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WiSA Technologies, Inc. (WISA) Q1 2023 Earnings Call Transcript

WiSA Technologies, Inc. (WISA) Q1 2023 Earnings Call Transcript

WiSA Technologies, Inc. (NASDAQ:WISA) Q1 2023 Earnings Conference Call May 16, 2023 8:30 AM ET

Company Participants

David Barnard – LHA Investor Relations

Brett Moyer – Chief Executive Officer, President and Chairman

Mike Binn – Senior Vice President, Business Marketing, Comhear

Conference Call Participants

James McIlree – Dawson James

Jack Vander Aarde – Maxim Group

Operator

Good morning and welcome to the WiSA Technologies First Quarter 2023 Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to David Barnard, Investor Relations. Please go ahead.

David Barnard

Thank you, Andrea and thank you all for joining us today. With us today on the call are Brett Moyer, CEO and President; and CFO, Jeff Oliva; and Mike Binn, SVP of Business Marketing from Comhear,

Before turning the call over to Brett, I’d like to remind everyone that today’s presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934 as amended.

Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting WiSA’s business, including current macroeconomic uncertainties associated with the COVID-19 pandemic, our inability to predict or measure supply chain disruptions resulting from the COVID-19 pandemic and other drivers.

Our ability to predict the timing of design wins, entering production and the potential future revenue associated with design wins, rate of growth, the ability of future revenue associated with design wins and predict customer demand for existing and future products to secure adequate manufacturing capacity, consumer demand conditions affecting consumers’ end markets, and the ability to hire retain and