Seeking Alpha

Audience launches $15M buyback

  • 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
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