RTTNews | Nov 10, 2020 10:36AM EST

10:36 Tuesday, November 10, 2020 (RTTNews.com) - Shares of Summit Wireless Technologies, Inc. (WISA) are currently surging about 40% driven largely by third-quarter revenues and fourth-quarter revenue outlook.

WISA is currently trading at $2.97, up $0.84 or 39.43%, on the Nasdaq.

For the third quarter, the company reported 45% increase in third-quarter revenues, compared to last year. Analysts polled by Thomson Reuters estimated revenue growth of 19.30%

The company expects fourth-quarter revenues to surge 100% year-over-year. Analysts currently estimate revenue growth of 137.20%.

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