George Holmes
- CEO at Resonant
GetLatka interview
How Resonant Reached $3M in Royalty Revenue Licensing Its RF Filter Designs (Interview with CEO George Holmes)
George Holmes (CEO of Resonant) spoke to Nathan Latka on June 9, 2021.
Resonant figures from the interview
- Royalty Revenue (2020)
- $3M
- Customer Device Sales Enabled (2020)
- $30M
- Quarterly Burn (2021)
- $6.5M to $7M
- Patents Filed and Issued (2021)
- 300+
“We did $3,000,000 in revenue last year, rough numbers, and that is royalty revenue. So we get paid on the shipment of products on a per unit royalty basis and we get about 10% royalty. So we enable about $30,000,000 worth of revenue last year.”
“We don't make anything, which is why that $3,000,000 that we made last year from a royalty perspective is so important. We have no below the line costs associated with the development of that revenue.”
“We noted on our last quarterly call, we believe that customer has the potential to generate over 100,000,000 annually for Resonant as they get to full volume on delivering filters into the 5G space. And that's one of seven tier one companies.”