Slide 1: The New Industry Standard for Immersive Wireless Sound
The New Industry Standard for Immersive Wireless Sound Summit Wireless Technologies, Inc. (NASDAQ: WISA) Q3 2020 Reporting on November 10, 2020
Slide 2: Forward Looking Statements
2 NASDAQ: WISA Forward Looking Statements This presentation of Summit Wireless Technologies, Inc . (NASDAQ : WISA) (the “Company” or “WISA”) contains forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchang
Slide 3: Summit Wireless at Inflection Point
3 NASDAQ: WISA Summit Wireless at Inflection Point Summit Wireless (NASDAQ: WISA) is a leading provider of immersive, wireless sound technology for intelligent devices & next - generation home entertainment systems Topics: • WiSA Ecosystem Growth (membership and products) • WiSA Consumer Engagement
Slide 4: WiSA Association – Building a Standard
4 NASDAQ: WISA WiSA Association – Building a Standard • The WiSA Association has 60+ member brands implementing worldwide standards for high definition, multi - channel, low latency audio using our WiSA global interoperability standard • Expanded membership by 7 companies and 11 brands Personal Whol
Slide 5: WiSA Association Boasts Tier-Members
5 NASDAQ: WISA WiSA Association Boasts Tier - 1 Members OTHER KEY MEMBERS TRANSMIT + SPEAKER MEMBERS ( ) ( ) DISPLAY MEMBERS ( ) System Audio A/S WiSA Association Boasts 60+ Industry Members, Including:
Slide 6: True Cinema Sound in Your Home in Minutes
6 NASDAQ: WISA True Cinema Sound in Your Home in Minutes Your Smart TV WiSA Transmitter Amazing Speakers Quick Set Up Immersive Sound No Speaker Wires No AV Receiver No WiFi Needed Works with 100’s of millions of TVs with ARC/ eARC Easily connects to your TV and sends HD audio to speakers Amazing Wi
Slide 7: WiSA Products Across All Price Points
7 NASDAQ: WISA WiSA Products Across All Price Points Products Driving Integration to WiSA Systems Brand Configuration w/Tx MSRP 1 • Bang and Olufsen (B&O) 5.1 $ 25,000 • System Audio Legend 60 2.0 $ 9,000 • Buchardt A700 2.0 $ 7,000 • Harman Citation speakers 5.1 or SB 5.1 $ 5,500 • System Audio Leg
Slide 8: Amazon Purchasers Love Sound & Set-up
8 NASDAQ: WISA Amazon Purchasers Love Sound & Set - up “With 65” LG Nanocell TV... WOW!!! For the price (or better) of a sound bar, I’m sitting here in my living room after 10 min of setup watching Star Wars in mind blowing surround sound!!!” “Stunning surround sound - Easy to setup!” “ Deserves six
Slide 9: Today's Immersive Sound Experience Options
9 NASDAQ: WISA WiSA Certified: • Enclave CineHome II: $999 • Platin Monaco 5.1: $899 Today’s Immersive Sound Experience Options Soundbar TV Soundbar + Subwoofer + Simulated Dolby Digital/Atmos Soundbar + Subwoofer Discreet Speakers / Spatial Sound WiSA Home Theater WiSA’s Advantage • Better Sound Fi
Slide 10: Consumer Interest in WiSA Continues to Grow Rapidly
10 NASDAQ: WISA Consumer Interest in WiSA Continues to Grow Rapidly Growing Web Site Traffic to WiSA Website Likely a Leading Indicator of Growing Consumer Interest In Purchasing A WiSA Soundsystem 1,199 2,259 3,434 19,217 34,257 47,026 99,546 150,000 – 175,000 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3
Slide 11: Driving Financial Improvements
11 NASDAQ: WISA Driving Financial Improvements Q3 2020: Strongest Quarter to Date • 45% revenue increase in Q3 2020, vs. Q3 2019 • 17.1% gross margin in Q3 2020, vs. 7.6% in Q3 2019 • $9.1M in cash and cash equivalents at Sept. 30, 2020 $327 $465 $352 $419 $430 $411 $348 $607 $860 + Revenue ($, Thou
Slide 12: Inflection Point Driven by Consumers
12 NASDAQ: WISA Inflection Point Driven by Consumers Q3 2020 trends expected to continue to drive revenue and improved financial performance in Q4 2020 and 2021: • Increasing WiSA membership including more TV and Projectors Companies • More brands launching WiSA Certified speakers • SoundSend will i
Slide 13: Surround Sound in a Box, Just Wrap It!
13 NASDAQ: WISA Surround Sound in a Box, Just Wrap It! 3 of the 20 brands shipping WiSA Certified™ products – offer complete smart surround sound systems between $799 and $1,499. All deliver hi - fidelity audio with super simple set up. Look for holiday promotions at: • Platin Audio • Enclave Audio