Summit Wireless Technologies, Inc (NASDAQ:WISA) Q4 2018 Earnings Conference Call - Final Transcript

Mar 27, 2019 • 11:30 am ET


Summit Wireless Technologies, Inc (NASDAQ:WISA) Q4 2018 Earnings Conference Call - Final Transcript


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Good day and welcome to the Summit Wireless Technologies Q4 2018 Update Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mary Magnani. Please go ahead.

Mary Magnani

Thank you, operator, and good morning, everyone. I'd like to welcome you to Summit Wireless fourth quarter 2018 update call. Please note, there is an accompanying slide presentation and webcast that can both be found on the IR section of our site. With us today, our CEO, Brett Moyer; and Interim Chief Strategy Officer and Director of Summit Wireless, Michael Howse.

Before I turn the call over to management, I'd like to remind everyone of the Safe Harbor statement referenced in SEC filings. The Private Securities Litigation Reform Act of 1995 provides a Safe Harbor for certain forward-looking statements, including statements made during the course of today's call.

Statements contained herein that are not based upon current or historical facts are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and the Section 21E of the Securities Exchange Act of 1934. These forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties.

When used herein the words anticipate, believe, estimate, upcoming plans, targets, intent and expect and similar expressions as they relate to Summit Wireless, its subsidiaries or its management are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects and opportunities to differ materially from those expressed or implied by these forward-looking statements.

For a more detailed discussion of the ongoing risk and uncertainties of the Company's business, I'll refer to -- refer you to the Company's various filings with the Securities and Exchange Commission.

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

Brett Moyer

Thank you, Mary and good morning, everybody. I'd like to thank you for joining our call today. Q1 has been a great quarter for us in terms of developing the business and moving it forward. Started out with a very strong announcement from LG, partnering with us on their OLEDs and their Nano TVs, and we'll talk more about that later in the presentation.

And then yesterday, we wrapped up the quarter with a partnership announcement with THX, which is the audio platform standard George Lucas developed. And we're targeting that towards the games. To that extent in a couple slides, I will have Michael Howse, who, for those who have followed the companies, they know I was looking for to target this market. We added Michael to both the board and the management team to help guide us to this market. And this is the first of what we expect to be more announcements coming out around the gaming industry. All