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WiSA Technologies | 10-Q: Q2 2024 Earnings Report

WiSA Technologies | 10-Q: Q2 2024 Earnings Report

WiSA Technologies | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/14 16:36

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WiSA Technologies reported Q2 2024 revenue of $345,000, down 19% from $425,000 in Q2 2023, primarily due to lower Consumer Audio Product sales amid a slowdown in consumer electronics spending. The company achieved a small gross profit of $11,000 compared to a gross deficit of $201,000 in the prior year quarter, reflecting improved inventory management.Operating expenses increased to $5.4 million from $4.5 million in Q2 2023, driven mainly by higher investor relations and legal expenses, though partially offset by reduced R&D and marketing costs. The net loss significantly widened to $42.7 million from $5.3 million, largely due to a $37.3 million non-cash loss from changes in warrant liabilities following the April 2024 reverse stock split.The company ended Q2 with $6.1 million in cash, up from $411,000 at year-end 2023, bolstered by several equity offerings raising approximately $20 million during the quarter. However, management indicates additional funding will be needed in Q4 2024 to support operations through 2025, as substantial doubt remains about the company's ability to continue as a going concern.
WiSA Technologies reported Q2 2024 revenue of $345,000, down 19% from $425,000 in Q2 2023, primarily due to lower Consumer Audio Product sales amid a slowdown in consumer electronics spending. The company achieved a small gross profit of $11,000 compared to a gross deficit of $201,000 in the prior year quarter, reflecting improved inventory management.Operating expenses increased to $5.4 million from $4.5 million in Q2 2023, driven mainly by higher investor relations and legal expenses, though partially offset by reduced R&D and marketing costs. The net loss significantly widened to $42.7 million from $5.3 million, largely due to a $37.3 million non-cash loss from changes in warrant liabilities following the April 2024 reverse stock split.The company ended Q2 with $6.1 million in cash, up from $411,000 at year-end 2023, bolstered by several equity offerings raising approximately $20 million during the quarter. However, management indicates additional funding will be needed in Q4 2024 to support operations through 2025, as substantial doubt remains about the company's ability to continue as a going concern.
WiSA Technologies報告2024年第二季度營業收入爲345,000美元,比2023年第二季度的425,000美元下降了19%,主要是由於消費電子支出放緩導致消費音頻產品銷售下降。與去年同期的201,000美元的毛虧損相比,公司實現了11,000美元的小毛利潤,反映了庫存管理的改善。營業費用從2023年第二季度的450萬美元增加到540萬美元,主要受到投資者關係和法律費用上升的推動,但部分被研發和營銷費用的減少所抵消。淨虧損顯著擴大至4270萬美元,來自於2024年4月反向股票分割後,因認股權證負債變化而產生的3730萬美元的非現金虧損。公司在2024年第二季度結束時現金爲610萬美元,較2023年底的411,000美元有所增加,這得益於在該季度進行的幾項股權融資,籌集了約2000萬美元。然而,管理層表示,在2024年第四季度需要額外的資金,以支持運營到2025年,因爲公司能否持續經營存在顯著的疑慮。
WiSA Technologies報告2024年第二季度營業收入爲345,000美元,比2023年第二季度的425,000美元下降了19%,主要是由於消費電子支出放緩導致消費音頻產品銷售下降。與去年同期的201,000美元的毛虧損相比,公司實現了11,000美元的小毛利潤,反映了庫存管理的改善。營業費用從2023年第二季度的450萬美元增加到540萬美元,主要受到投資者關係和法律費用上升的推動,但部分被研發和營銷費用的減少所抵消。淨虧損顯著擴大至4270萬美元,來自於2024年4月反向股票分割後,因認股權證負債變化而產生的3730萬美元的非現金虧損。公司在2024年第二季度結束時現金爲610萬美元,較2023年底的411,000美元有所增加,這得益於在該季度進行的幾項股權融資,籌集了約2000萬美元。然而,管理層表示,在2024年第四季度需要額外的資金,以支持運營到2025年,因爲公司能否持續經營存在顯著的疑慮。
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