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.
Summit Wireless Technologies (NASDAQ: WISA) reported significant growth in Q3 2021, with revenues surging 198% to $1.8 million and gross margins improving to 28%. The company anticipates full-year revenues between $6.3 million and $6.5 million, a 160% increase from 2020. Seven national retailers now feature WiSA storefronts, driving consumer engagement. Despite these advancements, operating expenses rose to $3.4 million and the net loss narrowed to $2.1 million. Cash reserves enhanced to $16.1 million, supporting future growth initiatives.
Summit Wireless Technologies (NASDAQ: WISA) will present at the Ladenburg Thalmann Tech Expo 2021 on November 18 at 9:00 AM PT. The company's CEO Brett Moyer will share insights on their wireless sound technology for home entertainment systems. Investors can register to watch the presentation and request 1x1 meetings via the event's website. Presentation materials will be available on Summit Wireless's Investor Relations page after the event. For more information, visit www.summitwireless.com.
WiSA LLC has launched the new WiSA Certified™ Retailer Program, enhancing its brand presence by partnering with major retailers like Amazon, Electronics Express, and Walts TV. This initiative aims to boost sales of WiSA Certified products, providing dedicated marketing support and improved visibility. WiSA targets 2 million website visitors by the end of 2021, responding to increasing consumer demand for high-quality wireless home cinema systems. Retailers must meet specific criteria, including sales of WiSA products and a robust online presence, to become certified.
Summit Wireless Technologies, Inc. (NASDAQ: WISA), a leader in immersive wireless sound technology, will present at the Rocky Mountain Microcap Conference VIII on Wednesday, November 3, 2021, at 1:12 PM PT at TopGolf in Centennial, Colorado. President and CEO Brett Moyer will lead the presentation. Participants can access the session live or later through virtual registration at rockymountain21.mysequire.com. Additional materials will be available on the company's Investor Relations website.
Summit Wireless Technologies (NASDAQ: WISA), a leading provider of wireless sound technology, is set to hold a conference call on November 10, 2021, at 8:00 a.m. PT to discuss its third quarter results. The call can be accessed by dialing 877-423-9813 or 201-689-8573, using code 13724586. Shareholders can listen live through the company’s investor relations website. Summit Wireless collaborates with top brands like Harman International, LG Electronics, and Xbox to enhance audio experiences across various multimedia platforms.
Summit Wireless Technologies (NASDAQ: WISA) reported a preliminary Q3 2021 revenue of approximately
WiSA LLC announced a significant surge in website traffic, anticipating over 800,000 holiday visitors. This growth, driven by the WiSA Wave Marketing Program, has resulted in a 550% year-over-year increase in consumer exposure, rising from 176,000 to approximately 1.2 million in 2021. WiSA collaborates with over 40 retailers, including Amazon and B&H Photo-Video, to market WiSA Certified products and enhance consumer awareness in the wireless home cinema market.
Summit Wireless Technologies (NASDAQ: WISA) announced that Hisense has launched new WiSA Ready™ laser TV projectors in the U.S. The L9G models, measuring 100” and 120”, support a 5.1.2 audio channel and feature the TriChroma laser light engine with 3,000 lumens for superior brightness and color accuracy. These projectors allow quick wireless connectivity to any WiSA Certified™ speaker system, enhancing home entertainment experiences.
Summit Wireless Technologies, Inc. (NASDAQ: WISA) will participate in the LD Micro Main Event on October 12 at 2:00 PM PT in Los Angeles. CEO Brett Moyer will present, with management also hosting individual meetings. Summit Wireless is known for its innovative wireless sound technology for intelligent devices and home entertainment, collaborating with major brands like Harman, LG, and Klipsch. A copy of the presentation will be available on their Investor Relations website.
Summit Wireless Technologies (NASDAQ: WISA) announced the launch of the Harman Kardon Radiance 2400 wireless audio system, utilizing HARMAN’s Constant Beamwidth Technology™ and integrated WiSA technology. Available in select European countries, this system includes ultra-slim floor-standing speakers, a subwoofer, and a digital hub, promising immersive wireless audio. The Radiance 2400 offers user-friendly features, including a multifunctional LCD touch screen and Bluetooth remote control. This innovation positions WiSA as a leader in the wireless home cinema market.
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