Roku continues to regularly update its family of streaming devices, and today the company announced a revamped streaming stick. The latest Roku streaming stick will replace the purple dongle the company released back in 2014, and it works largely the same way (albeit with updated internals and a few extra features).

The new Roku streaming stick has dual-band MIMO antenna and an updated quad-core processor, giving it eight times more power than the 2014 version. Even with that improvement, Roku managed to shave off some bulk from the stick so it's now closer to thumb-drive size. Just like the old streaming stick, the new one plugs into your TV via HDMI port to deliver thousands of "channels," or apps that you can watch video through, including Netflix, YouTube, and Time Warner Cable. Unlike the Roku 4 set top box that the company released late last year, the new streaming stick doesn't support 4K video and only streams content in 1080p.

The stick comes with a remote just like Roku's other devices, but that remote doesn't have a headphone jack for private listening. However, a new feature of the stick solves that issue: it streams audio via Wi-Fi to your smartphone, so you can plug your headphones into your phone and listen to the show you're watching. This will come in handy for those who live in hectic households, live with roommates, or just really want to focus on the latest House of Cards season.

Even if sticks like the new Chromecast and Amazon Fire TV stick hope to sway customers with price tags under $50, Roku isn't bringing its new stick down to that price point. It will cost $50, the same price as the previous version. That isn't much more expensive than competitors, but a $15 difference could certainly persuade some customers to choose one over the other. According to other reports, Roku believes the new stick's small size and better processor will set it apart from the rest.

The new Roku streaming stick is on sale today on Roku's website, and the device will ship at the end of the month.