WiSA Technologies, Inc., a leader in wireless sound technology, announced a significant increase in its preliminary revenue estimates for Q3 2024. The company reported an estimated revenue of $1.0 million to $1.2 million, marking over 200% sequential growth from the previous quarter's $0.3 million. This surge is attributed to the successful integration of WiSA's multichannel wireless audio technology into products by a multinational licensee, which began shipping in the quarter. CEO Brett Moyer highlighted the activation of WiSA E transmit functionality and the associated royalty payments as key revenue drivers. WiSA has secured five licensing agreements for its WiSA E technology and aims to reach eight by year-end. The company is set to file its Form 10-Q on November 14, 2024, and will host an investor conference call the following day. The preliminary financial results are subject to completion and have been prepared in good faith, with the final figures potentially differing materially.

WiSA Technologies, Inc., a leader in wireless sound technology, announced a significant increase in its preliminary revenue estimates for Q3 2024. The company reported an estimated revenue of $1.0 million to $1.2 million, marking over 200% sequential growth from the previous quarter's $0.3 million. This surge is attributed to the successful integration of WiSA's multichannel wireless audio technology into products by a multinational licensee, which began shipping in the quarter. CEO Brett Moyer highlighted the activation of WiSA E transmit functionality and the associated royalty payments as key revenue drivers. WiSA has secured five licensing agreements for its WiSA E technology and aims to reach eight by year-end. The company is set to file its Form 10-Q on November 14, 2024, and will host an investor conference call the following day. The preliminary financial results are subject to completion and have been prepared in good faith, with the final figures potentially differing materially.