Digital technology company DTS Inc. is on track to meet its forecast revenue for the year helped along with a positive second quarter. The Agoura Hills-based firm had net income of $5 million, or $0.27 per diluted share, on revenues of $12.8 million for the quarter ending June 30. For the same period a year ago, the company had a net loss of $658,000, or $0.04 per diluted share, on revenues of $12.9 million. For the six month period, DTS posted a net income of $6.3 million, or $0.35 per diluted share, on revenues of $28 million. For the same period in 2007, the company posted a net loss of $1.4 million, or $0.08 per diluted share, on revenues of $25.5 million. Given the economic environment, the company did well in the second quarter, said DTS President and CEO Jon Kirchner. “We believe we are well on track to achieve our full year expectations of $55 to $59 million dollars in revenue,” Kirchner said.
