SAN DIEGO (AP) _ Parametric Sound Corp. (HEAR) on Tuesday reported fourth-quarter profit of $14.2 million.
The San Diego-based company said it had profit of 29 cents per share.
The audio technology company posted revenue of $79.7 million in the period.
For the year, the company reported that its loss narrowed to $3.2 million, or 7 cents per share. Revenue was reported as $149.1 million.
For the current quarter ending in April, Parametric Sound said it expects revenue in the range of $29 million.
The company expects a full-year loss of 3 cents per share, with revenue expected to be $157 million.
In the final minutes of trading on Tuesday, the company's shares hit 56 cents. A year ago, they were trading at $1.04.