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Aureal posts Q1 earnings

Revenues rise by 250 per cent, net loss falls to $4.1 million

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Audio company Aureal said that its Q1 1999 figures showed a rise in revenues of 250 per cent compared to the same period last year, amounting to $12.6 million. The net loss for Q1 1999 was $4.1 million, compared to a net loss of $5.5 million in Q1 1998. Gross margins rose to 34 per cent in Q1, a rise of 22 per cent for the same quarter last year. According to the company, demand for its sound card products fuelled the rise in revenues. ®

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