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 Technologies (NASDAQ: WISA) reported strong Q3 2024 results with revenue reaching $1.2 million, up 52% from Q3 2023 and 240% from Q2 2024. The growth was primarily driven by a $0.7 million increase in Components sales, partially offset by a $0.3 million decrease in Consumer Audio Product sales. Gross margin improved to 19% compared to -217% in Q3 2023. The company reported $3.9 million in cash as of September 30, 2024. WiSA E technology is now shipping in media boxes with Android OS and is expected to be in stores for Christmas, with plans to expand into Linux implementations in 2025.
WiSA Technologies (NASDAQ: WISA) has announced its upcoming third quarter 2024 results conference call, scheduled for November 15, 2024, at 8:00 am PT / 11:00 am ET. The company, which has entered a definitive agreement to acquire assets of Data Vault Holdings, will host the call via webcast with dial-in options available for both domestic and international participants. A replay will be accessible for 90 days via webcast and through November 22, 2024, via telephone. The Q3 2024 results presentation will be available on the company's website under the Investors section. The proposed asset purchase, announced on September 4, 2024, is expected to close in Q1 2025, subject to stockholder approval.
Data Vault Holdings has received three new patents and one allowance from the US Patent Office for its Web 3.0 data, blockchain, and AI technologies. The patents cover blockchain-driven data scoring, secure token systems, and brain-computer interface technologies. These patents are part of the asset purchase agreement with WiSA Technologies (NASDAQ: WISA), announced on September 4, 2024. The deal, expected to close in Q1 2025, includes Datavault® and ADIO® IP assets.
The patents align with growing markets: the Data Monetization Market is projected to reach $17 billion by 2031, while the neurology market is expected to hit $71 billion by 2033.
Data Vault Holdings has launched DVHolo, a next-generation hologram product suite powered by ADIO® and developed with HYPERVSN. The company, which has agreed to sell its Datavault® and ADIO® assets to WiSA Technologies (NASDAQ: WISA), introduces this technology for advertising, signage, and live events. DVHolo offers significant advantages including 40% longer viewing times compared to traditional 2D signage, double the visibility of holographic images, and up to 40% increase in sales of promoted products. The global holographic display market is projected to reach $23 billion by 2032.
WiSA Technologies (NASDAQ: WISA) has pre-announced Q3 2024 revenue estimated at $1.0 million to $1.2 million, representing over 200% sequential growth from Q2 2024's $0.3 million. This growth is driven by sales of WiSA's multichannel wireless audio technology, including WiSA HT and the new WiSA E IP. A multi-national licensee has begun shipping products integrating WiSA E software and modules, triggering royalty payments and additional revenue from WiSA E-enabled receiver module sales.
WiSA has secured five WiSA E licensing agreements to date, aiming for eight by the end of 2024. The company is positioning itself to penetrate multiple end markets through top-tier licensing partners, expanding premium audio experiences across devices. WiSA plans to file its Q3 2024 Form 10-Q on November 14, 2024, with an investor conference call scheduled for the following morning.
WiSA Technologies, Inc. (NASDAQ: WISA) has appointed Stanley Mbugua as Vice President of Finance, effective September 30, 2024. He will also assume the role of Chief Accounting Officer on November 30, 2024. Mbugua, 54, brings extensive experience from multinational technology companies, having previously served as Chief Accounting Officer at Presto Automation, Inc. and Skillz, Inc.
As part of his appointment, Mbugua was granted 70,000 shares of restricted stock as an inducement, vesting over a 36-month period starting December 20, 2024. CEO Brett Moyer expressed confidence in Mbugua's ability to shape WiSA's financial future during this transitional phase aimed at significant growth.
Data Vault Holdings has partnered with CLEAR, a security identity platform, to enhance its Know Your Customer (KYC) solution. This collaboration aims to address growing KYC needs, particularly in the NIL (Name, Image, Likeness) era. By integrating CLEAR's technology, Data Vault Holdings will improve security, compliance, and trust for new user accounts, especially in securing NIL rights and financial transactions.
The partnership is timely, as global AML and KYC spending is projected to grow from $3.1 billion in 2023 to $6.8 billion by 2028, with a CAGR of 17%. This collaboration will combine Data Vault Holdings' digital twinning and data monetization technology with CLEAR's identity verification platform, enhancing KYC accuracy and efficiency across various sectors.
Notably, Data Vault Holdings is under a definitive asset purchase agreement to sell its Datavault® and ADIO® IP and IT assets to WiSA Technologies, Inc. (NASDAQ: WISA). The closing of this transaction is expected before December 31, 2024, subject to customary conditions and stockholder approval.
Data Vault Holdings, Inc.®, under a definitive asset purchase agreement with WiSA Technologies, Inc. (NASDAQ: WISA), has launched VerifyU, a blockchain-based academic credential verification platform, in collaboration with Arizona State University (ASU). VerifyU offers secure, real-time verification of academic credentials, addressing the needs of students, educational institutions, and employers.
Key points:
- ASU is the first to utilize VerifyU's blockchain and AI technology
- Datavault aims to license VerifyU to 20-30 educational institutions in 2025
- The global education verification service market is projected to reach $177 billion by 2030
- VerifyU plans to charge students a one-time fee for lifetime access
- Revenue will be shared between Datavault and participating universities
Datavault Holdings, Inc.®, set to be acquired by WiSA Technologies, Inc. (NASDAQ: WISA), will present at the New York Scientific Data Summit (NYSDS) 2024 on September 16-17. The company will showcase its PhytoIntel platform, focusing on Digital Twin technologies for bioenergy crop optimization. CEO Nathaniel Bradley will discuss advancements in Bioenergy Digital Twins. The summit features experts from various sectors, exploring topics like model accuracy and machine learning integration. McKinsey projections highlight the growing importance of Digital Twins, forecasting a 60% annual market growth to $73.5 billion by 2027. The technology is becoming important for supply chain transformation and advanced industries.
WiSA Technologies, Inc. (NASDAQ: WISA) announces its participation in the 2024 Gaming, Media & Entertainment Virtual Conference, presented by Maxim Group on Tuesday, September 17th, 2024, at 9 am ET. CEO Brett Moyer and Data Vault CEO Nate Bradley will represent the company. This follows WiSA's recent announcement of a definitive agreement to acquire assets of Data Vault Holdings, Inc.®, aiming to form a data technology & licensing company.
The virtual conference will be hosted on M-Vest.com, requiring membership registration to attend. WiSA's asset purchase agreement with Data Vault Holdings Inc.® is expected to close before December 31, 2024, subject to stockholder approval and customary conditions. Investors can access more information and presentation materials on WiSA Technologies' website.