Slide 1: The New Industry Standard for Immersive Wireless Sound
The New Industry Standard for Immersive Wireless Sound NASDAQ: WISA Summit Wireless Q3 2021 Investor Call November 10, 2021
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: Leading Provider of Immersive Wireless Sound Technology
3 NASDAQ: WISA Markets and sells ASICS, modules & IP that is integrated into leading TV & speaker brands Association with 70+ leading CE brands implementing WiSA global interoperability standard Summit Wireless NASDAQ: WISA Summit Wireless Summit Wireless is a leading provider of immersive, wireless
Slide 4: WiSA Association: Building a Standard
4 NASDAQ: WISA WiSA Association: Building a Standard The WiSA Association has 70+ member brands implementing worldwide standards for high definition, multi - channel, low latency audio using our WiSA global interoperability standard iPhone AVRs TVs XBOX Windows 10 Surface Pro Consumers Win • - Great
Slide 5: More Accomplishments
5 NASDAQ: WISA More Accomplishments • Rolling Stone “Best Home Theater System” to Platin Milan 5.1 • Former HDMI executives increasing traction and monetizing the WiSA Standard • Launched numerous WiSA Certified Ρ , WiSA Ready Ρ and WiSA SoundSend Certified Ρ products and designs • LG Electronics QN
Slide 6: Why Now? Revenue Growth and Website Traffic
6 NASDAQ: WISA 31% 41% ~ 160% 2019 A 2020 A 2021 A/Est. Why Now? Revenue Growth YOY 26,200 365,800 ~ 2,000,000 2019 A 2020 A 2021 E Annual Website Traffic number of visitors 9 mo.s 9 mo.s
Slide 7: Today's Sound Experience Options
7 NASDAQ: WISA Today’s Sound Experience Options WiSA’s Advantage • Better Sound Field • Simple Installation • Lower Prices Soundbar TV Soundbar + Subwoofer Soundbar + Subwoofer + Simulated Dolby Digital/Atmos $799 $1,300 $1,800 $899+ Premium Soundbar Systems (i.e. Sony/ Sonos /Bose) WiSA Discreet Sp
Slide 8: Best Home Theater System: Platin Milan 5.1
8 NASDAQ: WISA Best Home Theater System: Platin Milan 5.1 Rolling Stone Essentials 2021
Slide 9: Spatial Audio Has Arrived
9 NASDAQ: WISA “Spatial/Immersive algorithms are good, but “algos” on more speakers is stunning,” WiSA Management. “Apple Music’s Spatial Audio and Lossless Streaming are Now Available on Android” “Verizon Has Its Own Version of Spatial Audio and It’s Already Pushing It on Phones” “Netflix is Finall
Slide 10: What's Next? Spatial Audio for the World
10 NASDAQ: WISA What’s Next? Spatial Audio for the World Smart TV, Home Theater, STB, Game Console PC Movie Wearable Pandora Mobile Gaming Multi - room Wireless Headset Audio Bulb
Slide 11: Primary Growth Drivers
11 NASDAQ: WISA WiSA Wave • 2M visitors projected for 2021 • 7 National retailers opening virtual storefronts increasing ease of WiSA Certified TM sales SoundSend universal, low - cost WiSA connectivity Discovery: Next - Gen Wi - Fi Module Wi - Fi tech broadening the market through lower cost 11 Pri
Slide 12: WiSA's Award-Winning Unifier: WiSA SoundSend
12 NASDAQ: WISA WiSA’s Award - Winning Unifier Your Smart TV WiSA SoundSend Amazing Speakers Works with 100s of millions of TVs with ARC/ eARC Universal transmitter easily connects to your TV and sends HD audio to speakers Amazing WiSA Certified speakers from great brands App for Android OS TVs: Son
Slide 13: WiSA Wave Benefits Brands and Consumers
13 NASDAQ: WISA WiSA Wave Benefits Brands and Consumers 26,200 365,800 ~1,200,000 ~ 2,000,000 2019 A 2020 A 9M 2021 A 2021 E Annual Website Traffic number of visitors Brands: • Ad cost covers multiple brands • Displays WiSA as a Category Consumers: • Educates on WiSA benefits • Directs them to “lear
Slide 14: WiSA Wave Leveraging Digital Marketing
14 NASDAQ: WISA WiSA Wave Leveraging Digital Marketing 14 Brands or retailers remarket using WiSA Wave analytics. For example: • Demographics • Geography • Repeat visitors • Shoppers vs researchers • Time on site • Consumer vs audiophile shopper
Slide 15: Expanding the Ecosystem: Storefronts
15 NASDAQ: WISA Expanding the Ecosystem: 7 Storefronts Establishing Various Price Points Audiophile Brands $1,098 - $1,495 $799 - $999 $2,000 - $20,000 Mainstream Entry Level Milan 5.1 with WiSA SoundSend 7 Online Retail Storefronts Opening
Slide 16: Soundbar Opportunity: Low Hanging Fruit
16 NASDAQ: WISA 35.8 38.7 41.8 44.9 48.3 52.1 2020 2021 2022 2023 2024 2025 Soundbars Units * (in Ms ) Soundbar Opportunity: Low Hanging Fruit ** Management estimates: Factors include content availability, simplicity for the consumer, price, multiple brands Audio Configuration Gen 1: 5.1 Soundbar un
Slide 17: Beyond Premium Audio: Driving 2022 Growth
17 NASDAQ: WISA • First Gen Technology established WiSA as multi - channel wireless technology brand with a complete ecosystem of TVs/transmitters and speakers • Next Gen extends WiSA to all smart devices with massive TAM • Immersive Sound Expands to Wi - Fi enabled smart devices: • Smart TVs • Smar
Slide 18: Former HDMI Team to Evangelize and Monetize the WiSA Standard
18 NASDAQ: WISA Former HDMI Team to Evangelize and Monetize the WiSA Standard Industry Veterans Bring Extensive Experience in Developing, Launching, and Licensing Multiple Standards - based Technologies Eric Almgren Steve Venuti • Co - founder and GM of unit of Silicon Image that launched and built
Slide 19: Q3 2021 Revenue Growth and 2021 Guidance
19 NASDAQ: WISA 198% Q3 2021 Revenue Growth $0.6 $1.8 $1.7 $2.4 $6.3 to $6.5 Q3 '20A Q3 '21A 2019A 2020A 2021A/E 18% Revenue & Gross Margin ($ in M) Q3 ‘21 • $1.8M revenue, up 198% vs. Q3 ’20 • 28.0% gross margin, up from 17.1% in Q3 ‘20 • $3.4M opex , including $0.4M of non - cash, vs. $3.1M, inclu
Slide 20: Expanding WiSA Ecosystem Driving Growth
20 NASDAQ: WISA Expanding WiSA Ecosystem Driving Growth More Consumers More Speaker Brands More Products Lower Entry Prices More TV Integration Driving Revenue Growth NASDAQ: WISA Investing in strategic marketing and innovation Strong balance sheet Cash & Cash Equivalents • $16.1M at 9/30/21 • ~$13M
Slide 21: Expanding Ecosystem, Fueling Growth
21 NASDAQ: WISA 31% 41% ~ 160% 2019 A 2020 A 2021 E Expanding Ecosystem, Fueling Growth • Building the standard, like HDMI • Protected IP and WiSA trademark Immersive Sound • Soundbars, Smart TVs, Wireless Speakers, Headphones, Smartphones Huge Market Opportunity • ~1.2Mk website visitors through 9M
Slide 22: Stay Home and Save with Stadium Surround Sound
22 NASDAQ: WISA Stay Home and Save with Stadium Surround Sound Shop WiSA Certified Ρ products at numerous locations and online storefronts To save $100 on either the Milan 5.1 or Monaco 5.1 systems, both shipping with the WiSA SoundSend included, u se the discount code WISA$100 at www.platinaudio.us
Slide 23: Investor Relations
Investor Relations Greg Falesnik, CEO - MZ North America 949 - 385 - 6449, WISA@mzgroup.us Kirsten Chapman, MD - LHA Investor Relations 415 - 433 - 3777, summit@lhai.com Summit Wireless Technologies, Inc. 6840 Via Del Oro, Suite 280 San Jose, CA 95119 www.summitwireless.com