WISA - Summit Wireless Technologies Inc Stock Price, Fair Value and News

6.00USD+0.61 (+11.32%)Market Closed

Market Summary

USD6.00+0.61

Market Closed

11.32%

WISA Stock Price

View Fullscreen

WISA RSI Chart

WISA Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

-72.25

Price/Sales (Trailing)

649.34

EV/EBITDA

-73.64

Price/Free Cashflow

-91.08

WISA Price/Sales (Trailing)

WISA Profitability

Operating Margin

-165.96%

EBT Margin

-898.56%

Return on Equity

363.02%

Return on Assets

-388.16%

Free Cashflow Yield

-1.1%

WISA Fundamentals

WISA Revenue

Revenue (TTM)

2.1M

Rev. Growth (Yr)

-54.15%

Rev. Growth (Qtr)

-45.38%

WISA Earnings

Earnings (TTM)

-18.7M

Earnings Growth (Yr)

-82.32%

Earnings Growth (Qtr)

-4.12%

Breaking Down WISA Revenue

Last 7 days

-12.1%

Last 30 days

19.1%

Last 90 days

-60.3%

Trailing 12 Months

-97.2%

How does WISA drawdown profile look like?

WISA Financial Health

Current Ratio

1.12

WISA Investor Care

Shares Dilution (1Y)

1230449.30%

Diluted EPS (TTM)

16.32

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	3.3M	2.7M	2.6M	2.1M
2022	6.0M	5.3M	4.4M	3.4M
2021	3.1M	4.4M	5.6M	6.5M
2020	1.6M	1.6M	1.8M	2.4M
2019	1.6M	1.5M	1.6M	1.7M
2018	1.2M	1.2M	1.3M	1.4M
2017	0	0	0	1.1M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Summit Wireless Technologies Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Dec 31, 2023	howitt david marc	sold	-	-	-19.00	-
Dec 18, 2023	williams gary	sold	-2.08	0.13	-16.00	see remarks
Dec 18, 2023	moyer brett	sold	-10.4	0.13	-80.00	see remarks
Nov 28, 2023	williams gary	sold	-492	0.125	-3,940	see remarks
Nov 28, 2023	moyer brett	sold	-769	0.125	-6,159	see remarks
Jul 12, 2023	kristensen helge	acquired	-	-	11,000	-
Jul 12, 2023	williams gary	acquired	-	-	52,000	see remarks
Jul 12, 2023	peruvemba sriram krishnamurthy	acquired	-	-	11,000	-
Jul 12, 2023	oliva george	acquired	-	-	30,000	chief financial officer
Jul 12, 2023	howitt david marc	acquired	-	-	11,000	-

Which funds bought or sold WISA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	unchanged	-	-26.00	6.00	-%
Mar 11, 2024	VANGUARD GROUP INC	unchanged	-	-21,668	5,354	-%
Feb 15, 2024	BARCLAYS PLC	sold off	-100	-7,000	-	-%
Feb 14, 2024	GROUP ONE TRADING, L.P.	unchanged	-	-239	58.00	-%
Feb 14, 2024	TWO SIGMA SECURITIES, LLC	sold off	-100	-9,340	-	-%
Feb 14, 2024	CITADEL ADVISORS LLC	new	-	9,630	9,630	-%
Feb 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	reduced	-2.19	-14,429	3,381	-%
Feb 13, 2024	MORGAN STANLEY	added	2,200	6.00	8.00	-%
Feb 13, 2024	FMR LLC	sold off	-100	-30.00	-	-%
Feb 13, 2024	Qube Research & Technologies Ltd	new	-	93.00	93.00	-%

Are Funds Buying or Selling WISA?

Are funds buying WISA calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own WISA

No. of Funds

Unveiling Summit Wireless Technologies Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 03, 2024	reda joseph	999%	25,075,000	SC 13G/A
Feb 15, 2024	reda joseph	998%	5,820,000	SC 13G
Feb 13, 2024	lind global fund ii lp	0.1%	9,415	SC 13G
Feb 06, 2024	hudson bay capital management lp	0.01%	2,374	SC 13G/A
Feb 13, 2023	lind global macro fund lp	1.3%	960,384	SC 13G/A
Feb 10, 2023	hudson bay capital management lp	9.85%	7,377,500	SC 13G
Dec 09, 2022	lind global fund ii lp	1.8%	1,210,384	SC 13G/A
Dec 09, 2022	intracoastal capital, llc	4.99%	3,546,169	SC 13G
Feb 14, 2022	medalist partners lp	0.8%	124,463	SC 13G/A
Feb 04, 2022	hudson bay capital management lp	1.48%	237,500	SC 13G/A

Recent SEC filings of Summit Wireless Technologies Inc

View All Filings

Date Filed	Form Type	Document
Apr 23, 2024	424B5	Prospectus Filed
Apr 23, 2024	8-K	Current Report
Apr 22, 2024	424B3	Prospectus Filed
Apr 19, 2024	8-K	Current Report
Apr 19, 2024	424B5	Prospectus Filed
Apr 18, 2024	8-K	Current Report
Apr 18, 2024	EFFECT	EFFECT
Apr 17, 2024	DEF 14A	DEF 14A
Apr 12, 2024	8-K	Current Report
Apr 11, 2024	S-3	S-3

Peers (Alternatives to Summit Wireless Technologies Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NVDA	2.1T	60.9B	-12.59%	204.78%	69.24	33.82	125.85%	581.31%
AMD	246.0B	22.7B	-15.26%	73.85%	288.04	10.85	-3.90%	-35.30%
AMAT	160.6B	26.5B	-8.09%	70.09%	22.43	6.06	0.88%	10.98%
INTC	144.9B	54.2B	-19.50%	15.54%	85.79	2.67	-14.00%	-78.92%
ADI	94.2B	11.6B	-1.82%	1.62%	33.46	8.14	-8.03%	-17.90%
MID-CAP
AMKR	7.2B	6.5B	-6.92%	26.98%	20.13	1.11	-8.30%	-53.02%
CRUS	4.5B	1.8B	-7.29%	-2.84%	25.81	2.54	-11.16%	-46.12%
DIOD	3.2B	1.7B	2.08%	-16.25%	14.09	1.93	-16.94%	-31.42%
ACLS	3.2B	1.1B	-13.69%	-22.83%	12.88	2.81	22.89%	34.51%
AMBA	1.7B	226.5M	-16.97%	-39.29%	-9.97	7.46	-32.92%	-159.10%
SMALL-CAP
ACMR	1.6B	557.7M	-11.19%	166.96%	21.3	2.95	43.44%	97.00%
AOSL	570.7M	640.0M	-6.75%	-18.83%	-33.28	0.89	-19.44%	-128.49%
AEHR	305.3M	71.9M	-27.97%	-59.92%	19.82	4.25	14.14%	8.17%
ATOM	149.9M	550.0K	-7.10%	4.07%	-7.57	272.49	43.98%	-13.47%
ASYS	67.5M	116.7M	-7.39%	-45.48%	-3.52	0.58	15.07%	-240.88%

Summit Wireless Technologies Inc News

Latest updates

Summit Wireless Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-45.4%	420,000	769,000	425,000	469,000	916,000	937,000	946,000	566,000	2,000,000	1,807,000	1,581,000	1,153,000	1,038,000	607,000	348,000	411,000	430,000	419,000	352,000	465,000	327,500
Cost Of Revenue	-69.1%	754,000	2,438,000	626,000	1,722,000	901,000	807,000	758,000	504,000	1,396,000	1,301,000	1,122,000	858,000	790,000	503,000	336,000	348,000	613,000	387,000	330,000	407,000	368,000
Gross Profit	80.0%	-334,000	-1,669,000	-201,000	-1,253,000	15,000	130,000	188,000	62,000	604,000	506,000	459,000	295,000	248,000	104,000	12,000	63,000	-183,000	32,000	22,000	58,000	-40,500
Operating Expenses	-8.2%	4,289,000	4,670,000	4,492,000	4,549,000	5,307,000	4,878,000	4,291,000	3,963,000	3,668,000	3,424,000	3,268,000	3,015,000	3,881,000	3,089,000	2,021,000	2,723,000	2,916,000	2,711,000	2,738,000	2,725,000	2,771,500
S&GA Expenses	-1.0%	1,390,000	1,404,000	1,089,000	1,294,000	1,975,000	1,539,000	1,326,000	1,300,000	1,253,000	1,021,000	975,000	874,000	931,000	835,000	510,000	698,000	715,000	694,000	676,000	749,000	742,000
R&D Expenses	-2.5%	1,792,000	1,838,000	1,933,000	1,893,000	1,785,000	1,939,000	1,883,000	1,537,000	1,436,000	1,322,000	1,305,000	1,173,000	1,294,000	1,240,000	904,000	1,134,000	1,232,000	1,429,000	1,405,000	1,361,000	1,233,000
EBITDA Margin	-60.2%	-8.82	-5.50	-4.59	-3.49	-4.50	-3.47	-2.45	-2.07	-1.79	-2.20	-3.02	-3.78	-	-	-	-	-	-	-	-	-
Interest Expenses	-1169.2%	-556,000	52,000	37,000	723,000	724,000	173,000	-	1,000	-	3,000	3,000	3,000	3,000	5,000	1,352,000	37,000	-	-	-	-	-
Income Taxes	-	2,000	-	2,000	-	-	-	2,000	-	-	-	2,000	-	-	-	3,000	-	1,000	-	1,000	6,000	-
Earnings Before Taxes	-4.1%	-6,361,000	-6,111,000	-5,324,000	-921,000	-3,490,000	-4,649,000	-4,106,000	-3,904,000	-3,069,000	-2,061,000	-3,396,000	-3,292,000	-3,637,000	-2,990,000	-3,395,000	-2,680,000	-3,940,000	-2,708,000	-2,823,000	-2,559,000	-2,740,000
EBT Margin	-46.2%	-8.99	-6.14	-5.24	-4.03	-4.80	-3.54	-2.47	-2.09	-1.81	-2.22	-3.04	-4.23	-	-	-	-	-	-	-	-	-
Net Income	-4.1%	-6,363,000	-6,111,000	-5,326,000	-921,000	-3,490,000	-4,649,000	-4,108,000	-3,904,000	-3,069,000	-2,061,000	-3,398,000	-3,292,000	-3,637,000	-2,990,000	-3,398,000	-2,680,000	-3,941,000	-2,708,000	-2,824,000	-2,565,000	-2,740,000
Net Income Margin	-46.3%	-8.99	-6.15	-5.24	-4.03	-4.80	-3.54	-2.47	-2.09	-1.81	-2.22	-3.04	-4.23	-	-	-	-	-	-	-	-	-
Free Cashflow	10.2%	-2,700,000	-3,008,000	-4,528,000	-4,614,000	-4,611,000	-4,598,000	-4,293,000	-4,041,000	-2,947,000	-3,296,000	-2,567,000	-2,797,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-12.8%	4,823	5,533	8,931	12,577	11,452	11,570	12,205	16,972	19,391	21,916	15,877	14,750	11,299	13,026	15,627	4,622	4,222	3,541	6,157	2,862	5,406
Current Assets	-14.2%	4,083	4,756	8,151	12,296	11,130	11,198	11,780	16,512	19,188	21,706	15,697	14,560	11,116	12,789	15,495	4,497	4,016	3,313	5,912	2,618	5,141
Cash Equivalents	105.5%	411	200	2,000	5,300	2,897	2,644	4,762	9,061	13,108	16,067	10,293	9,707	7,415	9,104	12,088	755	298	284	3,322	322	3,218
Inventory	-13.6%	2,737	3,169	5,475	5,747	7,070	7,284	6,248	6,227	4,780	3,954	3,563	3,296	2,708	2,576	2,708	2,650	2,666	2,036	2,082	1,764	1,383
Net PPE	-14.7%	93.00	109	92.00	155	174	198	220	231	162	169	139	149	142	125	65.00	72.00	84.00	98.00	107	96.00	110
Liabilities	109.4%	9,733	4,648	3,070	4,814	13,448	6,218	2,821	3,986	3,014	2,920	4,244	4,213	3,386	3,164	3,395	4,757	3,111	2,137	2,204	1,685	1,588
Current Liabilities	-4.1%	3,637	3,792	1,909	3,242	3,674	3,862	2,702	3,827	2,965	2,865	4,178	3,187	2,284	1,956	2,446	3,677	2,700	1,729	1,778	1,582	1,378
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	562	668	776	562	688	-	-	-	-	-
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	847	285	179	71.00	285	-	-	-	-	-	-
Shareholder's Equity	-682.7%	-5,157	885	5,861	7,763	-1,996	5,352	9,384	12,986	16,377	18,996	11,633	9,920	7,316	9,285	11,675	-	594	907	3,476	1,177	3,818
Retained Earnings	-2.6%	-247,042	-240,679	-234,568	-229,242	-228,321	-224,831	-220,182	-216,074	-212,203	-209,134	-207,073	-203,675	-200,383	-196,746	-193,756	-190,358	-187,678	-183,737	-181,029	-178,205	-175,640
Additional Paid-In Capital	0.1%	241,878	241,557	240,422	236,998	226,318	230,181	229,564	229,058	228,578	228,128	218,705	213,594	207,698	206,030	205,430	189,734	188,320	184,700	184,561	179,436	179,501
Shares Outstanding	-	33,357	-	35.00	20.00	5.00	-	995.11*	988.59*	1.00	773.39*	724.14*	665.33*	-	-	-	-	-	-	-	-	-
Float	-	-	-	6,719	-	-	-	9,872	-	-	-	-	-	-	-	16,478	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	9.2%	-2,700	-2,974	-4,526	-4,600	-4,604	-4,589	-4,273	-4,034	-2,934	-3,246	-2,557	-2,771	-2,360	-2,667	-3,012	-1,820	-2,578	-3,077	-2,557	-2,820	-2,866
Share Based Compensation	8.1%	560	518	481	499	515	526	506	480	408	349	335	254	149	662	72.00	75.00	95.00	10.00	-	-	-400
Cashflow From Investing	100.0%	-	-34.00	-2.00	-14.00	-7.00	-9.00	-20.00	-7.00	-13.00	-50.00	-10.00	-26.00	-37.00	-5.00	-8.00	-2.00	-3.00	-6.00	-25.00	-	-17.00
Cashflow From Financing	140.9%	2,924	1,214	1,258	6,994	4,878	2,480	-6.00	-6.00	-12.00	9,070	3,153	5,089	708	-312	14,353	2,279	2,585	45.00	5,584	-65.00	-

WISA Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue, net	$ 2,083,000	$ 3,365,000
Cost of revenue	5,540,000	2,970,000
Gross profit (deficit)	(3,457,000)	395,000
Operating Expenses:
Research and development	7,456,000	7,144,000
Sales and marketing	5,177,000	6,140,000
General and administrative	5,367,000	5,155,000
Total operating expenses	18,000,000	18,439,000
Loss from operations	(21,457,000)	(18,044,000)
Interest expense, net	(932,000)	(898,000)
Change in fair value of warrant liability	4,510,000	2,852,000
Change in fair value of derivative liability		(47,000)
Loss on debt extinguishment	(837,000)
Other expense, net	(1,000)	(12,000)
Loss before provision for income taxes	(18,717,000)	(16,149,000)
Provision for income taxes	4,000	2,000
Net loss	(18,721,000)	(16,151,000)
Deemed dividend on conversion of convertible preferred for common stock	(6,360,000)
Net loss attributable to common stockholders	$ (25,081,000)	$ (16,151,000)
Net loss per common share- basic (in dollars per share)	$ (3.18)	$ (82.89)
Net loss per common share- diluted (in dollars per share)	$ (3.18)	$ (82.89)
Weighted average number of common shares used in computing net loss per common share - Basic (in shares)	7,898,469	194,852
Weighted average number of common shares used in computing net loss per common share - Diluted (in shares)	7,898,469	194,852

WISA Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 411	$ 2,897
Accounts receivable	294	273
Inventories	2,737	7,070
Prepaid expenses and other current assets	641	890
Total current assets	4,083	11,130
Property and equipment, net	93	174
Other assets	647	148
Total assets	4,823	11,452
Current Liabilities:
Accounts payable	2,320	2,042
Accrued liabilities	1,317	1,632
Total current liabilities	3,637	3,674
Convertible note payable		457
Warrant liabilities	5,460	8,945
Derivative liability		333
Other liabilities	636	39
Total liabilities	9,733	13,448
Commitments and contingencies (Note 8)
Series B Convertible Redeemable Preferred Stock, par value $0.0001; 375,000 shares authorized as of December 31, 2023; 38,335 shares issued and outstanding as of December 31, 2023 (none as of December 31, 2022); mandatorily redeemable on October 15, 2025 for $3,833,500	247
Stockholders' Equity/ (Deficit):
Common stock, par value $0.0001; 200,000,000 shares authorized; 33,356,855 and 712,564 shares issued and outstanding as of December 31, 2023 and 2022, respectively	7	7
Additional paid-in capital	241,878	226,318
Accumulated deficit	(247,042)	(228,321)
Total stockholders' equity/ (deficit)	(5,157)	(1,996)
Total liabilities, convertible preferred stock and stockholders' equity/ (deficit)	$ 4,823	$ 11,452

About Summit Wireless Technologies Inc

WiSA Technologies, Inc. develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc. and changed its name to WiSA Technologies Inc. in March 2022. WiSA Technologies, Inc. was incorporated in 2010 and is headquartered in Beaverton, Oregon.

CEO	Mr. Brett A. Moyer
WEBSITE	wisatechnologies.com
INDUSTRY	Semiconductors
EMPLOYEES	49

Summit Wireless Technologies Inc Frequently Asked Questions

What is the ticker symbol for Summit Wireless Technologies Inc? What does WISA stand for in stocks?

WISA is the stock ticker symbol of Summit Wireless Technologies Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Summit Wireless Technologies Inc (WISA)?

As of Tue Apr 23 2024, market cap of Summit Wireless Technologies Inc is 1.35 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WISA stock?

You can check WISA's fair value in chart for subscribers.

What is the fair value of WISA stock?

You can check WISA's fair value in chart for subscribers. The fair value of Summit Wireless Technologies Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Summit Wireless Technologies Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WISA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Summit Wireless Technologies Inc a good stock to buy?

The fair value guage provides a quick view whether WISA is over valued or under valued. Whether Summit Wireless Technologies Inc is cheap or expensive depends on the assumptions which impact Summit Wireless Technologies Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WISA.

What is Summit Wireless Technologies Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, WISA's PE ratio (Price to Earnings) is -72.25 and Price to Sales (PS) ratio is 649.34. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WISA PE ratio will change depending on the future growth rate expectations of investors.