WiSA Technologies, Inc. - WISA STOCK NEWS

WiSA Technologies, a leader in wireless audio technology, announced the successful testing of its DS 2.4 GHz multichannel wireless audio module. Conducted by Novus Labs, the testing reveals that the DS module outperforms competitive 5 GHz solutions in reliability, especially in congested Wi-Fi environments. The module maintains audio quality even under heavy network traffic, with performance improvements of 1.5 to 3 times compared to competitors. This cost-effective solution supports multiple audio channels, making it ideal for modern home theater systems.

The WiSA Association, a subsidiary of WiSA Technologies, Inc. (NASDAQ: WISA), has launched Dynaudio's Focus series of WiSA HT Interoperable Certified loudspeakers. Available in select regions of EMEA, these speakers utilize WiSA HT technology for immersive wireless sound, supporting up to 8 channels of HD audio. Dynaudio, known for high-quality audio systems, integrates advanced driver technology and calibration options in its designs. The Focus series aims to enhance the listening experience by offering seamless connectivity with WiSA HT-certified components.

WiSA Technologies, Inc. (Nasdaq: WISA) will participate in two key investment conferences: the H.C. Wainwright Global Investment Conference on May 23-26 in Miami, and the LD Micro Invitational XII on June 7-9 in Westlake Village, CA. The company will present its spatial wireless sound technology and hold one-on-one meetings with investors. The presentations will be streamed live, with the Miami event scheduled for May 25 at 11:00 am ET and the LD Micro event at June 7 at 3:00 pm PT.

WiSA Technologies reported Q1 2022 revenue of $0.6 million, down from $1.2 million in Q1 2021, largely due to supply chain challenges. CEO Brett Moyer projected a rebound in Q2 2022, anticipating substantial growth for the year. The company is expanding its patent portfolio from 12 to 24 and has partnered with Espressif and Realtek for cost-effective solutions in the soundbar market. Despite lower gross margins, WiSA expects a recovery with revenue growth of 30-50% year-over-year in 2022.

WiSA Technologies has launched the Opal Wireless Home Theater Speaker System, its first WiSA HT-certified home theater system, in the Chinese market. Priced at $4,200, this 5.1 system features touch controls and supports various Dolby formats for high-quality sound. The company aims to expand sales beyond China, signaling growth potential. The product’s WiSA HT certification ensures compatibility with other devices, promoting seamless connectivity and high-definition audio performance.

WiSA Technologies (NASDAQ: WISA) will release its Q1 2022 financial results on May 11, 2022, before the market opens. A conference call will follow at 8:00 a.m. PT to discuss the results and provide a business update. Participants can join the live call by dialing 669-900-6833 and entering meeting ID 92978139259 with passcode 950026, or by accessing the webcast on the company's investor relations page. WiSA Technologies specializes in spatial, wireless sound technology for smart devices and partners with top brands like Samsung and Lg.

WiSA Technologies, Inc. (NASDAQ: WISA), a pioneer in spatial, wireless sound technology, will participate in the Maxim Virtual Growth Conference from March 28-30, 2022. President and CEO Brett Moyer is scheduled to present during the event. Interested investors can sign up and access the conference here. Presentation materials and the webcast will be available on the company's Investor Relations page.

WiSA Technologies, formerly Summit Wireless Technologies, reported a significant 172% revenue increase in 2021, totaling $6.54 million. The company announced its name change and aims to leverage its core technology to capture new consumer market segments in 2022. WiSA plans to introduce new products, with a focus on lower price points for wireless audio solutions, estimating a total addressable market exceeding 1 billion units. The company forecasts a 30-50% revenue growth for 2022, despite potential supply chain challenges affecting the early year.