Datavault AI Inc.

Good day and welcome to the YFLA Technologies Q3 Results and Business Update. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to David Barnard with Alliance Advisors Investor Relations. Please go ahead.

Thank you, Megan. With us today are Brett Moyer, CEO and President of Weisse Technologies, and Nate Bradley, CEO of Data Vault Holdings. Before turning the call over to Brett, I'd like to remind everyone that today's conference call will include forward-looking statements. which are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements. Any such forward-looking statements should be considered in conjunction with the cautionary statements in our earnings release and risk factors discussed in our filings with the SEC. WISE assumes no obligation to update any of these forward-looking statements except as required by law. We also refer you to slides two and three of today's accompanying presentation for more detailed information. With that, I'll turn the call over to Brett. Please go ahead.

Thank you, David, and good morning, ladies and gentlemen. So it's been an eventful three months since our last update, starting with the announcement in early September of our purchase of assets from Data Vault Holdings for the IP and trademarks around Data Vault and Adio. And so with such a significant transaction and transformation of the company, We have Nate Bradley on the call today, and I'll turn it over to him shortly because during the interim, since that announcement, we have had several press releases about new products and new markets that Data Vault's IP is being entered into, and he's going to walk us through that today. But first, if we look at what's going on with WISA and WISA-E, which we've invested heavily over the last three years on, and have roughly 26 patents filed around it, right? So results in Q3 financially improved. We had $1.2 million in revenue, which is up from up 140%. Our gross margins improved. Driving that was the decision to take the small Platinum Audio speaker line that we have out of retail So we're strictly direct to consumer and we reduced inventory by 17%. We ended the quarter with 3.9 million of cash. From a operational milestone, we did announce in our pre-announcement, but the team significantly started shipping WISA IP for transmit in a set-top box with the customer, and that product is expected to be on the shelves for the Christmas season. So it's working through the logistics. That will be on the shelves in Europe initially, and it will go worldwide in 2025. Now, that's an Android OS system-based system, and the team has already started developing WISA eTransmit software to work on Linux. operating system, which will impact our 2025 revenue. For new people on this call, I'm going to briefly review the transaction again that we announced at the beginning of September with Data Vault Holdings, right? And that was to acquire the patents, the trademarks, and the IP for their subsidiaries of Data Vault and Addio. The terms were $200 million in stock at $5 a share and $10 million in an unsecured promissory three-year note. As we, if we raise money from a strategic or financial partner, 10% of that will go back to paying off that note over the next three years. Major milestone this morning, we filed a the preliminary proxy for both the annual shareholders meeting and the purchase of this IP. So we'll clear any SEC comments and should be mailing that so that we can close out both the annual shareholder meetings and the transaction with Data Vault this year. Post-closing, Nate will become CEO of the company. We'll change the name to Data Vault, and I'll become CFO. Now, with that brief summary on WISA and the transaction, I'd like to turn the call over to Nate. He's going to walk through both his history, which is long, successful track record of taking IP and monetizing it in both public companies as well as financially. And with that, Nate, I'm going to turn it over to you. Sure.