Why WiSA Technologies Shares Are Skyrocketing Today
Portfolio Pulse from Nabaparna Bhattacharya
WiSA Technologies, Inc. (NASDAQ:WISA) shares surged by 83% after announcing a fourth 5-year WiSA E licensing agreement with a major HDTV/PTV brand. This agreement allows the brand to integrate WiSA E software into its products, enhancing wireless immersive audio options and interoperability with WiSA E-enabled speakers. WiSA E technology is supported by four HDTV SoC providers and offers a suite of audio features for various devices.
April 16, 2024 | 2:48 pm
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WiSA Technologies' stock price surged by 83% following the announcement of a new licensing agreement for its WiSA E technology with a major HDTV/PTV brand.
The significant rise in WiSA Technologies' stock price is directly attributed to the announcement of a new licensing agreement, which is expected to expand the company's market presence and enhance its revenue potential through the integration of its WiSA E technology into a major HDTV/PTV brand's products. This development is seen as a positive indicator of the company's growth prospects and technological adoption, leading to increased investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100