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Blu-ray Helps DTS Income

A strong market for home entertainment programming in the Blu-ray format contributed to digital technology company DTS Inc. to finish in the black for the first quarter. The Agoura Hills-based company reported a net income of $187,000, or $0.01 per diluted share, on revenues of $17.3 million for the quarter ending March 31. For the same period in 2008, the company reported a net income of $1.3 million, or $0.07 per diluted share, on revenues of $15.2 million. Net income would have been higher for the quarter had DTS not paid $2.6 million in legal expenses and $880,000 in tax adjustments related to ongoing prior year tax audits. Certain segments of consumer electronics, particularly Blu-ray, were strong for DTS during the quarter. “The market for Blu-ray products continues to accelerate with declining price points, greater hardware and content availability, and increasing retail presence,” said company President and CEO Jon Kirchner. Mark R. Madler

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