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, Inc. (NASDAQ: WISA) announced the hiring of three industry veterans—Eric Almgren, Steve Venuti, and Roger Isaac—to enhance the adoption of the WiSA standard and stimulate revenue growth. With over 80 years of collective experience in launching major technologies like HDMI, this strategic team aims to expand market applications for Summit's high-definition wireless audio technology. CEO Brett Moyer highlighted their proven records in standard commercialization as vital for advancing WiSA's position in the audio industry.
Summit Wireless Technologies (NASDAQ: WISA) has appointed Eric Almgren as Chief Strategist effective September 13, 2021. His responsibilities include enhancing the WiSA standard and driving revenue growth. As part of his appointment, Almgren received restricted stock equal to 2% of the company's outstanding shares. The shares will vest over 36 months and are tied to achieving specific market capitalization milestones of $75 million, $100 million, and $150 million.
Summit Wireless Technologies, Inc. (NASDAQ: WISA) has announced its participation in the H.C. Wainwright 23rd Annual Global Investment Conference. CEO Brett Moyer will present live on September 13 at 7:00 am ET and will hold meetings on September 13-14. Presentation materials will be available on the company’s Investor Relations website. Summit Wireless specializes in immersive, wireless sound technology for advanced home entertainment systems, collaborating with renowned brands like Harman and LG Electronics.
Summit Wireless Technologies (NASDAQ: WISA) has partnered with Hansong, a renowned ODM, to launch a new technology reference platform for wireless soundbars, audio hubs, and speakers. Named Discovery, this low-cost module leverages Summit's advanced Wi-Fi software for fixed low latency audio transmission, supporting up to four synchronized audio channels—ideal for entry-level home cinema systems. Hansong aims to enhance consumer audio experiences and expand market access through this collaboration.
Summit Wireless Technologies (NASDAQ: WISA) announced that LG Electronics’ QNED Mini LED TVs have been certified as WiSA Ready™, expanding LG's offerings of WiSA compatible products this year. The launch includes six new models that support seamless wireless audio connections with WiSA Certified speakers from major brands. This certification marks LG's fourth WiSA Ready product family rollout in 2021, highlighting the company’s leadership in wireless home cinema technology. LG’s integration of WiSA technology ensures high-quality audio experiences across various forms of entertainment.
Summit Wireless Technologies (NASDAQ: WISA) reported a strong Q2 2021, with revenue skyrocketing 354% to $1.6 million from $0.3 million a year prior. Gross margin improved to 29.0%, while net loss remained stable at $3.4 million. The company anticipates full-year revenue between $6.5 million and $7.0 million, representing over 180% growth compared to 2020. Cash reserves increased to $10.3 million. CEO Brett Moyer highlighted success in WiSA technology adoption, bolstered by strategic partnerships and a new Amazon storefront. Positive momentum is expected to continue into the holiday season.
Summit Wireless Technologies, Inc. (NASDAQ: WISA) will hold a management call on August 10, 2021, at 8:30 a.m. PT / 11:30 a.m. ET to discuss second quarter results and provide a business update. Interested participants can listen live by calling 877-423-9813 or 201-689-8573 with the code 13721706. A live webcast and presentation slides will be available on the company's investor relations website. An audio archive will be accessible for a week post-call. Summit Wireless specializes in immersive wireless sound technology, partnering with major CE brands to enhance home entertainment experiences.
Summit Wireless Technologies (Nasdaq: WISA) has announced a registered direct offering of 2,500,000 shares of common stock at $4.00 per share, totaling approximately $10 million in gross proceeds. The offering, facilitated by Maxim Group LLC as the sole placement agent, is set to close on or around July 27, 2021, pending customary conditions. Shares are being offered under an effective Form S-3 registration with the SEC. This move aims to bolster the company’s capital for growth in immersive wireless sound technology for home entertainment.
WiSA LLC, associated with Summit Wireless Technologies (NASDAQ: WISA), has launched a custom Amazon Storefront, enhancing the shopping experience for WiSA Certified™ products. The initiative is part of the WiSA Wave Marketing Program, aiming to draw 2 million website visitors this year. The storefront features WiSA Ready™ TVs, WiSA Certified™ transmitters, speakers, and promotional bundles, streamlining the purchasing process for consumers. This move supports the growing global demand for wireless home entertainment solutions, offering easier access to high-performance audio systems.
WiSA LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), has launched the WiSA SoundSend Certified program to ensure seamless interoperability between TVs and the WiSA SoundSend wireless audio transmitter. Toshiba's REGZA is the first TV brand to receive this certification. This initiative aims to enhance wireless audio experiences for home entertainment systems, allowing quick installation and compatibility with a significant range of smart TVs. With a projected reach to over 1 billion TVs, the SoundSend supports advanced audio formats like Dolby Atmos, furthering WiSA's role in the consumer electronics sector.
FAQ
What is the current stock price of WiSA Technologies (WISA)?
What is the market cap of WiSA Technologies (WISA)?
What does WiSA Technologies, Inc. specialize in?
Where is WiSA Technologies headquartered?
What is Summit Wireless™ technology?
What types of products integrate WiSA Technologies' solutions?
Who are some of WiSA Technologies' partners?
What is the WiSA standard?
What markets does WiSA Technologies serve?
How does WiSA Technologies distribute its products?
What are some recent achievements of WiSA Technologies?
Why is WiSA Technologies significant in the audio industry?
