Corporate Update Call February 8, 2017

Transcription

1 Corporate Update Call February 8, 2017

2 Safe Harbor Statement This document contains forward-looking statements. The words believe, may, will, potentially, estimate, continue, anticipate, intend, could, would, project, plan, expect and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. Forward-looking statements may address the following subjects among others: the status of filter designs under development, the prospects for licensing filter designs upon completion of development, plans for other filter designs not currently in development, potential customers for our designs, the timing and amount of future royalty streams, the expected duration of our capital resources, our hiring plans, the impact of our designs on the mobile device market, and our business strategy. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: our limited operating history (particularly as a new public company); our ability to complete designs that meet customer specifications; the ability of our customers (or their manufacturers) to fabricate our designs in commercial quantities; our dependence on a small number of customers; the ability of our designs to significantly lower costs as compared to other designs and solutions; the risk that the intense competition and rapid technological change in our industry renders our designs less useful or obsolete; our ability to find, recruit and retain the highly skilled personnel required for our design process in sufficient numbers to support our growth; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions Risk Factors and Management s Discussion and Analysis of Financial Condition and Results of Operations in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forwardlooking statements are made as of the date of this document, and we expressly disclaim any obligation or undertaking to update forward-looking statements. We may refer to information regarding potential markets for products and other industry data. We believe that all such information has been obtained from reliable sources that are customarily relied upon by companies in our industry. However, we have not independently verified any such information NASDAQ RESN

3 Resonant Announces First Customer Pre-Production Shipments Milestone Represents the next step towards commercial acceptance of designs that utilize the ISN platform, as well as the potential to transition into a product-focused licensor with recurring royalty revenue Pre-production quantities (over one million units) of the initial three bands under contract with second customer to license designs, shipped to four separate handset Original Equipment Manufacturers Highlights the capabilities of our tools, technology and team, as well as our ability to concurrently deliver numerous designs to our customers, which we believe enables them to deliver pre-production parts as a precursor to converting ISN Ready designs into production within 9-12 months of signing a license agreement NASDAQ: RESN 3

4 Customer Engagement Timeline 1. Paper evaluation of capabilities and evaluation of specific simulations of specific designs We expect to receive licensing revenue for ISN Ready designs 9 12 months after executing a licensing agreement with a customer 2. Negotiation of a Joint Development Agreement (JDA) 3. Specs are finalized, prototype parts are designed, fabricated and evaluated against the simulation 4. Licensing agreement is negotiated and signed 5. Final parts are fabricated and sampled to customers for final qualification 6. Design wins are confirmed by customer shipments to OEM s and royalty payments begin NASDAQ: RESN 4

5 Representative Market Segmentation for Resonant Filter Manufacturer R E S O N A N T Murata Taiyo-Yuden Wisol TDK/Epcos SAWNICS SAW Foundry NJRC SAWNICS WINSemi NDK Shoulder TSMC Tower Module Manufacturer Avago Skyworks Qorvo Murata New Module Manufacturer Semco Huawei/HiSilicon RDA Airoha LG/Innotek TX RX Handset OEM Apple Samsung Huawei TCL LG Xiaomi Lenovo HTC ZTE Carriers Verizon AT&T T-Mobile Sprint Docomo SK Telecom Softbank China Mobile KDDI MediaTek Intel Spreadtrum Qualcomm Samsung HiSilicon NASDAQ: RESN 5

6 Fundamental Investment Premise: Design Tools + Intellectual Property + People = Faster Filter Designs More Cost Effective Higher Performance NASDAQ RESN 6

7 Enabled Margin Volume for Resonant Designs 90% 80% 70% 60% M ENABLED A R G I N MARGIN 50% 40% 30% 20% 10% 0% Strategic: Fabless / Foundry Model High Growth High Margin - 50% 100% 150% Millions A N N U A L V O L U M E Strategic: High Growth New Process TCSAW [ Assumption : Margin of 20% mobile filter industry standard ] High Volume High Margin Stable Growth NASDAQ: RESN 7

8 Q&A NASDAQ RESN