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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 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.
WiSA LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), has upgraded its 2021 web visitor projections from 1 million to 2 million, propelled by the WiSA Wave marketing initiative. In the first half of 2021, web traffic surged over 1000% to nearly 900,000 visitors. The association anticipates 300,000 visitors in Q3 and 850,000 in Q4, attributing the growth to increased consumer engagement and product offerings. WiSA Wave is enhancing marketing for members, resulting in spikes in sales as of July 2021.
Summit Wireless Technologies (NASDAQ: WISA) will host a virtual roadshow on July 15, 2021, at 11:30 a.m. ET, featuring a presentation by CEO Brett Moyer. The event will cover the company's business model and growth initiatives, followed by a Q&A session. To participate, dial 1-877-423-9813 (U.S.) or 1-201-689-8573 (international) with the conference code 13721372. A replay of the call will be available after four hours and can be accessed until August 15, 2021. For more details, visit www.summitwireless.com.
WiSA LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), has launched the WiSA SoundSend TV application for Android OS. This app allows users to control WiSA audio systems via their TV remote, simplifying setup and enhancing user experience. The application is compatible with various TV brands, including Sony and Panasonic, potentially reaching over 50 million TVs. With projections to connect to over 1 billion TVs by year-end, this innovation aims to ease consumer access to WiSA Certified speaker systems, enhancing the home cinema audio experience.
Summit Wireless Technologies, Inc. (Nasdaq: WISA) will join the Russell Microcap® Index effective June 25, highlighting its growth in wireless sound technology for entertainment systems. This inclusion, which lasts for one year, enhances visibility among investors, as Russell indexes are benchmarks for around $10.6 trillion assets. CEO Brett Moyer noted this development builds on strong first-quarter momentum. The firm collaborates with major brands like Samsung and Microsoft, providing immersive audio solutions for various entertainment sectors.
Summit Wireless Technologies, Inc. (Nasdaq: WISA) has announced that its President and CEO, Brett Moyer, will present at two upcoming conferences. The first will be at the Rocky Mountain Microcap Conference VII on May 26 at 12:56pm ET, and the second at the LD Micro Invitational XI on June 9 at 2:00pm ET. Presentation materials and webcasts will be available on the company's Investor Relations page. Summit Wireless specializes in immersive wireless sound technology for next-gen home entertainment systems, collaborating with major brands like Harman International and LG Electronics.
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