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Summit Wireless Technologies Announces Pricing of $10 0 Million Registered Direct Offering Priced At-The-Market

Summit Wireless Technologies Announces Pricing of $10 0 Million Registered Direct Offering Priced At-The-Market
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Summit Wireless Technologies Announces Pricing of $10 0 Million Registered Direct Offering Priced At-The-Market – Consumer Electronics Net

Summit Wireless Technologies Announces Pricing of $10 0 Million Registered Direct Offering Priced At-The-Market – Consumer Electronics Net
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Summit Wireless Technologies Reports Record Fourth Quarter 2020 Revenue and Gross Margin – Consumer Electronics Net

1 month ago Q4 2020 Revenue Increased 141% Year-over-Year to a Record $1.0 Million; Operational Execution Drives Gross Margin Improvement to 24% from 17% in Q3 2020 SAN JOSE, Calif.–(BUSINESS WIRE)–Summit Wireless Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems, provided an update for the fourth quarter ended December 31, 2020. Q4 2020 Financial Highlights: Revenue increased 141% to over $1.0 million, compared to $430,000 in the fourth quarter of 2019. Gross margin expanded to 24%, compared to 17% in the third quarter of 2020. Cash and cash equivalents of $7.4 million at December 31, 2020, compared to $298,000 at December 31, 2019. Q1 2021 Financial Guidance: Gross margin expected to be in mid-20s range.

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WiSA Wave Marketing Program Results in Record Consumer Traffic and is Expected to Exceed 1 Million Consumers in 2021

® LLC, the Wireless Speaker and Audio Association founded by Summit Wireless Technologies (NASDAQ: WISA), today announced the WiSA Wave, a program that provides customized digital marketing campaigns and access to the Association’s robust consumer database and analytics, has driven significant consumer web traffic since officially launching on September 1, 2020. The Association projects www.wisaassociation.org site traffic to reach over 1 million website visitors in 2021. (Graphic: Business Wire) WiSA Wave Drives Significant Web Traffic Performance 185,000+ consumers were driven to websites for WiSA or brand and retailers in Q4’20 versus 99,500 in Q3’20 and 47,000 in Q2’20. Consumers used WiSA for Christmas shopping research as returning visitors reached 20% of all of the Association’s web traffic during the critical retail period of November 25 to December 15.

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SmallCapsDaily: Summit Wireless Technologies Leads as an Innovator in the Wireless Sound Technology and Consumer Electronics Markets

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