Resonant Inc. (NASDAQ:RESN) is reporting third quarter earnings results on Tuesday 10th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.1 per share.
For the full year, analysts predict revenues of $ 3.04 million, while looking forward to loss of $ 0.44 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 1.40 million ~ $ 1.40 million
Click Here For More Historical Outlooks Of Resonant Inc.
Previous Quarter Performance
Resonant Inc. recorded loss for the second quarter of $ 0.14 per share, from the revenue of $ 0.60 million. Wall street analysts are predicting, RESN to report 2Q20 loss of $ 0.12 per share from revenue of $ 0.54 million. The bottom line results missed street analysts by $ 0.02 or 16.67 percent, at the same time, top line results outshined analysts by $ 0.06 million or 11.11 percent.
Stock Performance
Shares of Resonant Inc. traded up $ 0.02 or 0.87 percent on Monday, reaching $ 2.33 with volume of 968.10 thousand shares. Resonant Inc. has traded high as $ 2.41 and has cracked $ 2.29 on the downward trend
According to the previous trading day, closing price of $ 2.33, representing a 143.16 % increase from the 52 week low of $ 0.95 and a 29.79 % decrease over the 52 week high of $ 3.29.
The company has a market capital of $ 124.19 million and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 8th October 2020, maintained by Needham & Company LLC at Buy rating, with $ 3.50 target price.
- On 7th October 2020, maintained by Stifel Nicolaus at Buy rating, with $ 4.00 target price.
Conference Call
Resonant Inc. will be hosting a conference call at 4:30 PM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.resonant.com
Resonant Inc., a late-stage development company, designs and develops filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology, a software platform that is used to configure and connect resonators, the building blocks of RF filters. The company develops a series of single-band designs for frequency bands; and multiplexer filter designs for two or more bands to address the carrier aggregation, as well as filter designs to replace various filters and associated componentry for various bands.
