Business Context and Reporting Period
This Form 8-K was filed by Summit Wireless Technologies, Inc. (trading symbol: WISA) on August 19, 2019, reporting an event that occurred on August 16, 2019. The company is incorporated in Delaware and listed on The Nasdaq Capital Market. The filing addresses the company's compliance status with Nasdaq listing requirements.
Key Financial Metrics
The filing references the company's Quarterly Report for the period ended June 30, 2019, which reported stockholders' equity of approximately $3.48 million. The document does not provide specific values for revenue, profit, cash flow, operating margins, debt levels, or liquidity ratios beyond this equity figure.
Material Changes
The primary material change reported is the resolution of a listing deficiency. The Nasdaq Listing Qualifications Department determined that the company has regained compliance with Nasdaq Listing Rule 5550(b)(1) regarding minimum stockholders' equity. Consequently, the matter regarding the company's continued listing is now closed.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of new risks or contingencies. The document is strictly a notification of regulatory compliance status.
Key Facts for Investor Verification
- Verify the company's current stockholders' equity remains above the $3.48 million threshold reported in the Q2 2019 filing.
- Confirm the company's continued good standing on The Nasdaq Capital Market following the closure of the compliance matter.
- Review the full Quarterly Report for the period ended June 30, 2019, for detailed financial performance data not included in this 8-K.