Correct, but most neural networks that do this sort of thing have tens of millions of parameters. Doing this in only 150 KB is extremely memory-efficient, if not exactly high fidelity.
We had to come up with a bunch of ideas on how to fit our stack into the on-chip RAM (512 KB) and leave enough for OS and the actual application.
You can find some information about the wake-word engine here https://medium.com/@alirezakenarsarianhari/yet-another-wake-...
The demo is done with some noise and there is some reverberation as well. The speakers are also somewhat accented. That being said we would like to open-source a benchmark for this (similar to other products we have). The comment on accuracy is a bit tricky as it would depend on parameters you mentioned and specific task. I will provide more information when we open source the benchmark in Q1 2019.