secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001104659-23-061552
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WiSA Q1 rev $0.5M, gross margin -267%; LOI to buy Comhear, sees 2024 rev $10-15M
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- Q1 2023 revenue $0.5M vs $0.6M Q1 2022; gross margin negative 267% due to $1.3M inventory reserve.
- Cash at March 31, 2023: $5.3M; April 2023 offered $1.2M gross; paid off Senior Secured Convertible Note.
- Signed non-binding LOI to acquire Comhear (AI adaptive audio); expected close Q3 2023, accretive Q4 2023.
- Guidance: full 2023 revenue growth; post-acquisition 2024 revenue guided $10M-$15M.
- Definitive agreements expected June 2023; proxy for shareholder approval planned for July 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923061552/0001104659-23-061552-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923061552/tm2316008d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-061552

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer