Audience launches $15M buyback

|By:, SA News Editor

Audience's (ADNC -11.5%) buyback is good for repurchasing nearly 6% of shares at current levels. It comes after the voice-processing tech provider tumbled in regular trading in response to the revision of Q4/2013 income statement and balance sheet figures.

The buybacks only stand to make a small dent into Audience's $139.5M cash/investment balance (equal to 54% of its market cap).

ADNC +0.7% AH