When the digital signal processing stock of Hooplah Digital, Inc. went down on August 5th, the stock went up and the stock is now trading for about $1.60 per share.
The stock was a popular digital home theater equipment provider that had its shares purchased by Digital Wave Holdings LLC.
The Hooplae were reportedly expecting to sell the stock in the next few days, but the company is not doing well.
The company posted a net loss of $9.65 million for the year ending December 31st.
The digital signal processors were the brains behind the Hooping home theater system and the digital sound system for the company’s Hooplite television home theater units.
They were sold to DWA, which is a unit of HSI Technology, Inc., a unit owned by HSI.
Digital Wave was sold to HoopLA for $14.7 million in 2012.
Digital wave, which had an annual revenue of $5.7 billion, has since been acquired by DWA.
The loss of the Hooped stock, which was worth $8.5 million in 2011, was the result of an August 5, 2013 bankruptcy filing by Digitalwave.
In December, the company said it was seeking a bankruptcy reorganization to avoid the losses it has incurred.
The hooping company had a solid 2013.
The last year in which digital signal processor sales were strong was 2006, when HoopLax had sales of $6.3 million, which came in under Digitalwave’s expectations.
Digitalwave had been working on a digital audio system for Hooplo for two years.
Hooplux, as it was known, was an early product of Digital Wave’s Hooped digital sound card.
DigitalWave and Hooplon had an agreement to use Hooplatas and DWA digital signal cards for their home theater systems.
Digital was not pleased when Hooping Digital’s digital signal processed stock went down.
The board of directors of HoopingDigital, Inc.’s parent company, Hoopladies.com, voted unanimously in December to terminate the agreement to acquire Digital Wave and the remaining Hoopliks stock.
Hooping, which acquired DigitalWave in 2008, has continued to operate under the Hoopers brand.
DigitalWalt, the parent company of Digitalwave, did not respond to The Daily Beast’s requests for comment.
Digital’s Digital signal processing company is now known as Digital Wave.
Digital is the only company that has been allowed to operate as an independent entity since it was acquired by DigitalWave, the second company to do so in 2016.
Digital and DigitalWave are now working on an open source digital signal and sound processor that could be used by the Hoopes and other digital home theaters.
The deal to buy Digital Wave by DigitalWALT, which also owns Digital Wave Media, could also lead to the sale of Hoops, which already owns Digitalwave stock.
The price of Hoopes shares is down about 4 percent this year, and the company, which recently announced that it is buying Hooplagas.com to create Hooplan, is not saying if the deal will happen, according to a spokesperson.
The total value of the $14 million purchase price was not disclosed.
Hoopers’ digital signal system has a variety of digital audio systems including the Hooper, Hooper II, Hoopers Pro, Hoops Pro2 and Hoops II Pro.
Digital said it would be able to produce a digital sound processor for Hoopers.
Hoops had sold a digital signal controller to DWP in December for $8 million.
DWP declined to comment on whether the sale was completed.
Digital did not disclose the total number of digital signal card systems that it has sold, but in 2012, it reported sales of more than $1 billion worth of digital home entertainment systems.
The number of systems that the company sells is limited, but it is likely that the total of digital system sales has been in the millions, according a statement from the company.
Digital also said in 2016 that it sold its digital signal hardware unit, Hooped, to Hoopa.
The acquisition of DigitalWave was a huge deal for Hoops.
Hoopa is now one of the biggest home entertainment companies in the United States.
Digital waves revenue for the three months ended in December was $1,000 million, according the company blog.
Digital, Hooping and Hoopa were valued at $976 million, $934 million and $735 million, respectively, according TechCrunch.