WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) March 25, 2024 WISA TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorporation) (Commission File Number) UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended t ...

High-quality Wireless Spatial Audio wisa. WiSA Technologies, Inc. Q3 2023 Results November 15, 2023 Forward Looking Statements This presentation of WiSA Technologies, Inc. (NASDAQ: WISA) (the "Company" or "WiSA") contains forward-looking statements, which are not historical facts, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Our actual results, performance or achievements may differ materially from those expr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________to _______________. Commission File Number: 001-38608 WiSA Technologies, Inc. (Exact name of registrant as specified in it ...

WiSA Technologies Overview - WiSA's technology enables the transmission of multi-channel, high-bitrate, uncompressed audio streams for an immersive spatial audio experience[4] - WiSA aims to establish itself as the standard for wireless spatial audio, embedded in OEM SoCs[8] - WiSA has over 30 brands that have designed WiSA technologies into their products[20] WiSA E Opportunity - WiSA E's software can be implemented on TVs for wireless audio transmission[15] - Strategic customers have the potential to ship 1 million – 3 million WiSA E products per year, generating potential revenue of $5 million - $15 million per year per customer[16] - WiSA E targets a total addressable market (TAM) of over 2 billion units[20] Financial Performance - WiSA anticipates sequential revenue growth in the third and fourth quarters of 2023[18] - Cash operating expenses for the second half of 2023 are projected to be approximately $0.5 million less than the second half of 2022[18] - 2024 cash operating expenses are expected to be approximately $2 million lower compared to 2023[18]

PART I: FINANCIAL INFORMATION [Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for WiSA Technologies, Inc. as of June 30, 2023, reporting a net loss of $6.2 million and a cash balance of $2.0 million, with recurring losses raising substantial doubt about going concern Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $2,007 | $2,897 | | Inventories | $5,475 | $7,070 | | **Total Assets** | **$8,931** | **$11,452** | | **Liabilities & Equity** | | | | Total current liabilities | $1,909 | $3,674 | | Warrant liabilities | $504 | $8,945 | | **Total Liabilities** | **$3,070** | **$13,448** | | **Total stockholders' equity/(deficit)** | **$5,861** | **($1,996)** | Condensed Consolidated Statements of Operations (in thousands, except per share data) | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Revenue, net | $425 | $946 | $894 | $1,512 | | Gross profit (deficit) | ($201) | $188 | ($1,454) | $250 | | Loss from operations | ($4,693) | ($4,103) | ($10,495) | ($8,004) | | Net loss | ($5,326) | ($4,108) | ($6,247) | ($8,012) | | Net loss per share | ($1.20) | ($27.34) | ($2.02) | ($53.68) | Condensed Consolidated Statements of Cash Flows Highlights (in thousands) | Cash Flow Activity | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | ($9,126) | ($8,307) | | Net cash used in investing activities | ($16) | ($27) | | Net cash provided by financing activities | $8,252 | ($12) | | **Net decrease in cash** | **($890)** | **($8,346)** | | **Cash at end of period** | **$2,007** | **$4,762** | - The company has incurred net operating losses since inception and expects them to continue, raising substantial doubt about its ability to continue as a going concern for the next twelve months, with management intending to raise additional funds through equity or debt offerings[68](index=68&type=chunk)[69](index=69&type=chunk)[70](index=70&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail accounting policies, including revenue recognition and stock-based compensation, and discuss key events such as a 1-for-100 reverse stock split, multiple equity offerings, convertible note repayment, and warrant inducement, alongside operating lease commitments and related party transactions - A **1-for-100 reverse stock split** was effected on January 26, 2023, to regain compliance with Nasdaq's minimum bid price requirement, with all share and per-share amounts retroactively adjusted[32](index=32&type=chunk) Revenue by Product Category (in thousands) | Product Category | For the Six Months Ended June 30, 2023 | For the Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | Components | $640 | $1,073 | | Consumer Audio Products | $254 | $439 | | **Total** | **$894** | **$1,512** | - In April 2023, the company fully repaid its senior secured convertible note for **$1.66 million**, including a **$276,000 pre-payment premium**, resulting in a total loss on debt extinguishment of **$837,000** for the quarter[86](index=86&type=chunk)[170](index=170&type=chunk) - The company conducted multiple offerings in 2023 to raise capital: **$5.3 million** net proceeds in February, **$1.6 million** in March, **$1.0 million** in April, and **$1.9 million** from a May warrant inducement[102](index=102&type=chunk)[106](index=106&type=chunk)[108](index=108&type=chunk) - In July 2023, the company entered into another warrant exercise inducement offer, receiving aggregate gross proceeds of approximately **$678,000** from the exercise of **510,000 warrants**[145](index=145&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=41&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) The MD&A details the company's financial performance for the three and six months ended June 30, 2023, attributing a 55% revenue decline to consumer electronics slowdown, negative gross margin due to inventory reserves, and discusses strategic focus on Wi-Fi compatible IP software and the need for additional financing - The company's strategic focus is on developing Wi-Fi compatible IP software for multichannel wireless audio and exploring strategic alternatives, including a potential acquisition of Comhear, Inc., an AI-enabled audio technology developer[152](index=152&type=chunk)[155](index=155&type=chunk)[156](index=156&type=chunk) Financial Performance Comparison (in thousands) | Metric | Q2 2023 | Q2 2022 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Revenue | $425 | $946 | ($521) | -55% | | Gross Profit (Deficit) | ($201) | $188 | ($389) | -207% | | R&D Expenses | $1,933 | $1,883 | $50 | +3% | | S&M Expenses | $1,089 | $1,326 | ($237) | -18% | | G&A Expenses | $1,470 | $1,082 | $388 | +36% | - The decrease in gross profit and margin was mainly due to a **$169,000 increase in inventory reserves** for Consumer Audio Products, lower sales volumes, and lower product pricing[159](index=159&type=chunk) - The company had **$2.0 million in cash** as of June 30, 2023, and will need to raise additional funds via equity or debt in the third quarter of 2023 to fund operations through December 31, 2023[171](index=171&type=chunk)[175](index=175&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company, as a smaller reporting company, is not required to provide the information for this item - As a smaller reporting company, WiSA Technologies is not required to provide disclosures about market risk[176](index=176&type=chunk) [Controls and Procedures](index=47&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and Principal Financial Officer, concluded that the company's disclosure controls and procedures were effective as of June 30, 2023, with no material changes to internal control over financial reporting during the quarter - The Principal Executive Officer and Principal Financial Officer concluded that the company's disclosure controls and procedures were effective as of June 30, 2023[177](index=177&type=chunk) - There were no changes in the company's internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[178](index=178&type=chunk) PART II: OTHER INFORMATION [Legal Proceedings](index=48&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no pending legal proceedings that are expected to have a material adverse effect on its business, operating results, or financial condition - The company is not currently involved in any legal proceedings that would have a material adverse effect on its financial condition or operations[180](index=180&type=chunk) [Risk Factors](index=48&type=section&id=Item%201A.%20Risk%20Factors) As a smaller reporting company, WiSA Technologies is not required to provide the disclosure required under this item - The company is not required to provide risk factor disclosures in this report as it qualifies as a smaller reporting company[181](index=181&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=48&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section discloses the issuance of unregistered securities, including the sale of unregistered warrants in April 2023 to purchase up to 1,486,132 shares in a private placement, and the issuance of new unregistered inducement warrants in May 2023 to purchase up to 2,972,264 shares to incentivize cash exercise of the April Warrants, both relying on Securities Act exemptions - In April 2023, the company sold unregistered warrants (the "April Warrants") to purchase an aggregate of up to **1,486,132 shares** of common stock in a private placement[182](index=182&type=chunk) - In May 2023, the company issued new unregistered 'May Inducement Warrants' to purchase up to **2,972,264 shares** to incentivize the cash exercise of the April Warrants[183](index=183&type=chunk) [Defaults Upon Senior Securities](index=48&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon senior securities - None[184](index=184&type=chunk) [Mine Safety Disclosures](index=48&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[185](index=185&type=chunk) [Other Information](index=48&type=section&id=Item%205.%20Other%20Information) The company reports no other information for this item - None[186](index=186&type=chunk) [Exhibits](index=50&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the 10-Q report, including forms of warrants, securities purchase agreements, inducement letters, and officer certifications required by the Sarbanes-Oxley Act - Lists various agreements and certifications filed as exhibits, including forms of warrants, securities purchase agreements, and Sarbanes-Oxley certifications[188](index=188&type=chunk)

Financial Data and Key Metrics Changes - The company anticipates a revenue forecast for 2024 in the range of $10 million to $15 million, with expectations of year-over-year growth despite current industry challenges [9][17] - Operating expenses decreased by approximately $750,000 from Q4 to Q1, with expectations to maintain cost efficiency in Q2 and Q3 before increasing in Q4 due to product launches [16][45] Business Line Data and Key Metrics Changes - WiSA has introduced a new product line, WiSA DS, which is expected to impact revenue positively this year, with design wins actively in progress [11][14] - The company is focusing on the launch of the Platin Rio 5.1.4 Soundbar, which is positioned at a competitive price point [14] Market Data and Key Metrics Changes - The consumer electronics industry is currently experiencing a slump, with expectations of continued price erosion and margin compression through Q2 and possibly early Q3 [16] - There is a noted soft demand in the market, leading brands to lower prices to clear inventory ahead of the holiday season [16] Company Strategy and Development Direction - The company is strategically acquiring Comhear to enhance its audio IP portfolio and expand into immersive audio technology [18][20] - The merger is expected to create synergies in market segments and strengthen the combined sales team's capabilities [19][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the impact of inflation on consumer spending but notes a positive response to price adjustments in their product lines [47] - There is optimism about a potential rebound in audio demand as consumers may extend their home entertainment systems [48] Other Important Information - The company is actively exploring strategic partnerships with larger firms, which could enhance its market value [50] - The acquisition of Comhear is seen as a significant opportunity to deepen the company's IP portfolio and strengthen customer relationships [38][20] Q&A Session Summary Question: Breakdown of expected revenue from legacy WiSA versus Comhear - Management estimates a revenue split of approximately $5 million to $10 million from each entity for the upcoming year [39] Question: Revenue streams for Comhear - The expectation is for a higher ratio of software licensing and IP licensing revenue compared to hardware sales in the future [40] Question: Comhear's cash burn expectations - Management believes that the merger will not impact overall cash burn due to offsetting cost reductions [41] Question: R&D team integration post-merger - Initially, both teams will focus on their respective customer launches, with potential integration occurring over a longer timeframe [42] Question: Inventory reserve details - The inventory reserve addresses component imbalances due to past supply chain issues, and management believes it is adequately reserved [44] Question: Future operating expenses outlook - Operating expenses are expected to remain stable or decrease in the near term, with an increase anticipated in Q4 due to product launches [45][46] Question: Industry headwinds and consumer refresh cycles - Management notes that while there may not be a refresh cycle for TVs, there is potential for growth in the audio segment as consumers upgrade their systems [48]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 30-1135279 For the quarterly period ended March 31, 2023 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 15268 NW Greenbrier Pkwy Beaverton, OR 97006 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For th ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-K For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 001-38608 WISA Technologies, Inc. (Exact name of registrant as specified in its charter) (State ...

Financial Data and Key Metrics Changes - For the full year of 2022, revenues were $3.4 million, down approximately 49% from $6.5 million in 2021 [31] - Gross margin decreased to 11.7% compared to 28.5% in 2021, primarily due to decreased volumes [31] - Operating expenses were $18.4 million, including $2.2 million of noncash expenses, compared to $13.4 million in 2021 [32] - Cash at year-end was $2.9 million after a financing of gross $7.6 million [33] Business Line Data and Key Metrics Changes - WiSA HT, the original module, targets the audiophile speaker market, while WiSA DS aims at the soundbar market, which is estimated at 40 million units annually [11][12] - WiSA E was demonstrated at CES, showcasing advancements in wireless audio technology [20][24] - The company expects new WiSA HT designs to go into production in the second half of 2023, alongside new WiSA DS designs [30] Market Data and Key Metrics Changes - The consumer electronics industry is experiencing a slump due to overbuilt inventory and weak consumer demand, impacting the company's performance [9][28] - The company anticipates that inventory imbalances will be addressed by midyear 2023 [47] Company Strategy and Development Direction - The company is focusing on expanding its product line and enhancing its technology to penetrate new markets [35] - WiSA E is seen as a significant opportunity to eliminate costs associated with soundbars and improve consumer experience [21][23] - The marketing strategy includes linking WiSA certification to Dolby Atmos or DTS:X to leverage the company's strengths in audio channels [26] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges posed by the current macroeconomic environment but remains optimistic about growth in the second half of 2023 [9][34] - The company expects to see revenue growth year-over-year despite a slow start in Q1 [34][30] Other Important Information - The company plans to reduce operating expenses by over $1 million from Q4 to Q1 [9] - There are ongoing discussions for strategic partnerships to enhance financial stability [77][80] Q&A Session Summary Question: Can you help us understand the drivers for revenue growth in 2023? - Management indicated that new designs for WiSA HT and DS will drive revenue, while WiSA E is expected to contribute in 2024 [38][39] Question: What is the outlook for industry inventory levels? - Management believes that inventory imbalances will be addressed within 12 months, with expectations of a return to normal demand levels by midyear [47] Question: Are there any risks regarding supply chain and component availability? - Management expressed confidence in their ability to supply modules without significant issues, although there may be some caution regarding overall demand [49][50] Question: What are the plans for reducing operating costs? - Management confirmed that they have trimmed expenses and will continue to optimize operations while maintaining essential R&D efforts [64][66] Question: What is the rationale behind the recent reverse split? - Management explained that the reverse split was necessary to avoid delisting from NASDAQ due to minimum bid requirements [86]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________to _______________. Commission File Number: 001-38608 WISA Technologies, Inc. (Exact name of registrant as specified in it ...