April 20, 2014 9:28 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Audience, Inc.

Company Overview

Audience, Inc. provides voice and audio solutions for mobile devices in Korea, China, the United States, and internationally. Its platform consists of proprietary, purpose-built digital signal processors (DSPs) and audio codecs, analog and mixed signal circuits, and algorithms for voice isolation and noise suppression. The company offers voice and audio processors, including eS305, a second generation voice and audio processor for far-field wideband communications; eS310 that provides flexible connectivity to analog and digital interfaces; eS325, a third generation voice and audio processor for consistent voice call experience when moving between 3G and 4G networks; eS70x, which delivers a r...

331 Fairchild Drive

Mountain View, CA 94043

United States

Founded in 2000

329 Employees

Phone:

650-254-2800

Key Executives for Audience, Inc.

Chief Executive Officer
Age: 53
Total Annual Compensation: $350.0K
Chief Financial Officer and Principal Accounting Officer
Age: 55
Total Annual Compensation: $300.0K
Vice President of Engineering
Age: 46
Total Annual Compensation: $130.9K
Compensation as of Fiscal Year 2012.

Audience, Inc. Key Developments

Audience, Inc. Introduces MQ100 and the eS703 and eS705 with Always-on MotionQ Technology

Audience, Inc. announced the introduction of its first multisensory processors, the MQ100 and the eS703 and eS705 with Always-on MotionQ technology. Audience MotionQ technology enables Always-on, contextually aware applications such as activity monitoring and indoor navigation as well as interpreting smartphone gesture information such as tapping, while consuming less than 5mW, significantly less than other motion processing architectures. Audience's deep experience in neuroscience uniquely positions it for this new segment. In the same way that Audience Always-on VoiceQ technology, launched at CES 2014, enables voice to wake devices and issue simple commands, MotionQ technology draws on cues from the gyroscope, magnetometer, accelerometer and pressure sensors to provide contextual information. This information can then be used to power applications spanning fitness, navigation and activity recognition, as well as the ability to detect typical smartphone gestures such as taps, shakes, swipes and more. Further, voice, motion and environmental information can be combined in Audience multisensory processors to provide even higher levels of natural user experience. More than a decade of research and development into cognitive computing enables Audience to deliver this level of functionality at ultra-low power, extending battery life when using these new applications. The Audience MQ100 is a stand-alone motion processor designed to manage and fuse information from a device's various sensors, in extremely low power. To keep a device in Always-on mode, current motion processing implementations call for individual sensors to constantly communicate with high-powered application processors (AP) for always-on capabilities, resulting in power consumption of between 60-200 mW. With power consumption of less than 5mW, the MQ100 offers device manufacturers the ability to enable these exciting use cases without sacrificing precious battery life. The MQ100, eS703 and eS705 will integrate seamlessly with motion and environmental sensor fusion software from leading providers, to supply a solution that includes the motion processing algorithms and host software enabling customers with a fast time-to-market. Audience expects the MQ100, eS703 and eS705 to be available for shipment in late 2014.

Audience, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2013; Provides Earnings Guidance for the First Quarter Ending March 31, 2014

Audience, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2013. For the quarter, the company reported total revenue of $33,561,000, loss from operations of $4,474,000, loss before income taxes of $4,517,000, net loss of $2,494,000 or $0.11 per diluted share, non-GAAP net loss of $2,438,000 or $0.11 per diluted share compared to the total revenue of $38,689,000, income from operations of $1,863,000, income before income taxes of $1,855,000, net income of $3,439,000 or $0.15 per diluted share, non-GAAP net income of $3,209,000 or $0.14 per diluted share for the same quarter a year ago. For the year, the company reported total revenue of $160,551,000, income from operations of $4,690,000, income before income taxes of $4,566,000, net income of $2,497,000 or $0.11 per diluted share, non-GAAP net income of $9,115,000 or $0.39 per diluted share compared to the total revenue of $143,905,000, income from operations of $14,867,000, income before income taxes of $14,445,000, net income of $15,597,000 or $0.65 per diluted share, non-GAAP net income of $17,995,000 or $0.88 per diluted share for the previous year. For the first quarter ending March 31, 2014, the company estimated GAAP diluted net loss per share of $0.24 to $0.28 and non-GAAP diluted net loss per share of $0.17 to $0.21. For the first quarter of 2014, the company expected total revenue to be in the range of $33 to $36 million. First quarter GAAP gross margin is expected to be in the range of 49% to 52%. First quarter GAAP net loss, which includes $1.5 million of expected stock-based compensation expense, is expected to be in the range of $5.1 to $6.1 million. Non-GAAP operating margin is expected to be in the range of a negative 13.5% to a negative 15.5%.

Audience, Inc., Q4 2013 Earnings Call, Feb 06, 2014

Audience, Inc., Q4 2013 Earnings Call, Feb 06, 2014

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