Resonant Inc. (NASDAQ:RESN) Q3 2019 Earnings Conference Call - Final Transcript

Nov 05, 2019 • 04:30 pm ET

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Resonant Inc. (NASDAQ:RESN) Q3 2019 Earnings Conference Call - Final Transcript

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Presentation
Executive
George Holmes

in guiding us to develop solutions for 5G outside the mobile market. We ended the quarter with roughly the same headcount as we started by leveraging the design efficiencies of our ISN platform.

Turning to Slide 15. In closing, I'd like to highlight some of the key takeaways for our investors. Clearly, Resonant's IP with over 200 patents filed and issued, our ISN software tools and our go-to-market model are a disruptive force in a rapidly growing market. In the past three-plus years, we've had discussions with all of the major market participants, including vertically integrated module and filter manufacturers, OEM handset manufacturers, carriers on a worldwide basis and manufacturers of other key components in the handset including power amplifiers, switches and antennas. I can tell you as the CEO of Resonant, that the acknowledgment by the world's largest RF filter manufacturer and the value of our disruptive technology has provided a fresh look and renewed interest by all. Although, the unit volumes are on the rise and we expect that trend to continue. We now have three third-party validations that our technology has made it into a Tier 1 phone.

Our engagement with Teledyne will facilitate our ability to deliver samples of our high-frequency filters to not only our Tier 1 partner but also support our ability to sample 5G non-mobile applications as well. We are in the best position possible with our technology partners and market timing to capitalize on the growth of the market that is being fueled by 5G. I can't emphasize enough the power of our IP Filter Standard Library of products and the choices it provides us as we continue to develop relationships directly with OEMs.

Lastly, Resonant may be the only pure-play filter company to have broken the code on delivering the bandwidth needed for the next great expansion of the RF filter market. This coupled with the achievements we've discussed today makes it a tremendous opportunity for new investors to provide additional confidence for our existing investors.

Now, I'd like to turn the call over to the operator for Q&A. Operator?