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, associated with Summit Wireless Technologies (NASDAQ: WISA), unveiled the Beolab 28 high-resolution wireless stereo speakers by Bang & Olufsen. These WiSA Certified™ speakers offer 1250 watts of power and a frequency range of 27Hz to 23kHz, designed for versatile placement and easy setup for enhanced cinematic sound. The speakers support multiple streaming services and feature active room compensation for optimal audio playback. WiSA continues to promote interoperability among its member brands, enriching the consumer audio experience.
Summit Wireless Technologies, Inc. (NASDAQ: WISA) will hold a conference call on May 12, 2021, at 8:30 a.m. PT / 11:30 a.m. ET to discuss its first quarter results. Interested participants can join the live broadcast by calling 877-423-9813 or 201-689-8573, using code 13718663. An audio archive will be available for one week after the call. Summit Wireless is known for its immersive wireless sound technology and partners with major brands like Harman, LG, and Xbox to enhance home entertainment experiences.
WiSA LLC, founded by Summit Wireless Technologies (NASDAQ: WISA), reports significant growth in website traffic due to the WiSA Wave Marketing Program. Launched in 2020, this initiative has driven nearly 140,000 visitors to member and retailer websites in Q1 2021—a 234% increase from Q1 2020. WiSA forecasts reaching one million visitors in 2021. The program enhances consumer awareness and supports members like LG and Harman Kardon in distributing WiSA Certified products, contributing to rising sales and market exposure, essential for growth in the wireless home cinema market.
WiSA LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), has launched the Lithe Audio WiSA Certified™ Pro Series in-ceiling speaker, priced at £699.98 and aimed at the custom installation market for Dolby Atmos systems. The Pro Series is notable for its wireless functionality requiring only power to operate and is compatible with other WiSA member brands. This product, recognized as a ‘Best New Hardware’ winner at the 2020 CEDIA awards, demonstrates WiSA's commitment to enhancing home cinema experiences with high-performance audio technologies.
WiSA LLC, founded by Summit Wireless Technologies (NASDAQ: WISA), announced the WiSA Ready certification of LG’s 2021 OLED and NanoCell TVs. This extension allows seamless audio integration with WiSA Certified speakers. LG leads the industry in integrating WiSA technology, ensuring high-fidelity sound and low latency. The TVs require only a WiSA USB Transmitter for connection, simplifying setup. WiSA President Tony Ostrom praised LG's commitment to enhancing home entertainment. The collaboration aims to deliver a concert-like audio experience, benefiting various entertainment formats.
WiSA LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), announced a collaboration with Foxconn to showcase WiSA technology at the Appliance & Electronics World Expo (AWE) in Shanghai from March 23-25. The demonstration will feature the award-winning WiSA SoundSend and 5.1 WiSA Certified speaker system paired with a 120-inch 8K Sharp TV. The event aims to highlight the seamless combination of large-scale video and immersive audio. WiSA emphasizes its role in enhancing home entertainment experiences through interoperability and ease of use.
WiSA LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), has partnered with Hisense to certify its 2021 TV models as WiSA Ready. This certification enables seamless connectivity to WiSA USB transmitters and Certified Speakers, enhancing home cinema experiences. Hisense is recognized as the fifth leading and fastest-growing TV brand in the U.S. This collaboration emphasizes WiSA's role in advancing wireless audio standards, supporting a new era of immersive entertainment.
Summit Wireless Technologies (NASDAQ: WISA) reported a 141% increase in Q4 2020 revenue, exceeding $1 million compared to $430,000 in Q4 2019. The company achieved a gross margin of 24%, up from 17% in Q3 2020. Cash reserves grew to $7.4 million from $298,000 YoY. For Q1 2021, revenue is projected to increase by at least 100% YoY, with gross margins expected in the mid-20s. The company anticipates more than 1 million visitors to its sites in 2021, fueled by its WiSA Wave marketing program.
Summit Wireless Technologies (NASDAQ: WISA) announced that the AU810PB 4K UHD Smart Dual Laser CineBeam Projector from LG Electronics is now available, marking it as the first WiSA Ready™ projector. Priced at $3,999, it supports seamless wireless audio with WiSA Certified™ speakers and offers projection sizes from 40 to 300 inches. This innovation enhances home entertainment, delivering immersive audio-visual experiences via LG's webOS platform. Both companies emphasize the impact of this projector in transforming consumer home entertainment.
Platin Audio has announced the launch of the Platin Milan 5.1, an immersive wireless surround sound system following the success of the Platin Monaco 5.1. This system features WiSA Certified components and a 24-bit uncompressed audio experience. It includes compact satellite speakers and a powerful subwoofer, all controlled via the SoundSend application. Available now on Amazon and from Platinaudio.us, the Milan aims to enhance home cinema experiences at a competitive price. Summit Wireless Technologies, Inc. (WISA) supports the interoperability of audio devices through WiSA standards.
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