CSR plc announces that SMS Audio, LLC has licensed its aptX(R) audio codec to ensure music lovers get to experience music delivered wirelessly via Bluetooth(R) at the same quality as it was created in the studio. SMS Audio will integrate the aptX audio codec, which ensures sound quality is maintained over a Bluetooth connection, in a new range of high-end wireless speakers and headsets giving users the clearest and cleanest sound wirelessly. The first products to be launched as part of the new range will be the SYNC by 50(TM) On-Ear Wireless Headphones and SYNC by 50(TM) portable Bluetooth speaker and will arrive in retail stores globally in late summer 2013. By joining the ever-expanding aptX ecosystem, SMS Audio will be part of a community of 156 high-profile manufacturers including Samsung and Sony, that all use aptX across a range of audio devices including smartphones, wireless speakers and headsets, to enhance the wireless audio experience.

CSR plc reported unaudited consolidated earnings results for the first quarter ended March 29, 2013. For the quarter, the company reported profit of $1,120,000 or $0.01 per basic and diluted share on revenues of $237,928,000 compared to loss of $13,969,000 or $0.07 per basic and diluted share on revenues of $226,988,000 a year ago. Operating profit was $7,707,000 compared to operating loss of $15,750,000 a year ago. Profit before tax was $5,866,000 compared to loss before tax of $16,584,000 a year ago. Net cash used in operating activities was $11,491,000 compared to $15,395,000 a year ago. Purchases of property, plant and equipment was $4,045,000 compared to $1,782,000 a year ago. Purchases of intangible assets were $7,371,000 compared to $1,511,000 a year ago. Underlying profit before tax was $17,697,000 compared to $2,414,000 a year ago. Underlying profit for the period was $12,613,000 or $0.07 per basic and diluted share compared to $1,612,000 or $0.01 per basic and diluted share a year ago. Core revenue was $171.8 million compared to $138.9 million a year ago. Underlying operating profit increased by $16.4 million to $19.1 million compared to $2.7 million a year ago. This can be attributed to both an increase in underlying gross profit of $7.6 million to $122.4 million and a decline in underlying operating expenses of $8.8 million over the comparable period last year. The company expected second quarter of 2013, revenues to be in the range of $245 million to $265 million. For the full year 2013, the company expected capital expenditures to be around $30 million. The company expected the rate for the full year to be similar to last year's rate of 23.6%. The company expected to generate good free cash flow, driven by strong profitability, a recovery in working capital and reduced quarterly capex.

CSR announced Fulton Financial Corporation will offer the CSR Breach Reporting ToolKit(TM) solution to its portfolio of 5,100 merchants, with rollout currently underway. The CSR Breach Reporting ToolKit is the only national service of its kind for reporting data breach incidents. It alleviates the significant burden businesses encounter when trying to comply with mandatory data breach reporting requirements levied by a multitude of authorities and regulating bodies. The CSR Breach Reporting ToolKit service identifies and files the required reports in a timely fashion. Failure to properly communicate data loss incidents can result in steep fines, as well as civil and criminal prosecution.