ð¨Trade Alert ð¨ WiSAÍ â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Is this little-known NASDAQ audio company about to steal the show in 2023? Greetings Investors, Sound is a crucial aspect of our everyday lives. For some people, sound is everything when it comes to their entertainment systems. This explains why the home theater market size is forecasted to grow by [USD 7.4 billion]( 2022 to 2027. Some of the major market participants in this arena include Sony Group Corp. (NYSE: SONY), Samsung Electronics Co. Ltd, Pioneer Corp., and Bose Corp. While there may be talks about an oncoming recession, people who spend on sound will spend on sound regardless of the fiscal environment. Especially when itâs affordableâ¦â¦ This brings us to an under-the-radar NASDAQ company called WiSA Technologies, Inc. (NASDAQ: WISA), which trades at a little over $1 but has a massive $20 price target on it! WISA isnât just for the audiophile, itâs for anyone who takes their home entertainment system seriously. The company is a developer of spatial audio wireless technology for smart devices and next-generation home entertainment systems.What is WISAâs unique value proposition in the wireless audio industry, and how does it set itself apart from the competition?According to CEO Brett Moyer, the company believes it has best-in-class wireless performance levels. Many premium audio brands like Bang and Olufsen, Harman, Klipsch, KEF use WISAâs technology. This already says a lot. Second, WiSA HT standard is the only interoperable standard in the market so that different branded products will work with each other. Another big advantageâ¦. Big Newsâ¦.. This is an exciting time to have the stock at your attention, given the big news announced this week. WISA said it is now taking pre-orders for its WiSA E development kits. Using the 5GHz portion of the Wi-Fi band, WiSA E offers high-performance, high-quality wireless audio transmission and reception at an affordable price. "We have received strong market demand for our WiSA E technology," said Tony Parker, vice president of business development and strategy at WiSA Technologies. "Anticipating this demand, and based on current assembly and manufacturing lead times, we are encouraging customers to pre-order WiSA E development kits to ensure ample inventory and prompt delivery." WiSA E is a software-based, Wi-Fi-compatible, 8-channel immersive audio solution that operates in the 5GHz band. Designed with low latency and tight speaker synchronization critical to supporting Dolby Atmos and DTS-X wirelessly, WiSA E enables audio manufacturers to design products that deliver a cinema-like audio experience. WiSA E can be implemented by customers in a variety of ways, including as a plug-and-play module or as an IP license, enabling customers to embed WiSA E software directly into a compatible SoC TV platform. WISA anticipates shipping WiSA-E Development kits in early Q3 2023. This is a very exciting milestone for the company and could be exponential for revenues. It may also help the company head towards becoming a household name in audio! The company is looking to tap into the home theater industryâ an industry projected to grow to reach [$54.78 billion in 2026,]( according to a report by ReportLinker. A monstrous bounce in the making⦠Since WISA hit a 52-week low of 95 cents, the stock has been fiercely clawing back, hitting as high as nearly $1.40 on Tuesday. This could be just the beginning of a tremendous reversal ahead for the stock as the company stages a potentially monstrous comeback! You know what they sayâ¦. Root for the underdog. Thereâs a good reason why [NASDAQ]( a âSTRONG BUYâ on the stock AND a high price target of $20!! From current levels that would be a remarkable upside if it hitsâ¦. upside along the lines of over 1,450%! Even at a low price target of $5, the upside potential is still an impressive 280+%! It was just weeks ago that the company said it is again in compliance with all [Nasdaq continued listing requirements]( and that it has paid off in its entirety the outstanding balance due under its [Senior Secured Convertible Note]( issued on August 15, 2022. These are strategic and promising developments that indicate WISA is serious about its growth and at current levels could be worth keeping at the top of your watch list! [www.wisatechnologies.com]( Company Overview: WiSA Technologies (Nasdaq: WISA) develops, markets, and sells spatial audio wireless technology for smart devices and next-generation home entertainment systems. Its consortiumâthe WiSA Associationâworks with leading consumer electronics companies, technology providers, retailers, and industry partners to make spatial audio an experience that everyone can enjoy. WiSAâs vision is to become the spatial audio standard across the audio marketplace and become natively embedded in OEM SoCs! Company Highlights: - The company has technology partners like Realtek and Espresiff that make Wi-Fi chips, TV partners like LG and Hisense that have certified their TVs with WiSA for use with WiSAâs SoundSend, and retail partners that have created WiSA stores on their websites.
- Highly differentiated multichannel wireless audio technology with implementations in premium audio brands.
- World-class premium technology ported to low-cost IoT chips to address mass market audio systems with software roadmap to address TAM of over 2 billion units.
- Establishment and management of the Wireless Speaker and Audio Association with interoperability specification, testing, and compliance standard.
- 30+ brands have designed WiSA technologies into their products
- Strong IP position and significant patent coverage.
- Strong revenue growth from modules sales, audio systems sales, and licensing.
- In an investor presentation, the company has assured that, with the closing of $3 million in financing, the company â[should be sufficient cash 2023](
- The company has over 20 issued patents, pending patent applications or filings. Overview of Business: - WiSA E is a compelling technology advancement
- WiSA DS is being specified for design and building of SB
- Marketing focused immersive audio products with Atmos upfiring speakers
- Consumer electronics industry is still in a slump from overbuilding and weak consumer demand
- Expect Revenue growth YOY for full year 2023 WiSA-E Technology: WISA has developed and demonstrated its new WiSA E technology designed to power the next-generation of immersive audio products. Designed specifically for TVs, WiSA E provides high-quality multichannel audio transmission to as many as 8 (moving to 10) discrete speakers without the need of an HDMI cable connected to a soundbar! "Consumers, as well as industry leaders and TV brands, have been calling for a fully wireless, multichannel immersive audio solution. But while others have been talking, WiSA has been delivering on the promise of a cable-free immersive audio technology. Our new WiSA E eliminates the need for an extra HDMI cable, and in combination with a TV's internal speakers acting as the center channel, TVs can now be designed to support immersive audio sound fields without a soundbar,â said Brett Moyer, CEO. This could be a game-changer for the consumer television market. By eliminating the need for duplicative products between the TV and the soundbar, consumers can save hundreds of dollars while expanding their audio experience. WiSA E offers the consumer the most versatile set of options across price points, designs and sonic signatures with a solution that can be interoperable across multiple speaker brands. In summary⦠The companyâs new technology launch, with its lower price points and high performance, combined with its industry leading standard organization are a powerful combination to drive WISAâs success. A slowdown in consumer spending on consumer electronics may have previously impacted the companyâs business but WISAâs growth story is far from over. "We remain excited about the prospects to scale our business in 2023 and still expect full-year revenue growth this year, with stronger revenue contribution coming in the second half of 2023,â said CEO Brett Moyer. WISA had made a strong showing at CES in January 2023, with 22 companies engaging in demos of multiple new products! The company is experiencing strong customer interest and responses to its expanded product portfolio, which targets a broad range of middle market products, including HDTVs, smart speakers, home theater speakers, PCs/laptops, among others. WISA shares have been trending higher in recent weeks, which means seller exhaustion may have kicked in and the stock could be primed for a tremendous climb northward. The stock bouncing off its 52-week high in recent weeks is encouraging and with a $20 price target and a âSTRONG BUYâ rating on NASDAQ.com, WISA may also be one of the biggest growth stories of 2023! Hurry and start your research! Copyright 2023 © SCDalerts.com is owned and operated by the owner of SCD Media LLC. 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