Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| So as that rolls out, we hope that -- we expect that to positively impact both traffic coming to WiSA on building the awareness of WiSA itself with consumers as well as driving some additional revenue for us |
| So what do we do in July or August, September, October, and I think you'll find that we really had tremendous success in the launch and getting this product out into the market |
| We think there's a good synergy |
| From a quarterly perspective, Q3 was stronger than we expected |
| We can talk to and engage customers at every level, whether it's the low-cost 2.4 solution, DS, whether it's the embedded solution and direct implementation, we've got an established speaker association that is unparalleled in the industry, and there's 30-plus brands that have designed and used WiSA technology historically that really is partly driving why we've had so many meetings quickly |
| But look, we have a very strong IP position |
| We think all these meetings we've had will drive executives into the WiSA boost and that will -- we'll have a very successful CES, and we think all this activity will impact 2024s revenue materially |
| We think -- we thought that was an exciting idea |
| So we're excited about the response over the first 90 days |
| Good news is we took it because we're getting very strong feedback from the technology evaluations on WiSA E |
| We think this is great progress by the sales team and the WiSA Association to be to so quickly have seven brands reviewing our license agreement |
| We think it's a great audio product, and we're offering that 48-hour opportunity for people to test it |
| So we thought a month ago by offering this opportunity, it would give the TV guys a great opportunity to start thinking about different design applications that serve the customer better |
| And finally, as we talked about, we think WiSA E creates the opportunity to lower prices on audio products by eliminating the duplication of audios and soundbars in TVs |
| We think that's a fundamental milestone that will excite the industry |
| The revenue is -- you still expect a pretty strong push from WiSA E in 2024 from a revenue line, probably not so much from the TV guys right off the bat, but they -- but these are all important drivers of the funnel |
| I would like to remind you that WiSA E is launched and the first product that we can offer to the consumers directly is the soundbar, the 5.1.4 Milan soundbars and there's a great opportunity to get that just ahead of Christmas at $649 |
| So in the next five weeks are the big sales weeks for the Platin line, we just launched the soundbar, which really is a stunning product and an amazing value for that type of price point, any one of those prices I showed earlier |
| So in terms of the revenue guidance that you provided last -- from last quarter or a couple of quarters ago, your revenue for the third quarter exceeded your expectation |
| Good to hear WiSA E, new product launches on track |
| We have talked for 18 months now that one of the great things about DS is it can handle five audio channels, and it can give you the ability to have Atmos speakers at a very low cost in the rear of the room |
| So the combination creates a truly immersive sound |
| So we think it's a great demo for investors to understand WiSA E and how does it work, what's the quality of the audio that's being wirelessly transmitted |
| But 60 days ago at the end of July -- 90 days ago, at the end of July, we launched the WiSA E module, which is a major four-year milestone for the company |
| So just to review fourth quarter though, you still expect a seasonally strong quarter |
| We think that's important |
| Great |
| It seems like that was good to see |
| So the gross -- there's good news and the bad news of the gross margin |
| We have the high audio channel counts that we can support Dolby Atmos |
| Statement |
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| So bad news we took the reserve |
| It's a highly competitive market |
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