SRS Labs Inc. (Nasdaq:SRSL) reported financial results for the second quarter ended June 30, 2011. Revenues in the second quarter 2011 increased 6% to $7.6 million from $7.2 million in the same period a year ago. The increase was attributable to higher licensing revenues in the personal telecommunications market, offset by decreased revenues in the automotive and home entertainment markets. The revenue growth was also attributable to increased product sales during the quarter.

Read more at: http://pennyomega.com/?p=16631