Wisa Technologies Inc (WISA) said before open Tuesday that it broke even in quarter two 2023.
In the same quarter a year ago, the company lost $27 per share on revenue of $946 thousand.
The stock is down 4.17% to $1.15 after the report.
Wisa Technologies Inc's profit margins maintained as both earnings and revenue declined at the same pace.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Wisa Technologies Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 6, putting Wisa Technologies Inc in the bottom 25% of stocks. The firm set a 52-week low on April 27, 2023 at $0.95 and set a 52-week high on August 15, 2022 at $78.9.
Summit Wireless Technologies Inc is a provider of immersive, wireless sound technology for intelligent devices and next generation home entertainment systems. Working with CE brands and manufacturers, the company delivers seamless, dynamic audio experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. Summit Wireless is the founder of WiSA (the Wireless Speaker and Audio Association) and works in joint partnership. The company is in San Jose, CA with sales teams in Taiwan, China, Japan, and Korea.
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Wisa Technologies Inc Down 4.17% To $1.15 After Earnings
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