WISA · Wisa Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $39.09M | $2.67M | $2.08M | $3.37M | $6.54M | $2.40M |
| Cost of Revenue | $8.69M | $2.30M | $5.54M | $2.97M | $4.68M | $1.98M |
| Gross Profit | $30.40M | $376.0K | ($3.46M) | $395.0K | $1.86M | $427.0K |
| R&D | $16.50M | $7.82M | $7.46M | $7.14M | $5.24M | $4.57M |
| SG&A | $35.10M | $9.72M | $5.37M | $5.16M | $4.02M | $4.17M |
| Total Operating Expenses | $62.88M | $21.51M | $18.00M | $18.44M | $13.38M | $11.71M |
| D&A | $10.34M | $70.0K | $98.0K | $122.0K | $79.0K | $66.0K |
| Operating Income | ($32.48M) | ($21.14M) | ($21.46M) | ($18.04M) | ($11.51M) | ($11.29M) |
| Interest Expense | $19.98M | $1.27M | $932.0K | $898.0K | $9.0K | $1.40M |
| Income Tax | $5.0K | $0 | $4.0K | $2.0K | $2.0K | $3.0K |
| Net Income | ($78.99M) | ($51.41M) | ($18.72M) | ($16.15M) | ($11.82M) | ($12.71M) |
| EPS - Basic | ($0.52) | ($16.14) | ($3.18) | ($82.89) | ($2.47) | - |
| EPS - Diluted | ($0.52) | ($16.14) | ($3.18) | ($82.89) | ($2.47) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.00M | $3.33M | $411.0K | $2.90M | $13.11M | $7.42M |
| Accounts Receivable | $888.0K | $349.0K | $294.0K | $273.0K | $214.0K | $85.0K |
| Inventory | $636.0K | $1.62M | $2.74M | $7.07M | $4.78M | $2.71M |
| Accounts Payable | $10.83M | $2.78M | $2.32M | $2.04M | $1.55M | $672.0K |
| Current Assets | $142.87M | $6.44M | $4.08M | $11.13M | $19.19M | $11.12M |
| Total Assets | $274.70M | $100.63M | $4.82M | $11.45M | $19.39M | $11.30M |
| Current Liabilities | $26.88M | $4.11M | $3.64M | $3.67M | $2.96M | $2.28M |
| Long-term Debt | - | - | - | - | - | $668.0K |
| Total Liabilities | $36.73M | $14.90M | $9.73M | $13.45M | $3.01M | $3.39M |
| Stockholders' Equity | $237.97M | $85.73M | ($5.16M) | ($2.00M) | $16.38M | $7.32M |
| Retained Earnings | ($377.44M) | ($298.45M) | ($247.04M) | ($228.32M) | ($212.20M) | ($200.38M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($23.61M) | ($17.53M) | ($14.83M) | ($17.51M) | ($11.51M) | ($9.86M) |
| Investing Cash Flow | ($7.88M) | ($1.56M) | ($50.0K) | ($43.0K) | ($99.0K) | ($52.0K) |
| Financing Cash Flow | $30.16M | $22.00M | $12.39M | $7.35M | $17.30M | $17.03M |
| CapEx | $380.0K | $35.0K | $50.0K | $43.0K | $99.0K | $52.0K |
| Free Cash Flow | ($23.99M) | ($17.56M) | ($14.88M) | ($17.56M) | ($11.61M) | ($9.91M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 77.8% | 14.1% | -166.0% | 11.7% | 28.5% | 17.8% |
| Operating margin | -83.1% | -790.5% | -1030.1% | -536.2% | -176.0% | -469.5% |
| EBITDA margin | -56.6% | -787.9% | -1025.4% | -532.6% | -174.8% | -466.8% |
| Net margin | -202.1% | -1922.6% | -898.8% | -480.0% | -180.7% | -528.5% |
| Free cash flow margin | -61.4% | -656.7% | -714.2% | -521.8% | -177.4% | -412.3% |
| FCF / Net income | 0.30 | 0.34 | 0.79 | 1.09 | 0.98 | 0.78 |
| R&D / Revenue | 42.2% | 292.4% | 357.9% | 212.3% | 80.0% | 190.2% |
| SG&A / Revenue | 89.8% | 363.6% | 257.7% | 153.2% | 61.4% | 173.4% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -28.8% | -51.1% | -388.2% | -141.0% | -61.0% | -112.4% |
| Return on equity | -33.2% | -60.0% | 363.0% | 809.2% | -72.2% | -173.7% |
| Return on invested capital | - | - | - | - | - | -111.7% |
| Liquidity | ||||||
| Current ratio | 5.32 | 1.57 | 1.12 | 3.03 | 6.47 | 4.87 |
| Quick ratio | 5.29 | 1.17 | 0.37 | 1.11 | 4.86 | 3.68 |
| Cash ratio | 0.07 | 0.81 | 0.11 | 0.79 | 4.42 | 3.25 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | 0.09 |
| Debt / Assets | - | - | - | - | - | 0.06 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -1.6x | -16.6x | -23.0x | -20.1x | -1279.0x | -8.1x |
| Equity multiplier | 1.15 | 1.17 | -0.94 | -5.74 | 1.18 | 1.54 |
| Liabilities / Assets | 0.13 | 0.15 | 2.02 | 1.17 | 0.16 | 0.30 |
| Efficiency | ||||||
| Asset turnover | 0.14 | 0.03 | 0.43 | 0.29 | 0.34 | 0.21 |
| Inventory turnover | 13.66 | 1.42 | 2.02 | 0.42 | 0.98 | 0.73 |
| Days sales outstanding | 8d | 48d | 52d | 30d | 12d | 13d |
| Days inventory outstanding | 27d | 257d | 180d | 869d | 373d | 500d |
| Days payable outstanding | 455d | 441d | 153d | 251d | 121d | 124d |
| Cash conversion cycle | -420d | -137d | 79d | 648d | 264d | 389d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 1361.8% | 28.4% | -38.1% | -48.6% | 172.1% | 44.3% |
| Revenue CAGR (3y) | 126.5% | -25.8% | -4.7% | 26.4% | 80.5% | - |
| Revenue CAGR (5y) | 74.7% | 9.9% | 13.4% | - | - | - |
| Gross profit growth (YoY) | 7985.1% | - | - | -78.8% | 336.5% | - |
| Operating income growth (YoY) | -53.6% | 1.5% | -18.9% | -56.8% | -2.0% | -1.1% |
| Net income growth (YoY) | -53.7% | -174.6% | -15.9% | -36.6% | 7.0% | -5.5% |
| EPS growth (YoY) | 96.8% | -407.5% | 96.2% | -3255.9% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -36.6% | -18.0% | 15.3% | -51.3% | -17.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 177.6% | - | -158.4% | - | 123.9% | 1131.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$39.09M totalSingle Reportable Segment$39.09M · 100.0%
Product / service
$42.27M totalLicense$30.00M · 71.0%
Live Events$5.91M · 14.0%
Consumer Audio Products Components And Other Revenue Net$3.18M · 7.5%
Components$2.62M · 6.2%
Software And Software Development Costs$291.0K · 0.7%
Consumer Audio Products$270.0K · 0.6%
Geographic
$39.09M totalNorth America$36.45M · 93.2%
Asia Pacific$2.14M · 5.5%
Europe$495.0K · 1.3%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.63
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing WISA TECHNOLOGIES against the 5 most active filers in the same SIC group.