Welcome to our dedicated page for WiSA Technologies news (Ticker: WISA), a resource for investors and traders seeking the latest updates and insights on WiSA Technologies stock.
WiSA Technologies, Inc. (WISA) is a pioneering company specializing in wireless sound technology. As a fabless semiconductor firm, it focuses on developing and selling advanced wireless audio integrated circuits. These state-of-the-art circuits are designed to deliver high-definition, distortion-free audio for a range of home entertainment and professional audio markets.
Headquartered in Beaverton, Oregon, with additional offices in San Jose, California, as well as in Taiwan, Korea, and Japan, WiSA Technologies is strategically positioned to serve a global market. The company boasts an extensive geographic presence across Asia Pacific, North America, and Europe.
WiSA Technologies is renowned for its award-winning Summit Wireless™ technology. This leading integrated circuit solution is widely recognized for its ability to distribute high-quality audio wirelessly. Summit Wireless™ technology can be seamlessly integrated into audio decoding sources such as digital televisions, sound bars, PA systems, AV receivers, Blu-ray players, set-top boxes, and gaming systems. These sources transmit multi-channel audio to home theater or pro-audio speakers equipped with Summit receive technology.
In addition to selling module components to audio companies, WiSA Technologies also offers audio products to both resellers and consumers. The company collaborates closely with consumer electronics companies, technology providers, retailers, and ecosystem partners to enhance the immersive audio experience for users.
WiSA Technologies is a co-founder of the Wireless Speaker and Audio Association (WiSA) standard, which promotes interoperability among various audio components. The company's recent achievements and current projects emphasize its commitment to innovation and quality in the audio technology sector.
Stay tuned for updates from WiSA Technologies as they continue to make strides in the wireless audio industry, delivering cutting-edge solutions and expanding their global footprint.
WiSA Technologies has announced the full repayment of its Senior Secured Convertible Note, originally issued on August 15, 2022. This action is expected to eliminate liens on the company's assets, including its intellectual property. The CEO, Brett Moyer, stated that this milestone enhances the company's operational flexibility and positions WiSA to better leverage its technology and intellectual property within next-generation home entertainment systems.
By removing previous encumbrances, WiSA is set to pursue strategic alternatives more effectively. This development potentially paves the way for increased collaboration with customers and partners in the evolving home entertainment market.
WiSA Technologies, Inc. (Nasdaq: WISA) announced compliance with all Nasdaq continued listing requirements, following a delist letter dated June 23, 2022, due to a minimum bid price violation. The company regained compliance with the minimum bid price of $0.10, confirmed on February 13, 2023, thus avoiding further action from the Nasdaq panel. The company now maintains its listing after a hearing on shareholder approval requirements for stock issuance. No longer listed among "Noncompliant Companies," WiSA Technologies aims to continue developing spatial audio technology for smart devices and home entertainment.
WiSA Technologies has unveiled its new WiSA E technology, offering a wireless audio solution for TV manufacturers that enables high-quality multichannel audio transmission to up to 10 discrete speakers without needing an HDMI cable. This innovation is seen as a response to consumer demand for immersive audio experiences without the additional costs of soundbars. The technology supports advanced formats like 5.1.4 Dolby Atmos, ensuring that users can enjoy premium sound quality. CEO Brett Moyer emphasizes the importance of this technology in providing cable-free immersive audio experiences.
WiSA Technologies, Inc. (WISA) reported Q4 2022 revenue of $0.9 million, unchanged from Q3 2022, significantly down from $2.0 million in Q4 2021. The gross margin plummeted to 2% from 30% a year ago, attributed to excess inventory and sluggish consumer spending on electronics. The company anticipates $1.1 million lower operating expenses in Q1 2023 due to reduced discretionary spending. Despite current challenges, WiSA expects revenue growth in 2023 driven by new product introductions and replenished inventories. Recent highlights include successful demonstrations of their technology at CES 2023 and ongoing customer interest in their product portfolio.
WiSA Technologies, Inc. (NASDAQ: WISA) announced that Pylon Audio’s Jasper line of loudspeakers has achieved the WiSA HT Interoperability Certification. This certification ensures that Jasper speakers, including the Jasper 25 mkll, Jasper Monitor 18, and Jasper 23, seamlessly integrate with other WiSA-certified products. The speakers are set to be available for purchase in select countries starting March 6. This certification enhances Pylon Audio's commitment to delivering high-definition, multichannel audio experiences.
WiSA Technologies, Inc. (NASDAQ: WISA), known for its spatial wireless sound technology, is set to report its Q4 and full-year 2022 results on March 16, 2023, before market open. A conference call will follow at 8:00 am PT to discuss the results and provide business updates. The call will be accessible via a live webcast or by phone. Replays will be available post-call. The company is a pioneer in immersive sound solutions, collaborating with major brands like LG and Harman International. Further details can be found on the company’s website.
WiSA Association, a subsidiary of WiSA Technologies (NASDAQ: WISA), announced that its member Mesanovic’s CDM65 Controlled Directivity Monitor speaker has received the WiSA HT Interoperability Certification. Scheduled for shipping in May 2023 and currently available for pre-order, the speaker features active three-way digital signal processing and compatibility with various WiSA transmitters. Designed for premium performance, the CDM65 allows users to upload customized sound settings, including a cardioid mode that enhances sound directionality. The speaker can be integrated with the Platin Stereo Hub for versatile connectivity options.
WiSA Technologies, Inc. (NASDAQ: WISA) has completed a registered direct offering of 583,306 shares of common stock and concurrent private placement of warrants, raising approximately
The shares were issued under a previously effective shelf registration statement, while the warrants are unregistered. The Company aims to utilize this capital to enhance its development of spatial audio technologies for smart devices.
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