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 (NASDAQ: WISA) has released an updated corporate presentation and business overview on M-Vest.com, designed to provide regular updates to investors. The company specializes in immersive, wireless sound technology for home entertainment systems and is a founding member of the WiSA Association. Summit Wireless collaborates with major brands like Samsung and LG to enhance audio experiences.
These presentations aim to boost investor awareness, but do not constitute a solicitation for securities.
Summit Wireless Technologies, Inc. (Nasdaq: WISA) announced that President and CEO Brett A. Moyer will present at the 13th Annual LD Micro Main Event investor conference on December 14, 2020, at 10:00am PT / 1:00pm ET. The presentation will be web streamed live on the company's website. Summit Wireless is known for its immersive, wireless sound technology used in next-gen home entertainment systems and collaborates with major brands like Harman, LG, and Microsoft. Additionally, the company is a founding member of WiSA, promoting interoperability standards in audio technology.
WiSA LLC, founded by Summit Wireless Technologies (NASDAQ: WISA), has launched a new wireless home cinema bundle featuring the WiSA SoundSend audio transmitter and the Tuned by THX Monaco 5.1 Immersive Wireless Home Audio System. Priced at $899, the bundle is available for purchase on major online retailers including Amazon and Newegg. The system promotes easy setup, allowing users to connect to smart TVs in under ten minutes, while delivering immersive sound with low latency. A special holiday promotion is valid through December 31, enhancing its appeal during this shopping season.
WiSA LLC, founded by Summit Wireless Technologies (NASDAQ: WISA), has launched its first branded product, SoundSend, priced at $179. This HDMI audio transmitter allows users to create immersive home cinema experiences by connecting to smart TVs via ARC/eARC without WiFi. With the capability to transmit high-resolution audio to WiSA Certified speakers, SoundSend offers advanced features and is expected to generate strong demand. The product will be available for consumers in early December via major retailers, enhancing WiSA's commitment to high-resolution audio standards.
Summit Wireless Technologies, Inc. (NASDAQ: WISA) reported a strong Q3 2020, with a 45% revenue increase year-over-year and a gross margin improvement from 7.6% to 17.1%. The company added 7 new WiSA members, including major brands like SKYWORTH and Hisense, and anticipates further growth as holiday season approaches. Cash reserves stand at $9.1 million. CEO Brett Moyer expressed confidence in exceeding 100% revenue growth in Q4 2020. WiSA's new product, SoundSend, aims to enhance consumer experiences with smart surround sound systems.
WiSA, founded by Summit Wireless Technologies (NASDAQ: WISA), has welcomed Hisense into its community of over 60 consumer electronics brands, aiming to expand its retail presence in North America. Hisense, the top TV brand in China, reported a 139% sales increase in the U.S. in 2020. Joining WiSA allows Hisense to work on global standards for low-latency, multi-channel audio, enhancing consumer experiences in home cinema technology. This partnership signifies a strategic growth opportunity for both WiSA and Hisense.
Summit Wireless Technologies, Inc. (Nasdaq: WISA), a pioneer in immersive wireless sound technology, announced that President and CEO Brett Moyer will participate in three upcoming conferences. The events include the Trickle Research Rocky Mountain Microcap Conference on November 10 at TopGolf, the Investor Summit Fall Conference on November 16-17 with a webcast presentation, and the Benchmark Discovery One-on-One Investor Conference on November 18 featuring virtual meetings. Presentation materials will be accessible via the company's website.
Summit Wireless Technologies, Inc. (NASDAQ:WISA) will hold a conference call on November 10, 2020, at 7:30 a.m. PT / 10:30 a.m. ET to discuss its third-quarter results and provide a business update. Interested participants can join the call by dialing 877-423-9813 or 201-689-8573, using code 13711981. The call will be accessible via a live webcast on their investor relations website and will be archived for one year. Summit Wireless is known for its innovative wireless sound technology in home entertainment systems and is a founding member of the WiSA Association.
WiSA LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), has announced the launch of a wireless home cinema bundle featuring the WiSA SoundSend transmitter and the Platin Monaco 5.1 Immersive Wireless Home Audio System. Priced at $899, the bundle will be available for purchase starting November 2020 on Amazon. The system promises easy setup and immersive audio experience, with capabilities for virtual Dolby Atmos performance and excellent audio quality, making it appealing for both audio enthusiasts and novices.
WiSA LLC, founded by Summit Wireless Technologies (NASDAQ: WISA), reported significant growth in Q3 2020, with unique website visitors up 112% from Q2 and 191% from Q1. The association's digital marketing efforts have resulted in increased consumer engagement, with 35% of visitors interacting with member sites. Social media visits surged 143% from Q2 and 562% from Q1. This growth highlights the rising interest in wireless audio solutions, as WiSA aims to educate consumers on its certified products, ultimately positioning itself as a leading association in the home cinema category.
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