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, LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), announced that its immersive sound module has been integrated into TCL’s X925 Pro 8K Mini-LED Smart Screen. This technology enables wireless connections to external speakers for superior audio quality. Ellen Wang, TCL’s R&D Director, highlighted the module's role in delivering an immersive experience. The TCL X925 Pro has previously won the ‘Best of Innovation’ award at CES 2022 for its advanced features. WiSA promotes spatial audio solutions in collaboration with leading consumer electronics firms.
Summit Wireless Technologies (NASDAQ: WISA) has announced a partnership with Espressif Systems to create a 2.4GHz wireless audio module named Discovery, designed for cost-effective and reliable audio transmission for sound bars and smart TVs. The module supports four independent 48kHz audio channels and meets video lip-sync requirements. It features Dynamic Network Optimization for enhanced reliability and will be showcased at CES 2022 in Las Vegas from January 5-7, with evaluation kits available later in January.
Summit Wireless Technologies, Inc. (NASDAQ: WISA) has appointed David M. Howitt, an expert in consumer branding and CEO of Meriwether Group, to its board of directors, increasing the total membership to eight. Howitt brings over 20 years of experience working with well-known brands like adidas and Voodoo Donuts, which could enhance Summit's strategies for developing its wireless audio technology. CEO Brett Moyer emphasized Howitt's potential contributions to building Summit into a global brand for wireless audio systems.
WiSA LLC, associated with Summit Wireless Technologies (NASDAQ: WISA), announces PIEGA's launch of the WiSA Certified™ Ace Wireless Series speakers. This compact all-in-one system features advanced design, offering wireless multichannel support up to 7.1. The series integrates easily with WiSA Ready TVs and includes streaming services like Spotify and Chromecast. It consists of ACE 50 Wireless, ACE 30, and ACE Center Wireless, designed for premium sound quality. With a growing roster of WiSA Certified products, PIEGA emphasizes seamless audio integration in home environments.
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.
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