| Parametric Sound to Report First Quarter Financial Results on May 12, 2014 | Posts Updated Investor Presentation on Company Website
SAN DIEGO, May 1, 2014 /PRNewswire/ -- Parametric Sound Corporation (NASDAQ: HEAR) today announced that it will report first quarter 2014 financial results after the market close on May 12, 2014. On that same day, Juergen Stark, CEO, and John Hanson, CFO will host a conference call and simultaneous webcast to discuss results at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time.
In the prospectus supplement filed with the SEC on April 24, 2014, the Company disclosed that it expected net revenue to be in the range of $36 million to $38 million for the first quarter ended March 31, 2014, an increase of approximately 22% to 29% over the same period a year ago.
"Fiscal year 2014 has gotten off to a very good start with first quarter sales tracking ahead of our initial expectations," said Juergen Stark, Chief Executive Officer of Parametric Sound Corporation. "Our growth is being fueled by strong retailer and consumer demand for new product introductions, including our recently launched line of Xbox One compatible headsets. We are encouraged with our strong top-line momentum and believe we are well positioned to execute our near and long-term growth strategies and generate increased value for our shareholders."
The company also announced it has posted an updated investor presentation on the investor relations section of its corporate website. The new presentation can be accessed at parametricsound.com.
To participate in the conference call, investors should dial (877) 303-9855 (domestic) or (408) 337-0154 (international), pass code 36801752, 10 minutes prior to the scheduled start of the call. A simultaneous audio-only webcast of the call may be accessed on the internet at www.parametricsound.com.
For investors unable to participate in the live event, an archive of the webcast will be available on the company's website for approximately 1 year. A taped replay of the call will be available for one week at (855) 859-2056 and (404) 537-3406, pass code 36801752.
About Parametric Sound
Parametric Sound Corporation is an audio technology company that markets innovative products under the Turtle Beach and HyperSound brands.
The company designs and markets premium audio peripherals for video game consoles, personal computers and mobile devices under the brand Turtle Beach (TurtleBeach.com), including officially-licensed headsets for the next-generation Xbox One and PlayStation 4 consoles. Turtle Beach is the leading brand in video game audio and the official audio provider for Major League Gaming, the world's largest eSports league, and Twitch, the world's leading video platform and community for gamers.
Under the brand HyperSound (HyperSound.com), the company markets pioneering directed audio solutions that beam sound to a specific listening area without the ambient noise of traditional speakers. HyperSound has applications in digital signage and kiosks, consumer electronics and health care.
Cautionary note on forward-looking statements |
