Summit Wireless Technologies Inc

WiSA Technologies, Inc. engages in the manufacture of modules which wirelessly transmit and receive audio directly to speakers. Its products include Summit TX-SD, Summit RX-SD, TX Dev Kit, RX Dev Kit, 30 Watt Amp, and DAC board. The company was founded on July 23, 2010 and is headquartered in Beaverton, OR.

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Summit Wireless anticipates growth in 2023 despite revenue decline

Summit Wireless Technologies Inc navigated a challenging financial year with declining revenues but anticipates growth in 2023 driven by new product launches.
Despite investor concerns, the company remains focused on innovation, cost reductions, and strategic partnerships to address financial challenges and drive revenue growth.
Management's acknowledgment of past performance issues and proactive steps to optimize operations and explore partnerships reflect a commitment to enhancing shareholder value.
The company's confidence in product relevance, technology advancements, and market opportunities positions them for potential growth and success in the consumer electronics industry.

WiSA Technologies forecasts revenue growth and strategic acquisition with Comhear

WiSA Technologies anticipates revenue growth through technology investments, new product launches, and the strategic acquisition of Comhear. Despite facing challenges like industry headwinds and operational concerns, WiSA remains focused on leveraging opportunities in the audio market.

WiSA anticipates growth with new wireless technology solutions

WiSA Technologies is optimistic about the future, particularly with the launch of WiSA E and its potential impact on revenue and market positioning.
The company is strategically positioned for growth with a focus on wireless technology and cost-effective solutions.

WiSA Technologies excels in Q3 with innovative audio products

WiSA Technologies demonstrated solid performance in Q3 2023 with revenue growth and positive feedback on their audio products, positioning them well in the market.
The company's strengths lie in innovation, strategic partnerships, and favorable market response, while challenges include market differentiation and operational efficiency.
Opportunities for WiSA include market expansion, partnership growth, and leveraging consumer interest in immersive audio experiences to drive adoption and revenue.

WiSA Technologies reports strong Q1 progress with WiSA E launch

WiSA Technologies is on track for growth with the successful launch of WiSA E and multiple licensing agreements. Challenges include revenue ramp-up and international market launches, but opportunities exist in expanding licenses and leveraging their cash position.

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WiSA Technologies, Inc. engages in the manufacturing of modules which wirelessly transmit and receive audio directly to speakers. Its products include Summit TX-SD, Summit RX-SD, TX Dev Kit, RX Dev Kit, 30 Watt Amp, and DAC board. The company was founded on July 23, 2010 and is headquartered in Beaverton, OR.

After a challenging month and an even harder year, WiSA Technologies (NASDAQ: WISA ) finally has some good news to report. The wireless audio technology developer has spent the entire year in an undeniable race to the bottom, losing more than 97% of its value.

WISA Stock Alert: Why Is WiSA Technologies Up 90% Today?

BEAVERTON, Ore.--(BUSINESS WIRE)--WiSA Technologies, Inc. (Nasdaq: WISA or the “Company”), a developer of spatial audio wireless technology for smart devices and next-generation home entertainment systems, announced today that it is now in compliance with all Nasdaq continued listing requirements.

WiSA Technologies Regains Compliance with Nasdaq Continued Listing Requirements

WiSA Technologies, Inc. (NASDAQ:WISA ) Q4 2022 Earnings Conference Call March 16, 2023 11:00 AM ET Company Participants David Barnard - LHA Investor Relations Brett Moyer - Chairman, President & CEO George Oliva - CFO & Secretary Conference Call Participants Jack Aarde - Maxim Group Kevin Dede - H.C. Wainwright & Co. Ed Woo - Ascendiant Capital Markets James McIlree - Dawson James Securities Operator Welcome to the WiSA Technologies Fourth Quarter and Full Year 2022 Results Conference Call.

WiSA Technologies, Inc. (WISA) Q4 2022 Earnings Call Transcript

BEAVERTON, Ore.--(BUSINESS WIRE)--WiSA Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems, has developed and demonstrated its new WiSA E technology designed to power the next-generation of immersive audio products.

WiSA E Enables TVs to Transmit Multichannel Audio without an HDMI Cable

BEAVERTON, Ore.--(BUSINESS WIRE)---- $WISA #WISA--WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, reported fourth quarter and full year 2022 financial results. In its conference call and presentation to be held on March 16, 8 am pacific time, management will discuss the company's results and provide a business update. “Q4 2022 revenue was $0.

WiSA Technologies Reports Q4 and Full Year 2022 Results

SAN JOSE, Calif.--(BUSINESS WIRE)--WiSA Association, a subsidiary of WiSA Technologies, Inc. (NASDAQ: WISA), announced today that Association member Pylon Audio's Jasper line of loudspeakers has earned the WiSA HT Interoperability Certification. The line, which combines engineering perfection and best-in-class sound, includes the Jasper 25 mkll, Jasper Monitor 18 and Jasper 23, and will be available for purchase in select countries beginning March 6.

Pylon Audio's Jasper Loudspeakers Line Earns WiSA HT Interoperability Certification

WiSA Technologies to Report Fourth Quarter 2022 Results and Host Conference Call on March 16th

Mesanovic's Latest Studio Monitor Speaker Earns WiSA HT Interoperability Certification

BEAVERTON, Ore.--( BUSINESS WIRE )--WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced the closing of its previously announced registered direct offering of 583,306 shares of common stock (or pre-funded warrants in lieu thereof), priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company also issued unregistered warrants to purchase up to an aggregate of 874,959 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and warrant was $10.68. The warrants are immediately exercisable, will expire five years from the issuance date and have an exercise price of $10.49 per whole share.

WiSA Technologies Announces Closing of $6.2 Million Registered Direct Offering and Concurrent Private Placement Priced At-The-Market

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BEAVERTON, Ore.--( BUSINESS WIRE )--WiSA Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems, announces its first shipments of WiSA E development kits to leading audio brands developing multichannel audio systems. Using the 5GHz portion of the Wi-Fi band, WiSA E offers high-performance, high-quality wireless audio transmission and reception at an affordable price.

WiSA Technologies Begins Shipping WiSA E Multichannel Audio Development Kits to Initial Beta Customers

BEAVERTON, Ore.--( BUSINESS WIRE )--WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 583,306 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company also agreed to issue and sell unregistered warrants to purchase up to an aggregate of 874,959 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and warrant is $10.68. The warrants will be immediately exercisable, will expire five years from the issuance date and will have an exercise price of $10.49 per whole share.

WiSA Technologies Announces Pricing of $6.2 Million Registered Direct Offering and Concurrent Private Placement Priced At-The-Market

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WiSA Technologies (NASDAQ: WISA ) stock is rocketing higher on Friday as recent interest in the shares continues today. That has the company's stock seeing heavy pre-market trading with some 26 million shares on the move as of this writing.

Why Is WiSA Technologies (WISA) Stock Up 37% Today?

BEAVERTON, Ore.--( BUSINESS WIRE )--WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced it received a notification letter from Nasdaq Stock Market LLC that the Company has been granted an additional 180-day compliance period, or until June 20, 2023, to regain compliance with Nasdaq's minimum bid price rule. There is no immediate effect on the listing or trading of the Company's Common Stock, which will continue to trade on the Nasdaq Capital Market under the symbol "WISA".

WiSA Technologies Granted Additional 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Requirements

SAN JOSE, Calif.--( BUSINESS WIRE )--Platin Audio today announces its newest surround sound system – Platin Audio Monaco 5.1.2 – is now on display at the B&H Photo Video SuperStore in New York City. Launched in October, Monaco 5.1.2 is the first wireless audio system to incorporate true up-firing speakers, fusing high-quality Dolby Atmos and Dolby Atmos Music processing with state-of-the-art technology to create an immersive home audio experience.

Platin Audio Showcases New Monaco 5.1.2 at B&H Photo Video SuperStore in New York City

BEAVERTON, Ore.--( BUSINESS WIRE )--WiSA Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive wireless sound technology, has launched a new app enabling users of WiSA-enabled devices full control of their multichannel audio experience. The app is designed to work with any source device that uses WiSA HT, or the new WiSA E embedded software solution, including smart TVs, soundbars, and external transmitters such as the WiSA SoundSend. Initially targeting smartphone control of the WiSA SoundSend, the app is designed to be portable to popular smart TV operating systems, including WebOS® (LG), Android TV® (TCL, Hisense, Sony), Samsung's Tizen®, the Amazon's Fire® OS, Roku® OS, and the Vizio Smartcast® operating system.

WiSA Technologies Launches New App Delivering Powerful and Intuitive Control of WiSA-Enabled TVs, Soundbars, and External Transmitters

BEAVERTON, Ore.--( BUSINESS WIRE )--WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced the closing of its previously announced public offering of an aggregate of 50,400,000 units and 3,600,000 pre-funded units at an effective public offering price of $0.14 per unit. Each unit consists of (i) one share of common stock, (ii) one Series A Warrant to purchase one share of common stock, immediately exercisable at a price of $0.14 per share and expiring five years from the date of issuance, and (iii) one Series B Warrant to purchase one share of common stock, immediately exercisable at a price of $0.14 per share and expiring five years from the date of issuance. Each pre-funded unit consists of (i) one pre-funded warrant to purchase one share of common stock, (ii) one Series A Warrant and (iii) one Series B Warrant. The gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, is approximately $7.6 million.

WiSA Technologies Announces Closing of Previously Announced $7.6 Million Public Offering

BEAVERTON, Ore.--( BUSINESS WIRE )--WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced the pricing of its public offering of an aggregate of 50,400,000 units and 3,600,000 pre-funded units at an effective public offering price of $0.14 per unit. Each unit consists of (i) one share of common stock, (ii) one Series A Warrant to purchase one share of common stock, immediately exercisable at a price of $0.14 per share and expiring five years from the date of issuance, and (iii) one Series B Warrant to purchase one share of common stock, immediately exercisable at a price of $0.14 per share and expiring five years from the date of issuance. Each pre-funded unit will consist of (i) one pre-funded warrant to purchase one share of common stock, (ii) one Series A Warrant and (iii) one Series B Warrant. The closing of the offering is expected to occur on or about December 1, 2022, subject to the satisfaction of customary closing conditions. The gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, are expected to be approximately $7.6 million.

WiSA Technologies Announces Pricing of $7.6 Million Public Offering

WiSA Technologies Inc. (WISA) delivered earnings and revenue surprises of -29.17% and 37.53%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

WiSA Technologies Inc. (WISA) Reports Q3 Loss, Lags Revenue Estimates

BEAVERTON, Ore.--( BUSINESS WIRE )--WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, has requested to delay filing its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022. The delay in filing has been requested in consideration of the Company's previously announced and ongoing exploration of strategic alternatives and is not a result of any disagreements with its auditor concerning the financial results. As a result of this delay, the Company has tentatively rescheduled its quarterly results conference call for November 21, 2022.

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