In 2006, it merged with Hoshin Textile Co., Ltd. and was renamed simply as DSP ent. However, looking forward, the pandemic has changed culture and habits globally in ways that we believe will drive increased demand for our products in an environment that is increasingly reliant on high quality communications and remote collaboration tools. Further, the Company believes it is useful to investors to understand how the expenses associated with equity-based compensation are reflected in its statements of incomeNon-GAAP net income and diluted earnings per share for the second quarter of 2020 were $1.6 million and $0.06, respectively, as compared to non-GAAP net income and diluted earnings per share of $1.7 million and $0.07, respectively, for the second quarter of 2019. DSP N, formerly DSP Sprouts (DSP새싹즈) and DSP Warriors, is a South Korean pre-debut boy group under DSP Media.
The company changed to its current name in 2008. It was founded in 1991 as Daesung Planning (대성기획) before changing its name to DSP Entertainment (DSP엔터테인먼트) in 1999. It was founded in 1991 as Daesung Planning (대성기획) before changing its name to DSP Entertainment (DSP엔터테인먼트) in 1999. ET today, and invites you to listen via our conference call or a live broadcast over the Internet.A replay of the conference call will be available for a week following the call. DSP Media (디에스피미디어) is a South Korean music label and entertainment agency. ⢠Secure, reliable, scalable distributed system ⢠Programming algorithms optimization ⢠Broadcast automation ⢠Multi-channel app development ⢠Converting files and changing file resolution ⢠Protecting your valuable information ⢠Distributed applications ⢠Reducing cost by automating the time consuming tasksRue Ferrier 8, Geneva 1202, Switzerland ⢠Adding additional metadata to all assets ⢠Video, audio and ancillary data processing enginesWe provide following custom engineering services:⢠Software Quality Assurance and TestingThe cloud playout platform provides substantial benefits to playout centres, major broadcasters and all media companies participating in the broadcast chain. ⢠IP-centric, cloud based playout ⢠Content sharing - partners, individuals, online platforms etc.Innovative digital asset management solution for any organization. This press release contains statements that qualify as “forward-looking statements” under the Private Securities Litigation Reform Act of 1995, including Mr. Elyakim’s statements that: (i) by combining DSP Group’s core low-power voice processing and audio codec expertise with SoundChip’s system-level design expertise and patents around ambient noise cancellation, the company has doubled its potential SAM; (ii) DSP Group currently expects a decline in revenues in the third quarter; (iii) DSP Group’s belief that the pandemic has changed culture and habits globally in ways that will drive increased demand for its products; (iv) DSP Group’s best-in-class technologies for voice-as-a-user-interface, IoT and unified communications are key enabling technologies for major trends that have arisen from the pandemic; (v) DSP Group is well positioned for long-term sustainable growth in the SmartVoice, SmartHome and Unified Communications markets; and (vi) DSP Group’s expectation of increasing its SAM and growth opportunities with its recent entry into the hearables market. By combining our core low-power voice processing and audio codec expertise with SoundChip’s system-level design expertise and patents around ambient noise cancellation, we have effectively doubled our potential service addressable market (SAM).”Revenues for the second quarter of 2020 were $28.3 million, a decrease of 2% from revenues of $29 million for the second quarter of 2019.
Founded. In 2006, it merged with Hoshin Textile Co., Ltd. and was renamed simply as DSP ent. DSP Group assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.Tali Chen, Chief Marketing Officer, Tali.Chen@dspg.comInvestors may access the conference call by dialing +1 (877) 870-9135 (domestic US) or +44 (0) 2071 928338 (international) approximately 10 minutes prior to the starting time.
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