24/7 Market News Snapshot 26 December, 2024 – WiSA Technologies, Inc. Common Stock (NASDAQ:WISA)

December 26, 2024

DENVER, Colo., 26 December, 2024 (247marketnews.com) – (NASDAQ:WISA) are discussed in this article.
WiSA Technologies, Inc. has recently experienced a significant surge in its stock performance, opening at $2.10 and soaring to $2.473, reflecting an increase of 20.05%. This upward trend follows a close of $2.060 the previous day, with current trading volume reaching 10.93 million shares. The robust trading activity signals a strong bullish momentum among investors, highlighting growing interest in the company’s potential within the evolving tech landscape.

In a strategic move to enhance its market position, WiSA Technologies has announced the acquisition of CompuSystems, Inc. (CSI), a leading provider of registration, data analytics, and lead management services for live events. The Definitive Agreement for this acquisition is expected to close on or about January 31, 2025. Chief Executive Officer Brett Moyer expressed optimism about this partnership, forecasting that integrating CSI’s expertise with WiSA’s innovative Datavault® intellectual property and the ADIO® platform will create new revenue streams and uplift gross margins significantly.

Moyer anticipates CSI will contribute between $13 million and $15 million in revenue and between $3 million and $4 million in EBITDA by 2025, thus enhancing WiSA’s financial health. The synergy is poised to optimize Datavault’s capabilities, particularly in facilitating experiential audio tours and converting extensive event data into valuable Web 3.0 assets. Nathaniel T. Bradley, CEO of Data Vault Holdings, also emphasized the impactful rollout of ADIO within CSI’s M3 Expo Wallet App, slated to commence in January 2025.

Mark LoGiurato, CEO of CompuSystems, underscored the significance of the merger, noting that the combined strengths of the two companies will accelerate enhancements to the M3 platform, thereby delivering greater value to event organizers through enhanced features and analytics. This acquisition is expected to further WiSA Technologies’ commitment to pioneering innovation in the immersive audio reality sector, setting the stage for substantial growth in the competitive marketplace. A conference call to delve deeper into these developments will take place on December 30, 2024, at 11 am ET, inviting stakeholders to engage with the leadership team.

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