Welcome to our dedicated page for Wisa Tech news (Ticker: WISA), a resource for investors and traders seeking the latest updates and insights on Wisa Tech stock.
Wisa Tech (WISA) provides cutting-edge wireless audio solutions for home entertainment and professional systems through its semiconductor innovations. This page serves as the definitive source for official company announcements and market-moving developments.
Access real-time updates on earnings reports, product launches, strategic partnerships, and technology advancements. Investors will find essential information about WISA's fabless semiconductor model, while industry professionals can track interoperability standards progress and R&D milestones.
Our curated news collection includes press releases on licensing agreements, audio technology breakthroughs, and global expansion initiatives. All content is verified for accuracy and relevance to support informed analysis of WISA's market position in wireless integrated circuits.
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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.
Summit Wireless Technologies, Inc. (Nasdaq: WISA) has announced that President and CEO Brett Moyer will participate in the 33rd Annual ROTH Conference and the Maxim Group 2021 Emerging Growth Conference. The ROTH Conference will feature virtual 1x1 meetings on March 15-16, while the Maxim Group conference includes a webcasted fireside chat on March 18 at 11:00 am ET and additional virtual meetings on March 17-18. Presentation materials will be available on the company's Investor Relations website.
Summit Wireless Technologies, Inc. (NASDAQ: WISA) will hold a conference call on March 12, 2021, at 8:00 a.m. PT / 11:00 a.m. ET to discuss its fourth quarter results and provide a business update. Interested participants can join the live broadcast by calling 877-423-9813 or 201-689-8573, using code 13716790. A webcast with 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, collaborating with top brands in home entertainment.
Summit Wireless Technologies (NASDAQ:WISA) will showcase its wireless audio technology on February 10, 2021, during a presentation at the Society for Information Display (SID). Tony Parker, VP of New Business Development, will highlight the integration of wireless multi-channel audio with TVs, emphasizing the importance of interoperability in enhancing home entertainment experiences. With the growth of streaming services offering multi-channel audio, Summit aims to address consumer challenges by providing reliable solutions.
