Summit Wireless Technologies
Market Cap
US$28.6m
Last Updated
2021/01/22 00:23 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. More Details
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 is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 25% a week.
Volatility Over Time: WISA's weekly volatility has increased from 18% to 25% over the past year.
Market Performance
7 Day Return
-15.9%
WISA
2.7%
US Semiconductor
1.4%
US Market
1 Year Return
-59.4%
WISA
55.5%
US Semiconductor
22.6%
US Market
Return vs Industry: WISA underperformed the US Semiconductor industry which returned 54% over the past year.
Return vs Market: WISA underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| WISA | Industry | Market | |
|---|---|---|---|
| 7 Day | -15.9% | 2.7% | 1.4% |
| 30 Day | 26.3% | 13.1% | 4.9% |
| 90 Day | 66.7% | 27.5% | 14.6% |
| 1 Year | -59.4%-59.4% | 58.2%55.5% | 25.4%22.6% |
| 3 Year | n/a | 118.4%107.0% | 46.8%37.0% |
| 5 Year | n/a | 384.6%337.8% | 132.0%106.1% |
Long-Term 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
2 months ago | Simply Wall St
Summit Wireless Technologies, Inc. (NASDAQ:WISA) Analysts Are Pretty Bullish On The Stock After Recent Results11 months ago | Simply Wall St
Could Summit Wireless Technologies, Inc.'s (NASDAQ:WISA) Investor Composition Influence The Stock Price?1 year ago | Simply Wall St
The Summit Wireless Technologies (NASDAQ:WISA) Share Price Is Down 84% So Some Shareholders Are Rather UpsetValuation
Is Summit Wireless Technologies undervalued compared to its fair value and its price relative to the market?
3.08x
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 US 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 good value based on its PB Ratio (3.1x) compared to the US Semiconductor industry average (4.6x).
Next Steps
Future Growth
How is Summit Wireless Technologies forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
49.8%
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 (47.9% per year) is forecast to grow faster than the US market (10.5% per year).
High Growth Revenue: WISA's revenue (47.9% 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?
-0.7%
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 0.7% 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 (20.8%).
Return on Equity
High ROE: WISA has a negative Return on Equity (-131.91%), as it is currently unprofitable.
Next Steps
Financial Health
How is Summit Wireless Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: WISA's short term assets ($12.8M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: WISA's short term assets ($12.8M) exceed its long term liabilities ($1.2M).
Debt to Equity History and Analysis
Debt Level: WISA's debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if WISA's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
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 sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 8.2% each year.
Next Steps
Dividend
What is Summit Wireless Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WISA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WISA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Brett Moyer (62 yo)
10.42yrs
Tenure
US$469,646
Compensation
Mr. Brett A. Moyer has been the President, Chief Executive Officer and Chairman of the Board at Summit Wireless Technologies, Inc. (formerly known as Summit Semiconductor, Inc.) since August 2010. Mr. Moye...
CEO Compensation Analysis
Compensation vs Market: Brett's total compensation ($USD469.65K) is about average for companies of similar size in the US market ($USD533.25K).
Compensation vs Earnings: Brett's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.42yrs | US$469.65k | 0.48% $ 137.4k | |
| CFO & Secretary | 1.33yrs | US$358.82k | 0.25% $ 72.7k | |
| Chief Accounting Officer & VP of Finance | 1.33yrs | US$313.94k | 0.17% $ 48.9k | |
| Vice President of Operations | 12yrs | no data | no data | |
| Vice President of Worldwide Sales | no data | no data | no data | |
| President WiSA | no data | no data | no data |
5.9yrs
Average Tenure
58yo
Average Age
Experienced Management: WISA's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.42yrs | US$469.65k | 0.48% $ 137.4k | |
| Independent Director | 0.58yr | no data | 0.051% $ 14.6k | |
| Independent Director | 5.75yrs | US$15.25k | 0.067% $ 19.2k | |
| Independent Director | 1.58yrs | US$15.25k | 0.051% $ 14.6k | |
| Director | 2.75yrs | no data | no data | |
| Director | 5.58yrs | US$15.25k | 0.085% $ 24.2k | |
| Director | 10.42yrs | US$15.25k | 0.067% $ 19.2k | |
| Independent Director | 0.92yr | no data | 0.051% $ 14.6k |
2.8yrs
Average Tenure
55yo
Average Age
Experienced Board: WISA's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WISA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 532.8%.
Top Shareholders
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$28.552m
- Shares outstanding: 7.82m
- 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 |
| SUE1 | DB (Deutsche Boerse AG) | 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 | 2021/01/22 00:23 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.