Resonant Customers Ship Record 8.6 Million RF Filters Leveraging ISN Design Technology in First Quarter of 2021; Representing Year Over Year Growth of 437% - Seite 2

“During the quarter we continued to strengthen our intellectual property portfolio, bringing our total patent count to over 320. We have focused primarily on our XBAR technology, to strategically position Resonant as a leader in the much-anticipated performance of next-generation networks such as 5G, Wi-Fi and Ultra-wideband (UWB), as well as the unique applications that they enable when used in conjunction with Resonant’s high-performance RF filters.”

“Our financial results for the quarter are in line with previously issued guidance. We continue to expect non-linear revenue amounts from quarter to quarter as a result of revenue recognition for our prepaid royalty deals. Looking ahead, we anticipate the ongoing acceleration of unit shipment volumes with our existing customers, as well as additional prepaid royalty agreements. Notably, we are expanding our partner search for non-mobile applications and began sampling XBAR Wi-Fi devices to non-mobile customers in the first quarter of 2021. We look forward to sharing our full first quarter results with our shareholders in May,” concluded Holmes.

About Resonant Inc.

Resonant (NASDAQ: RESN) is transforming the market for RF front-ends (RFFE) by disrupting the RFFE supply chain through the delivery of solutions that leverage our Infinite Synthesized Network (ISN) design platform, capitalize on the breadth of our IP portfolio, and are delivered through our services offerings. In a market that is critically constrained by limited designers, tools and capacity, Resonant addresses these critical problems by providing customers with ever increasing design efficiency, reduced time to market and lower unit costs. Customers leverage Resonant’s disruptive capabilities to design cutting edge filters and modules, while capitalizing on the added stability of a diverse supply chain through Resonant’s fabless ecosystem-the first of its kind. Working with Resonant, customers enhance the connectivity of current mobile devices, while preparing for the demands of emerging 5G applications.

To learn more about Resonant, view the series of videos published on its website that explain Resonant's technologies and market positioning:

• Resonant Corporate Video
• ISN Design Technology and XBAR: Speeding the Transition to 5G
• Expert Insights on Unlocking the Potential of 5G
• The Technology Enabling the Transition to 5G

For more information, please visit www.resonant.com.