Business Context and Reporting Period
This Form 8-K was filed by WiSA Technologies, Inc. (not Datavault AI Inc.) on May 16, 2023. The filing serves to announce financial and business highlights for the quarter ended March 31, 2023. The company is incorporated in Delaware and trades on the Nasdaq Capital Market under the symbol WISA.
Key Financial Metrics
The provided text does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being detailed in the attached press release (Exhibit 99.1) and presentation materials (Exhibit 99.2), which are incorporated by reference but not included in the text of this filing.
Material Changes
The filing text does not explicitly state material changes versus the prior comparable period. It indicates that such updates, including expected customer product rollouts and projected growth, were presented during a conference call and are contained within the attached exhibits.
Guidance, Outlook, and Risks
Management provided an update on the following items during the May 16, 2023 conference call and in the attached presentation materials:
- First quarter 2023 results.
- Expected customer product rollout.
- Projected growth.
- Financial guidance.
The filing explicitly states that the information in Item 2.02 and the attached exhibits is furnished but not filed with the SEC and shall not be deemed incorporated by reference into other company filings.
Investor Verification Checklist
- Verify the correct registrant name is WiSA Technologies, Inc., not Datavault AI Inc.
- Review Exhibit 99.1 (Press Release) for specific Q1 2023 revenue and profit figures.
- Review Exhibit 99.2 (Presentation Materials) for detailed financial guidance and product rollout timelines.
- Note that the financial data in this 8-K is furnished information and not formally filed with the SEC.