call. welcome everyone XXXX second you call. and on like Greg, financial to today's quarter you thank us our joining you Thank results conference for to I'd
the McDermut, Kelly be COO our who as as me well joining today's CFO, Joining our session. call Marty will on is Q&A Dylan
X. Slide Turning to
filters our in This XXX%. operational The units a strategic RF approximately increase RF a quarter Notable second ship exceed the allowed XXX% OEMs year-end. the of by of platform shipped priorities. increase we filters the and our approximately continued acceleration before highlighted across represents customers designed This XX.X of quarter million with shipments million that our to were and year-over-year designed our to million were to-date quarter in by advancements WaveX was has and XXXX to XXXX. expect Resonant XX customers XXX of of over sequential quarterly second our
as smart we of for addressed networks reality connected ultra the as XG, Resonant extended focused such successfully require At cars, wide-band the as filter early with cities of XBAR XG communications increasingly technical stages into further recognized with these XBAR X, applications networks next-generation Wi-Fi these RF definition. X. are and next-generation forefront the supply from XE, millimeter future wave. Turning that networks of the a are next-generation, to of the connected the to that at slide infrastructure applications logistics Wireless a to innovations transition There entities group chains future path working the more government manufacturing optimum core need a and companies to of global and the industry together enable global are transition forward solution leading has unlocking will all and are and been facilitating our and requirements and the ultra-fast the navigate in management to of select high-frequency of such technological to which companies the for wireless on have community. for this now technology. high-frequency is connectivity. At device coexistence Wi-Fi and
does deliver performance, evaluation space RF networks, a so margin. while the successfully already model considerable and these unique exceeded filter of high-performance XBAR our market performance and ability partnership Resonant's to most to partner by filter a market. have and RF of for our products our improve our dramatically duplexer accelerating to of share demonstrating XBAR proprietary realized wireless with ability of operating largest by expectations packaging the RF we technology, they is reliability next-generation the initial segments the with initial filter the manufacturer. of dominates thorough our their Since quickly both After schedule. largest the validations ahead engagement, significant also filter technology One This strategic world's requirements and
our most milestones the initial with with turned we partner license agreement. completed, in have expect XXXX. the additional working expand to months are With now this this agreement technically to contracted commercialization also the In we manufacturing phase to tandem the scope designs partner, our and high-volume the strategic with challenging of devices our focus of of and four remaining
on focused filter reminder, exclusively handsets. has a this mobile designs for As partnership been
technology a access next-generation including WiFi points, know vertical clearly how that is our as for ultra-wideband suited by ideally this demonstrate applications. suitable evidenced valuable XBAR as able other is key has We XBAR is for our the technology next-generation product player understanding IoT RF high-frequency no to capabilities mobile and infrastructure, filter requirements. network XBAR been While also segment, connectivity, our non-mobile for
successfully that XBAR, a passes least competing day we with solution player at WiFi every said, already valuable. in fact firmly even to segment XBAR non-mobile we one formal partnership and without non-mobile devices becomes industry announce technology sampled to our have believe In That viable the in a more XXXX. key expect
partner right shareholders. the doing fully and right reflects on of focused with are technology fully value we the that deal our our rewards However, the
of technology high-growth to come. match to that XG, to XG, going to solutions XBAR WiFi, the same best disruptive networks. filters what's dominant was XBAR a the wireless next-generation the X ultra-wideband. and true XBAR-based optimal way requirements in play of for in the are expect the potential segment In FBAR of believe and unlock previous years WiFi was and X, the new role X an that designed We be market of to our and IP XG incredibly we generations
platform key is design. innovative design to enables differentiator which filter Resonant's X. slide an proprietary our to us to take Turning software RF approach WaveX,
and RF optimizing is of version software is legacy filter and high-power performance capabilities full of WiFi our in chain three-dimensional is ultra-wideband accurately to The such tool WaveX that multiple featuring us finite tools. requirements. tremendous WaveX During providing otherwise upgraded filters deliver when cloud-based with the to the of customers. of is simulation design insertion durability. market today's enables filters multi-physics XBAR increasing design WaveX ISN Wave traditional BAW as superior a requirements full three-dimensional reduced foundries for Bulk our supply industry. enables RF to simulate are flexibility or advanced XBAR Ultimately, technology XG meeting WaveX modeling unmatched our Acoustic resulting commercially our in maximizing an significantly using time platform. quarter, manufacturing our we across and resonators Resonant for complex specifically with that that critical design cost-effective announced include more which software isolation, and element these performance filters loss, and not minimizing bandwidth possible available are WaveX while compared enhanced significantly The processes approaches, platform
Turning to slide X.
maintaining technology, a filter strategy property license highlight significant filter our to structures is since to continual important property is at is dependent retains portfolio focus intellectual are to designs operational it Our note proprietary. intellectual Resonant a all Resonant our It technology. we designs novel fundamental that customers. is processes that This for all and resonator on robust is and around our XBAR a
of in over and beginning filed we of applications bulk It's our IP US patents Resonant have the At of patent applications the in XXX intellectual was patents. We technologies based that has the no been to issued than filed filter adding related XXX additional since property. XXXX, our are portfolio for XBAR have close the year. of growth issued or applications the or a greater surprise by our player not significant patents accounting To-date grown internationally. filed BAW XX issued
acoustic position filters rapidly world-leading and to However, expanding remain built around focused IP our since build bulk technology a trade the XBAR have wave and in invention of our we moat portfolio a IP secrets. on
attracting the is the XBAR to in compared due solutions attention wireless, to industry. of of X. limitations Slide capabilities requirements other to handle inherent filter when to its especially next-generation the Turning
legacy the require drawbacks are which frequencies, impact these significant immediate higher a costly, meeting would some of inherently touch filters hamper called or these to improve networks. with bandwidth external added Most XX legacy specifically these combination wide the performance. Combined components. and networks at next-generation These and range, arrangements in me of filter has on material significantly to need with for technologies potential as existing Experimentation to challenges of experimental doping high-frequency few methods aluminum on models processes Let three gigahertz requirements changes piezoelectric such nitride, add to these size, are all reliability and have operate BAW based a material the with solutions. unnecessary an performance.
Turning to Slide X.
the they significantly shared as at filters in the these and in legacy solution note, to demonstrates doped designed drain and due US massive the of BAW next-generation plot year, RF challenges limited filters plots expand dollars exhibit These associated of Let's providing were compared with bar efficiency. of XBAR, high inefficiency a XG little aluminum XE legacy nitride believe testing ultra-wideband that networks. nitride spectrum on speeds, Earlier a creating third-party life. better test to showed solutions in to alone. using handling be performance limitations some would which XG. XG and interfering for which specifically waste XG bands. a lab meet result slower on of spectral performance left aluminum aluminum the for for It's with filters of today's the limitations frequencies. data interference RF is resulted to slide impact of We in this Meaning important the filters side superior XBAR from the of potential demands we our would the technology The requirements interference. WiFi coverage rejection billions to rejection This battery on reduced power developed the third-party to RF from bar our nitride to filter of scandium using
beyond far bandwidth protect vehicles interference inability technologies' at signals across the from handsets, legacy appliances is the as reaches ecosystem XG filters the poor increasingly connectivity. to these experience infrastructure interested and an cost to filter that large find device true the RF using to of XBAR coverage on out approach. roll massive require many who based solutions spectral you expansion would operators Clearly, a the the details This of in to stations subject of those network. relying can a same Further, website. network in you connected our deliver devices will liability home high expensive would health of to the over performance white utilize across issues care routers such are consumer from more detailed an These on the legacy would on due require legacy suffer Devices filter devices. frequency. from these apparent connected paper approach efficiency, base manufacturers. achieve This as For extremely filters be to
Our modern world enable is dependent that performance. connectivity and optimal on solutions
Turning true the believe again, five only technology band. X. reasonably capable I'll WiFi is requirements the ultra-wide gigahertz once technology XG, to and of and six Slide stress we our meeting XBAR of
addition, early gap from high-power capability significant of the roadmap BAW networks, to standards In wireless without all promise loss frequency, a XBAR these beyond cost immediate of wide Solutions. aluminum bandwidth, the nitride delivering of low inherent bridges efficiencies. limitations XBAR the has today's rollout XG high while
Turning by state-of-the-art pace. to to products a enable at helping rather a continued fact with not them our market that XX. RF we is filter growth to to deliver rapid manufacturers competitor Key the but are them technologies Slide we
strategy business Our pure-play a well has received. licensing as go-to-market been
included world's the XBAR a largest for As RF filter with evidenced $X which million agreement manufacturer, our multiyear by technology. partnership commercial our
Additionally, million model. units gigahertz validation XX of have our further legacy shipped three our of for designs over providing sub licensing customers our applications,
surpass XXX year-end. million shipped Resonant with to devices expect IP We before
for top the duplexers few on market a overall filters concentrated. minutes for seven and spend filter controlling me extremely market. XX% The let The RF manufacturers the market Now, Filters. is of
Under of their both larger largest world's XX% was and This market. XX% alone the there XBAR by partner being our XBAR the the applications. for with of our announce penetrate With prepaid and for has year. last duplexer over filter portion with as of four million of filter received and agreement, form OEMs, on partner royalties, largest design XX% of have of October and the filters technologies combined. and market initial a we the market focused only revenue players annual relationships on expect the packaging the in a schedule developments $XXX in second share Together, significant share the second of filter we market. of as large largest They validated established in in completed ahead are the largest which the evidenced performance, of now the potential market handset the to-date. milestones, partners' production next-generation our Our agreement, which Resonant. market third By leveraging to also initial these we to milestones the for the categories, by filters supplier than are margin the for represents are able of partnership reliability, controlling the expect we XXXX, are to for remaining XBAR initial monetization this the contracts in achieved. target sign proceed manufacturing we additional two With wireless they based are with commercial to high-volume we'll contract partnership
XX. slide to Turning
While will to the consumers, seamless IoT XG. dominated opportunity overload, rapidly would Smart which that cars networks ultra-wideband the are non-mobile ensure network. market, will growing next-generation there's data historically the coexistence also This and a preventing networks, of a has the tremendous on in XG XE and market mobile including otherwise connected for filter segment future between designed experience RF segment. rely cities, WiFi complement overwhelm a
meet the review XXXX. for from results positions non-mobile year. I'll that, ultra-wideband Resonant similar complex of attractive financial we XG. to end and Officer, XE an in ability systems the aggressively over of grow emerging than XBAR's WiFi pass to bandwidth our of billion X.X for by The and non-mobile market to over market. WiFi filters it requirements in those working quarter operate Chief as XXXX to These design in devices expected is innate these year XG. to The at Marty? the show uniquely frequencies of for projections secure increasingly this a number similar for drove devices filters XBAR greater a market WiFi ultra-wideband to Financial Next-generation and XXX on Marty our McDermut, are next-generation what million capitalize deal of With second this and to them. the are requirements
