Spatializer Enjoys a Rise in 1st-Quarter Profit

Spatializer Audio Laboratories Inc., Woodland Hills, reported net income of $171,000 for the first quarter ended March 31 compared to net income of $2,000 for the same period last year. Revenues rose to $506,000 from $358,000.

Spatializer develops and licenses technologies for the consumer electronics, computing and entertainment industries.