WiSA Technologies Reports Q1 EPS of $(5.35), Sales $255.00K Compared With $469.00K YoY; Exits Q1 With Cash & Equivalents Worth $2.8M
Portfolio Pulse from Benzinga Newsdesk
WiSA Technologies reported a Q1 EPS of $(5.35) and sales of $255.00K, compared to $469.00K year-over-year. The company exited Q1 with cash and equivalents worth $2.8M.
May 21, 2024 | 10:26 am
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NEGATIVE IMPACT
WiSA Technologies reported a significant decline in both EPS and sales for Q1, with EPS at $(5.35) and sales at $255.00K compared to $469.00K YoY. The company has $2.8M in cash and equivalents.
The significant decline in both EPS and sales indicates financial struggles, which is likely to negatively impact the stock price in the short term. However, the cash reserves provide some cushion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100