DTS CEO Sees Mobile Device Audio Quality Improving
DTS CEO Jon Kirchner noted “migration of higher quality content distribution” from the living room to portable devices, saying on a Q2 call Monday the content universe in the living room is “widely spread" across formats. The use case is…
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“inherently there” for higher quality audio on handsets, he said. Chief Financial Officer Mel Flanigan said DTS mobile category sales rose 37 percent to $6.4 million from the year-ago quarter, and automotive rose "substantially" to $17.5 million largely on HD Radio receipts. Total revenue was $48.7 million, up from $34.4 million, said an earnings release that raised full-year forecasts on mobile and automotive market growth. DTS Shares closed up 13 percent Tuesday to $33.02.