Wisa Tech Stock Price, News & Analysis

WiSA partners with Realtek to integrate its high-performance spatial audio technology into Realtek's 5GHz IoT audio platform, enhancing smart devices with immersive audio capabilities. This collaboration aims to create a cost-effective IoT module that delivers uncompressed, high-definition audio streams. Samples are expected in 2022. The partnership aligns with WiSA's strategy to expand its market presence in the spatial audio sector, leveraging Realtek's extensive customer base and semiconductor expertise.

Summit Wireless Technologies (NASDAQ: WISA) reported preliminary revenue of approximately $2 million for Q4 2021, marking a substantial increase of over 90% year-over-year. Total revenue for 2021 is estimated at $6.5 million, a rise of more than 170% compared to 2020. The company's growth is fueled by its spatial audio technology and the WiSA Wave program, which attracted nearly 1 million visitors in Q4 alone. As of December 31, 2021, cash and cash equivalents stand at about $13.1 million.

WiSA, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), has launched a new website to enhance product promotion and market expansion, particularly in Europe and China. The new site follows significant web traffic growth, with nearly 1 million visitors in Q4 2021 and 2 million throughout 2021. WiSA anticipates traffic will increase to 3-5 million in 2022. Key achievements include the launch of the WiSA Certified Retailer Program and ongoing consumer education initiatives.

WiSA, LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), announced that its immersive sound module has been integrated into TCL’s X925 Pro 8K Mini-LED Smart Screen. This technology enables wireless connections to external speakers for superior audio quality. Ellen Wang, TCL’s R&D Director, highlighted the module's role in delivering an immersive experience. The TCL X925 Pro has previously won the ‘Best of Innovation’ award at CES 2022 for its advanced features. WiSA promotes spatial audio solutions in collaboration with leading consumer electronics firms.

Summit Wireless Technologies (NASDAQ: WISA) has announced a partnership with Espressif Systems to create a 2.4GHz wireless audio module named Discovery, designed for cost-effective and reliable audio transmission for sound bars and smart TVs. The module supports four independent 48kHz audio channels and meets video lip-sync requirements. It features Dynamic Network Optimization for enhanced reliability and will be showcased at CES 2022 in Las Vegas from January 5-7, with evaluation kits available later in January.

Summit Wireless Technologies, Inc. (NASDAQ: WISA) has appointed David M. Howitt, an expert in consumer branding and CEO of Meriwether Group, to its board of directors, increasing the total membership to eight. Howitt brings over 20 years of experience working with well-known brands like adidas and Voodoo Donuts, which could enhance Summit's strategies for developing its wireless audio technology. CEO Brett Moyer emphasized Howitt's potential contributions to building Summit into a global brand for wireless audio systems.

WiSA LLC, associated with Summit Wireless Technologies (NASDAQ: WISA), announces PIEGA's launch of the WiSA Certified™ Ace Wireless Series speakers. This compact all-in-one system features advanced design, offering wireless multichannel support up to 7.1. The series integrates easily with WiSA Ready TVs and includes streaming services like Spotify and Chromecast. It consists of ACE 50 Wireless, ACE 30, and ACE Center Wireless, designed for premium sound quality. With a growing roster of WiSA Certified products, PIEGA emphasizes seamless audio integration in home environments.

Summit Wireless Technologies (NASDAQ: WISA) reported significant growth in Q3 2021, with revenues surging 198% to $1.8 million and gross margins improving to 28%. The company anticipates full-year revenues between $6.3 million and $6.5 million, a 160% increase from 2020. Seven national retailers now feature WiSA storefronts, driving consumer engagement. Despite these advancements, operating expenses rose to $3.4 million and the net loss narrowed to $2.1 million. Cash reserves enhanced to $16.1 million, supporting future growth initiatives.