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WiSA Technologies, Inc. - WISA STOCK NEWS

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.

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WiSA Technologies, Inc. (Nasdaq: WISA) has announced a $3.6 million senior secured convertible note and warrant issuance to Lind Global Macro Fund, LP. The offering will provide $3.0 million in immediate gross proceeds for general working capital. This convertible security is secured by a first priority lien on most of WiSA's assets and can convert into common stock at $0.93 or 90% of the lowest five VWAPs in the previous 20 trading days. The investor also received a five-year warrant to acquire approximately 2.1 million shares at $1.00 each.

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WiSA LLC, a subsidiary of WiSA Technologies (NASDAQ: WISA), announced that Hisense's 2022 U7H and U8H Series TVs have received WiSA SoundSend Certification. This certification ensures seamless connectivity between smart TVs and the WiSA SoundSend wireless audio transmitter. The U7H and U8H models allow users to enjoy high-definition multi-channel audio, enhancing home cinema experiences. WiSA aims to promote immersive audio experiences through collaborations with brands like Hisense. The WiSA SoundSend has received multiple awards, including the 2022 Mark of Excellence award.

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WiSA Technologies, Inc. (NASDAQ: WISA) will report its second quarter 2022 results on August 15, 2022, before the market opens. A conference call will be held at 9:00 a.m. PT to discuss the results and provide updates. Participants can listen live by dialing 669-900-6833 and entering the meeting ID 95912577140, with passcode 369678. A live webcast will also be available on the company's investor relations website. WiSA Technologies specializes in wireless sound technology and partners with leading brands to enhance home entertainment experiences.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of WiSA Technologies (WISA)?

The current stock price of WiSA Technologies (WISA) is $1.69 as of December 18, 2024.

What is the market cap of WiSA Technologies (WISA)?

The market cap of WiSA Technologies (WISA) is approximately 13.9M.

What does WiSA Technologies, Inc. specialize in?

WiSA Technologies specializes in wireless sound technology and develops wireless audio integrated circuits for home entertainment and professional audio markets.

Where is WiSA Technologies headquartered?

WiSA Technologies is headquartered in Beaverton, Oregon, USA, with additional offices in San Jose, California, Taiwan, Korea, and Japan.

What is Summit Wireless™ technology?

Summit Wireless™ technology is an award-winning integrated circuit solution by WiSA Technologies that enables high-definition, distortion-free wireless audio transmission.

What types of products integrate WiSA Technologies' solutions?

Products like digital televisions, sound bars, PA systems, AV receivers, Blu-ray players, set-top boxes, and gaming systems integrate WiSA Technologies' wireless audio solutions.

Who are some of WiSA Technologies' partners?

WiSA Technologies partners with consumer electronics companies, technology providers, retailers, and ecosystem partners to enhance the immersive audio experience.

What is the WiSA standard?

The WiSA standard, co-founded by WiSA Technologies, is a standard for interoperability among various audio components, ensuring seamless integration and high-quality audio.

What markets does WiSA Technologies serve?

WiSA Technologies serves home entertainment and professional audio markets, with a geographic presence in Asia Pacific, North America, and Europe.

How does WiSA Technologies distribute its products?

WiSA Technologies distributes its products through the sale of module components to audio companies and offers audio products to resellers and consumers.

What are some recent achievements of WiSA Technologies?

WiSA Technologies' recent achievements include innovations in wireless audio technology and expanding their global footprint in the audio technology sector.

Why is WiSA Technologies significant in the audio industry?

WiSA Technologies is significant for its cutting-edge wireless audio solutions, improving the audio experience with high-definition, distortion-free sound, and fostering interoperability standards.

WiSA Technologies, Inc.

Nasdaq:WISA

WISA Rankings

WISA Stock Data

13.88M
6.07M
20.63%
5.72%
8.69%
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