Resonant doubled revenue in 2017 but net losses still grew

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Resonant doubled revenue in 2017 but net losses still grew

By Staff Report / Tuesday, February 27th, 2018 / Comments Off on Resonant doubled revenue in 2017 but net losses still grew

Resonant reported that its revenues doubled in 2017 to $653,000, but net losses still rose to $21.65 million. Fourth quarter revenue fell 8.5 percent to $171,000 compared to the same period in 2016 while operating expenses rose 34 percent, doubling net losses to $8.3 million. The Goleta-based mobile device filter designer said it now has…

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