WiSA Technologies, Inc.

DataVault reported Q2 revenue of $6.7 million, predominantly from the Acoustics Group, plus additional licensing revenue from the medical space on the Data Science side. No EPS, gross margin, or year-over-year growth figures were stated on the call. For full-year 2026, management reiterated $200 million in revenue guidance. They said the exchanges are targeted to go live in mid-September after the remaining Fiserv integration, which they described as a catalyst for the launch. Brett Moyer said the company expects Q3 to improve and Q4 to be a very significant bump, while also saying the company should have around 1 billion shares outstanding by quarter-end.

Nathaniel Bradley framed the quarter around platform buildout, regulatory readiness, and monetization of data, quantum/security, and real-world asset tokenization. He said the company is not dependent on the CLARITY Act for launch, but that regulatory clarity would expand what can be done on the exchanges. His tone was highly confident and promotional, emphasizing partnerships, patents, and the idea that DataVault is positioned as a leader in tokenization and data monetization.

Brett Moyer focused on the financial bridge to growth: Q2 revenue was $6.7 million, the company raised $60 million during the quarter, and management expects about $200 million of liquidity this year from BTC sales, receivables, Scilex-related support, and financing closed that morning. He also quantified signed tokenization demand at $2.5 billion of tokens tied to $213 million of fees, including $61 million of technology fees that he said are 100% margin business. On capital structure, he said the company expects about 1 billion shares outstanding by quarter-end, up from 855 million currently outstanding, with roughly 79 million shares from NYIAX and about 45 million to 50 million more from BankWyse and the financing announced that morning.

Analysts focused on whether the exchanges are technically ready, whether the Available Networks buildout is sufficiently complete, and how the company can support its acquisition and rollout plans. Management said most systems are already up and running, with the remaining Fiserv integration targeted for mid-September and Available’s network already operational in key cities like Philadelphia, New York, Washington, D.C., and Atlanta. Another key question was dilution and the stock price, and management said it does not plan to reverse split, noting an automatic shareholder equity exemption to remain listed through February. They also said Helmex is partially funded, with $25 million owed in the first tranche and the remaining $20 million still under discussion.