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) 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.
WiSA Technologies, Inc. (WISA) announced its participation in the LD Micro Main Event XV from October 25-27, 2022, in Los Angeles, CA. The company will showcase Dolby Atmos and Dolby Atmos Music on its Platin Audio immersive speakers. President and CEO Brett Moyer is set to present on October 26 at 11:30 am PT and will host investor meetings on October 25 and 26. The event will feature demonstrations of Dolby Atmos compared to standard audio, with attendees eligible for discounts on Platin Monaco 5.1.2 products.
WiSA LLC, a subsidiary of WiSA Technologies (NASDAQ: WISA), showcased new products at CEDIA Expo 2022, held from September 29 to October 1 in Dallas. Key highlights include the launch of WiSA HT certified solutions and the Platin Audio Monaco 5.1.2 system, priced at $1,499, which features Dolby Atmos technology. WiSA Association members, including LG and Hisense, presented new WiSA SoundSend Certified TVs. The Platin Audio product received multiple awards, enhancing the company’s market presence.
Platin Audio's Monaco 5.1.2 system, featuring WiSA SoundSend, has been awarded the 2022 CE Pro BEST Award at the CEDIA Expo. This system is the first wireless audio solution to incorporate Dolby Atmos up-firing speakers, aimed at delivering immersive audio experiences for both movies and gaming. It retails for $1,499 and is set for release in mid-October 2022 with pre-orders available now. The recognition underscores innovation and functionality in the custom electronics industry, highlighting advances despite supply chain challenges.
WiSA Technologies announced the WiSA SoundSend Certification for several LG OLED TV models, including the C2 and G2. This certification confirms the TVs' compatibility with the WiSA SoundSend wireless audio transmitter, allowing seamless connection and synchronized audio experiences. The certification enhances the functionality of LG's acclaimed OLED TVs, promoting interoperability with WiSA technology. The WiSA SoundSend has received multiple awards and simplifies setup, enabling users to create immersive home theater experiences.
Platin Audio has launched the Monaco 5.1.2 wireless audio system, featuring WiSA technology and Dolby Atmos support. This groundbreaking system is the first of its kind to be fully immersive and multichannel, designed for high-quality home cinema experiences. It integrates up-firing speakers and incorporates Dolby specifications, ensuring an unmatched audio experience. The Monaco 5.1.2 will retail for $1,499, with pre-orders currently available online. The new system aims to position Platin Audio as a leader in the evolving home audio sector.
WiSA Technologies, Inc. (NASDAQ: WISA), a leader in spatial audio wireless technology, will participate in the H.C. Wainwright & Co. 24th Annual Global Investment Conference from September 12-14, 2022, in New York City. President and CEO Brett Moyer is scheduled to present on September 14 at 11:00 AM ET and will hold in-person and virtual meetings on September 13 and 14. Presentation materials and a webcast link will be available on their Investor Relations website.
WiSA Technologies (Nasdaq: WISA) reported a 67% revenue increase in Q2 2022 compared to Q1 2022, totaling $0.9 million. Despite this growth, revenue declined from $1.6 million in Q2 2021. WiSA DS technology is gaining traction with 12 companies exploring 15 potential projects. The firm anticipates sequential growth in Q3 and Q4 2022, but cautions of challenges from parts shortages and fluctuating consumer demand. With $4.8 million in cash as of June 30, 2022, WiSA has secured a $3 million convertible security funding agreement, bolstering its financial position for future operations.
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