Business Overview - WiSA's vision is to become the spatial audio standard across the audio marketplace and become natively embedded in OEM SoCs[4] - Operation Expenses are expected to drop by over $1 million from Q4 to Q1[4] - The company expects Revenue growth YOY for the full year 2023[4] - WiSA DS offers more audio channels, stronger wireless performance, and a lower price (under $15 for wireless modules) compared to its primary competitor[6] WiSA Technology - WiSA HT is perceived as the industry leader for best performance for wireless audio, supporting up to 8 channels, 24-bit audio, and up to 96KHz sample rates with ultra-low latency (5ms)[5,6] - WiSA DS is being specified for design and building of soundbars, targeting immersive audio products with Atmos upfiring speakers[4] - WiSA E aims to integrate into TVs, potentially eliminating RF module expense, Dolby Atmos royalty, and other soundbar components, leading to consumer savings[8,9] Financial Performance - Full year 2022 revenue was $3.4 million, a 49% decrease compared to $6.5 million in 2021[11] - Gross margin for 2022 was 11.7%, compared to 28.5% in 2021[11] - Operating expenses for 2022 were $18.4 million, including $2.2 million of non-cash expenses, compared to $13.4 million, including $1.5 million of non-cash expenses in 2021[11]
WiSA Technologies(WISA) - 2022 Q4 - Earnings Call Presentation