Article: SRS Labs, Inc. Reports Record First Quarter Results

 
 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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