Summit Wireless Technologies
Market Cap
US$11.1m
Last Updated
2020/01/24 01:47 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.
Rewards
Risk Analysis
Shareholders have been substantially diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
Snowflake Analysis
Adequate balance sheet with limited growth.
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
Stable Share Price: WISA's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-9.1%
WISA
2.8%
US Semiconductor
-0.09%
US Market
1 Year Return
-83.9%
WISA
46.9%
US Semiconductor
23.9%
US Market
Return vs Industry: WISA underperformed the US Semiconductor industry which returned 48.5% over the past year.
Return vs Market: WISA underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| WISA | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.1% | 2.8% | -0.09% |
| 30 Day | -25.6% | 4.9% | 3.1% |
| 90 Day | -51.3% | 17.0% | 10.4% |
| 1 Year | -83.9%-83.9% | 49.8%46.9% | 26.6%23.9% |
| 3 Year | n/a | 94.9%84.1% | 50.9%41.2% |
| 5 Year | n/a | 167.7%141.8% | 78.1%58.5% |
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
1 month ago | Simply Wall St
The Summit Wireless Technologies (NASDAQ:WISA) Share Price Is Down 84% So Some Shareholders Are Rather Upset4 months ago | Simply Wall St
Investors Who Bought Summit Wireless Technologies (NASDAQ:WISA) Shares A Year Ago Are Now Down 79%6 months ago | Simply Wall St
What Kind Of Investor Owns Most Of Summit Wireless Technologies, Inc. (NASDAQ:WISA)?Valuation
Is Summit Wireless Technologies undervalued compared to its fair value and its price relative to the market?
10.15x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate WISA's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate WISA's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: WISA is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.
PE vs Market: WISA is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WISA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WISA is overvalued based on its PB Ratio (12.5x) compared to the US Semiconductor industry average (3.3x).
Next Steps
Future Growth
How is Summit Wireless Technologies forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
0.008%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WISA is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: WISA is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: WISA is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: WISA's revenue (98.9% per year) is forecast to grow faster than the US market (7.5% per year).
High Growth Revenue: WISA's revenue (98.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if WISA's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Summit Wireless Technologies performed over the past 5 years?
-32.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WISA is currently unprofitable.
Growing Profit Margin: WISA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: WISA is unprofitable, and losses have increased over the past 5 years at a rate of -32.2% per year.
Accelerating Growth: Unable to compare WISA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WISA is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-15.8%).
Return on Equity
High ROE: WISA has a negative Return on Equity (-771.82%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Summit Wireless Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: WISA's short term assets ($3.3M) exceed its short term liabilities ($1.7M).
Long Term Liabilities: WISA's short term assets ($3.3M) exceed its long term liabilities ($408.0K).
Debt to Equity History and Analysis
Debt Level: WISA is debt free.
Reducing Debt: WISA had no debt 5 years ago.
Balance Sheet
Inventory Level: WISA has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if WISA's debt is 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.
Stable Cash Runway: WISA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WISA has less than a year of cash runway if free cash flow continues to reduce at historical rates of -18.2% each year
Next Steps
Dividend
What is Summit Wireless Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate WISA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate WISA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WISA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WISA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WISA's dividend in 3 years as they are not forecast to pay a notable one for the US market.
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?
0.3yrs
Average management tenure
CEO
Brett Moyer (61yo)
9.4yrs
Tenure
US$743,094
Compensation
Mr. Brett A. Moyer had been Independent Director of DionyMed Brands Inc. since November 27, 2018 until November 2019. Mr. Moyer serves as the President, Chief Executive Officer and Chairman of the Board at ...
CEO Compensation Analysis
Compensation vs Market: Brett's total compensation ($USD743.09K) is above average for companies of similar size in the US market ($USD519.76K).
Compensation vs Earnings: Brett's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
0.3yrs
Average Tenure
57.5yo
Average Age
Experienced Management: WISA's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Board Age and Tenure
4.6yrs
Average Tenure
53yo
Average Age
Experienced Board: WISA's board of directors are considered experienced (4.6 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 465.3%.
Management Team
Gary Williams (52yo)
Chief Accounting Officer & VP of Finance
- Tenure: 0.3yrs
- Compensation: US$585.33k
Brett Moyer (61yo)
Chairman
- Tenure: 9.4yrs
- Compensation: US$743.09k
George Oliva (58yo)
Chief Financial Officer
- Tenure: 0.3yrs
Michael Howse (57yo)
Chief Strategy Officer & Director
- Tenure: 1.8yrs
Ed Green
Vice President of Operations
- Tenure: 11yrs
Tony Ostrom
President WiSA
James Cheng
Vice President of Worldwide Sales
Board Members
Brett Moyer (61yo)
Chairman
- Tenure: 9.4yrs
- Compensation: US$743.09k
Sam Runco (70yo)
Independent Director
- Tenure: 9.4yrs
- Compensation: US$37.50k
Jeff Gilbert (48yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$37.50k
Lisa Cummins Dulchinos (49yo)
Independent Director
- Tenure: 0.6yrs
Michael Howse (57yo)
Chief Strategy Officer & Director
- Tenure: 1.8yrs
Jonathan Gazdak (47yo)
Director
- Tenure: 4.6yrs
- Compensation: US$37.50k
Helge Kristensen (59yo)
Independent Director
- Tenure: 9.4yrs
- Compensation: US$37.50k
Brian Herr (43yo)
Independent Director
- Tenure: 1.9yrs
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$11.125m
- Shares outstanding: 24.72m
- 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 for integration into televisions, audio-visual receivers, media hubs, and small USB dongles; and speaker systems. The company was formerly known as Summit Semiconductor, Inc. and changed its name to Summit Wireless Technologies, Inc. in September 2018. Summit Semiconductor, Inc. was founded in 2010 and is headquartered in San Jose, California.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/24 01:47 |
| End of Day Share Price | 2020/01/23 00:00 |
| Earnings | 2019/09/30 |
| 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.