Quarterly Report Card - Research Report on Resonant

NEW YORK, September 18, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Resonant Inc. (NASDAQ: RESN). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=RESN

Highlights from our RESN Report include:

• Second Quarter Results - On August 11, 2015, Resonant Inc. announced financial results for the second quarter and first half of 2015. The Company reported operating loss of $2.2 million in Q2 2015, compared to loss of $1.5 million reported in the Q2 2014. The increased loss primarily reflected increased Research and development (R&D) activities and General and administrative (G&A) expenses consistent with planned growth and being a public company. Moreover, net loss in Q2 2015 totaled to $2.1 million or loss of $0.31 per fully diluted share, against net loss of $2.2 million or loss of $0.69 per fully diluted share in Q2 2014. In addition, R&D expenses for Q2 2015 amounted to $1.1 million, compared with $1.0 million in previous year quarter, due to increased costs associated with increased headcount and a greater number of projects in development. Further, G&A expenses rose from $0.5 million in prior year quarter to $0.9 million in Q2 2015.

• Six Months Performance - For the first half of 2015, the Company reported net loss of $4.4 million, or loss of $0.63 per share, compared with a net loss of $6.1 million, or loss of $2.95 per share, for the H1 2014. R&D expenses of the Company were 2.1 million, higher than $1.4 million in prior year period. Further, G&A expenses increased to $2.1 million from $1.0 million in first half of 2014. For H1 2015, the Company posted operating loss of approximately $4.4 million, up from $2.5 million a year ago.

• Business Updates - During the second quarter of 2015, the Company published a white paper titled, "Radically Reducing the Cost and Size of Cellphone RF Filters to Fuel the Mobile Revolution," that for the first time publicly documented Resonant's advantages validated on large volumes of real parts. According to the Company, the paper explains how Resonant's Infinite Synthesized Networks™ (ISN™) technology can be used to design Surface Acoustic Wave (SAW) filters that equal or exceed the performance of more expensive Bulk Acoustic Wave (BAW) designs while also reducing the size.

• Management's Views - Commenting on second quarter performance, Chief Executive of Resonant, Terry Lingren, stated, "During the quarter, we made meaningful progress across our product portfolio. For our first design, not only are we proceeding with the qualification process and licensing agreement with our partnering filter manufacturer, but we also are in ongoing discussions with a number of other prospective customers."

To find out how this influences our rating on Resonant Inc. read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=RESN

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