Resonant Inc. (NASDAQ:RESN) Q2 2020 Earnings Conference Call - Final Transcript

Aug 05, 2020 • 04:30 pm ET

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Resonant Inc. (NASDAQ:RESN) Q2 2020 Earnings Conference Call - Final Transcript

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Q & A
Operator
Operator

Thank you. [Operator Instructions] Joining us through this question-and-answer session today will be George Holmes, Marty McDermut and Dylan Kelly.

[Operator Instructions] Our first question comes from Tore Svanberg with Stifel. Please proceed with your question.

Analyst
Tore Svanberg

Yes. Thank you and congratulations on the continuous progress. First question is on XBAR for WiFi. I was just hoping for a little bit more of a detailed update, George. I don't know if there are any customer engagements or sort of an inflection points from an accounting coming perspective that you can share with us?

Executive
George B. Holmes

Well, hey, thanks, Tore. We've got a couple of things. Let me touch on there, and then I'll hand it over to Dylan to kind of give you an update on where we're at with the technology. I think where we are today is, with the expanding capabilities we have with the XBAR platform, it's really becoming clear that we've got a really competitive and differentiated offering here with bandwidth and -- with the bandwidth that we can deliver into these applications. And with that, we're getting lots of validation from the marketplace. And so what that really has enabled us to do is get out there and really be a little bit choosy on what the opportunities are that we want to engage on. And as we look at it today, I think we're still very confident in our ability to secure that next Tier 1 partner. But Dylan, why don't you give a quick update on where we're at with the technology.

Executive
Dylan J. Kelly

Yeah. Thanks, George. And as we've noted in the quarter, we've delivered on our -- the first samples of WiFi in June. And where we are is now building out multiple different samples that address the different regional needs, the 5 plus 6 gigahertz rollout. Another thing I'd say we determined is that, particularly, in the infrastructure side, the traditional solution of ceramics are not going to meet the requirements going forward for interference. It will definitely be an acoustic solution. And as George noted, as we're benchmarking against aluminum nitride BAW. We continued to see we have at least a two times factor benefit and bandwidth. It can hit the whole bandwidth with a single filter. We think we're the only solution in the market that can do that.

Executive
George B. Holmes

Yeah. I think, Tore, what this does, it just makes the XBAR solution that much more valuable. And that -- and therefore, creates lots of options for us.

Analyst
Tore Svanberg

Yeah. That's great. And also I had a question on XBAR and Murata. You talked about some sort of next milestones by the end of the year. Obviously, I'm not asking you to preannounce what those are, but maybe you could just update us on how that partnership is going? And if you're starting to work on perhaps some new designs?

Executive
George B. Holmes

Well, the -- I think -- and thank you for not asking for the specifics because, obviously, we don't want to dive in deep on that