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WiSA Technologies, Inc. - WISA STOCK NEWS

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.

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WiSA Technologies announces two new tools, WiSA Server and Product Support Engineering Tool (PEST), to streamline the development and manufacturing of WiSA E and WiSA DS designs. The WiSA Server provides a low-overhead software package that accelerates product integration and ensures interoperability. PEST offers software programming support, tracking and traceability, configuration support, and production test support. These tools aim to reduce development efforts and improve manufacturing efficiency for WiSA customers.
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WiSA Technologies and Sunplus Technology have partnered to develop a multichannel immersive audio System-on-a-Chip (SoC) for the Atmos soundbar market. The collaboration aims to provide high-quality audio functionality at a cost-effective point, simplifying customer design and lowering integration costs. The Sunplus SPA300 SDK will be available in early Q3 2023.
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Hisense's U7K and U8K Series ULED TVs have received WiSA SoundSend Certification, allowing for seamless wireless audio transmission. The TVs feature premium audio enhancements and support for Dolby Atmos immersive audio, providing impeccable entertainment experiences at home. The WiSA SoundSend ensures picture-perfect, tightly synchronized sound from all WiSA HT Certified speakers. Hisense continues to deliver stunning TVs with best-in-class hardware and software, offering outstanding picture and audio.
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WiSA Technologies reported its Q1 2023 financial results, revealing a decrease in revenue and negative gross margin. The company also announced its intention to acquire Comhear, Inc. for enhanced product offerings and strong synergies. WiSA Technologies expects full-year revenue growth in 2023 and a planned acquisition closure in Q3 2023. The company is guiding for full year 2024 revenue in the range of $10 million to $15 million.
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WiSA Technologies, Inc. will host its first quarter 2023 results conference call on May 16, 2023. The call will be available through a live webcast and a telephonic replay will also be available. A presentation of the Q1 2023 results will be accessible on the company's website.
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WiSA Technologies has announced the full repayment of its Senior Secured Convertible Note, originally issued on August 15, 2022. This action is expected to eliminate liens on the company's assets, including its intellectual property. The CEO, Brett Moyer, stated that this milestone enhances the company's operational flexibility and positions WiSA to better leverage its technology and intellectual property within next-generation home entertainment systems.

By removing previous encumbrances, WiSA is set to pursue strategic alternatives more effectively. This development potentially paves the way for increased collaboration with customers and partners in the evolving home entertainment market.

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FAQ

What is the current stock price of WiSA Technologies (WISA)?

The current stock price of WiSA Technologies (WISA) is $1.69 as of December 18, 2024.

What is the market cap of WiSA Technologies (WISA)?

The market cap of WiSA Technologies (WISA) is approximately 13.9M.

What does WiSA Technologies, Inc. specialize in?

WiSA Technologies specializes in wireless sound technology and develops wireless audio integrated circuits for home entertainment and professional audio markets.

Where is WiSA Technologies headquartered?

WiSA Technologies is headquartered in Beaverton, Oregon, USA, with additional offices in San Jose, California, Taiwan, Korea, and Japan.

What is Summit Wireless™ technology?

Summit Wireless™ technology is an award-winning integrated circuit solution by WiSA Technologies that enables high-definition, distortion-free wireless audio transmission.

What types of products integrate WiSA Technologies' solutions?

Products like digital televisions, sound bars, PA systems, AV receivers, Blu-ray players, set-top boxes, and gaming systems integrate WiSA Technologies' wireless audio solutions.

Who are some of WiSA Technologies' partners?

WiSA Technologies partners with consumer electronics companies, technology providers, retailers, and ecosystem partners to enhance the immersive audio experience.

What is the WiSA standard?

The WiSA standard, co-founded by WiSA Technologies, is a standard for interoperability among various audio components, ensuring seamless integration and high-quality audio.

What markets does WiSA Technologies serve?

WiSA Technologies serves home entertainment and professional audio markets, with a geographic presence in Asia Pacific, North America, and Europe.

How does WiSA Technologies distribute its products?

WiSA Technologies distributes its products through the sale of module components to audio companies and offers audio products to resellers and consumers.

What are some recent achievements of WiSA Technologies?

WiSA Technologies' recent achievements include innovations in wireless audio technology and expanding their global footprint in the audio technology sector.

Why is WiSA Technologies significant in the audio industry?

WiSA Technologies is significant for its cutting-edge wireless audio solutions, improving the audio experience with high-definition, distortion-free sound, and fostering interoperability standards.

WiSA Technologies, Inc.

Nasdaq:WISA

WISA Rankings

WISA Stock Data

13.88M
6.07M
20.63%
5.72%
8.69%
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