BEAVERTON, Ore. - WiSA Technologies, Inc. (NASDAQ: WISA), soon to be known as Datavault Inc., introduced a suite of wireless audio innovations at CES 2025. The micro-cap company, currently valued at $17.17 million, is in the process of acquiring Datavault’s intellectual property. According to InvestingPro analysis, while WiSA maintains a healthy balance sheet with more cash than debt and a current ratio of 2.26, the company’s overall financial health score is categorized as weak. The company showcased three new reference designs, mobile applications, and the SoundSend E transmitter, aimed at enhancing the wireless home theater experience.
The new WiSA E-based reference designs, named Player1, Dragon, and Pegasus, are intended to help brands develop wireless audio products more efficiently. With revenue of $2.19 million in the last twelve months, WiSA is betting on these innovations to drive growth. Player1 is a wireless audio transmitter that connects to TVs via HDMI, while Dragon and Pegasus are receiver platforms compatible with various speaker types to create wireless multi-channel audio systems. These designs support seamless certification and interoperability with WiSA E-certified components. For detailed financial analysis and growth prospects, investors can access comprehensive research through InvestingPro, which offers 16 additional investment tips for WISA.
Complementing the hardware, WiSA also launched three mobile applications. The WiSA Certification App is designed to streamline product development and certification, the WiSA Express App facilitates the connection of TVs to WiSA E-certified speakers, and the WiSA Connect App manages device setup and control, including the new SoundSend E transmitter.
SoundSend E, the latest addition to WiSA’s product lineup, is built on WiSA E technology and supports Dolby Atmos decoding. It features HDMI ARC/eARC, optical, and Bluetooth audio inputs, upgraded DSP for improved audio quality, and automatic detection of WiSA E-certified speakers. The device is designed to redefine wireless home audio by offering versatility and performance for connecting modern TVs to WiSA E-certified speakers.
These products were demonstrated at WiSA’s CES 2025 suite at the Venetian from January 7 to 10, where attendees experienced the WiSA E platforms and SoundSend E in action.
WiSA Technologies, headquartered in Beaverton, OR, is known for developing spatial, wireless sound technology for smart devices and home entertainment systems. The company’s technology aims to deliver immersive audio experiences for a variety of content.
The press release also included cautionary statements regarding forward-looking information, emphasizing that actual results may differ materially from those projected due to various factors. This caution is particularly relevant given WiSA’s current challenges, including negative gross profit margins and rapid cash burn, as identified by InvestingPro’s detailed financial analysis. Access the full Pro Research Report for comprehensive insights into WiSA’s financial health, market position, and growth potential. This news article is based on a press release statement from WiSA Technologies, Inc.
In other recent news, WiSA Technologies has seen a flurry of activity. The company reported a notable increase in Q3 revenues, reaching $1.2 million, a 240% rise from the previous year. This growth was attributed to improved gross margins and a strategic shift towards direct-to-consumer sales. Additionally, WiSA Technologies announced the integration of its WiSA E wireless multichannel audio software into Sagemcom’s Video Soundbox (VSB) set-top boxes, aiming to offer consumers an enhanced home entertainment experience.
Moreover, WiSA Technologies has entered into a definitive agreement to acquire CompuSystems, Inc., a move expected to contribute between $13 million to $15 million in revenue and $3 million to $4 million in EBITDA for the year 2025. The company also confirmed the acquisition of intellectual property and technology assets from Data Vault Holdings Inc., with plans to rebrand as Datavault Inc., transitioning to a data technology and licensing firm.
Management changes were also announced, with Mr. Stanley Mbugua succeeding Mr. Gary Williams as the new Chief Accounting Officer. WiSA Technologies also extended the warrant exercise period, aiming to encourage warrant holders to participate in the exercise process, potentially increasing the company’s equity base. These recent developments indicate strategic moves and managerial decisions within WiSA Technologies.
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