WISA Inks Deal to Acquire CompuSystems: Will the Stock Gain?

WiSA Technologies, Inc. (WISA) recently announced that it has entered into a definitive agreement to acquire CompuSystems, Inc. for an undisclosed amount. This acquisition is part of WiSA's broader strategy, which also includes the closing of its acquisition of Datavault intellectual property and information technology assets. Following this, the company plans to rebrand itself by the end of 2024.How Does This Acquisition Buoy WISA Growth Plans?CompuSystem is a premier provider of registration, data analytics and lead management services for live events. It offers cutting-edge solutions and unparalleled customer support to clients in the trade, association, corporate and government event markets. With a strong focus on innovation, customer service and sustainability, the company is dedicated to delivering exceptional event experiences for clients and their attendees. In early December 2024, CompuSystem entered into a collaboration with Datavault to integrate the latter’s ADIO platform into its M3 Expo Wallet App, with plans for a rollout beginning in January 2025. WiSA’s acquisition of CompuSystem builds on this collaboration, with both companies aiming to combine their strengths in advanced technology and event management. The integration of ADIO with CompuSystem’s platform is expected to unlock new user experiences on mobile devices and provide opportunities for WiSA to monetize vast amounts of event data through Web 3.0 assets. This includes leveraging ADIO’s crypto anchor and mobile market technology that offers high-definition audio and holographic virtual tours, setting the stage for future innovations in event technology.Does WISA Stock Stand to Gain From the Acquisition?CompuSystems's addition will complement its ongoing strategic shift, combining its expertise in event management with the advanced capabilities of Datavault's ADIO platform. The combination of CompuSystem’s event management expertise and WiSA's cutting-edge technologies is expected to unlock significant new opportunities, including the monetization of event data through WiSA’s secure Information Data Exchange platform. The acquisition, subject to customary closing conditions, is expected to close on Jan. 31, 2025.WiSA projects that the acquisition will drive new revenue opportunities and margin growth, significantly contributing to revenues and EBITDA in the upcoming quarters. An improved financial performance will likely propel the stock upward.WISA’s Stock Price PerformanceShares of WiSA have plunged 86.8% over the past year against the industry’s growth of 26.1%.Image Source: Zacks Investment ResearchWiSA’s Zacks Rank and Other Stocks to ConsiderWiSA currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader industry have been discussed below.Ubiquiti Inc. UI sports a Zacks Rank #1 (Strong Buy) at present. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth. In the last reported quarter, Ubiquiti delivered an earnings surprise of 20.9%. You can see the complete list of today’s Zacks #1 Rank stocks here.The company’s effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques.  InterDigital, Inc. IDCC sports a Zacks Rank of 1 at present. It has a long-term growth expectation of 17.44%.IDCC pioneered advanced mobile technologies that enable wireless communications and capabilities. The company designs and develops various advanced technology solutions for digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.Workday Inc. WDAY carries a Zacks Rank #2 at present. In the last reported quarter, it delivered an earnings surprise of 7.36%. WDAY is a top supplier of enterprise-level software solutions for human resources and finance management.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report InterDigital, Inc. (IDCC): Free Stock Analysis Report Workday, Inc. (WDAY): Free Stock Analysis Report WiSA Technologies Inc. (WISA): Free Stock Analysis Report Ubiquiti Inc. (UI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks