WiSA Technologies, Inc. (WISA): history, ownership, mission, how it works & makes money

A Brief History of WiSA Technologies, Inc. (WISA)

Founding and Early Years

WiSA Technologies, Inc. was founded in 2012 as a wholly-owned subsidiary of Summit Semiconductor, Inc. The company's focus is on providing high-definition wireless audio technology for the consumer electronics industry.

Initial Public Offering

WiSA Technologies went public, listing on the NASDAQ under the ticker symbol 'WISA' on March 5, 2020. The company aimed to raise approximately $12 million through this IPO, offering 1.2 million shares at an initial price of $10 per share.

Key Partnerships and Collaborations

In 2021, WiSA Technologies entered into strategic alliances with various companies, including:

• LG Electronics - collaboration on wireless audio solutions.
• Harman International - integration of WiSA technology in selected audio products.
• Klipsch - joint marketing and technology initiatives.

Technological Advancements

WiSA launched its WiSA Wave technology in 2021, allowing for the wireless transmission of multi-channel audio up to 24-bit/96kHz quality with extremely low latency, supporting seamless integration into home theaters and other audio setups.

Market Performance and Financials

As of Q2 2023, WiSA reported revenues of approximately $2.5 million. The company listed its market capitalization at around $30 million as of July 2023.

Financial Overview

Recent Developments

In August 2023, WiSA announced a partnership with a leading TV manufacturer to integrate WiSA technology into their upcoming product line, expected to launch in late 2023, targeting a market worth over $5 billion in wireless audio technologies.

Challenges and Future Prospects

WiSA continues to navigate challenges, including competition from established brands in the audio industry. However, with ongoing technological innovations and strategic partnerships, the company is positioned for potential growth in the wireless audio market.

Investor Information

The stock price of WISA fluctuated around $2.50 per share as of August 2023, reflecting a volatility typical for a technology startup in the consumer electronics space.

Conclusion on Market Trends

The wireless audio market is anticipated to grow at a CAGR of 23% from 2023 to 2030, presenting opportunities for WiSA Technologies to expand its market presence and product offerings.

A Who Owns WiSA Technologies, Inc. (WISA)

Overview of Ownership Structure

As of October 2023, WiSA Technologies, Inc. (WISA) has a range of institutional and individual investors. The ownership structure is characterized by a mix of public shareholders and firm stakeholders.

Top Shareholders

Executive Team Ownership

The executive management team also holds a significant portion of the company's shares. The following table summarizes their ownership stakes:

Market Capitalization

The market capitalization of WiSA Technologies as of October 2023 is approximately $25 million.

Recent Financial Performance

Recent Share Price Performance

The share price of WISA has exhibited fluctuations over the past year. As of early October 2023, the share price is approximately $0.80.

Stock Performance Metrics

Institutional Ownership Trends

Institutional ownership represents a significant portion of the overall shareholder base. As of October 2023, approximately 20% of the shares are held by institutional investors.

WiSA Technologies, Inc. (WISA) Mission Statement

Company Overview

WiSA Technologies, Inc. is a leading provider of wireless audio solutions and is primarily focused on enabling high-definition audio delivery to consumer electronic devices. The mission statement articulates the company's commitment to fostering innovation in wireless audio technology.

Mission Statement

The mission of WiSA Technologies, Inc. is to enable the wireless audio industry by providing a platform for high-definition audio delivery, enhancing the consumer experience through cutting-edge technologies and fostering collaboration with industry partners.

Core Values

• Innovation: Constantly pushing the boundaries of audio technology.
• Quality: Ensuring top-notch performance in all products and services.
• Collaboration: Working closely with partners to drive industry-wide advancements.
• Customer Focus: Prioritizing user experience and satisfaction in every development.

Financial Metrics

According to the latest financial report for the fiscal year ending December 31, 2022, WiSA Technologies, Inc. presented the following key performance indicators:

Market Position

WiSA Technologies, Inc. operates in a competitive landscape, with significant players such as Dolby and DTS. The market for wireless audio solutions is projected to grow at a CAGR of 12.3% from 2021 to 2026, reaching approximately $25 billion by 2026. WiSA aims to capture a significant share of this expanding market.

Technological Focus

WiSA is dedicated to developing wireless audio technologies that ensure:

• High-definition audio transmission: Supporting up to 24-bit/96kHz audio quality.
• Low latency: Ensuring minimal delay in audio processing.
• Interoperability: Allowing multiple manufacturers to use WiSA technology in their products.

Partnerships and Collaborations

As of 2023, WiSA has established partnerships with several key companies in consumer electronics, enhancing its reach within the market:

Target Audience

WiSA Technologies, Inc. primarily targets:

• Home audio enthusiasts: Individuals seeking high-quality audio experiences.
• Consumer electronics manufacturers: Companies looking to integrate wireless audio into their products.
• Home theater installers: Professionals aiming to deliver sophisticated audio solutions.

Future Outlook

WiSA Technologies, Inc. is poised for growth, with projected revenue growth of 15% annually through 2025 as more manufacturers adopt wireless audio solutions across various product categories.

How WiSA Technologies, Inc. (WISA) Works

Overview of WiSA Technologies

WiSA Technologies, Inc. specializes in wireless audio technology, providing high-definition audio solutions that enable multi-channel audio streaming without wires. As of October 2023, the company's stock was traded on the NASDAQ under the symbol WISA.

Business Model

WiSA operates a hybrid business model that includes:

• Licensing its technology to manufacturers of audio equipment.
• Developing proprietary audio products.
• Offering software and firmware updates that enhance audio performance.

Key Technologies

WiSA utilizes several key technologies including:

• WiSA Wireless Technology: Supports high-definition audio up to 24-bit/192 kHz.
• Interoperability Standards: Ensures compatibility across various brands of audio equipment.
• Low Latency: Promotes real-time audio streaming with minimal delay.

Market Performance

As of Q3 2023, WiSA reported the following financials:

Market Share and Competitors

WiSA Technologies operates in a competitive landscape. As of October 2023, its market share in the wireless audio segment was approximately 5%, with key competitors including:

• Sonos: Dominates with approx. 10% market share.
• Audioengine: Focuses on high-quality audio speakers.
• Bose: Offers premium audio products with robust market presence.

Partnerships and Collaborations

WiSA has established partnerships to enhance its technology and reach:

• Collaboration with LG Electronics for integrating WiSA features into their TV models.
• Partnership with Harman International for audio solution development.

Consumer Adoption

Customer adoption of WiSA technology in consumer electronics has been significant. By Q3 2023:

Future Prospects

WiSA Technologies is focusing on expanding its product offerings, with plans to enter new markets within the audio ecosystem. Projected growth for the wireless audio market is expected to reach $25 billion by 2025, with a compound annual growth rate (CAGR) of approximately 14%.

Conclusion

WiSA Technologies continues to navigate the evolving audio technology landscape while enhancing its product and market strategies.

How WiSA Technologies, Inc. (WISA) Makes Money

Product Sales

WiSA Technologies generates revenue primarily through the sales of its products, including wireless audio products and related technologies. The company focuses on premium audio solutions, targeting the high-end market.

As of the end of Q3 2023, WiSA reported revenue from product sales amounting to $5.6 million for the fiscal year.

Licensing Revenue

Another significant revenue stream for WiSA Technologies comes from licensing its technology to manufacturers. Companies that wish to integrate WiSA's wireless audio technology into their products pay licensing fees.

In 2022, licensing revenue accounted for approximately $1.7 million, with expectations for growth as partnerships expand in the consumer electronics sector.

Partnerships with Manufacturers

Strategic partnerships are crucial for WiSA's business model. Collaborations with major manufacturers enable WiSA to broaden its reach within the audio market.

In 2023, WiSA entered agreements with five new manufacturers, anticipated to generate an estimated $2.5 million in additional revenue over the next two years.

Market Demand and Growth Trends

The demand for wireless audio solutions is steadily increasing, driven by consumer preferences for high-quality sound without the constraints of traditional wired systems. The industry is projected to grow at a compound annual growth rate (CAGR) of approximately 23% between 2023 and 2030.

Financial Summary

The following table summarizes WiSA Technologies' financial performance over the last three fiscal years:

Future Projections

WiSA Technologies’ future growth is supported by several projected revenue streams:

• Expansion into international markets, expected to contribute an additional $3 million in revenue by 2025.
• Introduction of new product lines, which could generate an estimated $2 million in the first year of launch.
• Increased licensing agreements, anticipated to add $1.5 million in revenue from new partnerships.

Conclusion of Financial Viability

The financial viability of WiSA Technologies, Inc. is influenced by its diverse revenue streams, strategic partnerships, and the overall growth trend in the wireless audio market. Increased consumer adoption and ongoing technological advancements are expected to enhance revenue potential moving forward.