Why WiSA Technologies Stock Is Gaining Wednesday
Portfolio Pulse from Nabaparna Bhattacharya
WiSA Technologies, Inc. (NASDAQ:WISA) shares rose on Wednesday after the company reported preliminary Q3 revenue significantly above expectations, driven by strong sales of its wireless audio technology. The company anticipates over 200% sequential revenue growth in Q3 2024, supported by new licensing agreements and product integrations.
October 16, 2024 | 6:17 pm
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WiSA Technologies reported preliminary Q3 revenue of $1.0M-$1.2M, surpassing the consensus of $0.65M. The company expects over 200% sequential revenue growth in Q3 2024, driven by new product integrations and licensing agreements.
WiSA's better-than-expected Q3 revenue and optimistic future growth projections due to new licensing agreements and product integrations are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100