Slide 1: High-quality Wireless Spatial Audio
High-quality Wireless Spatial Audio WiSA Technologies, Inc. Fourth Quarter 2022 Results March 16, 2023
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation of WiSA 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 Securities Exchange Act of 1934, as amended. Reader
Slide 3: Overview of Business
Overview of Business • WiSA E is a compelling technology advancement • WiSA DS is being specified for design and building of SB • Marketing focused immersive audio products with Atmos upfiring speakers • Consumer electronics industry is still in a slump from overbuilding and weak consumer demand • O
Slide 4: Bringing Spatial Audio to the Mass Markets
Bringing Spatial Audio to the Mass Markets WiSA’s vision is to become the spatial audio standard across the audio marketplace and become natively embedded in OEM SoCs Enter the marketplace by selling Leverage success in high-end market to gain mass market Establish WiSA as the standard for audiophil
Slide 5: CES Demo's and Asian Roadshow
CES Demo’s and Asian Roadshow • 22 separate companies • WiSA HT – 5.1.2 ATMOS Still perceived as the industry leader for best performance for wireless audio • WiSA DS – 5.1.4 ATMOS Soundbar Its 3D sound mesmerized, but its target price surprised everyone • WiSA E – 5.1 Blew their socks off wit
Slide 6: WiSA DS – Customer Response
WiSA DS – Customer Response Relative to Primary Competitor: • More audio channels • Stronger wireless performance WiSA DS • Lower Price < $15 for wireless modules Tx WiSA DS Rx
Slide 7: WiSA DS in Soundbars
WiSA DS in Soundbars • Multiple design starts in smaller companies • RFQs (requests for quote) from larger audio brand to ODMs specifying WiSA DS has begun • Compelling consumer audio experience: Feature Sonos Arc Platin Audio Rio MSRP $899 $899 Rear speakers No Yes Sub Woofer No Yes Rear upfiring s
Slide 8: WiSA E TV Integration Benefits
WiSA E TV Integration Benefits Consumer is paying for two devices (TV and soundbar) that have the duplicative functionality, except connectivity to external audio speakers Soundbar Impact of WiSA E integrated into TV Wi-Fi Chip Added to TV (phase I, eliminated with IP) Eliminate RF Module expense Do
Slide 9: WiSA Wave and Marketing
WiSA Wave and Marketing • 2022 WiSA Wave results: • 1M+ visitors, 2.1M page views • Mid-year 2022 marketing pivoted from WiSA to WiSA Certified with Platin Audio products • Increased consumer awareness of WiSA as measured through organic visitors • Streamlined buying process of Platin Audio speakers
Slide 10: State of the Industry
State of the Industry • CE industry has a glut of inventory from lower consumer demand post Covid • Impacting our sales as customers push back/cancel POs • Will continue to impact first half 2023 • Expect full year growth YOY based on: • New WiSA HT designs going into production • New WiSA DS design
Slide 11: Financial Overview
Financial Overview Full Year 2022 Revenue • $3.4M revenue, down 49% vs. $6.5M in 2021 ($ in M) $6.5 • 11.7% gross margin, vs. in 28.5% in 2021 • $18.4M opex, including $2.2M of non-cash, vs. $13.4M, including $1.5M of non-cash in 2021 • $0.9M revenue for each of last 3 quarters 2022 • $2.9M cash 12/
Slide 12: Key Highlights
Key Highlights Highly-differentiated multichannel wireless audio technology with implementations in 1 premium audio brands World-class premium technology ported to low-cost IoT chips to address mass market 2 audio systems with software roadmap to address TAM of over 2 billion units Establishment and
Slide 13: WiSA and Platin Audio
WiSA and Platin Audio