Audience tumbles after restating Q4/2013 figures

|By:, SA News Editor

Audience (ADNC -13.4%) has revised a slew of Q4 and 2013 income statement numbers, as well as several year-end balance sheet figures. (8-K)

Some of the changes: Audience's Q4 net loss was $0.13/share instead of $0.11/share; Q4 hardware revenue was $31,109 instead of $31,529; Q4 gross margin was 52.3% instead of 53.2%; year-end inventories totaled $13,422 instead of $13,581; and year-end accounts receivable totaled $5,670 instead of $6,091.

CFO Kevin S. Palatnik could face some scrutiny over the revisions.