WiSA Technologies reported Q2 2024 revenue of $345,000, down 19% from $425,000 in Q2 2023, primarily due to lower Consumer Audio Product sales amid a slowdown in consumer electronics spending. The company achieved a small gross profit of $11,000 compared to a gross deficit of $201,000 in the prior year quarter, reflecting improved inventory management.Operating expenses increased to $5.4 million from $4.5 million in Q2 2023, driven mainly by higher investor relations and legal expenses, though partially offset by reduced R&D and marketing costs. The net loss significantly widened to $42.7 million from $5.3 million, largely due to a $37.3 million non-cash loss from changes in warrant liabilities following the April 2024 reverse stock split.The company ended Q2 with $6.1 million in cash, up from $411,000 at year-end 2023, bolstered by several equity offerings raising approximately $20 million during the quarter. However, management indicates additional funding will be needed in Q4 2024 to support operations through 2025, as substantial doubt remains about the company's ability to continue as a going concern.

WiSA Technologies reported Q2 2024 revenue of $345,000, down 19% from $425,000 in Q2 2023, primarily due to lower Consumer Audio Product sales amid a slowdown in consumer electronics spending. The company achieved a small gross profit of $11,000 compared to a gross deficit of $201,000 in the prior year quarter, reflecting improved inventory management.Operating expenses increased to $5.4 million from $4.5 million in Q2 2023, driven mainly by higher investor relations and legal expenses, though partially offset by reduced R&D and marketing costs. The net loss significantly widened to $42.7 million from $5.3 million, largely due to a $37.3 million non-cash loss from changes in warrant liabilities following the April 2024 reverse stock split.The company ended Q2 with $6.1 million in cash, up from $411,000 at year-end 2023, bolstered by several equity offerings raising approximately $20 million during the quarter. However, management indicates additional funding will be needed in Q4 2024 to support operations through 2025, as substantial doubt remains about the company's ability to continue as a going concern.