DTS Revenue Jumps to $49 Million on Home, Mobile and Auto Segment Growth

DTS Q3 revenue jumped 59 percent to $48.7 million, said the company in a Monday news release. CEO Jon Kirchner attributed growth to the home, mobile and automotive segments, calling out expansion in the Play-Fi line with Onkyo and Pioneer and additional models incorporating DTS Headphone:X in Huawei’s mobile device line. New 2017 model year vehicles from Hyundai, Audi and Lincoln have added HD Radio, he said. Net income was $600,000 vs. a loss of $2.8 million in the year-ago quarter. Tessera announced in September (see 1609200027) it was buying DTS for $850 million. The deal is expected to close in December.