WISA TECHNOLOGIES INC
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
View on SEC.govAbout 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.
Jun 30, 2024 · Filed Aug 14, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
For the three and six months ended June 30, 2024 and 2023
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended June 30, · · Six Months Ended June 30, | ||||||||||||
| | 2024 | 2023 | 2024 | 2023 | ||||||||
| | | | | | | | | | | | | |
| Revenue, net | | $345 | $425 | | $600 | $894 | ||||||
| Cost of revenue | | 334 | 626 | | 672 | 2,348 | ||||||
| Gross profit (deficit) | | 11 | (201) | | (72) | (1,454) | ||||||
| Operating Expenses: | | | | | | | ||||||
| Research and development | | 1,789 | 1,933 | | 3,504 | 3,826 | ||||||
| Sales and marketing | | 865 | 1,089 | | 1,794 | 2,383 | ||||||
| General and administrative | | 2,762 | 1,470 | | 4,193 | 2,832 | ||||||
| Total operating expenses | | 5,416 | 4,492 | | 9,491 | 9,041 | ||||||
| Loss from operations | | (5,405) | (4,693) | | (9,563) | (10,495) | ||||||
| | | | | | | | | | | | | |
| Interest expense, net | | (4) | (37) | | (1,269) | (760) | ||||||
| Change in fair value of warrant liabilities | | (37,255) | 246 | | (29,126) | 5,850 | ||||||
| Loss on debt extinguishment | | | — | | | (837) | | | — | | | (837) |
| Other expense, net | | (1) | (3) | | — | (3) | ||||||
| Loss before provision for income taxes | | (42,665) | (5,324) | | (39,958) | (6,245) | ||||||
| Provision for income taxes | | — | 2 | | — | 2 | ||||||
| Net loss | | | (42,665) | | (5,326) | | | (39,958) | | (6,247) | ||
| 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 | | $(42,665) | | $(5,326) | | $(45,800) | | $(6,247) | ||||
| Net loss per common share - basic and diluted | | $(11.89) | $(180.18) | | $(21.95) | $(303.28) | ||||||
| Weighted average number of common shares used in computing net loss per common share | | 3,587,122 | 29,560 | | 2,086,312 | 20,598 | ||||||
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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.