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, Inc. (NASDAQ: WISA) will showcase its first port of wireless multichannel audio software for Android TV at CES 2023, taking place from January 5-8, 2023, in Las Vegas. This demonstration aims to highlight how embedding WiSA's audio software can provide TV brands with cost-effective, feature-rich wireless audio capabilities, enhancing consumer experience with seamless connectivity to compatible speakers. WiSA's software supports both Android and Linux operating systems and operates over Wi-Fi, scaling from stereo to eight separate audio channels.
WiSA Technologies (Nasdaq: WISA) has received a notification from Nasdaq granting it an additional 180-day compliance period until June 20, 2023, to regain compliance with the minimum bid price rule. The company’s shares will continue trading on the Nasdaq Capital Market without immediate effect from this notification. WiSA had previously been informed on June 23, 2022, that it did not meet the $1 minimum bid price requirement. WiSA intends to monitor its stock price and may consider a reverse stock split to regain compliance.
Platin Audio has introduced its wireless surround sound system, Monaco 5.1.2, featuring up-firing speakers and Dolby Atmos technology. Displayed at B&H Photo Video in New York City, this system offers an immersive listening experience aimed at enhancing home audio. Priced at $1,499, it includes a promotional $200 discount for customers who participate in the demonstration before January 2, 2023. The Monaco system is WiSA HT Certified, ensuring compatibility with various smart devices for an easy setup.
WiSA Technologies (NASDAQ: WISA) has launched a new app allowing users of WiSA-enabled devices to control their multichannel audio experience via smartphones. The app supports various devices, including smart TVs and soundbars, and will expand to popular operating systems. Key features include setup guidance, preset audio modes, EQ controls, and comprehensive speaker management. The app is currently available for Android, with an iOS version set to debut in mid-December. The initiative aims to enhance user accessibility and control over immersive sound technologies.
WiSA Technologies, Inc. (Nasdaq: WISA) has successfully closed its public offering of 50.4 million units and 3.6 million pre-funded units at a price of $0.14 per unit, generating approximately $7.6 million in gross proceeds. Each unit comprises one share of common stock and two warrants, Series A and Series B, both exercisable at the same price. The offering was facilitated by Maxim Group LLC as the exclusive placement agent, and the securities were registered with the SEC under an effective registration statement. This capital raise is expected to support the company's growth in spatial audio technology.
WiSA Technologies (WISA) has announced a public offering of 50,400,000 units at $0.14 per unit, raising approximately $7.6 million in gross proceeds. Each unit consists of one share of common stock, a Series A warrant, and a Series B warrant, all exercisable at $0.14. The offering is expected to close on or about December 1, 2022. Maxim Group LLC is the placement agent for this offering, which is registered under the SEC's Form S-1. This financing aims to support WiSA's development in spatial audio wireless technology.
WiSA Technologies has announced a request to delay the filing of its Q3 2022 10-Q report, originally due for the quarter ending September 30, 2022. The delay is due to the company's ongoing exploration of strategic alternatives and is not linked to disputes with auditors. Consequently, the quarterly results conference call has been postponed to November 21, 2022. This decision reflects the company’s focus on potential strategic developments while maintaining transparency with shareholders.
WiSA Technologies, Inc. (NASDAQ: WISA), specializing in wireless sound technology for smart devices, will announce its Q3 2022 results on November 14, 2022, post-market. A conference call for shareholders to discuss these results will take place at 2:00 PM PT / 5:00 PM ET on the same day. Participants can join by calling 346-248-7799 with Meeting ID 95541920384 and passcode 395744. The call will also be available via live webcast on the company’s investor relations site, along with an audio archive for one week.
WiSA Technologies, Inc. (Nasdaq: WISA) is actively exploring strategic alternatives to enhance shareholder value. The Board has engaged AQ Technology Partners to assist in evaluating a range of options, including potential capital raising, asset sales, mergers, and licensing opportunities. Four companies have signed NDAs to consider transactions with WiSA. However, no definitive agreements are guaranteed, and outcomes may not meet expectations. The company will not disclose further developments until the evaluation process is completed or deemed appropriate.
WiSA Technologies, Inc. (NASDAQ: WISA) announced a new licensing program for its WiSA E software, aimed at enhancing audio experiences in HDTV platforms and speaker systems. By partnering with Amlogic and other IoT chip manufacturers, WiSA intends to offer affordable multichannel wireless audio options. The software will be showcased at CES 2023 and aims for production in 2023, promoting interoperability among audio devices. This initiative seeks to address consumer demand for high-quality audio while reducing costs associated with traditional audio systems.
FAQ
What is the current stock price of WiSA Technologies (WISA)?
What is the market cap of WiSA Technologies (WISA)?
What does WiSA Technologies, Inc. specialize in?
Where is WiSA Technologies headquartered?
What is Summit Wireless™ technology?
What types of products integrate WiSA Technologies' solutions?
Who are some of WiSA Technologies' partners?
What is the WiSA standard?
What markets does WiSA Technologies serve?
How does WiSA Technologies distribute its products?
What are some recent achievements of WiSA Technologies?
Why is WiSA Technologies significant in the audio industry?
