Resonant partners with Murata to raise $10 million

You are here: Home > Latest news > Current Article

Resonant reports falling revenue as it partners with Murata to raise $10M

By Staff Report / Tuesday, August 6th, 2019 / Comments Off on Resonant reports falling revenue as it partners with Murata to raise $10M

Updated at 3:30 p.m. Aug. 6: Revenue for Goleta electronic component designer Resonant fell by nearly half in the second quarter, the company reported Aug. 6, as net losses mounted to $7.56 million. An agreement announced earlier that day would provide more working capital for the company through a $10 million equity investment from the…

This article is only available to Business Times subscribers

Subscribers: LOG IN or REGISTER for complete digital access.
Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
Check the STATUS of your Subscription Account.