Summit Wireless Technologies
Market Cap
US$19.0m
Last Updated
2019/09/16 00:32 UTC
Data Sources
Company Financials +
Executive Summary
Summit Wireless Technologies, Inc. develops wireless audio integrated circuits for home entertainment and professional audio markets in the United States, Europe, and the Asia Pacific.
Snowflake
Fundamentals
Adequate balance sheet with limited growth.
Risks
- Summit Wireless Technologies has significant price volatility in the past 3 months.
- Summit Wireless Technologies is covered by less than 3 analysts.
Similar Companies
Share Price & News
How has Summit Wireless Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-2.1%
NasdaqCM:WISA
2.0%
US Semiconductor
1.3%
US Market
1 Year Return
-77.1%
NasdaqCM:WISA
11.1%
US Semiconductor
2.0%
US Market
WISA underperformed the Semiconductor industry which returned 10.9% over the past year.
WISA underperformed the Market in United States of America which returned 1.7% over the past year.
Share holder returns
| WISA | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | 2.0% | 1.3% |
| 30 Day | -13.8% | 8.4% | 3.9% |
| 90 Day | -23.6% | 16.8% | 3.4% |
| 1 Year | -77.1%-77.1% | 13.2%11.1% | 4.2%2.0% |
| 3 Year | n/a | 84.0%73.2% | 47.2%37.6% |
| 5 Year | n/a | 123.1%100.5% | 60.5%42.9% |
Price Volatility Vs. Market
How volatile is Summit Wireless Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Investors Who Bought Summit Wireless Technologies (NASDAQ:WISA) Shares A Year Ago Are Now Down 79%1 month ago | Simply Wall St
What Kind Of Investor Owns Most Of Summit Wireless Technologies, Inc. (NASDAQ:WISA)?6 months ago | Simply Wall St
How Much Of Summit Wireless Technologies, Inc. (NASDAQ:WISA) Do Insiders Own?Valuation
Is Summit Wireless Technologies undervalued based on future cash flows and its price relative to the stock market?
5.33x
Price to Book (PB) ratio
Intrinsic Value Based on Future Cash Flows
Unable to calculate intrinsic value for Summit Wireless Technologies to establish if it is available at moderate discount.
Unable to calculate intrinsic value for Summit Wireless Technologies to establish if it is available at substantial discount.
Price Based on Earnings
Summit Wireless Technologies is loss making, we can't compare its value to the US Semiconductor industry average.
Summit Wireless Technologies is loss making, we can't compare the value of its earnings to the United States of America market.
Price Based on Expected Growth
Unable to calculate PEG ratio for Summit Wireless Technologies, we can't assess if its growth is good value.
Price Based on Value of Assets
Summit Wireless Technologies is overvalued based on assets compared to the US Semiconductor industry average.
Next Steps
Future Growth
How is Summit Wireless Technologies expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
82.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Summit Wireless Technologies's revenue is expected to grow significantly at over 20% yearly.
Summit Wireless Technologies is not considered high growth as it is expected to be loss making for the next 1-3 years.
Summit Wireless Technologies's revenue growth is expected to exceed the United States of America market average.
Unable to compare Summit Wireless Technologies's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
Unable to compare Summit Wireless Technologies's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Summit Wireless Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has Summit Wireless Technologies performed over the past 5 years?
-46.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Summit Wireless Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
Unable to compare Summit Wireless Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
Unable to compare Summit Wireless Technologies's 1-year growth to the US Semiconductor industry average as it is not currently profitable.
Return on Equity
It is difficult to establish if Summit Wireless Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
Return on Assets
It is difficult to establish if Summit Wireless Technologies has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.
Return on Capital Employed
It is difficult to establish if Summit Wireless Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Next Steps
Financial Health
How is Summit Wireless Technologies's financial position?
Financial Position Analysis
Summit Wireless Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Summit Wireless Technologies's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Summit Wireless Technologies has no debt.
Summit Wireless Technologies currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Balance Sheet
High level of physical assets or inventory.
Summit Wireless Technologies has no debt, it does not need to be covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Summit Wireless Technologies has less than a year of cash runway based on current free cash flow.
Summit Wireless Technologies has less than a year of cash runway if free cash flow continues to grow at historical rates of 20.6% each year.
Next Steps
Dividend
What is Summit Wireless Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield and Payments Analysis
Unable to evaluate Summit Wireless Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Summit Wireless Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Unable to perform a dividend volatility check as Summit Wireless Technologies has not reported any payouts.
Unable to verify if Summit Wireless Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to Shareholders
Unable to calculate sustainability of dividends as Summit Wireless Technologies has not reported any payouts.
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Summit Wireless Technologies's salary, the management and board of directors tenure and is there insider trading?
9.1yrs
Average management tenure
CEO
Brett Moyer (61yo)
9.1yrs
Tenure
US$743,094
Compensation
Mr. Brett A. Moyer has been Independent Director of DionyMed Brands Inc. since November 27, 2018. Mr. Moyer serves as the President, Chief Executive Officer and Chairman of the Board at Summit Semiconducto ...
CEO Compensation Analysis
Brett's remuneration is higher than average for companies of similar size in United States of America.
Brett's compensation has increased whilst company is loss making.
Management Age and Tenure
9.1yrs
Average Tenure
The average tenure for the Summit Wireless Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
4.3yrs
Average Tenure
52.5yo
Average Age
The tenure for the Summit Wireless Technologies board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Gary Williams (52yo)
CFO, VP of Finance & Secretary
- Tenure: 9.1yrs
- Compensation: US$585.33k
Brett Moyer (61yo)
President
- Tenure: 9.1yrs
- Compensation: US$743.09k
Ed Green
Vice President of Operations
- Tenure: 10.7yrs
Scott Taylor
Vice President of Marketing
- Tenure: 0yrs
Tony Ostrom
President WiSA
- Tenure: 0yrs
James Cheng
Vice President of Worldwide Sales
- Tenure: 0yrs
Board Members
Brett Moyer (61yo)
President
- Tenure: 9.1yrs
- Compensation: US$743.09k
Sam Runco (70yo)
Director
- Tenure: 9.1yrs
- Compensation: US$37.50k
Jeff Gilbert (47yo)
Director
- Tenure: 4.4yrs
- Compensation: US$37.50k
Lisa Cummins Dulchinos (49yo)
Director
- Tenure: 0.3yrs
Michael Howse (56yo)
Director
- Tenure: 1.4yrs
Jonathan Gazdak (46yo)
Director
- Tenure: 4.3yrs
- Compensation: US$37.50k
Helge Kristensen (58yo)
Director
- Tenure: 9.1yrs
- Compensation: US$37.50k
Brian Herr (42yo)
Director
- Tenure: 1.6yrs
Company Information
Summit Wireless Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Summit Wireless Technologies, Inc.
- Ticker: WISA
- Exchange: NasdaqCM
- Founded: 2010
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$19.006m
- Shares outstanding: 20.22m
- Website: https://www.summitwireless.com
Number of Employees
Location
- Summit Wireless Technologies, Inc.
- 6840 Via Del Oro
- Suite 280
- San Jose
- California
- 95119
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WISA | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Jul 2018 |
| SUE | BST (Boerse-Stuttgart) | Yes | Common Stock | DE | EUR | Jul 2018 |
Biography
Summit Wireless Technologies, Inc. develops wireless audio integrated circuits for home entertainment and professional audio markets in the United States, Europe, and the Asia Pacific. It offers TX modules ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/16 00:32 |
| End of Day Share Price | 2019/09/13 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.