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Stock impact report

WiSA Technologies Reports Q4 and Full Year 2022 Results

WiSA Technologies, Inc. (WISA) 
Company Research Source: Business Wire
- Advances WiSA E for TVs to transmit Immersive Audio without an HDMI cable or Soundbar -- Expects approximately $1.1 million lower operating expenses in Q1 2023 versus Q4 2022 - BEAVERTON, Ore.--(BUSINESS WIRE)--WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, reported fourth quarter and full year 2022 financial results. In its conference call and presentation to be held on March 16, 8 am pacific time, management will discuss the company’s results and provide a business update.“Q4 2022 revenue was $0.9 million, similar to revenue in Q3 2022, as industry conditions continued to impact our business and contributed to excess end product inventory at retailers due to the slow down in consumer spending on consumer electronics,” said Brett Moyer, CEO, President, and Chairman of WiSA Technologies. “In response to this soft demand, we have reduced discretionary spending in Q1 2023, a Show less Read more
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