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Article: SRS Labs, Inc. Reports Record First Quarter Results
- Article from:
- PR Newswire
- Article date:
- April 29, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Revenues/Net Income Up Significantly
SANTA ANA, Calif., April 29 /PRNewswire/ -- SRS Labs, Inc. (Nasdaq/NNM: SRSL) today reported that net income for the first quarter ended March 31, 1997 increased more than three times to a record $694,975, or $0.07 per share, from $217,619, or $0.03 per share, during the same period a year ago. Revenues for the quarter more than doubled to $2,212,100 from $1,034,742 during the same period in 1996. Operating profit margins grew to 38 percent compared with 29 percent a year ago and 36 percent in the fourth quarter of 1996.
"Our first quarter performance represents a significant increase in the ...
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