MARKET COMPOSITE
WISA - Summit Wireless Technologies Inc8:00:00 PM 4/19/2024
Price
$6.06
+ 0.17 (2.89%)
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 USB or HDMI dongles; and speaker systems. The company sells its products directly to original equipment manufacturers. 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.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue420K-45%
Gross Profit-334K-80%
Cost Of Revenue754K-69%
Operating Income-4.6MM-27%
Operating Expenses4.3MM-8%
Net Income-6.4MM+4%
R&D1.8MM-3%
G&A1.1MM-22%
Marketing1.4MM-1%
Interest Expense120K-
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