Audience (ADNC) Misses Q1 EPS by 1c
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Audience Announces First Quarter 2015 Financial Results
April 30, 2015 8:30 AM EDTMOUNTAIN VIEW, CA -- (Marketwired) -- 04/30/15 -- Audience, Inc. (NASDAQ: ADNC), the leader in advanced voice and audio processing for mobile devices, today announced its first quarter 2015 financial results.
Revenue for the first quarter of 2015 was $18.4 million, compared with $36.0 million for the same period in 2014. As reported under U.S. generally accepted accounting principles (GAAP), first quarter 2015 net loss was ($17.6) million, or ($0.75) per diluted share based on weighted average shares outstanding of 23.4 million. This compares with GAAP net loss of ($7.3) million, or ($0.33) per diluted share based on weighted average shares outstanding of 22.2... More
Knowles to Acquire Audience
April 30, 2015 8:15 AM EDTAcquisition accelerates market penetration and expands available market for intelligent audio solutions
ITASCA, Ill.--(BUSINESS WIRE)-- Knowles Corporation (NYSE: KN), a market leader and global supplier of advanced micro-acoustic solutions and specialty components, today announced it has entered into a definitive agreement to acquire Audience, Inc. (NASDAQ: ADNC). The transaction will expand Knowles existing expertise in intelligent audio and signal processing solutions through Audiences strong engineering team and robust patent portfolio. The highly complementary product and technology portfolios will enable Knowles to deliver comprehensive audio solutions to its... More
