Courtesy of Benzinga.
Audience, Inc. (NASDAQ: ADNC) today announced that its board of directors has authorized the company to repurchase up to $15 million, inclusive of broker fees, of its common stock under a stock repurchase program, in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing and amount of repurchase transactions under this program will depend on market conditions and other considerations. All of the repurchases will be funded by Audience’s available working capital.
About Audience Audience is the leader in advanced voice and audio processing for mobile devices, and in early 2014 announced its expansion into advanced multisensory and motion processing. Its family of earSmart™ intelligent voice processors is based on the processes of human hearing, to suppress background noise and enhance mobile voice quality. Audience’s technology substantially improves the mobile voice experience, while also improving the performance of speech-based services, and enhancing audio quality for multimedia. Audience earSmart™ processors are featured in mobile devices from leading providers in Asia-Pacific, Europe and the U.S. The company is based in Mountain View, California. For more information, see www.audience.com.
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For more information, contact: Investors and Shareholders The Blueshirt Group Suzanne Schmidt 415-217-4962 Email Contact
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Melanie Solomon 415-217-4964 Email Contact
Media and Industry Analysts Diane Vanasse 408-242-0027 Email Contact
Source: Audience
