WiSA Technologies (NASDAQ: WISA) announced preliminary Q3 2024 revenue of $1.0 million to $1.2 million, reflecting over 200% sequential growth fueled by sales of its WiSA multichannel wireless audio technology. This growth was supported by the production of WiSA HT and the new WiSA E IP, integrated by one of five current licensees. WiSA anticipates further revenue growth from licensing agreements, with a goal of securing eight by the end of 2024. The company plans to release its official Q3 2024 financial results on Nov. 14, 2024, and host an investor conference call the following day.
To view the full press release, visit https://ibn.fm/Sy4gB
About WiSA Technologies Inc.
WiSA Technologies is a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung; LG; Hisense; TCL; Bang & Olufsen; Platin Audio; and others, the company delivers immersive wireless sound experiences for high-definition content, including movies and video, music, sports, gaming/esports and more. WiSA is a founding member of the Wireless Speaker and Audio Association (“WiSA”[TM]) whose mission is to define wireless audio interoperability standards as well as work with leading consumer electronics companies, technology providers, retailers and ecosystem partners to evangelize and market spatial audio technologies driven by WiSA Technologies. The company is headquartered in Beaverton, Oregon, with sales teams in Taiwan, China, Japan, Korea and California. For more information about the company, please visit www.WiSATechnologies.com.
NOTE TO INVESTORS: The latest news and updates relating to WISA are available in the company’s newsroom at https://ibn.fm/WISA
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