Breaking News

Over a month ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Syndicate
WiSA Technologies files $50M mixed securities shelf  09:53
09/01/22
09/01
09:53
09/01/22
09:53
WISA

WiSA Technologies

/

+

 
ShowHide Related Items >><<
WISA WiSA Technologies
/

+

08/16/22 H.C. Wainwright
WiSA Technologies price target lowered to $2 from $5.50 at H.C. Wainwright
WISA WiSA Technologies
/

+

Recommendations
WiSA Technologies price target lowered to $2 from $5.50 at H.C. Wainwright » 07:39
08/16/22
08/16
07:39
08/16/22
07:39
WISA

WiSA Technologies

/

+

H.C. Wainwright analyst…

H.C. Wainwright analyst Kevin Dede lowered the firm's price target on WiSA Technologies to $2 from $5.50 and keeps a Buy rating on the shares. Following the company's June quarter report, he has reduced his FY22 top line estimate to $4.7M from $8.5M, but is leaving his $15.0M FY23 sales estimate stand given the number of projects under WiSA's newer WiSA DS and WiSA E technology, Dede tells investors.

ShowHide Related Items >><<
WISA WiSA Technologies
/

+

Earnings
Summit Wireless reports Q2 revenue $900K , consensus 1.03M » 07:11
08/15/22
08/15
07:11
08/15/22
07:11
WISA

WiSA Technologies

/

+

Reports Q2 revenue $900K,…

Reports Q2 revenue $900K, consensus $."As anticipated, Q2 2022 revenue rebounded 67% from Q1 2022, and we expect an additional sequential revenue boost in Q3 2022. While it is difficult to predict end market consumer spending in the all-important Fall season, we expect sequential revenue growth for the remainder of 2022," said Brett Moyer, CEO, President, and Chairman of WiSA Technologies. At June 30 , cash and cash equivalents were $4.8M.

ShowHide Related Items >><<
WISA WiSA Technologies
/

+

Over a quarter ago
Earnings
WiSA Technologies reports Q1 revenue $600K, consensus $1.4M. » 07:05
05/11/22
05/11
07:05
05/11/22
07:05
WISA

WiSA Technologies

/

+

Q1 2022 gross margin was…

Q1 2022 gross margin was 11%, compared to 26% in Q1 2021 and 30% in Q4 2021. Gross margin in Q1 2022 was primarily impacted by lower sales volumes. "As anticipated, supply chain issues and normal seasonality impacted Q1 2022," said Brett Moyer, CEO, President, and Chairman of WiSA Technologies. "Ordering trends are moving higher, and we expect a sequential increase in revenue along with improved gross margin in Q2 2022 with continued momentum driving higher revenue in the second half of 2022 compared to the first half of 2022. WiSA DS and WiSA E products will comprise a growing percentage of our sales mix as we penetrate larger and faster growing segments of the immersive sound market." "As we communicated in our Q4 2021 announcement, Q1 2022 revenue declined from Q4 2021 as supply chain issues worked their way through customers' end markets. Going forward, we expect Q2 2022 revenue to rebound from Q1 2022 and continue to anticipate substantial revenue growth for the full year," said Brett Moyer, CEO, President, and Chairman of WiSA Technologies. "Our depth of next generation IP positions us to monetize our product portfolio in the fastest growing and expanding segments. With price competitive and comprehensive solutions, we expect to capture significant market share in the middle and low-end markets in speakers and soundbars," said Moyer. "To that end, we are actively working WiSA DS through the technical evaluation and sale cycle and have begun design work with multiple companies, which we expect will lead to revenue contributions from WiSA DS in 2H 2022."

ShowHide Related Items >><<
WISA WiSA Technologies
/

+

WISA WiSA Technologies
/

+

Earnings
Summit Wireless sees FY22 revenue up 30%-50%, consensus $14.28M » 07:10
03/11/22
03/11
07:10
03/11/22
07:10
WISA

WiSA Technologies

$1.26 /

+0.045 (+3.72%)

Sees FY22 gross margin…

Sees FY22 gross margin 28%-30%. The company said the company has sufficient cash to execute its business plan through 2022. "Coming off record revenues in the fourth quarter and full year 2021, supply chain issues and normal seasonality are impacting the start of 2022," said Brett Moyer, CEO, president, and chairman of WiSA Technologies, Inc. "As inventories are worked down and ordering trends recover, we expect a strong rebound in revenue in the second half of 2022 compared to the first half of 2022. In addition, new products in expanded market segments will be driving business momentum in 2022, and we expect orders to significantly accelerate during the summer and throughout the rest of the year."

ShowHide Related Items >><<
WISA WiSA Technologies
$1.26 /

+0.045 (+3.72%)

WISA WiSA Technologies
$1.26 /

+0.045 (+3.72%)

WISA WiSA Technologies
$1.26 /

+0.045 (+3.72%)

Earnings
Summit Wireless reports Q4 revenue $2M, consensus $1.96M » 07:08
03/11/22
03/11
07:08
03/11/22
07:08
WISA

WiSA Technologies

$1.26 /

+0.045 (+3.72%)

Reports Q4 gross margin…

Reports Q4 gross margin 30%. "Full year 2021 revenue of $6.54 million was up 172% vs. 2020, and Q4 2021 marked our sixth consecutive quarter of revenue increases, as previously announced," said Brett Moyer, CEO, president, and chairman of WiSA Technologies, Inc. "We begin 2022 well-positioned in the marketplace, and our plans anticipate substantial revenue growth during the year."

ShowHide Related Items >><<
WISA WiSA Technologies
$1.26 /

+0.045 (+3.72%)

WISA WiSA Technologies
$1.26 /

+0.045 (+3.72%)

WISA WiSA Technologies
$1.26 /

+0.045 (+3.72%)

Hot Stocks
Summit Wireless's WISA to partner with Realtek on new audio module » 20:04
01/19/22
01/19
20:04
01/19/22
20:04
WISA

WiSA Technologies

$1.22 /

-0.05 (-3.94%)

WiSA, LLC, a wholly-owned…

WiSA, LLC, a wholly-owned subsidiary of Summit Wireless, "will integrate WiSA's multichannel spatial audio capabilities into Realtek's 5GHz IoT chip feature set. The partnership will culminate in a cost-effective IoT module capable of delivering uncompressed, high-definition spatial audio streams for an unparalled immersive audio experience."

ShowHide Related Items >><<
WISA WiSA Technologies
$1.22 /

-0.05 (-3.94%)

WISA WiSA Technologies
$1.22 /

-0.05 (-3.94%)

WISA WiSA Technologies
$1.22 /

-0.05 (-3.94%)

WISA WiSA Technologies
$1.22 /

-0.05 (-3.94%)

Earnings
Summit Wireless sees Q4 revenue $2M, consensus $1.89M » 07:21
01/18/22
01/18
07:21
01/18/22
07:21
WISA

WiSA Technologies

$1.34 /

+0.03 (+2.29%)

Summit Wireless…

Summit Wireless Technologies reported that preliminary revenue for the fourth quarter ended December 31 is expected to be approximately $2.0M, bringing the full year 2021 preliminary revenue to $6.5M. "Summit's spatial audio technology and the WiSA Wave program are driving our growth, as Q4 delivered our sixth consecutive quarter of revenue increases and our first quarter of $2.0 million in revenue," said Brett Moyer, CEO, President, and Chairman of Summit Wireless Technologies. "During the fourth quarter, the Wave attracted nearly 1 million consumers to the websites. Thus, the full year visitor count exceeded 2 million, up over 445% up from 365,800 in 2020. Building WiSA's technology brand with consumers and the retail channel is accelerating with each visitor to our websites, to WiSA storefronts, and to certified product pages thereby building a strong foundation for launching new technologies this year." Consensus for FY21 revenue is $6.44M.

ShowHide Related Items >><<
WISA WiSA Technologies
$1.34 /

+0.03 (+2.29%)

WISA WiSA Technologies
$1.34 /

+0.03 (+2.29%)

WISA WiSA Technologies
$1.34 /

+0.03 (+2.29%)

WISA WiSA Technologies
$1.34 /

+0.03 (+2.29%)

Earnings
Summit Wireless lowers FY21 revenue view to $6.3M-$6.5M from $6.5M-$7.0M » 06:05
11/10/21
11/10
06:05
11/10/21
06:05
WISA

WiSA Technologies

$2.90 /

+0.24 (+9.02%)

Consensus for FY21…

Consensus for FY21 revenue is $6.85M. Customers' component shortages have required some customer product redesigns, causing rescheduling associated with approximately $0.5M of Summit Wireless revenue. Gross margin is now expected to be 28.0%-30.0%, improving 1,000 basis points or more from 18% for 2020. Operating expense is now expected to be approximately $13.4M, including approximately $1.4M of non-cash charges. Cash and cash equivalents at December 31, 2021 are now expected to be $13M, compared to $7.4M at December 31, 2020.

ShowHide Related Items >><<
WISA WiSA Technologies
$2.90 /

+0.24 (+9.02%)

WISA WiSA Technologies
$2.90 /

+0.24 (+9.02%)

01/13/21 H.C. Wainwright
Summit Wireless price target raised to $5.50 from $3.50 at H.C. Wainwright
12/14/20 H.C. Wainwright
Summit Wireless initiated with a Buy at H.C. Wainwright
WISA WiSA Technologies
$2.90 /

+0.24 (+9.02%)

WISA WiSA Technologies
$2.90 /

+0.24 (+9.02%)

WISA WiSA Technologies
$2.90 /

+0.24 (+9.02%)

Earnings
Summit Wireless reports Q3 revenue $1.8M, consensus $2.01M » 06:03
11/10/21
11/10
06:03
11/10/21
06:03
WISA

WiSA Technologies

$2.90 /

+0.24 (+9.02%)

Q3 net loss was $2.1M,…

Q3 net loss was $2.1M, including a $0.9M benefit related to the Paycheck Protection Program loan forgiveness, vs. $3.0M in 3Q20. "This holiday season, our team is aggressively working to drive sales of the WiSA category of products with consumers and national retailers," said CEO Brett Moyer. "We expect to surpass 2 million WiSA visitors to our websites which builds awareness of WiSA's simplicity and high performance in TVs and Speakers. Seven national retailers are highlighting the category as certified resellers with WiSA storefronts. Using our analytics, we have targeted retail campaigns matching WiSA consumers with retailers offering promotions on speaker systems, TVs, and bundles of TVs and speakers giving consumers true spatial surround sound that a soundbar cannot deliver. We are actively investing in our new strategic marketing team, expanded online storefronts initiative, and engineering for next-gen technology that we expect to further our leadership in the spatial surround sound market."

ShowHide Related Items >><<
WISA WiSA Technologies
$2.90 /

+0.24 (+9.02%)

WISA WiSA Technologies
$2.90 /

+0.24 (+9.02%)

01/13/21 H.C. Wainwright
Summit Wireless price target raised to $5.50 from $3.50 at H.C. Wainwright
12/14/20 H.C. Wainwright
Summit Wireless initiated with a Buy at H.C. Wainwright
WISA WiSA Technologies
$2.90 /

+0.24 (+9.02%)

WISA WiSA Technologies
$2.90 /

+0.24 (+9.02%)

WISA WiSA Technologies
$2.90 /

+0.24 (+9.02%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.