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WiSA Stock Value Crashes on News of New Stock Issue & Possible ‘Strategic Transaction’

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Image from WiSA website

Current Stock Price Violates NASDAQ Listing Rule…Again

On Monday, WiSA Technologies, a developer and licensor of spatial, wireless sound technology, publicly announced the pricing of a new $4.8 million public offering of Series B convertible redeemable preferred stock and warrants. Separately, and a little less publicly, the company also filed a Form 8K with the Securities and Exchange Commission (SEC) revealing that it is “pursuing a potential strategic transaction.”

The result of both of these pieces of news is that the company’s stock value nosedived as investors turned thumbs down on this latest turn of events at the troubled organization.

See more on the new WiSA problematical issues

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CEDIA Expo 23: We’re Going to Need Crowd Control

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Another busy day at CEDIA Expo 23

The crowds on Day 2 of CEDIA Expo 23 were equally as impressive, if not more so, as they were on Day 1. I had a mid-day meeting at the Snap One booth and as you can see in the image above, I couldn’t even get into the booth! Of course, I can only give you my impressions as there is no official count as I write this, but to my eyes it sure looks like attendance is going to be a pleasant surprise when Emerald announces the final count.

See more on Day 2 results in my final show report

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A Reinvigorated Crestron Says, ‘Welcome Home’ With New Crestron HOME OS 4 Release

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Crestron residential showroom for Crestron Home
Crestron’s new residential showroom in Rockleigh, NJ [Click to enlarge]

Crestron Electronics Corp. (Crestron), one of the largest and most popular custom integration control brands delivering literally thousands of products to both the commercial and residential smart home channels, announced today the launch of Crestron Home OS 4. This exciting new update brings much to the party, not only a more polished and graphically appealing look and feel but also a more intuitive end-user operability. Oh, and not to mention, some exciting new functionalities.

All of which, I got to see for myself in the company’s completely renovated residential-specific showroom. This company is on the move…

See more on Crestron Home OS 4 and my visit to the company…

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UEI – This May be the Canary in the Coal Mine We Need to Pay Attention To

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A slide from a UEI investor presentation

Universal Electronics, Inc. (UEI), (NASDAQ: UEIC) released the results of their fiscal 2022 fourth quarter (Q4) and full year (FY) at the end of last week and their mixed performance was not well received by investors skittish over the economic outlook for 2023. Although gross margins improved slightly for the fourth quarter, for the full year gross margins declined, revenues were down, operating income declined, and the company saw its net income dramatically lowered.

UEI is one of the companies I watch as it can give a sense of the changing economic outlook for the overall consumer electronics market. And that fact makes this latest report a little troubling.

Learn more about UEI’s results for fiscal 2022…

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CEDIA Expo Gives the Cold Shoulder to Any Media Not Named CE Pro

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CEDIA Expo

It’s a remarkable event when someone can claim a legitimate first. In all my years in this crazy Tech business, those firsts are getting fewer and further between. But Emerald Expositions, owner of the CEDIA Expo trade show can claim a legitimate first that I have never seen before from any show. They gave the cold shoulder to any media organization not named CE Pro.

Usually, shows want good media relations across the board with happy media writing positive stories and building an upbeat buzz about their event. Not Emerald…they are quite satisfied to help just one media outlet to run positive stories about their event…their very own CE Pro.

See how Emerald and CEDIA Expo give the media the cold shoulder

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What to Expect at CEDIA Expo 2022

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CEDIA Expo 2022 will be in the Kay Bailey Hutchinson convention center in Dallas

Finally, after two years without a real show – absolutely no show in 2020, and a very tiny one in 2021 – the industry comes together again for its one big show of the year – the CEDIA Expo 2022. Although not technically post-COVID, at least the situation is improving to the point where the world is beginning a return to something that approaches normal. And that brings us to now, the relaunching of live in-person events like the CEDIA Expo in Dallas, TX. But what can you expect if you head to Dallas and Expo?

See what to expect in Dallas at CEDIA 2022…

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Senate Finally Takes Action on CHIPS Act, Setting the Stage for Its Passage

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Photo of semiconductors or chips, the Senate finally takes action
[Photo: REUTERS/Florence Lo/Illustration]

More than a year after its initial introduction, and in the wake of chip manufacturers threatening to scale back their U.S. projects, the United States Senate finally took action on Tuesday to move forward on the bill known as the CHIPS Act. After months of at times heavy discussion/arguing, the stage is set for both the House of Representatives and the Senate to vote on its passage, perhaps as early as next week.

See more on this development with the CHIPS Act

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With Demand Slack & Inventory Levels Building, Samsung Cuts Procurement

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Samsung logo

Is an Industrywide Slowdown in Tech Beginning?

Samsung Electronics is taking action to hold back on procurement orders and asking suppliers for concessions, such as delayed deliveries, order reductions, and more in the wake of a concerning buildup of inventory. While the action is said to be temporary, concerns over a slowing global economy make it difficult to determine how long the company will deem these actions are necessary.

See more on Samsung’s actions to cut inventory buildup

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CEDIA Revitalization Continues as New Administration Rethinks Education

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Entrance to CEDIA Expo

See What Education CEDIA has Planned for Expo 2022

In a special briefing for the media, new CEDIA Vice President of Education and Training Amanda Beckner revealed the organization’s upcoming program for this year’s CEDIA Expo coming this Fall. It was instantly clear that Beckner, formerly involved with AVIXA education, completely understands both the importance of and the unique demands of education in a technical association.

It was also clear that the Association is taking a fresh look at ways to elevate CEDIA’s education to the next level. And that is a good thing.

See what Beckner shared about CEDIA education and show plans

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Final Curtain Falls as Main Onkyo Company Declares Bankruptcy

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Onkyo system on display in Japan
Onkyo system on display in Japan [PHOTO: The Nikkei]

BREAKING NEWS

Today in Osaka District Court in Osaka, Japan, Onkyo Home Entertainment Co. Ltd. (formerly Onkyo Corp.) filed for bankruptcy ending a long and storied history of innovative audio products. The action was taken less than a month after the company declared bankruptcy for two of its major subsidiaries in April. Now, the parent company has fallen as well…

See more on the Onkyo bankruptcy…

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