Spatializer Audio Reports 833% Rise in Net Since ’99

Spatializer Audio Laboratories Inc. in Woodland Hills reported net income for the quarter ended June 30 of $112,000, an 833% increase over net income of $12,000 for the second quarter of 1999. Revenue increased 80% to $530,000, compared with $294,000.

Spatializer develops, licenses and markets technologies for the consumer electronics, computer and entertainment industries.