$WiSA Technologies (WISA.US)$ NEWS WiSA Technologies Reports...
NEWS
WiSA Technologies Reports Q1 2024 Results
WiSA Technologies (Nasdaq: WISA) has reported its Q1 2024 financial results. The company has secured five WiSA E licensing agreements, up from two at the beginning of 2024, and expects to have eight agreements by year-end. The first WiSA E-enabled products are expected to contribute to revenues in the second half of 2024. Additionally, the company anticipates increased revenue from WiSA HT customers in the latter half of the year due to resumed orders. WiSA has bolstered its cash balance to approximately $8 million as of May 20, 2024, to support its growth strategy.
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