Company Quick10K Filing
Summit Wireless
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 20 $23
10-Q 2019-11-14 Quarter: 2019-09-30
10-Q 2019-08-14 Quarter: 2019-06-30
S-1 2019-04-19 Public Filing
10-Q 2019-05-15 Quarter: 2019-03-31
10-K 2019-03-29 Annual: 2018-12-31
10-Q 2018-11-15 Quarter: 2018-09-30
10-Q 2018-09-14 Quarter: 2018-06-30
S-1 2018-04-13 Public Filing
8-K 2020-02-06 Officers, Exhibits
8-K 2019-12-19 Shareholder Vote
8-K 2019-11-18
8-K 2019-11-13 Earnings, Other Events, Exhibits
8-K 2019-10-02 Enter Agreement, Shareholder Rights
8-K 2019-09-09 Officers, Exhibits
8-K 2019-08-16 Other Events
8-K 2019-08-14 Earnings, Other Events, Exhibits
8-K 2019-08-07 Other Events, Exhibits
8-K 2019-06-19 Officers, Exhibits
8-K 2019-05-24 Other Events
8-K 2019-05-22 Other Events, Exhibits
8-K 2019-05-15 Other Events, Exhibits
8-K 2019-03-27 Other Events, Exhibits
8-K 2019-03-19 Other Events, Exhibits
8-K 2018-11-20 Earnings, Regulation FD, Exhibits
8-K 2018-09-11 Amend Bylaw, Exhibits
8-K 2018-07-26 Other Events, Exhibits

Summit Wireless Financials

WISA Metrics, Comps, Filings

Annual | Quarterly

Business

We believe that the future of audio technology is in wireless devices and that Summit is well positioned to deliver best-in-class immersive wireless sound technology for intelligent devices and next generation home entertainment systems. According to a report by Markets and MarketsTM research firm, the wireless audio market is projected to be $31.80 billion by 2023, making it one of the fastest growing consumer segments. We currently sell modules which wirelessly transmit and receive audio directly to speakers, and which are also fully certified and compatible with the Wireless Speaker and Audio (“WiSA”) Association's current Compliance Test Specification, which tests the interoperability of products that offer wireless, interference free, uncompressed High-Definition audio. Additionally, we plan to license our proprietary software technology, currently embedded in our wireless modules, to other companies who can then embed our technology into other Wi-Fi enabled smart devices. The segment of the wireless audio market that Summit focuses on is comprised of scalable multichannel solutions with levels of latency that are low enough to synchronize with video. The term multichannel refers to the use of multiple audio tracks to reconstruct a sound field using multiple speakers.

As part of the effort to grow the wireless multichannel home audio segment, Summit was a founding member of the WiSA Association, an association dedicated to providing industry leadership and consumer choice through interoperability testing between brands. There are currently over 45 brands participating in the WiSA Association. Products certified and marked with a WiSA Association logo have been tested to interoperate. This preserves consumer choice by enabling consumers to choose different wireless transmitting products across different brands where audio is decoded with speakers that have the WiSA Association logo displayed. Our marketing strategy focuses on, what we believe, are two emerging wireless audio market needs: better audio quality and lower signal latency. Summit currently sells custom semiconductor chips and wireless modules to a growing list of consumer electronics customers, including major brands in the consumer electronic industry. We believe that a growing adoption of our technology by leaders in this industry will revolutionize the way people experience media content through their mobile devices, televisions (“TVs”), game consoles and personal computers (“PCs”).

Our primary business focus is to enable mainstream consumers and audio enthusiasts to experience high quality audio. We intend to continue selling our semiconductors and wireless modules to consumer electronics companies while also increasing our focus on implementing a software licensing business segment.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Everspin Technologies (MRAM) 121,088 46% -7.9 -45% 37,476 18,829 42,471 19,646 -17,035 -14,584 115,434
Kopin (KOPN) 92,721 5% -2.3 -63% 58,358 16,384 27,520 1,439 -36,650 -35,247 80,586
Emcore (EMKR) 87,430 22% -3.3 -21% 126,656 36,049 88,206 19,749 -26,895 -20,230 66,769
Atomera (ATOM) 86,053 81% -4.9 -70% 19,801 1,344 291 236 -13,802 -13,764 66,935
Sequans Communications (SQNS) 76,733 0% 62,574 0 0 0 0 76,733
QuickLogic (QUIK) 69,673 53% -2.9 -36% 40,131 20,269 12,024 6,416 -14,435 -14,355 41,522
Resonant (RESN) 64,309 0% -2.0 -154% 18,057 5,901 440 0 -27,783 -26,831 53,809
Supercom (SPCB) 58,936 0% 54,198 21,491 0 0 0 0 57,899
Intermolecular (IMI) 57,720 72% -7.2 -24% 45,278 17,495 25,452 18,425 -10,879 -7,731 55,560
Emagin (EMAN) 24,586 15% -5.2 -22% 28,661 10,867 23,775 3,469 -6,172 -4,186 21,781
LightPath Technologies (LPTH) 24,265 37% 14.9 -6% 45,973 12,514 33,749 12,519 -2,680 1,689 25,242
Summit Wireless (WISA) 23,476 1% -0.8 -649% 6,157 2,204 1,529 12 -39,980 -25,745 20,154
Rubicon Technology (RBCN) 22,336 15% 38.2 0% 34,939 1,561 2,667 404 73 328 12,530
On Track Innovations (OTIV) 17,356 62% -17.7 -10% 22,419 12,744 14,423 8,896 -2,294 -774 13,703
SemiLEDS (LEDS) 11,305 -1% -5.6 -34% 11,184 8,574 6,297 -82 -3,811 -2,752 15,482
Mosys (MOSY) 7,782 62% -0.1 -106% 11,497 4,318 14,380 8,886 -12,165 -11,520 1,410
Canaan (CAN)
SPI Energy (SPI)
Ameri Holdings (AMRH)
ASE Technology Holding (ASX) 0% 534,061,927 315,034,005 0 0 0 0 -0

Balance Sheet ($'000)2018-12-31
Cash3,218
Accounts Receivable112
Inventory1,383
PP&E110
Assets5,406
Accounts Payable532
Long-Term Debt
Liabilities1,588
Stockholders' Equity3,818
Income Statement ($'000)2018-12-31
Revenue1,374
Cost of Revenue1,612
Gross Profit-238
R&D4,873
SG&A6,460
Tax8
Net Income-67,356
Cash Flow ($'000)2018-12-31
Cash Operating-9,952
Cash Investing-87
Cash Financing13,010