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.
WiSA Technologies, Inc. (WISA) reported Q4 2022 revenue of $0.9 million, unchanged from Q3 2022, significantly down from $2.0 million in Q4 2021. The gross margin plummeted to 2% from 30% a year ago, attributed to excess inventory and sluggish consumer spending on electronics. The company anticipates $1.1 million lower operating expenses in Q1 2023 due to reduced discretionary spending. Despite current challenges, WiSA expects revenue growth in 2023 driven by new product introductions and replenished inventories. Recent highlights include successful demonstrations of their technology at CES 2023 and ongoing customer interest in their product portfolio.
WiSA Technologies, Inc. (NASDAQ: WISA) announced that Pylon Audio’s Jasper line of loudspeakers has achieved the WiSA HT Interoperability Certification. This certification ensures that Jasper speakers, including the Jasper 25 mkll, Jasper Monitor 18, and Jasper 23, seamlessly integrate with other WiSA-certified products. The speakers are set to be available for purchase in select countries starting March 6. This certification enhances Pylon Audio's commitment to delivering high-definition, multichannel audio experiences.
WiSA Technologies, Inc. (NASDAQ: WISA), known for its spatial wireless sound technology, is set to report its Q4 and full-year 2022 results on March 16, 2023, before market open. A conference call will follow at 8:00 am PT to discuss the results and provide business updates. The call will be accessible via a live webcast or by phone. Replays will be available post-call. The company is a pioneer in immersive sound solutions, collaborating with major brands like LG and Harman International. Further details can be found on the company’s website.
WiSA Association, a subsidiary of WiSA Technologies (NASDAQ: WISA), announced that its member Mesanovic’s CDM65 Controlled Directivity Monitor speaker has received the WiSA HT Interoperability Certification. Scheduled for shipping in May 2023 and currently available for pre-order, the speaker features active three-way digital signal processing and compatibility with various WiSA transmitters. Designed for premium performance, the CDM65 allows users to upload customized sound settings, including a cardioid mode that enhances sound directionality. The speaker can be integrated with the Platin Stereo Hub for versatile connectivity options.
WiSA Technologies, Inc. (NASDAQ: WISA) has completed a registered direct offering of 583,306 shares of common stock and concurrent private placement of warrants, raising approximately
The shares were issued under a previously effective shelf registration statement, while the warrants are unregistered. The Company aims to utilize this capital to enhance its development of spatial audio technologies for smart devices.
WiSA Technologies (NASDAQ: WISA) has announced the shipment of its new WiSA E development kits designed for multichannel audio systems. This software-based, 8-channel immersive audio solution operates on the 5GHz Wi-Fi band, offering low latency and tight synchronization, essential for high-quality audio experiences with Dolby Atmos and DTS-X. The company highlights strong demand from beta customers and positions WiSA E as a plug-and-play module or IP license for easy integration into TV SoC platforms. This innovation aims to enhance the home entertainment experience at an affordable price.
WiSA Technologies, Inc. has announced a registered direct offering of 583,306 shares of common stock and concurrent private placement of warrants to raise approximately
WiSA Technologies, Inc. (NASDAQ: WISA) announced a 1-for-100 reverse stock split approved by its Board of Directors on January 24, 2023. The split will take effect on January 26, 2023, at 5:00 p.m. ET, with trading on a split-adjusted basis beginning January 27, 2023. The new CUSIP number for the common stock will be 86633R302. Shareholders with stock certificates will receive exchange instructions from VStock Transfer, LLC, while those holding shares in brokerage accounts need not take action. This move follows the company’s ongoing efforts to comply with Nasdaq listing standards.
WiSA Technologies, Inc. (NASDAQ: WISA) is set to showcase an innovative Dolby Atmos soundbar system platform at CES 2023 in
WiSA Technologies (NASDAQ: WISA) will showcase its advanced Wi-Fi-compatible multichannel audio technology, WiSA E, at CES 2023 in Las Vegas. This technology supports a six-channel, 5.1 immersive audio configuration, delivering uncompressed 24-bit 48kHz audio with minimal latency. WiSA E aims to meet consumer demand for immersive audio experiences and is expected to launch production-ready modules using the Realtek Ameba Smart chip by Q2 2023. Demonstrations will occur from January 5 to 8, 2023.
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