Key Developments: Audience Inc (ADNC.O)

ADNC.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Audience Inc gives Q3 2014 guidance below analysts' estimates
Thursday, 31 Jul 2014 04:25pm EDT 

Audience Inc:Expects Q3 2014 total revenue to be in range of $25 mln to $28 mln.Expects Q3 2014 GAAP net loss, which includes $2.2 million of expected stock-based compensation expense, to be in range of ($11.0) mln to ($12.5) mln, or ($0.48) to ($0.54) per diluted share.Expects Q3 2014 non-GAAP net loss to be in range of ($8.5) to ($10.0) mln, or ($0.37) to ($0.43) per share (EPS).Q3 2014 revenue of $41 mln, net income of $(1.9) mln and EPs of $(0.05) - Thomson Reuters I/B/E/S.  Full Article

Audience Inc completes acquisition of sensor platforms
Friday, 11 Jul 2014 08:02pm EDT 

Audience Inc:Says that it has completed its acquisition of Sensor Platforms, Inc.Says Sensor Platforms develops software and algorithms that interpret sensor data to enable broad context awareness on smartphones, wearables and other smart devices.  Full Article

Audience Inc to acquire sensor platforms
Tuesday, 24 Jun 2014 07:00am EDT 

Audience Inc:Says that it has signed a definitive agreement to acquire Sensor Platforms, for consideration consisting of $41 million of cash.Says sensor Platforms develops software and algorithms that interpret sensor data to enable broad context awareness on smartphones, wearables and other consumer devices.Audience believes the combination of Sensor Platforms' technology with its industry Advanced Voice and Multisensory Processing places the combined company in a unique position to deliver compelling solutions based on the fusion of voice and motion.Joining these technologies will help transform the way consumers engage with devices, by enabling seamless natural user experiences, always-on sensor fusion, and context-aware services.  Full Article

Audience Inc and MediaTek Inc collaborate to deliver voice and audio solutions for smartphone platforms
Tuesday, 3 Jun 2014 08:00pm EDT 

Audience Inc:Collaborates with MediaTek Inc to deliver Audience eS700 series smart audio codec products as pre-configured option on new MediaTek MT6592 Octal-core AP with MT6290 LTE baseband reference platform for smartphones.By working closely together two companies are delivering technology in single reference design.  Full Article

Audience Inc gives Q2 2014 guidance; earnings guidance below analysts' estimates
Thursday, 1 May 2014 04:06pm EDT 

Audience Inc:Expects Q2 2014 total revenue to be in the range of $37.5 to $40.5 million.Expects Q2 2014 GAAP net loss to be in the range of ($3.7) to ($4.7) million, or ($0.17) to ($0.21) per diluted share.Q2 2014 revenue of $38.2 million, net income of $(2.1) million and EPS of $(0.08) - Thomson Reuters I/B/E/S.  Full Article

Audience Inc announces $15 mln stock repurchase program
Monday, 17 Mar 2014 04:05pm EDT 

Audience Inc:Authorizes repurchase up to $15 mln, inclusive of broker fees, of its common stock under a stock repurchase program, in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended.Timing and amount of repurchase transactions under this program will depend on market conditions and other considerations.All of the repurchases will be funded by Audience's available working capital.  Full Article

Audience Inc issues Q1 2014 guidance; earnings guidance below analysts' estimates
Thursday, 6 Feb 2014 04:20pm EST 

Audience Inc:Expects Q1 2014 total revenue to be in the range of $33 to $36 mln.Expects Q1 2014 GAAP net loss, which includes $1.5 mln of expected stock-based compensation expense, is to be in the range of $5.1-$6.1 mln, or ($0.24) to ($0.28).Expects Q1 2014 non-GAAP net loss to be in the range of ($3.6)-($4.6) mln, or ($0.17) to ($0.21) per share on a diluted basis.Q1 2014 revenue of $33.49 mln net income of $(1.94) mln and EPS of $(0.09) - Thomson Reuters I/B/E/S.  Full Article

Audience Inc Issues Q4 2013 Guidance Below Analysts' Estimates
Thursday, 31 Oct 2013 04:05pm EDT 

Audience Inc announced that for the fourth quarter of 2013, it expects total revenue to be in the range of $31 to $34 million, GAAP net loss, to be in the range of $4.4 to $5.3 million, or ($0.20) to ($0.24) per diluted share and non-GAAP net loss to be in the range of $2.7 to $3.6 million, or ($0.12) to ($0.16) per share on a diluted basis. According to I/B/E/S estimates analysts' are expecting the Company to report revenues of $35 million, net income of $0.70 million and EPS of $(0.03) for the fourth quarter of 2013.  Full Article

The Shuman Law Firm Investigates Audience Inc
Tuesday, 27 Aug 2013 11:13am EDT 

The Shuman Law Firm announced that it is investigating potential claims against certain officers and directors of Audience Inc. Audience is a California-based company that provides intelligent voice and audio solutions for mobile devices worldwide. The Firm`s investigation concerns whether the Company`s officers and directors misrepresented or failed to disclose that Audience's processor IP would not be selected for use in the iPhone 5. In particular, on September 6, 2012, Audience announced that it was unlikely that Apple, Inc. a key client, would use Audience's earSmart voice isolation/noise cancellation technology in its iPhone 5.  Full Article

Audience Inc Issues Q3 2013 Guidance Below Analysts' Estimates
Thursday, 1 Aug 2013 04:06pm EDT 

Audience Inc announced that for the third quarter of 2013, it expects total revenue to be in the range of $31 to $34 million, GAAP net loss, which includes $1.5 million of expected stock-based compensation expense and $0.2 million of non-cash rent expense, is expected to be in the range of $3.8 to $4.8 million, or ($0.16) to ($0.20) per diluted share on approximately 23.5 million diluted weighted average shares outstanding, non-GAAP net loss is expected to be in the range of $2.1 to $3.1 million, or ($0.09) to ($0.13) per share on a diluted basis. According to I/B/E/S estimates analysts' are expecting the Company to report revenues of $45 million and EPS of $0.12 for the third quarter of 2013.  Full Article

Audience forecasts weak quarter after Samsung's profit warning

- Audio chip maker Audience Inc forecast current-quarter results largely below analysts' estimates after its biggest customer, Samsung Electronics Co Ltd , warned of increasing competition and weak earnings.

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