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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) 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.
Summit Wireless Technologies (NASDAQ: WISA) reported Q1 2021 revenue of $1.2 million, a 181% increase from Q1 2020. Gross margin rose to 25.6%, up from 15.3% a year prior. Operating expenses for the quarter were $3.0 million. The company anticipates Q2 revenue growth exceeding 250% year-over-year and expects higher gross margins. Notable partnerships include brands like LG and Bang & Olufsen, with new product launches enhancing its market presence. Summit also projects over 1 million website visitors in 2021, signaling strong consumer interest.
Summit Wireless Technologies (NASDAQ: WISA) announces that its member, Onkyo Home Entertainment, has launched the WiSA Certified™ SOUND SPHERE audio system. This product includes the WiSA SoundSend wireless audio transmitter, allowing for flexible system bundling in 2.1, 3.1, and 5.1 options. The SOUND SPHERE aims to enhance home audio experiences, providing immersive, theater-quality sound with easy setup. It supports Dolby Atmos Height Virtualizer and allows for low-latency wireless audio transmission.
Summit Wireless Technologies (Nasdaq: WISA) has appointed Wendy Wilson to its board of directors as of May 10, 2021, while thanking Jonathan Gazdak for his service; he will remain an advisor. CEO Brett Moyer highlighted Wilson's extensive experience in digital marketing, with notable roles at firms like Disney and Yahoo, as beneficial for enhancing consumer awareness of their wireless immersive sound technology. Wilson expressed enthusiasm about the company's WiSA Wave marketing program, which is gaining momentum in the industry.
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.
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