So you have to be a member of WiSA. There is a limited time to join. Why is that? And there’s a limited time to sign the membership agreement or if you’re a member to sign the addendum to the agreement that gives you the right to use WiSA E in your display device. From an economics perspective, we’ll make our money off of the modules, WiSA E modules, whether they’re going into soundbars or speakers, et cetera. From a timing perspective, there are a couple of TVs that are — brands that are pushing to try to implement in ’24. But I think the majority of the TV brands, if they implement will be 2025 modules. Now the TV brands are not the only ones that are implementing WiSA E. So that’s why we mentioned that we think materially WiSA E will impact 2024.
So you can have media servers, you can have speaker companies, you can have soundbars. All those people move faster. But what’s being worked on in the TV brands right now are — is primarily the 2025 product line. Now our engineering team has come up with what we think is a genius solution if you want to just use four channels, which is great for rear Atmos speakers or is great if you want to — like the Chinese companies are talking about put just stereo and subwoofers around the front of the room and their TV. That we think is capable of — we implemented onto the 2024 product line and is a 90-day-ish type implementation time line.
Jack Vander Aarde: Okay. Great. Okay. Got you. So a couple of different — okay, those are some important nuances for sure. 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. It sounds like bigger picture-wise. But you do think you’ll have some revenue coming in from WiSA E maybe in the fourth quarter or at least in the first half of ’24? Is that correct?
Brett Moyer: I think you can anticipate midyear to right at that Q2, Q3 time frame for WiSA E to start impacting revenue. Probably from your position, you’d want to model it as a Q3.
Jack Vander Aarde: Got you. okay. That’s helpful. And I don’t want to — I know it’s not official guidance or anything like that. So I just want to make sure I have a general directional idea. It’s good to hear, though, Brett. Okay. Let me shift gears and quick to something up and bolts kind of housekeeping financial questions. 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. It seems like that was good to see. Now you provided fourth quarter revenue guidance of $1 million to $1.4 million for the fourth quarter. And then for 2024, you [at one point] (ph) provided $10 million to $15 million of revenue, which may have had some impact from the potential pending acquisition of Comhear. So just wondering, can you just reiterate or review kind of what your expectations are now or if that guidance still holds true for the fourth quarter and for 2024?
Brett Moyer: Right. So the $10 million to $15 million on the full year was two conferences ago, and that was with Comhear in our P&L. And I think I said baseline was $5 million for each, and each company was targeting $10 million, So that put us in the $10-plus million range. So that was that guidance. Regarding Comhear, we are still active with them. We think there’s a good synergy. They are wrapping up their strategic customer and that’s the trigger for us to get to a final definitive agreement. From a quarterly perspective, Q3 was stronger than we expected. Some of that I would anticipate coming from Q4, but clearly, Q4 is the holiday season. 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 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.
Jack Vander Aarde: Got you. Okay. So just to review fourth quarter though, you still expect a seasonally strong quarter. Is the guidance range still true? Or are we — do you expect the quarter just to be stronger than the third quarter?
Brett Moyer: So I think if the consumer does the right thing, it going to be in the target of — in the range of Q3. And we did pull in some revenue from Q4 into Q3, effectively.
