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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財年三季報
美股SEC公告 ·  2024/11/15 05:36

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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報告2024年第三季度營業收入爲117萬美元,比2023年第三季度的769,000美元增長了52%,這得益於元件銷售增加了726,000美元。毛利潤改善至226,000美元,而2023年第三季度則出現了167萬美元的虧損,毛利率達到了19%。公司在本季度結束時現金達到392萬美元。研發費用因薪資和招聘成本上升增加了387,000美元,達到223萬美元,而銷售和營銷費用減少了421,000美元,降至983,000美元。一般及行政費用則上升了833,000美元,達到了226萬美元,這主要是由於投資者關係費用和法律費用的增加。公司在2024年通過多次融資籌集了大量資金,包括在2月份的公開募股中獲得的1000萬美元以及至5月的後續募股中獲得的約1100萬美元。儘管營業收入和融資取得了成功,管理層表示,2024年第四季度將需要額外的資金來支持2025財年的運營,因爲公司繼續投資於其無線音頻科技的發展。
WiSA Technologies報告2024年第三季度營業收入爲117萬美元,比2023年第三季度的769,000美元增長了52%,這得益於元件銷售增加了726,000美元。毛利潤改善至226,000美元,而2023年第三季度則出現了167萬美元的虧損,毛利率達到了19%。公司在本季度結束時現金達到392萬美元。研發費用因薪資和招聘成本上升增加了387,000美元,達到223萬美元,而銷售和營銷費用減少了421,000美元,降至983,000美元。一般及行政費用則上升了833,000美元,達到了226萬美元,這主要是由於投資者關係費用和法律費用的增加。公司在2024年通過多次融資籌集了大量資金,包括在2月份的公開募股中獲得的1000萬美元以及至5月的後續募股中獲得的約1100萬美元。儘管營業收入和融資取得了成功,管理層表示,2024年第四季度將需要額外的資金來支持2025財年的運營,因爲公司繼續投資於其無線音頻科技的發展。
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