Welcome to our dedicated page for Wisa Tech news (Ticker: WISA), a resource for investors and traders seeking the latest updates and insights on Wisa Tech stock.
The news feed for WiSA Technologies, Inc. (formerly trading under the symbol WISA and now operating as Datavault AI Inc. with Nasdaq symbol DVLT) captures the company’s transition from a wireless audio specialist to a data technology and licensing business focused on Web 3.0 asset monetization. Company press releases describe how Datavault AI integrates data sciences and acoustic sciences under its Data Science and Acoustic Science divisions, highlighting both corporate developments and technology deployments.
Readers following WISA-related news can expect updates on Datavault AI’s projects involving blockchain data monetization, digital twins, and licensing of name, image and likeness (NIL) through its Information Data Exchange® (IDE) platform. Announcements also cover the use of ADIO® inaudible tone technology for geo-targeted messaging and public safety campaigns, as well as collaborations with organizations such as NFL Alumni Health and other partners in sports and entertainment.
Another recurring theme in the company’s news is the evolution of its wireless and spatial audio capabilities. Releases describe WiSA multichannel wireless audio software, interoperability agreements with system-on-chip providers for Android and Linux-based streaming A/V platforms, and demonstrations of WiSA E-based reference designs and SoundSend E transmitters at major industry events. These stories illustrate how the Acoustic Science division continues to apply WiSA® and Sumerian® brands to consumer electronics, live events and immersive media.
Investors and observers can also find coverage of financing transactions, asset acquisitions, interoperability licenses, and corporate rebranding milestones in the company’s news flow. For those researching the historical WISA ticker, this news page offers context on how the business has expanded from semiconductor-based wireless audio solutions into broader Web 3.0 data and acoustic technologies under the Datavault AI identity.
WiSA LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), has launched the WiSA SoundSend TV application for Android OS. This app allows users to control WiSA audio systems via their TV remote, simplifying setup and enhancing user experience. The application is compatible with various TV brands, including Sony and Panasonic, potentially reaching over 50 million TVs. With projections to connect to over 1 billion TVs by year-end, this innovation aims to ease consumer access to WiSA Certified speaker systems, enhancing the home cinema audio experience.
Summit Wireless Technologies, Inc. (Nasdaq: WISA) will join the Russell Microcap® Index effective June 25, highlighting its growth in wireless sound technology for entertainment systems. This inclusion, which lasts for one year, enhances visibility among investors, as Russell indexes are benchmarks for around $10.6 trillion assets. CEO Brett Moyer noted this development builds on strong first-quarter momentum. The firm collaborates with major brands like Samsung and Microsoft, providing immersive audio solutions for various entertainment sectors.
Summit Wireless Technologies, Inc. (Nasdaq: WISA) has announced that its President and CEO, Brett Moyer, will present at two upcoming conferences. The first will be at the Rocky Mountain Microcap Conference VII on May 26 at 12:56pm ET, and the second at the LD Micro Invitational XI on June 9 at 2:00pm ET. Presentation materials and webcasts will be available on the company's Investor Relations page. Summit Wireless specializes in immersive wireless sound technology for next-gen home entertainment systems, collaborating with major brands like Harman International and LG Electronics.
Summit Wireless Technologies (NASDAQ: WISA) reported Q1 2021 revenue of $1.2 million, a 181% increase from Q1 2020. Gross margin rose to 25.6%, up from 15.3% a year prior. Operating expenses for the quarter were $3.0 million. The company anticipates Q2 revenue growth exceeding 250% year-over-year and expects higher gross margins. Notable partnerships include brands like LG and Bang & Olufsen, with new product launches enhancing its market presence. Summit also projects over 1 million website visitors in 2021, signaling strong consumer interest.
Summit Wireless Technologies (NASDAQ: WISA) announces that its member, Onkyo Home Entertainment, has launched the WiSA Certified™ SOUND SPHERE audio system. This product includes the WiSA SoundSend wireless audio transmitter, allowing for flexible system bundling in 2.1, 3.1, and 5.1 options. The SOUND SPHERE aims to enhance home audio experiences, providing immersive, theater-quality sound with easy setup. It supports Dolby Atmos Height Virtualizer and allows for low-latency wireless audio transmission.
Summit Wireless Technologies (Nasdaq: WISA) has appointed Wendy Wilson to its board of directors as of May 10, 2021, while thanking Jonathan Gazdak for his service; he will remain an advisor. CEO Brett Moyer highlighted Wilson's extensive experience in digital marketing, with notable roles at firms like Disney and Yahoo, as beneficial for enhancing consumer awareness of their wireless immersive sound technology. Wilson expressed enthusiasm about the company's WiSA Wave marketing program, which is gaining momentum in the industry.
WiSA LLC, associated with Summit Wireless Technologies (NASDAQ: WISA), unveiled the Beolab 28 high-resolution wireless stereo speakers by Bang & Olufsen. These WiSA Certified™ speakers offer 1250 watts of power and a frequency range of 27Hz to 23kHz, designed for versatile placement and easy setup for enhanced cinematic sound. The speakers support multiple streaming services and feature active room compensation for optimal audio playback. WiSA continues to promote interoperability among its member brands, enriching the consumer audio experience.
Summit Wireless Technologies, Inc. (NASDAQ: WISA) will hold a conference call on May 12, 2021, at 8:30 a.m. PT / 11:30 a.m. ET to discuss its first quarter results. Interested participants can join the live broadcast by calling 877-423-9813 or 201-689-8573, using code 13718663. An audio archive will be available for one week after the call. Summit Wireless is known for its immersive wireless sound technology and partners with major brands like Harman, LG, and Xbox to enhance home entertainment experiences.
WiSA LLC, founded by Summit Wireless Technologies (NASDAQ: WISA), reports significant growth in website traffic due to the WiSA Wave Marketing Program. Launched in 2020, this initiative has driven nearly 140,000 visitors to member and retailer websites in Q1 2021—a 234% increase from Q1 2020. WiSA forecasts reaching one million visitors in 2021. The program enhances consumer awareness and supports members like LG and Harman Kardon in distributing WiSA Certified products, contributing to rising sales and market exposure, essential for growth in the wireless home cinema market.
WiSA LLC, a subsidiary of Summit Wireless Technologies (NASDAQ: WISA), has launched the Lithe Audio WiSA Certified™ Pro Series in-ceiling speaker, priced at £699.98 and aimed at the custom installation market for Dolby Atmos systems. The Pro Series is notable for its wireless functionality requiring only power to operate and is compatible with other WiSA member brands. This product, recognized as a ‘Best New Hardware’ winner at the 2020 CEDIA awards, demonstrates WiSA's commitment to enhancing home cinema experiences with high-performance audio technologies.