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WiSA Runs Afoul of Another NASDAQ Rule; A Delisting Action has Begun

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WiSA website

Company Calls a Special Shareholders Meeting Today

The trials and travails of WiSA Technologies (NASDAQ: WISA) appear to be continuing, if not accelerating, as the company said it has received a new notification from the Nasdaq stock exchange informing the company that its stock has violated yet another rule of the exchange, triggering a new instant delisting process. And this all took place in the wake of it just having won an additional 180-day extension period to try and cure a previous violation of a different rule from 2022. So what happens now?

See what new trouble WiSA finds itself in…

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More Tech Layoffs are Revealed as Google Cuts 12,000 Jobs

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Google show booth

UPDATE to ‘Tech Takes a Turn…Downward’ Post Seen Here

Just one day after I posted the story Tech Takes a Turn…Downwards, we learned of more layoffs hitting tech, including Google parent Alphabet, Spotify, Vox Media, and more. These additional reports of even more tech layoffs only help to affirm the reality of a slowdown hitting big tech and other areas that are adjacent to tech, such as media focused on tech.

See more layoff news in tech and tech-adjacent areas

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Tech Takes a Turn…Downward

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Photo: Jovelle Tamayo for The New York Times

After several years of dizzying growth, the technology sector is now experiencing a notable downturn, as the post-COVID era has brought a combination of higher prices (inflation) and lower demand. In response, 2022 saw significant job cuts at major Big Tech brands that have continued on into 2023. That includes this Wednesday when Microsoft announced it was cutting 10,000 jobs – after a 1,000 job cut in October 2022 – another big blow to Tech.

But what about the more specific segments like consumer electronics and custom integration?

See the latest on tech taking a turn downward…

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Masimo, Parent of Sound United, Scores Big Win in Patent Action Against Apple

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United States International Trade Commission logo

Masimo (NASDAQ: MASI), a medical products manufacturer who also owns audio products maker Sound United, said this week that a U.S. International Trade Commission (USITC) Administrative Law Judge in Washington D.C. has ruled that Apple, Inc. (NASDAQ: AAPL) has violated Section 337 of the Tariff Act of 1930 by importing and selling models of their Apple Watch that incorporate light-based pulse oximetry technology that infringes on two of Masimo’s patents. Apple first introduced its pulse oximeter sensor in their Apple Watch Series 6 in 2020 and continues to incorporate it into models up to the current series.

See more on the Masimo patent win over Apple

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Facing NASDAQ Delisting, WiSA Given Addt’l 180 Days to Achieve Compliance

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Image from WiSA website

WiSA Technologies, Inc. (NASDAQ: WISA), a developer of spatial, wireless sound technology for smart devices and home entertainment systems, announced recently that it has received an additional 180-day extension of the compliance period by the NASDAQ stock market. The purpose of the extension is to give the company additional time, until June 20, 2023, to regain compliance with NASDAQ’s minimum bid rule.

Learn all about a WiSA violation of the NASDAQ rule on minimum bid level

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Draper Factory Tour: 400k sq. ft. of Innovation, Customization & Variety

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See How Shades, Projection Screens & Custom Structures for LED Panels are Made

Hop on I-70 and head East out of Indianapolis for around forty-five minutes or so and you’ll arrive in Spiceland, a quiet, rural village of under 1,000 people that with its brick church, quaint bandstand in the park, and a picturesque running stream, feels as country-style homey as you could imagine. What brought me to Spiceland? I came to visit the town’s largest employer and Henry County’s (named for patriot Patrick Henry) second-largest employer – Draper, a manufacturer of leading projection screens and roller shades.

See more on my visit to the Draper HQ & factory in Spiceland…

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Masimo, Sound United Parent, to Expand Denon’s HEOS System

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Masimo image showing Sound United brand HEOS

Company Finally Gives a Glimpse of Its Sound United Strategy

In what may turn out to be the best test yet of Masimo’s long-term plans for Sound United, the company announced today that it is launching an expansion of HEOS, the wireless home system initially developed by the company’s Denon division as part of a whole-home wireless music system. When Masimo acquired Sound United back in February of this year, Denon’s “cloud-connected home ecosystem” was one of the items it specifically mentioned as what attracted them to make the acquisition.

With today’s announcement, the company says that the launch of this “…expansion of the HEOS platform [will] provide a robust and always-on connection to the Masimo Health secure cloud.”

See more on this latest announcement by Masimo

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WiSA Raises $7.6 Million in Public Offering; Takes Down ‘For Sale’ Sign & Launches App

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WiSA Technologies, Inc. (NASDAQ: WISA), “a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems,” announced recently that it has successfully closed on a $7.6 million public offering…breathing new life into the struggling organization. The offering was made pursuant to an S-1 filing with the SEC, which declared the registration as effective on November 29, 2022.

See more on this news from WiSA Technologies…

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Savant Power Raises Savant’s Power in the Market by Partnering with Sunnova

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Sunnova, new partner of Savant

Savant Systems, Inc. (Savant) announced on Monday it’s Savant Power division has partnered with heavyweight energy solutions and services provider Sunnova Energy International, Inc. (Sunnova) (NYSE: NOVA). This is the kind of deal that can turbocharge Savant’s growth in the energy monitoring and control segment – a segment in which they are already a leader in the custom integration space.

Learn all about this deal between Savant Power and Sunnova…

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Amazon Alexa and Devices Division On Pace to Lose $10B; Div. in Crisis Mode

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Photo from Amazon Keynote
Charlie Kindel, then with Amazon, pitches Alexa and tells integrators that Amazon wants to work with them at CEDIA Expo 2016

This has to rank up there with one of the most spectacular product failures in tech history. According to leaked documents acquired by Insider, Amazon’s “Worldwide Digital” unit – the unit that includes Echo smart speakers, Alexa voice technology, and Prime Video streaming – lost over $3 billion in just the first quarter of this year. It is on pace to lose $10 billion for the year and the company has announced its largest layoffs ever – cutting more than 10,000 jobs…many targeted to hit this division specifically…as Amazon reorients their business strategy.

See the latest news on the failing Amazon Alexa business

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