WISA TECHNOLOGIES INC

For the period ended Mar 31, 2024. Filed May 20, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 20, 2024

DVLT$0.06+3.5%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations


· · Three Months Ended March 31,
	2024		2023

Revenue, net		$255		$469
Cost of revenue		338		1,722
Gross deficit		(83)		(1,253)
Operating Expenses:
Research and development		1,715		1,893
Sales and marketing		929		1,294
General and administrative		1,431		1,362
Total operating expenses		4,075		4,549
Loss from operations		(4,158)		(5,802)

Interest expense, net		(1,265)		(723)
Change in fair value of warrant liabilities		8,129		5,604
Other expense, net		1		—
Income (loss) before provision for income taxes		2,707		(921)
Provision for income taxes		—		—
Net income (loss)		2,707		(921)
Deemed dividend on conversion of Series B preferred for common stock and repurchase of Series B preferred stock		(5,842)		—
Net loss attributable to common stockholders		$(3,135)		$(921)
Net loss per common share - basic and diluted		$(5.35)		$(79.84)
Weighted average number of common shares used in computing net loss per common share		585,500		11,536

Note: Share and per share amounts have been retroactively adjusted to reflect the impact of a 1-for-100 reverse stock split effected in January 2023 as well as a 1-for-150 reverse stock split effected in April 2024, as discussed in Note 1.

ContentsView on SEC.gov

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