WISA TECHNOLOGIES Files 8-K with Financial Updates

Ticker: DVLT · Form: 8-K · Filed: May 22, 2024 · CIK: 1682149

Sentiment: neutral

Topics: financial-reporting, company-update

TL;DR

WISA TECHNOLOGIES dropped an 8-K on 5/21 with financial and operational updates. Check it out.

AI Summary

On May 21, 2024, WISA TECHNOLOGIES, INC. filed an 8-K report detailing a significant event. The filing includes information regarding Results of Operations and Financial Condition, Regulation FD Disclosure, and Financial Statements and Exhibits. The company, formerly known as Summit Wireless Technologies, Inc., is based in Beaverton, Oregon.

Why It Matters

This 8-K filing provides crucial updates on WISA TECHNOLOGIES' financial condition and operational results, which can impact investor decisions and market perception.

Risk Assessment

Risk Level: medium — 8-K filings often contain material information that can lead to stock price volatility, requiring careful investor attention.

Key Players & Entities

FAQ

What specific financial results or operational updates are detailed in this 8-K filing?

The filing indicates it covers 'Results of Operations and Financial Condition' but does not provide specific figures within the provided text.

What other information is included in this 8-K filing besides financial results?

The filing also includes 'Regulation FD Disclosure' and 'Financial Statements and Exhibits'.

When was the earliest event reported in this filing?

The earliest event reported is dated May 21, 2024.

What was WISA TECHNOLOGIES, INC. formerly known as?

WISA TECHNOLOGIES, INC. was formerly known as Summit Wireless Technologies, Inc.

Where is WISA TECHNOLOGIES, INC. located?

The company's business address is 15268 NW Greenbrier Pkwy, Beaverton, OR 97006.

Filing Stats: 687 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-05-22 16:05:35

Key Financial Figures

Filing Documents

02

Item 2.02 Results of Operations and Financial Condition. On May 21, 2024, WiSA Technologies, Inc. (the "Company") issued a press release announcing its financial and business highlights for the quarter ended March 31, 2024. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K ("Form 8-K") and is incorporated herein by reference. Additionally, on May 21, 2024, the Company hosted a conference call to deliver to the Company's stockholders a presentation of the Company's first quarter results. The Company released presentation materials that incorporate, among other items, the Company's first quarter 2024 update, its WiSA E initiatives, recent business highlights and its stockholders meeting to be held on May 31, 2024. The presentation materials for the conference call are hereby furnished as Exhibit 99.2 to this Form 8-K and are incorporated herein by reference.

01

Item 7.01 Regulation FD Disclosure. During the conference call with the Company's stockholders, the Company discussed the expected monthly operating expenses of approximately $900,000 for the next few quarters. The Company's management evaluates the Company's operations and expenses on an ongoing basis and intends to target such amount of monthly operating expenses during such period. The actual amounts in the short term are expected to be higher than the targeted amount due to the needs of ongoing projects. A transcript of the conference call is hereby furnished as Exhibit 99.3 to this Form 8-K and is incorporated herein by reference. The information contained in this Form 8-K provided under Item 2.02 and Item 7.01 and Exhibits 99.1, 99.2 and 99.3 attached hereto are furnished to, but shall not be deemed filed with, the U.S. Securities and Exchange Commission (the "SEC") or incorporated by reference into the Company's filings under the Securities Act of 1933, as amended (the "Securities Act"), or the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release, dated May 21, 2024. 99.2 May 21, 2024, Presentation Materials. 99.3 May 21, 2024 Earnings Call Transcript 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 22, 2024 WISA TECHNOLOGIES, INC. By: /s/ Brett Moyer Name: Brett Moyer Title: Chief Executive Officer

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