Resonant's losses grow but stock offering brought in $21 million

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Resonant’s losses grow but stock offering brought in $21 million

By Staff Report / Thursday, May 10th, 2018 / Comments Off on Resonant’s losses grow but stock offering brought in $21 million

Goleta-based mobile device filter designer Resonant’s first quarter revenues held steady at $157,000, including record royalty revenue, but net losses increased 16.8 percent to $5.7 million compared to the previous first quarter. The company completed a public stock offering during the quarter, bringing in net proceeds of $21.2 million, and expanded the size of its…

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