Resonant, Inc (RESN)

[Theo]

Resonant Inc. (RESN) Reports Q2 Loss, Tops Revenue Estimates

"Resonant Inc. (RESN) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -9.09%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.12, delivering a surprise of -9.09%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Resonant Inc.Which belongs to the Zacks Semiconductors - Radio Frequency industry, posted revenues of $0.61 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 2.33%. This compares to year-ago revenues of $0.6 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Resonant Inc. Shares have added about 12.5% since the beginning of the year versus the S&P 500's gain of 18.1%."