Summit Wireless Technologies, Inc. (NASDAQ:WISA) is reporting second quarter financial results on Thursday 13th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, WISA is expected to report 2Q20 loss of $ 0.4 per share from revenue of $ 0.21 million.
For the full year, analysts anticipate top line of $ 2.10 million, while looking forward to loss of $ 3.09 per share bottom line.
Previous Quarter Performance
Summit Wireless Technologies, Inc. revealed loss for the first quarter of $ 2.19 per share, from the revenue of $ 0.41 million. The quarterly revenues shrunk 8.89 percent compared with the same quarter last year. The consensus estimates are loss of $ 2.00 per share from $ 0.49 million in revenue. The bottom line results missed street analysts by $ 0.19 or 9.5 percent, at the same time, top line results fell short of analysts by $ 0.08 million or 16.33 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of WISA was $ 2.28, representing a 7.55 % increase from the 52 week low of $ 2.12 and a 91.43 % decrease over the 52 week high of $ 26.60.
The company has a market capital of $ 17.61 million and is part of the Technology sector and Semiconductors industry.
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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. The company offers TX modules for TVs, AV receivers, media hubs, and small dongles that connect through USB or HDMI ports; and speaker systems.
