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.
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IMPORTANCE 80
RELEVANCE 100