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 announced it has regained compliance with Nasdaq's minimum stockholders' equity requirement of $2.5 million. This follows the company's efforts to improve its balance sheet through equity raises and liability reductions. WiSA Technologies raised approximately $9.2 million in net proceeds from securities offerings between April and May 2024, and amended warrants to increase stockholders' equity by $4.5 million.
The company is now subject to a mandatory panel monitor for one year from July 3, 2024. WiSA Technologies also reported signing its fifth WiSA E licensing deal, expanding its presence in the wireless audio market, which is expected to grow to $296 billion by 2030.
WiSA Technologies announced that Buchardt Audio's Sub10 wireless subwoofer has achieved WiSA HT interoperability certification. This certification highlights the Sub10's ability to work seamlessly with other WiSA HT-certified products, providing uncompressed, high-quality sound transmission. The Sub10, which took two years to develop, features a carefully designed subwoofer driver, enclosure, and Hypex amplifier, with app-controlled DSP functions like Room Correction and Manual EQ for enhanced performance and flexibility. This is Buchardt’s fourth WiSA-certified product, following the A500 monitor, Anniversary 10 monitor, and A700 tower.
WiSA Technologies announced the appointment of Kimberly Briskey to its Board of Directors. Briskey, with over 15 years in strategic business and financial management, currently serves as Brand CFO of Eddie Bauer at SPARC Group , managing an $800M multichannel business. She has held senior roles at companies like Lucky Brand, Beyond Yoga, J Brand, and GUESS? INC., and holds degrees from Arizona State University and the Fashion Institute of Design and Merchandising. The company also announced the resignation of Director Lisa Cummins effective June 12, 2024.
WiSA Technologies (Nasdaq: WISA) has reported its Q1 2024 financial results. The company has secured five WiSA E licensing agreements, up from two at the beginning of 2024, and expects to have eight agreements by year-end. The first WiSA E-enabled products are expected to contribute to revenues in the second half of 2024. Additionally, the company anticipates increased revenue from WiSA HT customers in the latter half of the year due to resumed orders. WiSA has bolstered its cash balance to approximately $8 million as of May 20, 2024, to support its growth strategy.
WiSA Technologies (NASDAQ: WISA) reports strong interest from major consumer electronics manufacturers in its WiSA E technology. The company has signed five licensing agreements with prominent brands, and three more are under review. WiSA E is set to launch in the second half of 2024.
WiSA E offers seamless integration across various platforms, including TVs, projectors, and set-top boxes, with no additional BOM cost. It is compatible with major SoCs like MediaTek and Qualcomm, supports Android devices, and works with any Wi-Fi chip. This universal interoperability positions WiSA E as a cost-effective and high-quality solution.
The technology aims to enhance audio experiences across different devices, providing a seamless and immersive sound experience.
WiSA Technologies (NASDAQ: WISA) announced it will host its first quarter 2024 results conference call on May 21, 2024, at 8:00 am PT / 11:00 am ET. The call will be accessible via a live webcast and telephone. The webcast will be available for replay for one year, and a telephonic replay will be available until May 28, 2024. The Q1 2024 results presentation will be posted on the company's website on the same day.
CITECH and WiSA Technologies have announced a strategic partnership to integrate WiSA E software into CITECH's HiFi ROSE media streamers, aiming to offer high-quality wireless multichannel audio to customers. CITECH will showcase their products at the HIGH END audio Show in Munich from May 9-12, 2024. WiSA E technology will be available in the HiFi ROSE media streamers and in receiver modules for partner speaker companies.
WiSA Technologies, Inc. (Nasdaq: WISA) has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). The Company will be monitored until April 29, 2025, to ensure continued compliance.
WiSA Technologies is a leading provider of wireless audio technology for intelligent devices and home entertainment systems, collaborating with major brands to deliver immersive sound experiences. The company is a founding member of WiSA™, working to define wireless audio standards and promote spatial audio technologies.
Optoma’s laser projectors UHZ35ST, UHZ55, and UHZ66 have received WiSA SoundSend Certification, ensuring high-quality audio experiences and seamless integration with WiSA SoundSend wireless audio transmitters. This certification sets a benchmark for excellence in audio experiences, connecting projectors to WiSA Certified speakers for immersive home entertainment across various content types. The WiSA SoundSend is the first branded product from the WiSA Association, offering easy setup and control via a mobile app.
WiSA Technologies, Inc. issued a Letter to Shareholders discussing their innovative wireless audio technology for home entertainment systems. The company highlights their strong R&D foundation, industry recognition, continuous innovation, and the launch of WiSA E technology. They introduce the Propel program to drive revenue growth, profitability, industry leadership, and governance. Key proposals for shareholder approval include a Reverse Stock Split and issuance of shares upon exercise of warrants.
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