Revisions
Managers and Directors
George B. Holmes Chairman & Chief Executive Officer
Martin S. McDermut Chief Financial Officer & Secretary
Neal Fenzi Chief Technology Officer
Dylan J. Kelly Chief Operating Officer
Michael Joseph Fox Lead Independent Director
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