WiSA Technologies Reports Q3 EPS of $(0.97), Sales $769.00K Beat $550.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
WiSA Technologies (NASDAQ:WISA) reported a Q3 loss of $(0.97) per share with sales of $769.00K, surpassing the $550.00K estimate. However, this reflects a 17.93% decrease in sales compared to the same period last year.
November 15, 2023 | 10:31 am
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WiSA Technologies exceeded sales estimates in Q3 but reported a significant loss per share and a decrease in sales compared to the previous year.
While WiSA Technologies surpassed sales expectations, the reported loss per share and the year-over-year decline in sales are likely to concern investors, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100