WiSA Technologies Pre-Announces Q3 2024 Sequential Revenue Growth of Over 200% as WiSA E IP Licensee Begins Product Shipments
WiSA Technologies (NASDAQ: WISA) has pre-announced Q3 2024 revenue estimated at $1.0 million to $1.2 million, representing over 200% sequential growth from Q2 2024's $0.3 million. This growth is driven by sales of WiSA's multichannel wireless audio technology, including WiSA HT and the new WiSA E IP. A multi-national licensee has begun shipping products integrating WiSA E software and modules, triggering royalty payments and additional revenue from WiSA E-enabled receiver module sales.
WiSA has secured five WiSA E licensing agreements to date, aiming for eight by the end of 2024. The company is positioning itself to penetrate multiple end markets through top-tier licensing partners, expanding premium audio experiences across devices. WiSA plans to file its Q3 2024 Form 10-Q on November 14, 2024, with an investor conference call scheduled for the following morning.
WiSA Technologies (NASDAQ: WISA) ha pre-annunciato i ricavi del Q3 2024 stimati tra $1,0 milioni e $1,2 milioni, rappresentando oltre 200% di crescita sequenziale rispetto ai $0,3 milioni del Q2 2024. Questa crescita è sostenuta dalle vendite della tecnologia audio wireless multicanale di WiSA, inclusi WiSA HT e il nuovo WiSA E IP. Un licenziatario multinazionale ha iniziato a spedire prodotti che integrano il software e i moduli WiSA E, attivando pagamenti di royalty e ulteriori ricavi dalle vendite dei moduli riceventi abilitati WiSA E.
WiSA ha ottenuto cinque accordi di licenza WiSA E fino ad oggi, con l'obiettivo di arrivare a otto entro la fine del 2024. L'azienda si sta posizionando per penetrare in più mercati finali tramite partner di licenza di alto livello, espandendo le esperienze audio premium su più dispositivi. WiSA prevede di presentare il suo modulo Form 10-Q del Q3 2024 il 14 novembre 2024, con una conferenza telefonica per gli investitori programmata per la mattina successiva.
WiSA Technologies (NASDAQ: WISA) ha anunciado preliminarmente los ingresos del Q3 2024 estimados entre $1,0 millones y $1,2 millones, lo que representa un crecimiento secuencial de más del 200% respecto a los $0,3 millones del Q2 2024. Este crecimiento es impulsado por las ventas de la tecnología de audio inalámbrica multicanal de WiSA, incluidos WiSA HT y el nuevo WiSA E IP. Un licenciatario multinacional ha comenzado a enviar productos que integran el software y los módulos WiSA E, activando pagos de regalías y ingresos adicionales por las ventas de módulos receptores habilitados para WiSA E.
Hasta la fecha, WiSA ha asegurado cinco acuerdos de licencia de WiSA E, con el objetivo de alcanzar ocho para finales de 2024. La compañía se está posicionando para penetrar en múltiples mercados finales a través de socios de licencia de primer nivel, ampliando las experiencias de audio premium en varios dispositivos. WiSA planea presentar su Formulario 10-Q del Q3 2024 el 14 de noviembre de 2024, con una conferencia telefónica para inversores programada para la mañana siguiente.
WiSA 기술(NASDAQ: WISA)은 2024년 3분기 수익을 사전 발표했습니다. 이는 100만 달러에서 120만 달러로 추정되며, 2024년 2분기의 30만 달러에 비해 200% 이상의 순차적 성장을 나타냅니다. 이러한 성장은 WiSA의 다채널 무선 오디오 기술의 판매에 의해 주도되며, WiSA HT 및 새로운 WiSA E IP를 포함합니다. 다국적 라이센스 사용자가 WiSA E 소프트웨어 및 모듈을 통합한 제품을 운송하기 시작했고, 이는 로열티 지급 및 WiSA E 지원 수신기 모듈의 추가 수익을 촉발하고 있습니다.
현재까지 WiSA는 5개의 WiSA E 라이센스 계약을 체결했으며, 2024년 말까지 8개에 도달할 목표를 가지고 있습니다. 이 회사는 최고급 라이센스 파트너를 통해 여러 최종 시장에 침투하기 위해 스스로를 포지셔닝하고 있으며, 다양한 기기에서 프리미엄 오디오 경험을 확장하고 있습니다. WiSA는 2024년 11월 14일에 2024년 3분기 Form 10-Q를 제출할 계획이며, 그 다음 날 아침에 투자자 컨퍼런스 콜이 예정되어 있습니다.
WiSA Technologies (NASDAQ: WISA) a préannoncé des revenus pour le 3ème trimestre 2024 estimés entre 1,0 million et 1,2 million de dollars, représentant plus de 200 % de croissance séquentielle par rapport aux 0,3 million de dollars du 2ème trimestre 2024. Cette croissance est tirée par les ventes de la technologie audio sans fil multicanal de WiSA, y compris WiSA HT et le nouveau WiSA E IP. Un licencié multinational a commencé à expédier des produits intégrant le logiciel et les modules WiSA E, déclenchant des paiements de redevances et des revenus supplémentaires provenant des ventes de modules récepteurs compatibles WiSA E.
À ce jour, WiSA a sécurisé cinq accords de licence WiSA E, avec pour objectif d'atteindre huit d'ici la fin de 2024. L'entreprise se positionne pour pénétrer plusieurs marchés finaux par le biais de partenaires de licence de premier plan, élargissant les expériences audio haut de gamme sur plusieurs appareils. WiSA prévoit de déposer son formulaire 10-Q pour le 3ème trimestre 2024 le 14 novembre 2024, avec une conférence téléphonique pour les investisseurs prévue le lendemain matin.
WiSA Technologies (NASDAQ: WISA) hat vorläufige Einnahmen für Q3 2024 angekündigt, die auf 1,0 Millionen bis 1,2 Millionen US-Dollar geschätzt werden und damit ein Wachstum von über 200% im Vergleich zu Q2 2024 mit 0,3 Millionen US-Dollar repräsentieren. Dieses Wachstum wird durch den Verkauf der multichannel-freien Audiotechnologie von WiSA, einschließlich WiSA HT und dem neuen WiSA E IP, angeheizt. Ein multinationaler Lizenznehmer hat begonnen, Produkte zu versenden, die WiSA E-Software und -Module integrieren, was Lizenzzahlungen und zusätzliche Einnahmen aus dem Verkauf von WiSA E-aktivierten Empfangsmodulen auslöst.
Bis heute hat WiSA fünf WiSA E-Lizenzvereinbarungen gesichert, mit dem Ziel, bis Ende 2024 auf acht zu kommen. Das Unternehmen positioniert sich, um in mehrere Endmärkte über erstklassige Lizenzpartner einzudringen, und erweitert die Premium-Audioerlebnisse über verschiedene Geräte hinweg. WiSA plant, sein Q3 2024-Formular 10-Q am 14. November 2024 einzureichen, mit einer Investoren-Konferenzschaltung, die für den folgenden Morgen geplant ist.
- Estimated Q3 2024 revenue of $1.0-$1.2 million, over 200% sequential growth from Q2
- WiSA E IP licensee begins product shipments, triggering royalty payments
- Five WiSA E licensing agreements secured, aiming for eight by end of 2024
- Expansion into multiple end markets through top-tier licensing partners
- None.
Insights
The preliminary Q3 2024 revenue estimate of
Key points to consider:
- A multinational licensee has begun product shipments integrating WiSA E software and modules, triggering royalty payments and additional revenue from module sales.
- WiSA has secured 5 WiSA E licensing agreements to date, with a goal of 8 by the end of 2024.
- The company is positioning itself in the Android-based HDTV market and building an ecosystem of WiSA E-enabled speaker systems.
While this growth is impressive, investors should note that WiSA is still a small-cap company (
WiSA's WiSA E technology represents a significant advancement in wireless audio transmission. The integration of WiSA E software into source devices and WiSA E modules in speakers creates a seamless, high-quality audio ecosystem. This approach has several technical advantages:
- Utilizes existing Wi-Fi infrastructure, reducing implementation costs
- Enables multi-room audio capabilities
- Supports high-resolution audio formats
- Offers low-latency performance important for audio-video synchronization
The adoption by a multinational licensee validates the technology's market potential. However, the success of WiSA E will depend on its ability to compete with established wireless audio protocols like Bluetooth and other Wi-Fi-based solutions. The company's focus on licensing to HDTV manufacturers could provide a significant advantage in market penetration, potentially making WiSA E a standard feature in future smart TVs and home entertainment systems.
- Preliminary Q3 2024 revenue is estimated at
“In Q3 2024, we expect WiSA to deliver over
“To date, we’ve secured five WiSA E licensing agreements, with a goal of reaching eight by the end of 2024. WiSA has effectively licensed a significant portion of Android-based HDTVs and is actively building an ecosystem of WiSA E-enabled speaker systems. We’re well-positioned to penetrate multiple end markets through top-tier licensing partners, leading the industry by expanding premium audio experiences and fostering a connected ecosystem that enhances the way users enjoy sound across devices,” added Moyer.
Q3 2024 Results and Investor Conference Call
The Company plans to file its Form 10-Q for the third quarter ended September 30, 2024, on November 14, 2024, and will host an investor conference call the following morning.
The estimated revenue information in this press release is preliminary and subject to completion. Such preliminary financial information is the responsibility of management and has been prepared in good faith on a consistent basis with prior periods. However, the Company has not completed its financial closing procedures for the period ended September 30, 2024 and, as such, the preliminary financial information contained herein constitutes forward-looking statements subject to the risks and uncertainties set forth below. Actual results could be materially different from this preliminary financial information. As a result, prospective investors should exercise caution in relying on this information and should not draw any inferences from this information regarding the Company's financial information that is not provided. This preliminary financial information should not be viewed as a substitute for full financial statements prepared in accordance with
About WiSA Technologies, Inc.
WiSA is a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung; LG; Hisense; TCL; Bang & Olufsen; Platin Audio; and others, the company delivers immersive wireless sound experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. WiSA Technologies, Inc. is a founding member of WiSA™ (the Wireless Speaker and Audio Association) whose mission is to define wireless audio interoperability standards as well as work with leading consumer electronics companies, technology providers, retailers, and ecosystem partners to evangelize and market spatial audio technologies driven by WiSA Technologies, Inc. The company is headquartered in
Safe Harbor Statement
This press release contains forward-looking statements, which are not historical facts, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements, including the estimated revenue for the third fiscal quarter of 2024, the estimated growth in revenue, and the intention to capitalize on additional revenue, licensing and business opportunities are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties, including but not limited to, the continued and successful growth of our business, our ability to capitalize on additional business opportunities; risks related to our current liquidity position and the need to obtain additional financing to support ongoing operations, our ability to continue as a going concern, our ability to maintain the listing of our common stock on Nasdaq and other drivers, our ability to predict the timing of design wins entering production and the potential future revenue associated with design wins, the ability to predict customer demand for existing and future products and to secure adequate manufacturing capacity, consumer demand conditions affecting customers’ end markets, the ability to hire, retain and motivate employees, the effects of competition, including price competition, technological, regulatory and legal developments, and developments in the economy and financial markets and other risks identified from time to time in the Company’s Securities and Exchange Commission (“SEC”) reports, including the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed with the SEC. The Company does not undertake or accept any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements to reflect any changes in its expectations or any change in events, conditions or circumstances on which any such statement is based.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241016138867/en/
David Barnard, LHA Investor Relations, 415-433-3777, wisa@lhai.com
Source: WiSA Technologies, Inc.
FAQ
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