WiSA Technologies Inc reports results for the quarter ended in June - Earnings Summary

Datavault AI

15/08/2024 14:23

* WiSA Technologies Inc  WISA.OQ  reported a quarterly
adjusted
loss of $11.89​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-180.00.  The mean expectation of two analysts for the
quarter was for a loss of 98 cents per share. Wall Street
expected results to range from $-1.34 to -62 cents per share.
    * Revenue fell 18.8% to $345.00 thousand from a year ago;
analysts
expected $350.00 thousand. 
    * WiSA Technologies Inc's reported EPS for the quarter was a
loss
of $11.89​.
    * The company reported a quarterly loss of $42.67 million.
    * WiSA Technologies Inc shares had fallen by 34.2% this
quarter and lost 90.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 41.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is  "hold."

Wall Street's median 12-month price target for WiSA Technologies
Inc is $18.00 
This summary was machine generated from LSEG data August 15 at
01:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.98          -11.89         Missed
 Mar. 31 2024      -1.55          -5.35          Missed
 Dec. 31 2023      -72.00         -33.00         Beat
 Sep. 30 2023      -1.26 hundred  -1.45 hundred  Missed