El Segundo, CA. Consumer electronics manufacturer Aura Systems, Inc. reports sharply increased revenues and profits for its second quarter and year to date, ending August 31.
Revenues for the first six months ending August 31, 1996 totaled $45 million (US) as compared to $27 million (US) in the same six month period a year ago. Net income for the six months was well over $1 million (US) as compared to a loss of almost $2 million (US) in the same period of 1995.
Most of the increase in revenue resulted from sales of sound-related products sold under the AuraSound™ brand name. This includes AuraSound Speakers and Bass Shakers™. Aura’s computer-related products (monitor screens) via its Newcom subsidiary also showed good results.
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