WiSA Technologies Q4 revenue $0.9M, gross margin 2% vs 30% YoY; expects $1.1M lower opex in Q1 2023

Datavault AI Inc.

Q4 2022 revenue $0.9M, down from $2.0M in Q4 2021; flat vs Q3 2022.
Gross margin fell to 2% in Q4 2022 from 30% in Q4 2021 and 14% in Q3 2022.
Cash and equivalents $2.9M at Dec 31, 2022; closed $6.2M financing in Feb 2023.
Management expects operating expenses to decline ~$1.1M in Q1 2023 vs Q4 2022.
Full-year 2023 revenue growth expected from new designs and Platin Audio Rio 5.1.4 Soundbar launch.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Datavault AI Inc. reported Q4 2022 results: revenue $0.9 million. Guidance initiated.

Period: Q4 2022
Revenue: $0.9 million
Guidance: initiated
Result: reported results

Exact text from the filing

Q4 2022 revenue was $0.9 million, compared to $2.0 million in Q4 2021 and $0.9 million in Q3 2022.

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Source: SEC EDGAR

accession 0001104659-23-033981

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