Datavault AI Inc. Q1 FY2024 earnings call

• Launched WiSA E late last year, with licensing started in Q4; signed 5 licenses in first 6 months.
• WiSA Association ensures interoperability between WiSA E products.
• WiSA E is a powerful platform for wireless multichannel audio, agnostic to device and SoC platforms.
• Demonstrated at CES with various devices like TVs, set-top boxes, phones, tablets.
• Expect to sign at least 3 more licenses this year for 8 total.
• Traditional customers reordering, cash balance strengthened from financings.
• Shareholder vote on May 31 regarding quorum and NASDAQ compliance.

No specific financial performance for product segments provided in absolute terms and revenue contribution %.

• Expect revenue in the second half from licensees.
• Expect to sign at least 3 more WiSA E licenses this year to reach 8 total.
• Engineering services to increase in Q2 and Q3; royalty from one license to kick in late Q3/early Q4.

• Forward-looking statements subject to various risks and uncertainties.
• Cash burn and operational expense management.
• Dependence on successful license negotiations and product rollouts.

Q: In terms of the 5 signed WiSA E agreements and expected revenue ramp, what's the cadence?

A: We haven't put out specific guidance, but mass production dates can move, expect some in Q3 and more in Q4.

Q: Which licensing revenue streams will commence in the back half of 2024?

A: Engineering services should be more in Q2 and Q3, royalty from one contract to kick in late Q3/early Q4, others based on their launches.

Q: Is the WiSA E an international launch and different marketing in Europe vs US?

A: It's an international launch; marketing strategy differs due to different consumer penetration in US vs Europe.