Parametric Sound improves revenue thanks to increased commercial product sales

Parametric Sound Corp. (NASDAQ: PAMT), reported revenue totaled USD212,000 during the third quarter of fiscal 2013, as compared to USD34,000 during the same period last year, reflecting an increase in commercial product sales.

Gross profit was USD101,000 compared to USD16,000 for the prior year.

Selling, general and administrative expenses during the third quarter of fiscal 2013 totaled USD1.4m as compared to USD1.3m during the same period last year. Third quarter expense included non-cash stock based compensation from stock options of USD405,000 compared to USD777,000 for the prior year.

Parametric Sound, a technology company, focuses on delivering audio solutions through its HyperSound (HSS) technology platform primarily in North America, Europe, and Asia. The company is headquartered in Poway, California. The company´s website is at http://www.parametricsound.com.

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