NasdaqCM:WISA

Stock Analysis Report

Summit Wireless Technologies

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

WISAIndustryMarket
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 Yearn/a84.0%73.2%47.2%37.6%
5 Yearn/a123.1%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

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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WISANasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJul 2018
SUEBST (Boerse-Stuttgart)YesCommon StockDEEURJul 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 00:32
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.