WISA - Earnings call transcript Q3 2019

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Operator

Good day and welcome to the Summit Wireless Technologies Third Quarter 2019 Update Conference Call. Today’s conference is being recorded. At this time I would like to turn the conference over to Mary Magnani with LHA Investor Relations. Please go ahead.

Mary Magnani

Thank you, Michelle and good morning everyone. welcome call. Summit to quarter Technologies’ like update XXXX would you Wireless to third I there an section. note website Please is in Summit on the Wireless the Investor Relations accompanying presentation posted Brett With is us CFO, Summit CEO, today George Moyer Wireless Olivo. and Ostrom, is us WiSA. of Tony with President Also today

for Section remind in Reform Before turn Harbor the a The Securities Litigation to SEC of over the XXXX Safe Safe I would to filings. forward-looking I XXXX. of to of risks, from Brett, Harbor Act Act on are statements. those company’s results, provides or call like and the everyone Exchange certain statement referenced and statements, upon including opportunities section the of statements during in course information of herein that forward-looking materially today’s performance, performance contained operating meaning differ a actual statements made company historical XXa forward-looking by the reflect statements available these to implied XXe number Such statements call. prospects of are about current company’s are constitute the opportunities. other Statements to not Securities of facts subject uncertainties the and factors based Securities nature expressed could the its expectations future of within Private or are based currently and and results, the cause Act of forward-looking that forward-looking and in forward-looking These XXXX the

various ongoing with some the you of detailed risks uncertainties Exchange company’s a For I’ll discussion and Commission. the company’s filings of refer of and more to the Securities the business,

Moyer. Please over call Now, Brett go CEO, turn it’s my the to Summit’s pleasure ahead, Brett. to

Brett Moyer

all call. I to potential Mary. investors and would investors Thank love to welcome you, the

and like who be the as introduce at to He December Investor Micro LD joined would will us Conference Hour Happy CES. Olivo in I at First at the CFO. George

George. before we him. have get like who Do meet Welcome, those For started? would you to any comments

George Olivo

impressed I say I in like I forward category. with level to about looking opportunity. terms grow. the engagement am I the the company the I appreciate And very to Thank and would And the you, customer since been quantity. am very of Brett. company just quality joining excited helping of have both

Brett Moyer

George. Alright. Thanks,

as today existing we well as new investors. some have So,

that, going are brief of market, go to the our a introduced update are of adoption. CES. are wave products. of and amount and wave this is to last are a WiSA as they when the we making substantial call enormous being our and second the So, investment the do terms main pretty fair time at as broad It’s on products quarter the their quarter, and promote in to that technology But launch well spend of we going WiSA to the this partners meat over

a lot content. poor and they a and thin, for yet devices market a the PC stream us way audio, get update. all opportunity that of exist a phone, to whether pictures, great So a sports, with gaming e-sports lot it’s The video, that or of of no audio all TV. lot are all quick multi-channel smart the with ultimately, a is a tablet, They

So, you for have Atmos, rear sound, front sound. ceiling sound

so very So, experience. that that our make the get it action the have they to So, though, mission room, can multi-channel the a simple out? into it we is entertainment how that be audio has and consumer a sound sure great in deliver problem to consumer is do get for immersed

low WiSA. have latency. to time, in perspective, is Now When Summit so critical three action want enables from there you that hear a the video same Technology you at technology there features the is

it at it one sample. speakers speaker audio latency, same between you the or have to in as room, the all a you synchronized as to is see audio in eight if play being when those in the well low Second, two, any with same than more time have number

So, that’s to is a simple. technology. our for second plug It third and is the And the key component consumer. critical the go setup

two, a HDMI an cable the in and room front in audio in or or combination You USB up plug of and the four, soundbars and speakers watching immersed your or six, dongle are eight is a you action.

is three that deeper me are to feel technology; critical the So, can out those components. of our go people, corner for the but to I reach obviously, free new afterwards.

has on on the are and to launched soft right product or these WiSA than it, President that Now the or TV product we members Savant. are are have critical guys partners These the Ostrom, focused partners now. more case brand have or either XX call, we WiSA about but launch product have in the of of Tony in ones are launched

We but have ago. they have launched month a not soft certification it yet, announced

electronic these So you about the think LG, brands, Harman, have news you here, if the have will shortly. see But coming consumer one of more about folks you up a you top brands by consumer, TV again have Samsung, got brand you & of Sharp owned have the in shipments, top Bang Eclipse, which Savant. TCL, Olufsen, unit by Foxconn, America is North largest got division you

lot a supporting Tier THX, X of in brands WiSA. here, Xbox, is there So

Now and initially, was year, so go if ago, you & the first TVs. WiSA of X speakers Bang phase back innovation years X.X pre-IPO, with Olufsen

with Klipsch hub media speakers. Klipsch had You

Enclave terms powerful and a media their in player You Axiim had and XK limited in and but theater which of solutions, had an breadth. support, you then very a is home an a speakers Q box,

quarter, quarter the with to If is you this extensive. side quarter this and transmit fast-forward last announced the very product now,

smart WiSA the audio So, let’s that side is transmit – and that the to speakers. because important device gets from

So, NanoCells, in or centers, they boxes, LG’s these of next dongles, month. this in HDMI media whether month, all whether OLED USB like about are about Ready dongles, pre-amps, market to is and certified be are certified is streaming market and TVs or be it to WiSA it are

speakers capabilities think a And so. seeing it’s only an solution a what’s have speaker going price transmit months, the lower this the but just the So, third-generation seeing even premium bit to it’s about about you audio audio come quite – you only points are more expanded, expanded you hub list, mid-tier brands. exciting but a and range, is in from not hub when wide Klipsch are last X Axiim out, broad second across and products not

going times not through lineup this to you then price to are I is substantially come with of point. speakers look we each of audio first at new of a premium is progression out one important Now and you move a with lower this multiple can go really to when them, what’s see the And progression but the think speakers.

a do one The towers a so HK speakers, roughly or the you just $X,XXX. it Harman with Surround soundbar, either is So, Harman’s product, half Citation the we announced $X,XXX, ago, can is price. week

Premier to about they came ones they Reference $X,XXX, $X,XXX, original launched Klipsch’s Again, at Buy look that in is last week $X,XXX. in more you Best the at speakers, at half LG closer partnership If with price.

customer then they using center, CineHome they Pro are look speakers solution $XXX in out than $XXX, so on and $X,XXX. with are having Axiim at Axiim, a X our that $XXX their premium Phase Xbox, went looking and CineHome their you an $XXX price Xbox, Puck If at the probably have our that Puck at their they half price. bringing Q coming so leader as adding some II product launched And a media for more go for so soon, largest with and at website initially Audio. volume, in They down and in is Enclave soon-to-be to it

offerings four Axiim, when product we to going So, all different, markets, what different to do, Platin out now Enclave, below look you have Audio all targeted is $X,XXX.

Whereas $X,XXX can mid-tier out starts look you under rears lot simple the there volume I a to do in moving. a sound quick probably would and references, Look compare in the but that people five of you pick the around under just other a the room. two again, a just for same simple is Bose high simple the a room to here in How Certainly Now but you point a soundbar just at does if We audio when and can and in all sub. five sitting than thing soundbar. that you that a $X,XXX, house, soundbar are argue but put XXX, they Sonos Not better are the products? price X.X, it better at product. give they reference. go certainly give it’s see products them $X,XXX,

these So, products quarter. in when roll lower, products the as look this is the and range at you of being pricing products out WiSA it get retailers more categories different offered, will distributed

are one buying And then there success retailers, are mass-market, of but XX there is and is at in. generally storefronts, so customers groups, are that custom look there are finally, when retailers having the a is penetration that our these stores lot regional these the is – then There to you installers.

those Klipsch X,XXX have we LG partnership and the year, are there. Klipsch a group opportunities with next stores. group XX,XXX is talked with And our the last And regional is rents all hopeful in there all Tier Enclave We this about about customers. Enclave, of couple Buy storefronts that again, X,XXX and and Klipsch there. are them buying X groups and and storefronts. driven lot that have dominant weeks working are the those customers in the rent and Best ultimately But have have promotional So, to Costco a by they represents and do LG and launch dealers, Savant own, because which to another right, is Harman, Harman

That’s total small premium install, when and and and other customers, of custom theater at But are presence have and solutions. help shops of in or look customers come active Buy’s where X,XXX design audio solutions these that that people are some Best a lot those are have install same home the Cedia with sold in the of this with Living Now you channel. group about brand so individual brands. EC the them we there’s

enormous most effort putting Now is but behind WiSA probably presentation and partners Tony expansion, core WiSA. are in the what’s this going and of terms the talk amount introducing exciting marketing their of what These about. an with to is products that’s

the would Tony what’s like to over talk on building terms going call And market, so, the WiSA’s of the and presence. so can in I through WiSA’s in he Tony? brand to channel building turn

Tony Ostrom

sir. you, Thank

are Ostrom. and to their consumer our own and Brett’s independently to point, unique of base. at brands seen certified a products board, that merchandising this certifying things in of and President working with market. of do have members said, WiSA the that are investment we am products part the have still coming currently their them still been a one members we new is, their are that I retailer seeing are we own development new process, And are bringing for and on And and we historically that significant most am Brett Tony happening while with from I the solution through marketing, As training exciting Association. retailers

are is Now approach. true what we a seeing category

you together, are that this understand picking LG, is areas great if and We this to level. members and and merchandising seeing And put example brands would and Theater a be are doing members the exciting. Home And actively rollout and category Theater that start what in audio forward, retailer home Home high of that speakers. category. are providing organization. are Klipsch we very retailers have really a the are are work across Magnolia Buy step to particular These at we seeing are this build participating and seen participate first stores for initiative Best are they a globally the And these opportunity slide Buy wireless this Axiim it on recently that a Magnolia great within Best

they to experience a how sense, put They simple and asked partners. we this to better products couldn’t interest company So, of you initial the category with a together premium company bringing their as TV this together have part easy, is with this working have this, total in best look, market display they a and together. and retailer. showing in be. have great We for and our electronics and how amazing to speaker have the And They concept to show in, really premium we really we them company to consumer. can a worked worked are are together are working makes premium say, want of it buy this we interoperate

is at them the laid lot And media, with with this footsteps And and retailers, in see own groups, rollout category taken that weeks it come huge it’s work few monumental place The in as last of has of couple our it pretty happened part groundwork this behind establish something could the get a that we has them also for for and happening we and for Buy the following in buying just is But exciting step time. the been And happening a all seeing press amazing. to us. that awesome. in to Best be. to together of And over a is real to come fruition see It this has pretty are weeks. amazing support us. to that’s now their

slide the website. category and supporting the So we see LG their if the we to initiative own is next go on how

WiSA into you per if lines. see about WiSA talks banner you So, an premium Ready TV or one one they banner to how those ads, a and of will them ads TV go TV in their four, five TV search OLED they implementing of have lg.com all exclusively NanoCell and which for of three, categories their category, are you

and WiSA you they buy implementing buy now and a now; that the So, and beyond about Best and Buy’s how they button takes talking have are benefits that beyond website. them it, to

level working technology they a and the and where us them all brands of the the buy for call to for benefit you purchase go between a and So, action be interoperates, brands, of can that lot the LG’s their also website to benefit it category, with huge show a marketing in experience. of to and to it send exposure to directly a retailers customer really on so and get together approach participate between cohesive to to how of

cohesive you marketing so a slide, see approach. website, On again, similar the very Klipsch’s on next something

opportunities educational again, are center well multiple their have website. is represented, They great. Klipsch well is and the this WiSA brands LG all are because same things points. these certified. of are are are they and touch points, their with products the that also Axiim. They Buy that could different that can touch represented, like facing anybody out Certified. But all because on WiSA with link. these initiative. this Best all laid consumer showing co-marketing, manifest look and have are configurations be story promotional consumer And the WiSA they in system can And at include They different of Axiim the with you brand available that all get and Our things They partners front is particular TVs videos, it

very and organized. well So very cohesive

stores, of stores, European the the you away which see next the are theater those heavy Citation particular from on on promotion Branching Citation brands, home line, slide one products Harman the their experience WiSA.

several right look of a and brand well. you that products in this Brett’s that of are within what of the significant partners stronger, center elevates are and Obviously, and just LG obviously some if as are particular venue story technology middle credibility. our front are can that in the do lot investing amount that we all that They well. If of in other and we in that our of us of this the again something we in significant this experience. world. see world And have elevates telling Citation you a even center and front like seeing kinds speaker we interest to earlier gives from point, that the part part are coming as And money partners

we category investments a in participation So, the basis. and on global from significant will building them our see out

example to This in The Brett’s consumer brand in which members integrator trade an next custom Savant, extremely is well-established slide electronics. at one point, participation from shows. is segment heavy shows earlier the

into coexist. install realizes control to simplicity that So, your bringing people something and home can

show job months a this; They at over And are were centered were doing because the technology. did were we center install. their simplicity presentation their then they they as first smart a and but in We the mentioned things of products or implementing soft announced first their launch of X.X they into the ago so. presentations. all a the front displays, they their of of control, around good so, WiSA advantage We one And Cedia soundbar. the audio see in very

an through them, their well. follows at that benefits this of tradeshow consumer outreach what telling is all a again, then into to consistent so example facing WiSA marketing does consumer a the as and And the message

see On the a captures. is of is This slide for at show. next the at additional tradeshow you largest world. some tradeshow one This buying groups the different nationwide in a

sound left, aisles. picture taken outward TV the WiSA actually the of so On of OLED in that with booth, LG an cross-section booth on the is with main the in facing part LG their

LG pictures one you systems. into those first on on walked show, had the you side As other side those two this you trade Klipsch. are had and And

their a Best wanted had in. trade LG at major very bringing at but again not buying Buy, only to, a show major show, only other group So, display not prominent on website, brands trade

as be new are and Audio link of their have TV well. Enclave this right far And Audio an systems their had then responses Axiim times a an experiential TVs they some Best first trade at then system So, coming all in that had system had the And that Buy are displayed being demos outside show. Enclave showed an positive they new as similarly this and center, then had display LG And system their systems out that front certified some their done these year. were same the with of earlier of that underneath with at we show that by transmitter and saw was CES but very and we on they significantly booth. same Klipsch one trade to still going at

all just showing a and things are and things at story it in similar very all a market, experience. very some was that approach soon great the very are these similar and be to we market in the going So, some have represented shows that

training a kind for with brand somebody great to a such why brand a fantastic. it Not on, way for of affinity presenting some easy immersive to but a even promoting WiSA marketing high-definition and WiSA T-shirt right custom out on trying for the just some facing end-users. how a is day training benefits already and talking where of telling as that a straight videos the their it works their extent have YouTube. now videos to up seen install We’ve seeing base, and retail premium or own has consumers. their are members done about probably It Klipsch coming sound, these it’s And the other available in teams far and internal brands for to of on the and into was how but with are next is being and video is evangelists. they product significant amount as us it WiSA same of their get which of are videos and a originally again, maybe and to away story This integrate the of what it it’s and, to slide integrating have On video of teams video. crossover. not YouTube about teams gallery they only and simplicity, these somebody a out absolutely convenience, of of us, the we are message videos, department now have created making channel. as Savant The website experience because far our well of is you from your consumer WiSA their developed two the its base great kind it process internal with as all to by video know in benefits TVs, have live a more an and integrator to cross a we home. And chose then also we’re LG’s having but video video These

because becoming just And things then a some easier to WiSA and removed products it’s and finally of development. we And WiSA that easier find this we I to some are products. have actually purchase list; in have Certified off

places now. much right and actually go could continue purchase wanted I this list pretty to to load grow and and will you And find This with significantly. so, learn

to a almost just certified to lot products time products available. website a they a being we certified. right where of Our coming the and the working earlier see seeing all all Tier point, we’re together And working products and as now we’re And are lot X then exciting a Tier price and category. outstanding. together are a market Brett’s new very is which of brands points, reflects of more lot And it’s in of build to to brands, those really seeing X time our at velocity members

Again, message been with where and to retailers the they that’s market. together, we for brands, brands or saw what implementing participating own develop song the are the over coming And those and now powerful was giving seeing are starting that now singing we’re that And we which and from understanding it same speakers, everybody an us. marketing are then to participants And to retailers, media and products movement system. all what it’s loving from of that kind technology is all in is same category the the transmitters. groups and going. extremely cross into and the buying a last is from initially huge seen their category, whether sources, category are they transition are as year being, And this has a were the so is back TVs this build gaming, they

to which this with these one they their is really to story event the by know the it to they at training for Klipsch, was kind had LG a our a to end time And and said people are us of guys they been one way event, these somebody already an the them. about had were this see they major displays. And us market brands WiSA. already coming LG because is got training. is and told that to already was training, group And this and trained speaker were at different buying time in just training so how bringing all at anecdotal things to great a exciting a of And on said

me all story guys that’s these because same telling means the very together to category. And build a are board, message on working together WiSA powerful the it for and so,

Brett Moyer

Tony. video Alright. to and note the will clips that where more clips I Thank And or buy learn are live. you, both these

if download click right through. presentation you the you So, can

of where are. Finally, a terms up wrapping couple we in slides

look forward, forward to more looking speaker So, launching product. you brands can first their

exciting them not they they launched. the are two But haven’t will as do internal And continuously – support is you WiSA soft quarters. through see It will today, public well brand video have next about have the very TV XK Ready talked and it that see you be will as next will launch. haven’t will We or TVs that that not have speakers.

speakers doesn’t to audio. So, internal WiSA that or one needs connect of and if speakers, have WiSA it another it means to the a type dongle for

So, we the design them. TV. actively speakers working and the in with The both are the dongle, projects are

see as year So, you will as next others. that well

activity, there you WiSA up two a things from is Then that coming can at. look

WiSA soundbars, developing, ceiling the onto And all, eight Atmos has And supports phones. sound. Summit that speakers, would defined is those has surround speakers WiSA created the of integrating the eight current First technical are as a X.X at for go been IP which sound. steering standard TVs, second, committee and

have So, Atmos speaker rear a is types transmitter to going it front those it’s to up when up a an that signal for that knows speaker sends right to the left or configuration. the all we do so find

thousands and storefront reach in team we to So, that is going that. the probably investors have the most the you us X,XXX management beyond the of footprint way stores supporting store. the exciting announce employees And for a will finally, and brands multiple and both see

end you or or the product is have hubs there Now get to game whether dongles in do at or scaling, today’s the receivers offering it Our or TVs it is call consoles how audio offerings, we so PCs, or scale when USB to and to WiSA thesis speakers. we is do the or look is HDMI scale? product from or

and you North mass price that brands the launch of go heavily have the solutions as that will look new investment, at Tier WiSA are we Targets, as finally, not And and appropriate promoting investing includes Buys, and America importantly, Europe in the for market the we Best those If Asia have but only that products most and, points the well. products. X world Costcos they

And XXXXX everybody to day we up that’s for questions, Suite so, CES the Happy our that show of X will would just the open first an Investor I at suite. remind have to the X like before Hour call we Venetian from

TVs, like see will to new up with would the And that, products, call I etcetera. new We operator, open questions. for

Operator

Thank take [Operator first ahead. Carlson And from Instructions] you. Daniel our question will Research. we go Please Tailwinds with

Daniel Carlson

Hey, and congrats the on have guys. my for made. Thanks taking you progress questions all

talked I announcement for around TV question you it. first no today’s had speakers The and in requiring you WiSA about a with manufacturer speakers

different work the about, it, just So, or am a wondering in how chip exactly? TVs TV does putting talk use Wi-Fi I on can if you with you can software that are transmitter you the existing chips those in

Brett Moyer

a it external dongle. use Ready and will TV be WiSA would It an

Daniel Carlson

is there…. Okay. And

Brett Moyer

TVs now an Ready LG WiSA external like Just dongle. with has

Daniel Carlson

Is there embedded that in future, is in also a TV something need to the the on roadmap? it without the see dongle your

Brett Moyer

developing have chip licensing IP a is around to WiSA second Ready But of point into not nature into first is do generally so key the the it. embed pricing version. That’s our is. TVs the IP the power formats, It TV licensable market.

Daniel Carlson

it. Got

in sound that? working that not are whole are support certainly with you any is I guys Tony, job that am this a future house with – And the Are looking surround think a but systems. you solution that Okay. speakers that product companies is with when surround the has but Sonos a for wireless there that at and the good a sound into whole more done at believer you look the I question possibly, house, integrates your I

Tony Ostrom

video we kind where the are to of few screen of definition. the to a really Yes, the where your room that some multi-channel a due to one – we in to a into not multi-channel do ability definition, systems multi-channel they And of have be their audio whole latency may to and kind purpose lacking needs technologies not available capabilities have have solutions suited those are for high chosen few things them that have their for it around solved. cross-functional that all enough be of purpose. aren’t their have that out something chosen to coming single really have they to are isn’t – house, been and they been integrated and they are issues us point, lip-synch or multi-room nature the do of Typically

seen for taking then a that but a technology different purpose, have multi-room we us. So, couple integrating are that

Daniel Carlson

got Harman Google. have using you specifically right, is Harman’s Well, music, with soundbar for streaming Google Cast

Tony Ostrom

Savant system many – we just fall as solution the WiSA does multi-room where and features, Yes. criteria criteria others those because multiple control all exceed but single-room meet may those all different different short. has chose The multi-room they control

Daniel Carlson

Got it, okay.

these on when look right? Magnolia can basically they this house the integrate guys you are with custom into installs, no whole one controlling like problem who So doing at app everything,

Tony Ostrom

day because wire because you it to of – speakers Certified WiSA one it it, and that I the I what certified Well, end it. are transmitter a is the that and at else really go done are basically room. good extremely takes end oversimplifying the at look But we am am, if is they day the to has seems and multi-channel the to WiSA that signal all whatever the at complicated we like can’t be can of actually get replacement replacement why no in yes, the wire it transmitter,

home in a chain. So, look node whole at that us as

whatever take will any technology, in can we the it all get to that whatever service will to broadcast be through may out multi-room broadcasting That to speakers. speakers the in any we you we get So, back room. of care theater WiSA the

Daniel Carlson

it. Got

exciting here Buy Brett, numbers these an getting more which about is an Okay. and little is out products. from The there bit awesome, but you selling part investor of any standpoint And without a what to an number to next then, talked rollout are steps which a revenue we X-figure, And the QX? the chance a possibly, accelerate going for mind a my to in there inflection see revenue? seven-figure stock point are is is Best

Brett Moyer

products into just retail that’s there. out the today. why is inflection $X,XXX launches. our $XXX, focused That’s let’s really you I think start them rolling product so part take that’s high-performing and part. The inflection all $XXX, we Yes, When these on first

given our quarter. all the have It’s the X-figure a month on that’s week unfolding rapidly. and to within abilities Now given

occur anything We to are quarter. committing rollouts this how until not see the guiding we or

Daniel Carlson

Got it it. for me. I That’s guys. it. appreciate Thanks

Brett Moyer

you. Thank

Operator

Capital. question our Woo We with Ed next [Operator Instructions] Ascendiant take will from

Ed Woo

thank do my price you taking how could you years? see in My next you the products Do these couple question of Yes, question. low point, down on is for we sub the $XXX? could think think you get

Brett Moyer

will in current $XXX on So $XXX promotional to range. you I hardware think the solution the see offers

next to is we I generation are the $XXX. to able IP to get think be the drive with below point trying

our looking there that’s launched. under talking are as those of a be to X.X X.X are X.X as but Now that some can and $XXX that partners offerings today go solution, out configurations will come or at

Ed Woo

the at of Best as just displays their just in this are then in from strong. hearing Magnolia, we out your initial like And their saying from What terms are Great. consumers looks is you terms holiday? What relatively stores response about holiday of it some they the expectations retail for Buy? head partners into consumer like of

Brett Moyer

Yes.

near Magnolia out person searched in browser list the sales computer be my the people turned I and fabulous. all house and just course WiSA have It And in was I it California might a screen. on the training here had Best stepped they to away, the all that on that store So, for training the Buy. WiSA comments of were system a who was from were took and

a around There of was There comment. there. can’t see You awesome, would enthusiasm like wait. one negative lot wasn’t

So, the be. out. blocking this tackling rolled that think I execution to partners will down the consumer just since where to speaker CES our press by get the It’s and plus brands and the response by really indicates

Ed Woo

into you. we type heading a know was are year similar know CES last expect year? for don’t we probably announcements big to year announcement I this disclose I of anything, but should Great. you want

Brett Moyer

calendar to expect have a X next very We PR the months. over active

Ed Woo

Great.

Brett Moyer

Yes.

Ed Woo

and you Thank good luck.

Operator

our from go ahead. we And take will Investor. question next Please Cornelius, Kevin Private

Kevin Cornelius

would move of like. sounds kind is move you to really guys Clearly the start volume lines got Thanks. My along but you financial need penetration volume kind or Summit company? good to early needle look coming for to the are happen it or as numbers going for adopters in, have make as at Yes, gauged more times really Exciting penetration market a company? question of of what what possibly market have you you the morning. to the certainly

Brett Moyer

So, gauged different the look at. can is There it. yes, answer we is we have that metrics

that million a we revenue I Kevin, we presentation be volume had range think have you TVs, Ready soundbars, of one, So out looked that if in X% there just at WiSA simpler would that picked we up $XX million the is about but there think XX quickly. a

front particularly. we a in speakers soundbars, sound. think in we soundbars much like soundbar, But better the we it back, discrete around love both have having that So, the WiSA and gives

market of the us easiest terms analysis. gauge of $XX to X% in So, would soundbar million metric be in company makes XX,XXX that the million foot $XX to level a penetration.

Operator

there questions. And are no further

Brett Moyer

like you launched forward of in you thank CES conferences good to will at you. participating call Okay. everybody Then Look would to the seeing in being cross-section either get to for Thank products all the or where at a I today. one able meeting. particularly be

Operator

concludes conference. you We your this for And participation. thank today’s

You disconnect. may now

WiSA (WISA) 14 Nov 192019 Q3 Earnings call transcript