NasdaqCM:RESN

Stock Analysis Report

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Executive Summary

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 the United States and internationally. More Details


Snowflake Analysis

Adequate 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.


Market Performance


7 Day Return

37.3%

RESN

2.0%

US Communications

0.6%

US Market


1 Year Return

115.7%

RESN

-2.4%

US Communications

21.0%

US Market

Return vs Industry: RESN exceeded the US Communications industry which returned -1.1% over the past year.

Return vs Market: RESN exceeded the US Market which returned 22% over the past year.


Shareholder returns

RESNIndustryMarket
7 Day37.3%2.0%0.6%
30 Day144.1%4.2%4.2%
90 Day121.0%16.9%12.4%
1 Year115.7%115.7%0.4%-2.4%23.7%21.0%
3 Year-23.3%-23.3%17.1%8.8%47.4%37.6%
5 Year145.2%145.2%105.2%81.7%131.6%105.9%

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

Valuation

Is Resonant undervalued compared to its fair value and its price relative to the market?

14.87x

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 (14.9x) compared to the US Communications industry average (2.2x).


Next Steps

Future Growth

How is Resonant forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

19.2%

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 (113.6% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: RESN's revenue (113.6% 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


Next Steps

Past Performance

How has Resonant performed over the past 5 years?

-22.3%

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 22.3% 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 (-0.1%).


Return on Equity

High ROE: RESN has a negative Return on Equity (-151.07%), as it is currently unprofitable.


Next Steps

Financial Health

How is Resonant's financial position?


Financial Position Analysis

Short Term Liabilities: RESN's short term assets ($21.1M) exceed its short term liabilities ($6.4M).

Long Term Liabilities: RESN's short term assets ($21.1M) exceed its long term liabilities ($2.2M).


Debt to Equity History and Analysis

Debt Level: RESN is debt free.

Reducing Debt: RESN had no debt 5 years ago.


Balance Sheet


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 less than a year of cash runway if free cash flow continues to reduce at historical rates of 22.8% each year


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

George Holmes (57 yo)

4yrs

Tenure

US$2,141,860

Compensation

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 ($USD2.14M) is above average for companies of similar size in the US market ($USD1.02M).

Compensation vs Earnings: George's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
George Holmes
Chairman & CEO4yrsUS$2.14m0.79%
$ 2.3m
Martin McDermut
CFO & Secretary2.17yrsUS$460.64k0.31%
$ 902.0k
Dylan Kelly
Chief Operating Officer1.08yrsUS$936.01k0.15%
$ 422.2k
Neal Fenzi
Co-Founder & CTOno dataUS$487.55k0.99%
$ 2.9m
Marybeth Carberry
Executive Vice President of Business Operations0.83yrno data0.13%
$ 391.4k
Michael Eddy
Vice President of Corporate Business Development & Marketing3.83yrsno datano data

2.2yrs

Average Tenure

57yo

Average Age

Experienced Management: RESN's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
George Holmes
Chairman & CEO4yrsUS$2.14m0.79%
$ 2.3m
Jean Rankin
Independent Director3.5yrsUS$134.71k0.087%
$ 252.7k
Jack Jacobs
Independent Director2.58yrsUS$130.00k0.070%
$ 202.6k
Alan Howe
Independent Director2.58yrsUS$129.16k0.070%
$ 202.6k
Michael Fox
Lead Independent Director1.58yrsUS$184.96k0.16%
$ 461.3k
Clint Brown
Member of Advisory Board0.92yrno datano data
Joshua Jacobs
Member of Advisory Board & Independent Director0.92yrUS$130.00k0.076%
$ 221.4k
Brian Crutcher
Member of Advisory Board0.92yrno datano data
Jeffrey Ball
Member of Advisory Board0.92yrno datano data
Luis Pineda
Member of Advisory Board0.92yrno datano data
Robert Tirva
Independent Director2.25yrsUS$135.54k0.070%
$ 202.6k
Ruben Caballero
Member of Advisory Board & Director1.42yrsUS$214.24k0.18%
$ 524.1k

1.5yrs

Average Tenure

54yo

Average Age

Experienced Board: RESN's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 66.5%.


Top Shareholders

Company Information

Resonant Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Resonant Inc.
  • Ticker: RESN
  • Exchange: NasdaqCM
  • Founded: 2012
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$290.926m
  • Shares outstanding: 54.18m
  • Website: https://www.resonant.com

Number of Employees


Location

  • Resonant Inc.
  • 175 Cremona Drive
  • Suite 200
  • Goleta
  • California
  • 93117
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RESNNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 2014
2EKDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2014

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 00:10
End of Day Share Price2021/01/14 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.