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

Datavault AI

21/05/2024 14:31

* WiSA Technologies Inc  WISA.OQ  reported a quarterly
adjusted
loss of $5.35​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of $-79.50.  The lone analyst forecast for the quarter was for a
loss of $1.55 per share. 
    * Revenue fell 45.6% to $255.00 thousand from a year ago;
analysts
expected $600.00 thousand. 
    * WiSA Technologies Inc's reported EPS for the quarter was a
loss
of $5.35​.
    * The company reported a quarterly loss of $3.14 million.
    * WiSA Technologies Inc shares had risen by 13.0% this
quarter and
lost 79.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 94.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $30.00 
This summary was machine generated from LSEG data May 21 at
01:31 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
 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
 Jun. 30 2023      -2.44 hundred  -1.80 hundred  Beat