Slide 1: High-quality Wi-Fi Audio: Q1 2022 Investor Call
NASDAQ: WISA High-quality Wi-Fi Audio Delivering Immersive Sound WiSA Technologies, Inc. Q1 2022 Investor Call May 11, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation of WiSA Technologies Inc., formerly Summit Wireless Technologies, Inc. (NASDAQ: WISA) (the “Company” or “WiSA”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securit
Slide 3: Historically, Immersive Audio was Confined to the Home Theater
Historically, Immersive Audio was Confined to the Home Theater WiSA technology enabled immersive home theater audio quality over wireless speakers Leadership in Wireless Audio Opportunities for Market Growth Precise synchronization of audio and video Ubiquitous fast Wi-Fi Extremely low latency Proli
Slide 4: WiSA in Production with Quality Audio Market Leaders
WiSA in Production with Quality Audio Market Leaders WiSA has defined and implemented the industry standard for wireless transmission of high-resolution, high-reliability wireless audio Unmatched market leadership in wireless audio for home theater Ensuring interoperability among high-quality wi
Slide 5: Expansion of Consumer Awareness of WiSA
Expansion of Consumer Awareness of WiSA New branding strategy increases visibility of cool products not branded interoperable!
Slide 6: WiSA Product Families
WiSA Product Families WiSA Technologies’ recent product and partnership announcements focus on bringing the same technical know-how to build and market wireless spatial technology for mass-market products. Development of WiSADS and WiSAE is driving increased patent filings. ASIC Vendor Price High Ho
Slide 7: Audio Market Segmentation
Audio Market Segmentation Audiophile System Audio A/S Sonos Consumer JBL LG Hisense Bose Martin Logan Denon Polk Klipsch Sony ELAC HARMAN Insignia LG Vizio Samsung Bowers & Nakamichi KEF Wilkins Logitech Yamaha Definitive
Slide 8: Moving Towards Lower Costs and Ubiquity
Moving Towards Lower Costs and Ubiquity Current + Launching + Next 2022 2023 Proprietary Low-cost IoT Embedded Module Chip Modules Software/IP Corporate and Vendor Product Product Presentation Technical Design Cycle Qualification
Slide 9: WiSADS - March 2022 – Customer Response
WiSADS - March 2022 – Customer Response Relative to Primary Competitor: • More audio channels WiSADS Tx • Stronger wireless performance • Lower Price < $15 for wireless modules Customer Engagement: • Dominant traction is with: • Soundbars • TVs • Automotive After market WiSADS Rx Summit Wireless Pro
Slide 10: Soundbars: Target Market of Discovery Technology
Soundbars: Target Market of Discovery Technology Soundbars Units* 2022 Projected Soundbar SAM** 52.1 (in Ms) 48.3 Audio Configuration WiSADS Soundbar units (Ms) 41.8 44.9 Market Share 5% 41.8 WiSA Systems (Ms) 2.1 38.7 Speakers per configuration 3 Transmitters per system 1 35.8 Modules (Ms) 8.4 Modu
Slide 11: WiSA Delivers the Open Wi-Fi Transport for High-Quality Wireless Audio
WiSA Delivers the Open Wi-Fi Transport for High-Quality Wireless Audio • Audio source devices and speakers shared on common Wi-Fi network • Combine multiple speakers to create spatial audio sound fields • Seamlessly mix and match audio sources and speakers/headsets as desired
Slide 12: WiSA Growth Continues
WiSA Growth Continues Annual Website Traffic ~4,000,000 Revenue and Growth YOY Number of unique users ~40% 172% 2,100,000 520,000 in Q1 2022A 41% vs. 140,000 in 31% 365,800 Q1 2021 A 26,200 2019 A 2020 A 2021 A 2022 E 2019A 2020A 2021A 2022E
Slide 13: Q1 2022 Revenue & Gross Margin
Q1 2022 Q1 ‘22 Revenue & Gross Margin • $566K revenue, down 51% vs. Q1 ’21 ($ in M) ~$9.2 • 11% gross margin, down from 26% in Q1 ‘21 • $4.0M opex, including $0.5M of non-cash, vs. 29% $3.0M, including $0.3M of non-cash in Q1 ’21 $6.5 • $3.9M net loss, vs. $3.3M in Q1 ’21 • $9.1M cash 3/31/2022 2022
Slide 14: Summary Slide – WiSA Technologies, Inc.
Summary Slide – WiSA Technologies, Inc. • Technology roadmap expands WiSA from Audiophile market to broad immersive audio consumer market with 1+B unit TAM • Strong customer engagement at all stages of sales cycle – evaluations, roadmaps, and designs • Expanding IP portfolio with numerous IP softwar