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WiSA Technologies | 10-Q: Q1 2024 Earnings Report

WiSA Technologies | 10-Q: Q1 2024 Earnings Report

WiSA Technologies | 10-Q:2024財年一季報
美股SEC公告 ·  05/20 17:02

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WiSA Technologies, an emerging tech company specializing in wireless sound technology, reported a decrease in revenue for Q1 2024, with $255,000 compared to $469,000 in Q1 2023, marking a 46% decline. This was attributed to a slowdown in consumer spending on electronics, impacting Consumer Audio Product sales and Component revenue. Despite the revenue drop, the company saw an improvement in gross deficit, reducing it to ($83,000) from ($1,253,000) in the previous year, mainly due to no increases in inventory reserves. Operating expenses saw mixed results; research and development expenses decreased by $178,000, and sales and marketing expenses were down by $365,000, while general and administrative expenses increased slightly by $69,000. Interest expenses rose to $1,265,000 due to debt amortization. The company's net income was $2,707,000, and cash and cash equivalents stood at $2,763,000 as of March 31, 2024. WiSA Technologies launched its second-generation technology, WiSA E, which offers seamless integration across platforms and devices. The company's future plans include raising additional funds through equity securities and debt instruments to support operations beyond Q2 2024.
WiSA Technologies, an emerging tech company specializing in wireless sound technology, reported a decrease in revenue for Q1 2024, with $255,000 compared to $469,000 in Q1 2023, marking a 46% decline. This was attributed to a slowdown in consumer spending on electronics, impacting Consumer Audio Product sales and Component revenue. Despite the revenue drop, the company saw an improvement in gross deficit, reducing it to ($83,000) from ($1,253,000) in the previous year, mainly due to no increases in inventory reserves. Operating expenses saw mixed results; research and development expenses decreased by $178,000, and sales and marketing expenses were down by $365,000, while general and administrative expenses increased slightly by $69,000. Interest expenses rose to $1,265,000 due to debt amortization. The company's net income was $2,707,000, and cash and cash equivalents stood at $2,763,000 as of March 31, 2024. WiSA Technologies launched its second-generation technology, WiSA E, which offers seamless integration across platforms and devices. The company's future plans include raising additional funds through equity securities and debt instruments to support operations beyond Q2 2024.
新興科技公司WiSA Technologies的無線音頻技術出現了營收下降,2024年第一季度的營收爲255,000美元,相比2023年第一季度的469,000美元下降了46%。這主要是消費電子產品市場萎縮導致了消費者音頻產品銷量和組件收入下降。儘管收入下降,公司的毛虧損有所改善,從上一年的(1,253,000)美元降至(83,000)美元,這主要是由於庫存準備金沒有增加。營業費用有不同的結果,研發費用減少了178,000美元,銷售和營銷費用下降了365,000美元,而總務費用則略微增加了69,000美元。由於債務攤銷,利息支出上升至1,265,000美元。公司的淨利潤爲2,707,000美元,現金及現金等價物截至2024年3月31日爲2,763,000美元。WiSA Technologies推出了第二代WiSA E技術,可以在平台和設備間實現無縫集成。公司未來的計劃包括通過股權證券和債務工具籌集更多基金類型以支持2024年第二季度以後的運營。
新興科技公司WiSA Technologies的無線音頻技術出現了營收下降,2024年第一季度的營收爲255,000美元,相比2023年第一季度的469,000美元下降了46%。這主要是消費電子產品市場萎縮導致了消費者音頻產品銷量和組件收入下降。儘管收入下降,公司的毛虧損有所改善,從上一年的(1,253,000)美元降至(83,000)美元,這主要是由於庫存準備金沒有增加。營業費用有不同的結果,研發費用減少了178,000美元,銷售和營銷費用下降了365,000美元,而總務費用則略微增加了69,000美元。由於債務攤銷,利息支出上升至1,265,000美元。公司的淨利潤爲2,707,000美元,現金及現金等價物截至2024年3月31日爲2,763,000美元。WiSA Technologies推出了第二代WiSA E技術,可以在平台和設備間實現無縫集成。公司未來的計劃包括通過股權證券和債務工具籌集更多基金類型以支持2024年第二季度以後的運營。
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