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Companies: Summit Wireless Technologies, Inc. (WISA)

Company Profile

Summit Wireless Technologies, Inc.

6-4-19 Trickle Research Issues Allocation Update Report
Summit Wireless Technologies, Inc.  Nasdaq (WISA) 
12-24 Month Price Target $9.25

Allocation 5

2Summit recently completed a secondary offering of roughly 4.1 million shares at $1.33 per share for gross proceeds of about $5.4 million. We are pleased that they were able to put some additional needed working capital in the bank, although we were not particularly happy about the pricing it was done at. We won’t re-beat the dead horse, but as we have noted many times, for small emerging companies like Summit that are dependent on equity raises until they can advance the business to positive cash flow, the specter of unknown amounts of additional dilution can provide significant headwinds for share prices. Below is some narrative we provided in our recent conference overview of the Company, that we think is still germane and provides a good backdrop for our allocation increase: We commenced coverage of Summit in September 2018 with a 12-24 month price target of $9.25.

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1-30-19 Summit Wireless Technologies, Inc. (WISA)
Summit Wireless at Receives Awards and Media Recognition at CES

WiSA Buy Rating and Price Target $9.25
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12-3-18 Summit Wireless Technologies, Inc. (WISA)
Earnings Update

WiSA Buy Rating and Price Target $9.25
Read Complete Release

10-11-18 Summit Wireless Technologies, Inc. (WISA)
Certification of Axiim Link
WiSA USB Transmitter
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10-10-18 Ascendiant Capital markets, LLC
Initiates Research of
Summit Wireless Technologies, Inc. (WISA) 
  Buy Rating and Price Target $7.00

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09-28-18 Trickle Research Initiates Research of
Summit Wireless Technologies, Inc. (WISA) 
12-24 Month Price Target $9.25

Click Here for Research Report


Summit Wireless Technologies, Inc. (NASDAQ: WISA) is a leading provider of immersive, wireless sound technology for intelligent devices and next generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung; LG; Klipsch; Bang & Olufsen; Xbox, a subsidiary of Microsoft; and others, the company delivers seamless, dynamic audio experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. Summit Wireless is the founder of WiSA™ (the Wireless Speaker and Audio Association) and works in joint partnership to champion the most reliable interoperability standards across the industry. The company is headquartered in San Jose, CA with sales teams in Taiwan, China, Japan, and Korea.

Company Officers/Contacts

Brett Moyer
Chief Executive Officer, President and Director and Chairman

Gary Williams
Chief Financial Officer, Secretary and Vice President of Finance




Ed Green
Vice President of Operations

Tony Parker
Vice President of Business Development and Strategy

Keith Greeney
Vice President of Engineering

Tony Ostrom
President WiSA

Contact Information

6840 Via Del Oro, Suite 280
San Jose, CA 95119


Tel: +1.408.627.4716

Financial Reporting/Disclosure

Reporting Status U.S. Reporting: SEC Reporting
CIK 0001682149
Fiscal Year End 12/31

Profile Data

SIC - Industry Classification 3674
Incorporated In: Deleware

Company Notes

  • Formerly=SUMMIT SEMICONDUCTOR LLC (filings through 2018-04-13)
  • Formerly=Summit Semiconductor Inc. (filings through 2018-09-14)

Service Providers

Accounting/Auditing Firm

Legal Counsel

David E. Danovitch, Esq.

Michael DeDonato, Esq.

Zachary Blumenthal, Esq.

Robinson Brog Leinwand Greene
Genovese & Gluck, P.C.

875 3rd Avenue

New York, NY 10022

(212) 603-6391

Investor Relations Firm

Kirsten Chapman, Managing Director, Principal

LHA Investor Relations: Results that Matter
T: 415.433.3777  | C: 415.640.7317   | 
44 Montgomery Street, Suite 1280  | San Francisco, CA 94104  LinkedIn


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