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Audience revenue falls 13 pct as sales of audio chips dip
February 6, 2014 / 9:36 PM / 4 years ago

Audience revenue falls 13 pct as sales of audio chips dip

Feb 6 (Reuters) - Audience Inc reported a 13 percent fall in quarterly revenue, hurt by weak sales of its audio chips to smartphone makers.

The company posted a net loss of $2.5 million, or 11 cents per share, in the fourth quarter, compared with a profit of $3.4 million, or 15 cents per share, a year earlier.

Revenue fell to $33.6 million from $38.7 million.

Audience makes chips that improve voice quality in mobile devices by filtering out background noise.

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