RTTNews | May 12, 2021 10:26AM EDT

10:26 Wednesday, May 12, 2021 (RTTNews.com) - Shares of Summit Wireless Technologies, Inc. (WISA) are up more than 16% Wednesday morning after the company announced tri-fold increase in its first-quarter revenue.

The company reported that revenue in the first quarter increased 181% to $1.2 million, from $0.4 million a year ago.

Summit Wireless expects revenue in the second quarter to increase more than 250%, compared to the prior-year period.

Separatley, WiSA LLC, a unit of Summit Wireless Technologies, today announced the launch of Onkyo Home Entertainment's WiSA Certified SOUND SPHERE audio system in Japan.

WISA, currently at $2.99, has traded in the range of $1.72- $4.89 in the last 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3194297/stock-alert-summit-wireless-technologies-up-16-on-revenue-jump-outlook.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved