DTS Announces Preliminary Second Quarter 2012 Financial Results

DTS

announced Monday certain preliminary results for the second quarter ended June 30, 2012. Revenue is expected to be in the range of $21 to $22 million. The Company additionally expects net income to be significantly impacted by costs associated with its pending acquisition of SRS Labs, Inc.

, and by the tax consequences of both the lower revenue and the non-deductibility of certain material acquisition-related expenses. Second quarter revenue is expected to be below expectations largely as a result of macroeconomic factors that have impacted certain segments of the consumer electronics industry, particularly across DTS' Blu-ray markets. Although these results are not yet finalized, the Company released these preliminary results in light of the planned purchase of SRS Labs, which is scheduled to close on July 20, 2012.