Fri, Feb. 27, 9:34 AM
- Resonant (NASDAQ:RESN) CEO Terry Lingren in the company's Q4 report: "We have delivered a completed duplexer design for consideration to our first customer. Our design does not meet all the specifications in the development agreement, but we believe it delivers competitive performance ... Our customer's decision whether to use our design is complex and based on a number of considerations, many of which are beyond our control."
- Resonant has an RF duplexer design partnership with Skyworks (NASDAQ:SWKS), through which Skyworks has the option to license the design in exchange for royalties.
- Lingren adds Resonant is "evaluating several single band opportunities and are in active discussions with other potential customers," and expects to announce another filter design customer in 1H15. "We also see multiple opportunities to improve upon the design of traditional SAW filters, potentially augmenting our customers capacity-constrained engineering teams."
- In 2015, the company aims to begin generating revenue, double its technical staff to 20, and and finish its tunable filter prototype design.
- Resonant's Q4 operating expenses totaled $2.2M, up for $815K a year earlier - R&D spend totaled $921K, and G&A $1.19M. The company ended Q4 with $13.8M in cash/investments, down from $15.7M at the end of Q3. It believes its has "sufficient cash to support planned operations into early 2016, even assuming no revenues."
- Shares had rallied strongly in recent months. They're now back around where they traded in early January.
- Q4 results, PR
Thu, Feb. 26, 4:25 PM
Aug. 13, 2014, 5:24 PM
Jul. 18, 2014, 2:51 PM
- "We believe Skyworks’ (SWKS +13.5%) diverse analog portfolio is enabling content share gains in its handset customer base," writes Canaccord after taking in the RF component giant's FQ3 beat and very strong FQ4 guidance.
- Canaccord thinks the FQ4 outlook is due to a mixture of strong iPhone 6 content share, growing sales of higher dollar-content integrated solutions to Chinese/emerging markets OEMs (gaining Android share), and "growing traction" for the company's non-phone analog IC business.
- 802.11ac Wi-Fi, mobile infrastructure, and embedded products (the proverbial "Internet of Things") are some of the non-mobile RF markets Canaccord sees Skyworks growing its sales to. Needham, for its part, also sees the smart grid, automotive, and medical markets providing a boost.
- On the CC (transcript), CEO David Aldrich declared broader mobile RF demand is benefiting from the need to support a larger number of spectrum bands - Avago (AVGO +4.3%) also benefits from this - as well as growing system complexity (driving a shift towards integrated solutions) and OEM efforts to improve signal performance.
- RF component peers Avago, RF Micro (RFMD +6.7%), TriQuint (TQNT +6.8%), and Resonant (RESN +7%) are outperforming amid a tech rally, as are several other mobile suppliers. INVN +3.9%. HIMX +2.9%. OLED +5.3%. CRUS +2.9%.
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