Summit Says 2021 Sales Rose 170% in Early Look; Shares Hit 52-Week Low
Summit Wireless Q4 sales of about $2 million brought full-year totals to more than $6.5 million, up 170% from 2020, said the company in a preliminary report Tuesday. The company’s spatial audio technology and the WiSA Wave program are driving…
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growth, said CEO Brett Moyer. In 2022, management expects to continue to build the brand by expanding the WiSA Wave effort to Europe and China, increasing website visitors to 3 million-5 million and launching more products. Summit is due to report Q4 results next month. Shares reached a 52-week low Tuesday at $1.16 before closing down 4.5% at $1.28.