Datavault AI Inc. 2025年季度报告

For the quarterly period endedMarch 31, 2025 Datavault AI Inc.(Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required tobe submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months DATAVAULT AI INC.(formerly WiSA Technologies, Inc.) and SubsidiariesQUARTERLY REPORT ON FORM10-QFor the quarter ended March 31, 2025 PARTI: FINANCIAL INFORMATION DATAVAULT AI INC.CONDENSED CONSOLIDATED BALANCE SHEETS The accompanying notes are an integral part of these condensed consolidated financial statements. The accompanying notes are an integral part of these condensed consolidated financial statements. (in thousands)(unaudited) The accompanying notes are an integral part of these condensed consolidated financial statements. DATAVAULT AI INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Ended March 31, 2025 and 2024 1.Business and Summary of Significant Accounting Policies Datavault AIInc.,formerly known as WiSA Technologies,Inc.,and before then Summit WirelessTechnologies, Inc. (together with its subsidiaries also referred to herein as “we”, “us”, “our”, “Datavault”,“Datavault AI” or the “Company”), was originally formed as a limited liability company in Delaware on July23, 2010. The Company’s business is to deliver the best-in-class data management and monetization, as wellas using wireless audio to transmit data and audio for consumer use. Datavault stands at the forefront of Nasdaq Compliance Stockholders Equity Deficiency On July 3, 2024, the Company received a letter from the Office of General Counsel of The Nasdaq StockMarket LLC (“Nasdaq”) confirming that the Company has regained compliance with the equity requirementunder Nasdaq Listing Rule 5550(b)(1) (the “Equity Rule”) as required by the Nasdaq Hearing Panel’s (the The Panel has determined to impose a monitoring period (the “Monitor Period”), pursuant to Nasdaq ListingRule 5815(d)(4)(B). If, during the Monitor Period, which lasts until July 3, 2025, the Nasdaq ListingQualificationsstaff(“Staff”)finds the Company again out of compliance with the Equity Rule,notwithstanding Nasdaq Listing Rule 5810(c)(2), the Company will not be permitted to provide the Staffwith a plan of compliance with respect to such deficiency and Staff will not be permitted to grant additionaltime for the Company to regain compliance with respect to such deficiency, nor will the Company beafforded an applicable cure or compliance period pursuant to Nasdaq Listing Rule 5810(c)(3). Instead, Staff First Bid Price Deficiency On April 29, 2024, the Company received a letter from Nasdaq notifying the Company that it has regainedcompliance with the Minimum Bid Price Requirement pursuant to Listing Rule 5550 (a)(2), as required bythe April 2024 Decision. The Company will be subject to a mandatory panel monitor for a period of one yearfrom the date of the letter pursuant to Nasdaq Listing Rule 5815(d)(4)(B). If, within that one-year monitoringperiod, the Staff finds the Company again out of compliance with the Minimum Bid Price Requirement,notwithstanding Nasdaq Listing Rule 5810(c)(2), the Company will not be permitted to provide the Staffwith a plan of compliance with respect to that deficiency and the Staff will not be permitted to grant DATAVAULT AI INC.NOTESTO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Ended March 31, 2025 and 2024 1.Business and Summary of Significant Accounting Policies,continued Second Bid Price Deficiency On May 6, 2025, the Company received a written notification (the “May 2025 Nasdaq Letter”) from the Staffthat it was not in compliance with the minimum bid price requirement for continued listing on the NasdaqCapitalMarket,as set forth under the Nasdaq Listing Rule 5550(a)(2)(the“Minimum Bid PriceRequirement”), because the closing bid price of the Company’s Common Stock was below $1.00 per share Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted 180 calendar days from thedate of the May 2025 Nasdaq Letter, or until November 3, 2025 (the “Compliance Period”), to regaincompliance with the Minimum Bid Price Requirement. If at any time during the Compliance Period, the bidprice of the Common Stock closes at or above $1.00 per share for a minimum of ten (10) consecutive In the event the Company does not regain compliance with the Minimum Bid Price Requirement by the endof the Compliance Period, the Company may be eligible for an additional 180-calendar day grace period. Toqualify, the Company will be required to meet the continued listing requirement for market value of publicly If the Company does not regain compliance within the allotted compliance period(s), including anyextensions that may be granted by Nasdaq, Nasdaq will provide notice that the Common Stock will be Reverse Stock Splits April 2024 Reverse Stock Split