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Summit Wireless Technologies, Inc. Company profile

About WiSA Technologies Inc

WiSA Technologies, Inc., formerly Summit Wireless Technologies, Inc., is engaged in providing wireless sound technology for intelligent devices and next generation home entertainment systems. The Company delivers wireless sound experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. The Company's products are WiSA Discrete System Technology and WiSA Home Theater Technology. WiSA Discrete System Technology transmits up to five channels (including a subwoofer) of uncompressed 16-bit 48 kilohertz (kHz) sound over a 2.4 Gigahertz (GHz) wireless fidelity (Wi-Fi) network it creates. It transmits and receives audio wirelessly. The WiSA Home Theater Technology transmits and receives uncompressed 24-bit 48/96 kHz sound over a dedicated wireless network it creates. WiSA Home Theater Technology products include WiSA Home Theater TX, WiSA Home Theater TX Dev Kit, WiSA Home Theater USB TX, WiSA Home Theater RX and WiSA Home Theater RX DAC Board.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, WiSA Technologies Inc revenues increased from $2.4M to $6.5M. Net loss applicable to common stockholders increased 1% to $13M. Revenues reflect Asia Pacific segment increase from $1.9M to $4.8M, United States segment increase from $240K to $1.2M. Higher net loss reflects Sales and marketing increase of 39% to $4.1M (expense), Research and development increase of 15% to $5.2M (expense).