Wisa Tech Stock Price, News & Analysis

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 $6.2 million. The offering's combined price was $10.68 per share and warrant, with the warrants expiring in five years at an exercise price of $10.49 per share. Maxim Group LLC acted as the placement agent for this transaction.

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 $6.2 million. The offering price is set at $10.68 per share, with warrants exercisable at $10.49. This capital infusion aims to bolster WiSA’s growth in the spatial audio technology market. The offering is expected to close on February 3, 2023, pending customary closing conditions. Maxim Group LLC serves as the exclusive placement agent for this offering.

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 Las Vegas from January 5-7. This platform utilizes WiSA DS technology, enabling member brands to produce soundbars at retail prices starting at $499, anticipated to launch by Q3 2023. The system features a 5.1.4 Dolby Atmos setup, offering ten audio channels, five being wireless. With the rise of Dolby Atmos content, the company expects significant market adoption.

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.

WiSA Technologies, Inc. (NASDAQ: WISA) will showcase its first port of wireless multichannel audio software for Android TV at CES 2023, taking place from January 5-8, 2023, in Las Vegas. This demonstration aims to highlight how embedding WiSA's audio software can provide TV brands with cost-effective, feature-rich wireless audio capabilities, enhancing consumer experience with seamless connectivity to compatible speakers. WiSA's software supports both Android and Linux operating systems and operates over Wi-Fi, scaling from stereo to eight separate audio channels.