Spatializer Audio Has Net Income of $308,000

Spatializer Audio Laboratories Inc. in Woodland Hills reported net income of $308,000 for the fourth quarter that ended Dec. 31, compared with a net loss of $2.66 million for the same quarter the previous year. Revenues increased to $684,000 from $91,000.

For 1999, the company reported net income of $395,000, compared with a net loss of $5.79 million for 1998. Revenues dipped to $1.66 million from $1.68 million.

The company provides audio technology for consumer electronics and computer markets.