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WiSA Technologies | 10-Q: Q3 2024 Earnings Report

WiSA Technologies | 10-Q: Q3 2024 Earnings Report

WiSA Technologies | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/14 16:36

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WiSA Technologies reported Q3 2024 revenue of $1.17 million, up 52% from $769,000 in Q3 2023, driven by a $726,000 increase in Components sales. Gross profit improved to $226,000 compared to a deficit of $1.67 million in Q3 2023, with gross margin reaching 19%. The company ended the quarter with $3.92 million in cash.Research and development expenses increased by $387,000 to $2.23 million due to higher salary and recruiting costs, while sales and marketing expenses decreased by $421,000 to $983,000. General and administrative expenses rose by $833,000 to $2.26 million, primarily due to increased investor relations expenses and legal fees.The company raised significant capital through multiple offerings in 2024, including $10 million from a February public offering and approximately $11 million from subsequent offerings through May. Despite the improved revenue and fundraising success, management indicated additional funding will be needed in Q4 2024 to support operations for fiscal year 2025, as the company continues to invest in its wireless sound technology development.
WiSA Technologies reported Q3 2024 revenue of $1.17 million, up 52% from $769,000 in Q3 2023, driven by a $726,000 increase in Components sales. Gross profit improved to $226,000 compared to a deficit of $1.67 million in Q3 2023, with gross margin reaching 19%. The company ended the quarter with $3.92 million in cash.Research and development expenses increased by $387,000 to $2.23 million due to higher salary and recruiting costs, while sales and marketing expenses decreased by $421,000 to $983,000. General and administrative expenses rose by $833,000 to $2.26 million, primarily due to increased investor relations expenses and legal fees.The company raised significant capital through multiple offerings in 2024, including $10 million from a February public offering and approximately $11 million from subsequent offerings through May. Despite the improved revenue and fundraising success, management indicated additional funding will be needed in Q4 2024 to support operations for fiscal year 2025, as the company continues to invest in its wireless sound technology development.
WiSA Technologies报告2024年第三季度营业收入为117万美元,比2023年第三季度的769,000美元增长了52%,主要得益于元件销售增加726,000美元。毛利润改善至226,000美元,而2023年第三季度则出现了167万美元的亏损,毛利率达到19%。公司在季度末拥有392万美元的现金。由于工资和招聘成本上升,研发费用增加387,000美元,达到223万美元,而销售和市场费用减少421,000美元,降至983,000美元。一般和管理费用增加833,000美元,达到226万美元,主要是由于投资者关系费用和法律费用的增加。公司在2024年通过多次融资募集了大量资金,包括从2月的公开发行中筹集的1000万美元和截至5月的后续融资大约1100万美元。尽管营业收入和筹资成功有所改善,管理层表示在2024年第四季度将需要额外资金来支持2025财政年度的运营,因为公司继续投资于其无线音频科技的开发。
WiSA Technologies报告2024年第三季度营业收入为117万美元,比2023年第三季度的769,000美元增长了52%,主要得益于元件销售增加726,000美元。毛利润改善至226,000美元,而2023年第三季度则出现了167万美元的亏损,毛利率达到19%。公司在季度末拥有392万美元的现金。由于工资和招聘成本上升,研发费用增加387,000美元,达到223万美元,而销售和市场费用减少421,000美元,降至983,000美元。一般和管理费用增加833,000美元,达到226万美元,主要是由于投资者关系费用和法律费用的增加。公司在2024年通过多次融资募集了大量资金,包括从2月的公开发行中筹集的1000万美元和截至5月的后续融资大约1100万美元。尽管营业收入和筹资成功有所改善,管理层表示在2024年第四季度将需要额外资金来支持2025财政年度的运营,因为公司继续投资于其无线音频科技的开发。
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