FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Summit Wireless Technologies Skyrockets Following Positive Q3 Results”
Summit Wireless Technologies (NASDAQ: WISA) jumped 37% higher in premarket trading after the company reported its Q3 results and gave an encouraging Q4 update.
Summit Wireless’ Q3 revenue grew over 45% year over year while it also reported a 17.1% gross margin, compared to 7.6% in Q3 2019 and the company’s management now expects to exceed 100% year over year revenue growth for Q4 of 2020.
Summit Wireless Technologies, Inc. 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 Electronics, Klipsch, Bang & Olufsen, Xbox, a subsidiary of Microsoft, and others, Summit Wireless delivers seamless, dynamic audio experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. Summit Wireless is a founding member of WiSA, the Wireless Speaker and Audio Association and works in joint partnership to champion the most reliable interoperability standards across the audio industry.
For more information, please visit: Summit Wireless Technologies, Inc.
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