Financial Data and Key Metrics Changes - WiSA Technologies reported Q3 2024 revenue of 3.9 million in cash [8] Business Line Data and Key Metrics Changes - The revenue increase was primarily attributed to Gen-1 WiSA HT sales, with some contribution from WiSA E [34][35] - WiSA E-related revenue is expected to see a significant uptick in Q4 compared to Q3, although no specific guidance for 2025 was provided [36] Market Data and Key Metrics Changes - WiSA Technologies is entering new markets with the Data Vault Holdings acquisition, focusing on high-growth sectors such as blockchain and artificial intelligence [16] - The company has filed for a preliminary proxy for the annual shareholders meeting and the acquisition, indicating progress in regulatory compliance [11] Company Strategy and Development Direction - The acquisition of Data Vault Holdings for $200 million in stock and a promissory note is a strategic move to enhance WiSA's intellectual property portfolio [10] - The company plans to rebrand as Datavault post-acquisition, with a focus on monetizing its combined IP assets [11][12] - WiSA is developing new products and markets for Data Vault's IP, including ultrasonic technology for data delivery and holographic experiences [17][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the potential for revenue growth as new products are launched and markets are entered [54] - The focus on high-margin licensing models and partnerships with large brands is expected to drive future revenue [31][32] Other Important Information - The company has a total of 67 patents, with plans to reach 100 by mid-next year, indicating a strong focus on innovation and intellectual property development [30] - WiSA Technologies is preparing for a significant presence at CES in January, showcasing both WiSA and Data Vault technologies [51] Q&A Session Summary Question: Was the Q3 revenue solely driven by Gen-1 WiSA HT sales? - The revenue included contributions from both Gen-1 WiSA HT and some from WiSA E [35] Question: What are the expectations for WiSA E in Q4 and 2025? - WiSA E-related revenue is expected to significantly increase in Q4, with further growth anticipated in 2025 [36] Question: What are the near-term monetization drivers for Data Vault? - Key monetization drivers include ADIO in sports entertainment venues and the use of holograms for scientific data visualization [39][41] Question: How will Data Vault monetize its services? - Monetization will involve partnerships on both the buy and sell sides, with a 70-30 revenue split favoring clients [47] Question: Will there be an Investor Day after the acquisition? - An Investor Day is anticipated around CES in January, where the company will formalize its message post-acquisition [50][51]
WiSA Technologies(WISA) - 2024 Q3 - Earnings Call Transcript