Resonant Inc., a late-stage development company, designs and develops filters for radio frequency (RF) and front-ends used in the mobile device, automotive, medical, internet-of-things, and related industries in Japan, China, and internationally. More Details
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Excellent balance sheet with limited growth.
Share Price & News
How has Resonant's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RESN is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: RESN's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.
7 Day Return
1 Year Return
Return vs Industry: RESN underperformed the US Communications industry which returned 23.5% over the past year.
Return vs Market: RESN underperformed the US Market which returned 50.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Resonant's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StWhat Type Of Shareholders Own The Most Number of Resonant Inc. (NASDAQ:RESN) Shares?
3 months ago | Simply Wall StIs Resonant (NASDAQ:RESN) In A Good Position To Deliver On Growth Plans?
4 months ago | Simply Wall StReflecting on Resonant's (NASDAQ:RESN) Share Price Returns Over The Last Three Years
Is Resonant undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate RESN's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate RESN's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: RESN is unprofitable, so we can't compare its PE Ratio to the US Communications industry average.
PE vs Market: RESN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RESN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RESN is overvalued based on its PB Ratio (7.4x) compared to the US Communications industry average (2.4x).
How is Resonant forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RESN is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: RESN is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: RESN is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: RESN's revenue (92.3% per year) is forecast to grow faster than the US market (9% per year).
High Growth Revenue: RESN's revenue (92.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if RESN's Return on Equity is forecast to be high in 3 years time
How has Resonant performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RESN is currently unprofitable.
Growing Profit Margin: RESN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RESN is unprofitable, and losses have increased over the past 5 years at a rate of 17.8% per year.
Accelerating Growth: Unable to compare RESN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RESN is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (66.4%).
Return on Equity
High ROE: RESN has a negative Return on Equity (-131.4%), as it is currently unprofitable.
How is Resonant's financial position?
Financial Position Analysis
Short Term Liabilities: RESN's short term assets ($22.4M) exceed its short term liabilities ($5.4M).
Long Term Liabilities: RESN's short term assets ($22.4M) exceed its long term liabilities ($1.7M).
Debt to Equity History and Analysis
Debt Level: RESN is debt free.
Reducing Debt: RESN has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RESN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RESN has sufficient cash runway for 2.8 years if free cash flow continues to reduce at historical rates of 19.8% each year.
What is Resonant current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RESN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RESN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RESN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RESN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RESN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
George Holmes (57 yo)
Mr. George B. Holmes has been the Chief Executive Officer of Resonant Inc. since January 10, 2017 and also serves as its Chairman of the Board since June 11, 2019. Mr. Holmes has been Chief Commercial Offi...
CEO Compensation Analysis
Compensation vs Market: George's total compensation ($USD882.96K) is about average for companies of similar size in the US market ($USD1.06M).
Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.
Experienced Management: RESN's management team is considered experienced (2.5 years average tenure).
Experienced Board: RESN's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.5%.
Resonant Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Resonant Inc.
- Ticker: RESN
- Exchange: NasdaqCM
- Founded: 2012
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$164.351m
- Shares outstanding: 60.42m
- Website: https://www.resonant.com
Number of Employees
- Resonant Inc.
- Office 02-130
- 10900 Stonelake Boulevard
- United States
Resonant Inc., a late-stage development company, designs and develops filters for radio frequency (RF) and front-ends used in the mobile device, automotive, medical, internet-of-things, and related industr...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/15 23:49|
|End of Day Share Price||2021/05/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.