Datavault Ai Inc. · NASDAQ:DVLT
Datavault Ai — Summit Wireless Technologies — Q3 2018 Earnings Presentation
18 slides from Datavault Ai's earnings presentation, Nov 20, 2018
Slide 1: Summit Wireless Business Update
NASDAQ:WISA Summit Wireless (NASDAQ: WISA) Business Update November 20, 2018
Slide 2: Forward-Looking Statements
Forward - Looking Statements 2 The Private Securities Litigation Reform Act of 1995 provides a safe harbor for certain forward - looking statements, including statements in this presentation. Statements contained herein that are not based upon current or historical fact are forward - looking in natu
Slide 3: Paradigm Shift: TVs Left Sound Behind
Paradigm Shift: TVs Left Sound Behind 3 Bigger Thinner Higher Def Higher Res Great video, but POOR or NO SOUND TV attach rate to external audio reached 25% - 35% and increasing
Slide 4: Paradigm Shift: Content Multi-Channel Ready
Paradigm Shift: Content Multi - Channel Ready 4 Multiple Content Streams >8 0% of OTT encoded with multi - channel audio!
Slide 5: Paradigm Shift: Consumers Seek Simplicity
Paradigm Shift: Consumers Seek Simplicity 5 No Complex Receivers No Difficult Installations No Speaker Wires X X Complete Set - Up in Less than 30 Minutes X
Slide 6: Summit Wireless Technologies Is Immersive Sound
Summit Wireless Technologies Is Immersive Sound 6 A leading provider of immersive, wireless, multi - channel sound technology for intelligent devices and next generation home entertainment systems. Summit Rx RF Module Summit ASIC ODM Branded Speakers SWS997 WiSA Ready WiSA Embedded Sound
Slide 7: Delivering Consumer Choice and Simplicity
AVRs TVs XBOX Windows 10 Surface Pro Sources Speakers 7 Delivering Consumer Choice and Simplicity Wireless Interoperability Standard Consumers Win • Greater simplicity • Greater access to content • Lower cost to enable
Slide 8: Expanding Membership
Expanding Membership Supporting interoperability standard, creating the ecosystem around Summit’s technology with consumer electronics brands, ODMs and consumers: 30+ brands including 8
Slide 9: Driving Membership
Driving Membership • Bigger brands are joining WiSA • WiSA Ready platform gaining adoption • 14 new members in the last 13 months • Including 3 rd TV company; 2 are unannounced • 20 companies are currently reviewing the WiSA membership docs • 6 are TV companies 9
Slide 10: Smart Device Markets Poised to Drive Broad Market Expansion
10 Smart Device Markets: Tablets, TVs, PCs, Game Consoles, eSports Poised to Drive Broad Market Expansion for Summit Unveiled Ready Certification Program Host Device • Simple implementation • No added cost to product • User interface firmware Consumer • Simple, quick set - up • Reduces cost
Slide 11: Ready USB Transmitters
Ready USB Transmitters • Simple and cost effective • Up to 8 channels • Up to 24bit/96kHz transmission • All controls within source UI • Premium solution • Per speaker volume adjust • Global 10 band EQ and per speaker EQ • Bass management • Firmware update via mobile app • Mobile app for iOS and And
Slide 12: WiSA Embedded IP Simplifying, Cost Reducing for Consumer
12 WiSA Embedded IP Simplifying, Cost Reducing for Consumer WiSA Ready WiSA Traditional TV HDMI WIFI Bluetooth Dolby A/V Receiver Installation Installation Cost/Time Speakers Wired Speakers ≤ 8 Wireless Speakers ≤ 8 Wireless Speakers ≤ 8 Wireless Speakers WiSA Hub/ Soundbar WiSA USB Transmitter or W
Slide 13: Q318: Harman's Wireless Sound Solution
Q318: Harman’s Wireless Sound Solution 13 + =
Slide 14: Q3 2018 Financial Highlights
Q32018 Financial Highlights Statement of Operations • Net Revenue: $385,000, compared to $ 196,000 in 3Q 2017 • Operating Loss: $3.0M, compared to $1.6M in 3Q 2017 • Net Loss: $31.8M, c ompared to $ 2.2M in 3Q 2017 • Adjusted EBITDA: $2.2M, compared to $2.0M in 3Q 2017 Balance Sheet • Total Assets:
Slide 15: Building Momentum: Upcoming Milestones
Building Momentum 15 • Expand WiSA membership by 5 to 10 by of end of Q1 2019 • Announce 1 st WiSA Ready TV • Introduce more WiSA Certified branded speakers • Ship WiSA Ready Xbox products • File 4 to 6 additional patents Upcoming Milestones
Slide 16: CES Demonstrations Las Vegas Jan 8-11, 2019
• Hosting Investor Happy Hour Tuesday January 8, 2019 • Venetian Floor 29, Suite 106, 6:00 - 7:00 pm • Demonstration Stations • WiSA Ready TV • WiSA speakers • Xbox and WiSA speakers • WiSA AV Receivers 16 CES Demonstrations LAS VEGAS JAN 8 – 11, 2019
Slide 17: Paradigm Shifts Create Opportunity: Investment Rationale
Paradigm Shifts Create Opportunity Global Interoperability Standard IP Portfolio + TM 11 patents issued/pending + WiSA ™ Expanding Market = Long - term Growth • Expanding ODM design/development pipeline • Increasing WiSA membership • Launching WiSA Ready + WiSA Embedded platforms • Increasing multi
Slide 18: GAAP to Non-GAAP Reconciliation
NASDAQ:WISA GAAP to Non - GAAP Reconciliation Three Months Ended Sept. 30 Nine Months Ended Sept. 30 ($ 000s, unaudited) 2018 2017 2018 2017 GAAP net loss: $ (31,852) $ (2,617) $ (64,618) $ (9,481) Stock - based compensation expense 683 - 2,905 - Change in fair value of warrant liability 3,878 (3,22
Summit Wireless Technologies — Q3 2018 Earnings Presentation on 6ix