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Andrea Electronics (ANDR)

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Last Post: 12/1/2016 7:58:59 AM - Followers: 32 - Board type: Free - Posts Today: 0

REVENUES $ANDR 2015   $13.234 +982% (0.20 share)

Our total revenues from continuing operations for the years ended December 31, 2015 and 2014 were approximately $13.2 million and $1.2 million, respectively. Net income from continuing operations for the year ended December 31, 2015 was approximately $2.5 million, or $0.04 per share on a basic and diluted basis, versus a net loss from continuing operations of approximately $2.5 million, or $0.04 net loss per share on a basic and diluted basis for the year ended December 31, 2014. On April 2, 2015, we sold our Andrea Anti-Noise Products Division. For the year ended December 31, 2015, the Anti-Noise Products business segment generated approximately $662,000 in revenue and a total operating loss of approximately $300,000 and we recorded a gain on the sale of the segment of approximately $880,000. For the year ended December 31, 2014, the Anti-Noise Products business segment generated approximately $1.6 million in revenue and a total operating loss of approximately $365,000. We continue to explore opportunities to grow sales in other business areas and vigorously defend and monetize our intellectual property. http://ih.advfn.com/p.php?pid=nmona&article=70923479&symbol=ANDR

March 24, 2016 $7.900 of cash (0.12 share)

Under liquidity and Capital Resources: 
"We plan to improve our cash flows in 2016 by aggressively pursuing monetization of our patents related to our Andrea DSP Microphone Audio Software, increasing the sales of our Andrea DSP Microphone Audio Software Products through the introduction of new products as well as the increased efforts we are putting into our sales and marketing efforts. As of March 24, 2016, Andrea had approximately $7,900,000 of cash deposits." 



 

Andrea Electronics is a pioneer of digital array microphones and noise reduction software. Andrea is an industry leader of product solutions that optimize the performance of voice driven applications such as; Speech Recognition, VoIP, Video Conferencing, Computer Gaming, In-Car Computing and Mobile Recording among others.

We possess both the technological and engineering capability to deliver truly innovative audio input solutions at cost-competitive prices. We can embed, scale or customize our unique Patented Microphone Technologies for various software and hardware platforms. In addition, we also provide over 20 years of embedded microphone acoustics know-how.

Commitments to research and development have enabled Andrea Electronics to carve a niche in a converging computing and communications marketplace. As a result, the Company has built a leadership position as a provider of front-end digital audio input solutions for the OEM computer industry.

End users enjoy our hi-definition sound quality and the fact that our products increase the intelligibility of communicating while in real world noisy environments. As well as providing state-of-the-art digital array microphones and noise reduction software, we pride ourselves in also delivering the highest level of technical customer service.

CLICK HERE TO DOWNLOAD OUR DIGITAL OEM PRESENTATION.

http://www.andreaelectronics.com
http://www.otcmarkets.com/stock/ANDR/profile

Andrea Electronics Corp.
65 Orville Drive
Bohemia, NY 11716

Phone: (631) 719-1800

Corporate Officers

Douglas J. Andrea
President, Chief Executive Office, Chairman of the Board and Corporate Secretary
Corisa L.Guiffre
Vice President & Chief Financial Officer

Share Structure :

  Market Value1 $2,737,681 a/o Dec 24, 2015
  Authorized Shares 200,000,000 a/o Nov 12, 2015
  Outstanding Shares 64,416,035 a/o Nov 12, 2015

 

  
 

Income Statement 2015
Revenue (ttm): 2.83M
Revenue Per Share (ttm): 0.04
Balance Sheet 2015
Total Cash (mrq): 3.83M
Total Cash Per Share (mrq): 0.06

CHART:


Andrea Electronics Corporation is a leading provider of advanced microphone products and audio enhancement software. Andrea’s technology can be found in Andrea’s retail products and in certain products offered by Andrea’s commercial partners. This page is intended to serve as notice under 35 U.S.C. § 287(a)

PRODUCT U.S. PATENT NOS.
PureAudio Live Recorder
PureAudio Live Recorder for iPad
6,363,345; 6,377,637
PureAudio Pro Recorder
PureAudio Pro Recorder for iPad
5,825,898; 6,178,248; 6,198,693; 6,332,028; 6,363,345; 6,377,637; 6,483,923; 6,594,367; Pat pend.
*USBD2-A; SUMA; USB-SA;
USB-MA, “USB-SA with Array-2SA”, “USB-SA, Array-2SA & HS-75”
5,825,898; 6,049,607; 6,108,415; 6,178,248; 6,198,693; 6,332,028; 6,363,345; 6,377,637; 6,483,923; 6,594,367; 8,150,054; 8,767,973; Pat pend.
*USB-SA Headset; WNC 1500;
NC-181VM USB; NC-185VM USB
6,363,345; 6,377,637; Pat pend.
*SB-205; SB-405; SB-805 5,825,898; 6,049,607; 6,108,415; 6,178,248; 6,198,693; 6,332,028; 6,363,345; 6,377,637; 8,542,843; 8,818,000
DA-150, DA-250, DA-350 and other designated array microphones with an embedded processor 5,825,898; 6,049,607; 6,108,415; 6,178,248; 6,198,693; 6,332,028; 6,363,345; 6,377,637; 6,483,923; 6,594,367; 8,150,054; 8,767,973; Pat pend.
Blinx Buds 7,391,762
Acoustic microphone boot 6,108,415

Link Patents ANDREA ELECTRONICS: http://www.andreaelectronics.com/patents/

NEWS:

ANDREA FILES COMPLAINT WITH THE UNITED STATES INTERNATIONAL TRADE COMMISSION BOHEMIA, N.Y. (January 26, 2014) – Andrea Electronics Corporation (OTCBB: ANDR - News), a leading developer of hardware and software microphone technologies, announced today that it has filed a complaint with the U.S. International Trade Commission, under section 337 of the Tariff Act of 1930, as amended, 19 U.S.C. § 1337. The complaint alleges violations of section 337 based upon the importation into the United States, the sale for importation, and the sale within the United States after importation of certain audio processing hardware and software and products containing same by reason of infringement of U.S. Patent numbers 5,825,898 “System and Method for Adaptive Interference Cancelling,” 6,363,345 “System, Method and Apparatus for Cancelling Noise,” 6,049,607 “Interference Canceling Method and Apparatus,” 6,377,637 “Sub-band Exponential Smoothing Noise Canceling System,” and 6,483,923 “System and Method for Adaptive Interference Cancelling.” The named respondents include Acer Inc., Acer America Corp., ASUSTeK Computer Inc., ASUS Computer International, Dell Inc., Hewlett Packard Co., Lenovo Group Ltd., Lenovo Holding Co., Inc., Lenovo (United States) Inc., Toshiba Corp., Toshiba America, Inc., Toshiba America Information Systems, Inc., and Realtek Semiconductor Corp. According to the complaint, the respondents import products, such as desktop and laptop computers, that use the patent protected audio enhancement technology. Andrea has requested that the Commission institute an investigation and, after the investigation, issue limited exclusion orders and cease and desist orders. http://www.andreaelectronics.com/wp-content/uploads/2015/07/150126_Complaint_Filed_With_ITC.pdf

On October 15, 2015, Andrea Electronics Corporation (the “Company”) entered into a Settlement Agreement with Realtek Semiconductor Corporation (“Realtek”). Under the Settlement Agreement the Company settled outstanding litigation between the Company and Realtek including, (a) Andrea Electronics Corporation v. Realtek Semiconductor Corp., Civ. Action No. 2:15-cv-215, pending in the Eastern District of New York, (b) Realtek Semiconductor Corporation v. Andrea Electronics Corporation, Civ. Action No. 5:15-cv-03184, pending in the Northern District of California, (c) Certain Audio Processing Hardware and Software and Products Containing the Same, Inv. No. 337-TA-949, pending at the International Trade Commission, and (d) IPR2015-1391—1396 pending at the United States Patent and Trademark Office (collectively, the “Litigation”). In addition, the Company and Realtek entered into a Patent and Technology License Agreement. http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10963209

On November 17, 2015, Andrea Electronics Corporation (the “Company”) entered into a Settlement Agreement with Acer Inc. and Acer American Corporation (“Acer”). Under the Settlement Agreement the Company settled outstanding litigation between the Company and Acer including Andrea Electronics Corporation v. Acer Inc. and Acer American Corporation., Civ. Action No. 2:15-cv-215, pending in the Eastern District of New York and Certain Audio Processing Hardware and Software and Products Containing the Same, Inv. No. 337-TA-949, pending at the International Trade Commission (collectively, the “Litigation”). In addition, the Company and Acer entered into a Patent License Agreement. http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11022514

Andrea Electronics Provides Digital Noise Canceling Microphone To Norcon Communications Inc BOHEMIA, N.Y., Nov. 23, 2015 /PRNewswire/ -- Andrea Electronics Corporation (OTC: ANDR), a leading developer of hardware and software microphone technologies, today announced that it is delivering its DA-250, a digital noise canceling and digital signal processing circuit board, to Norcon Communications for integration into their Talk-Thru communicator Unit (TTU). The TTU provides hands-free communication between people separated by security or isolation barriers and is the most widely used barrier intercom system of its type in the world. The new TTU-NC version of TTU incorporates Andrea Electronics' DA250 digital noise canceling module, reduces ambient noise detected within the customers' speech, increasing operator intelligibility for scenarios such as subway and theater ticket window transactions conducted in real world noisy environments.

Satisfied customers using the new TTU-NC include: The 911 Museum, Augusta Entertainment Complex, the Beacon Theater, Barclays Center, Bay Area Rapid Transit, Brigham Young University, Central Arkansas Transit, Cleveland Metroparks, County Of Henrico, Milwaukee Miller Park, Red Bulls Arena, San Bruno Police Department, Tuscaloosa Amphitheater and the University of California among others.

The DA-250 digital noise canceling DSP module is among the latest innovations from Andrea Electronics. Its modular design is targeted towards Original Equipment Manufacturers (OEMs) looking for a better microphone solution with ease of upgrade installation and increased audio system performance providing enhanced intelligibility for their customers. Some market applications for the DA-250 digital noise canceling processor include: virtual teller machines (VTM's), customer service kiosks, hands-free communications for automotive, trucking and police cruisers, intercom systems and fast-food restaurant drive thru order posts http://www.prnewswire.com/news-releases/andrea-electronics-provides-digital-noise-canceling-microphone-to-norcon-communications-inc-300182789.html

On December 22, 2015, Andrea Electronics Corporation (the “Company”) entered into a Settlement Agreement with HP Inc. (“HP”). Under the Settlement Agreement the Company settled outstanding litigation between the Company and HP including Andrea Electronics Corporation v. Hewlett-Packard Co., Civ. Action No. 2:15-cv-208, pending in the Eastern District of New York and Certain Audio Processing Hardware and Software and Products Containing the Same, Inv. No. 337-TA-949, pending at the International Trade Commission (collectively, the “Litigation”). In addition, the Company and HP entered into a Patent License Agreement.
http://ih.advfn.com/p.php?pid=nmona&article=69828333&symbol=ANDR

On January 27, 2016, Andrea Electronics Corporation (the “Company”) entered into a Settlement Agreement with ASUSTeK Computer Inc. and ASUS Computer International (“Asus”). Under the Settlement Agreement the Company settled outstanding litigation between the Company and Asus including Andrea Electronics Corporation v. ASUS Computer Inc. et al., Civ. Action No. 2:15-cv-00214, pending in the Eastern District of New York and Certain Audio Processing Hardware and Software and Products Containing the Same, Inv. No. 337-TA-949, pending at the International Trade Commission. In addition, the Company and Asus entered into a Patent License Agreement. http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11143260

On February 16, 2016, Andrea Electronics Corporation (the “Company”) entered into a Settlement Agreement with Conexant Systems, Inc. (“Conexant”). Under the Settlement Agreement the Company settled outstanding litigation between the Company and Conexant includingAndrea Electronics Corporation v. Conexant Systems, Inc., International Trade Commission case No. 337-TA-949. In addition, the Company and Conexant entered into a Patent License Agreement. http://ih.advfn.com/p.php?pid=nmona&article=70488273

On February 18, 2016, Andrea Electronics Corporation (the "Company") entered into a Settlement Agreement with Lenovo (United States) Inc., ("Lenovo"). Under the Settlement Agreement the Company settled outstanding litigation between the Company and Lenovo including Andrea Electronics Corp. v. Lenovo Group Ltd. et al., and Andrea Electronics Corp. v. Lenovo Holding Co., Inc. et al., in the United States District Court for the Eastern District of New York (Case Nos. 2:14-cv-04489 and 2:15-cv-00212), and Certain Audio Processing Hardware and Software and Products Containing Same, in the United States International Trade Commission (ITC Inv. No. 337-TA-949). The parties also entered a License Agreement.

On March 3, 2016, Andrea Electronics Corporation (the “Company”) entered into a Settlement Agreement with Waves Audio Ltd. (“Waves”) which resolved outstanding litigation between the Company and Waves including Certain Audio Processing Hardware and Software and Products Containing the Same, Inv. No. 337-TA-949 pending at the United States International Trade Commission, and Inter Partes Reviewrequests IPR2016-00459; IPR2016-00461; and IPR2016-00474 pending at the United States Patent and Trademark Office. In addition, the Company and Waves entered into a Patent License Agreement. http://ih.advfn.com/p.php?pid=nmona&article=70703335

SHAREHOLDER INFORMATION

Andrea Electronics stock trades on the Over The Counter Bulletin Board as ANDR.OB. http://www.andreaelectronics.com/shareholder-info/



Small investors of Andrea Electronics would like to pay tribute to Frank Andrea, JR., who passed away on Saturday at the age of 89. Frank served as Chairman of the Board of Andrea Electronics Corporation from 1965 to 1998 and was the son of Andrea Radio Corporation founder, Frank A.D. Andrea, Sr.

                                                                   

Andrea Files New 337 Complaint Regarding Certain Audio Processing Hardware and Software

September 19,2016, Andrea Electronics Corporation of Bohemia, New York (“Andrea”) filed a complaint requesting that the ITC commence an investigation pursuant to Section 337.

The complaint alleges that Apple Inc. of Cupertino, California, Samsung Electronics Co. Ltd. of Korea, and Samsung Electronics America, Inc. of Ridgefield, New Jersey (collectively, the “Proposed Respondents”) unlawfully import into the U.S., sell for importation, and/or sell within the U.S. after importation certain audio processing hardware, software, and products containing same that infringe one or more claims of U.S. Patent Nos. 6,049,607 (“the ’607 patent”), 6,363,345 (“the ’345 patent”), and 6,377,607 (“the ’607 patent”) (collectively, “the asserted patents”). 

According to the complaint, the asserted patents relate to methods and apparatus for processing audio signals, and specifically focus on reducing or cancelling noise and interference.  The accused products are desktop computers, notebook/laptop computers, tablets, smartphones, headsets, headphone, earbuds, and wearables (e.g., watches) that allegedly implement the patented technology.  In particular, the complaint includes charts demonstrating how the asserted independent claims apply to the Apple iPhone 6S and the Samsung Galaxy S7 products.

Regarding domestic industry, Andrea states that its own “Digital Signal Processing (DSP) Microphone and Audio Software Products” (which it refers to as the “Segment 300” business unit) practice claims 1-37 of the ’607 patent, claims 1-47 of the ’345 patent, and claims 1-14 of the ’637 patent.  Andrea further states that it maintains significant and continuous investment in plant and equipment, significant and continuous employment of labor, and substantial and ongoing investment in engineering, research, and development with respect to such products.

As to related litigation, Andrea states that it has filed complaints concurrently against the Proposed Respondents in the U.S. District Court for the Eastern District of New York alleging infringement of the asserted patents in a similar manner.  Further, the asserted patents were previously asserted by Andrea in ITC Inv. No. 337-TA-949, as well as numerous parallel cases in the Eastern District of New York against respondents in that investigation.  Seee.g., our March 23, 2015 post for more details regarding the 949 investigation.

With respect to potential remedy, Andrea requests that the Commission issue limited exclusion orders and cease-and-desist orders directed at the Proposed Respondents.

http://www.itcblog.com/andrea-files-new-337-complaint-regarding-certain-audio-processing-hardware-and-software

On November 16, 2016, ALJ Dee Lord issued Order No. 5 in Certain Audio Processing Hardware and Software, and Products Containing the Same (Inv. No. 337-TA-1026). 

By way of background, this investigation is based on a September 19, 2016 complaint filed by Andrea Electronics Corporation alleging violation by Apple Inc., Samsung Electronics Co. Ltd., and Samsung Electronics America, Inc. of Section 337 by way of unlawful importation into the U.S., selling for importation, and/or selling within the U.S. after importation certain audio processing hardware, software, and products containing same that infringe one or more claims of U.S. Patent Nos. 6,049,607; 6,363,345; and 6,377,607. See our September 21, 2016 and October 21, 2016 posts for more details on the complaint and Notice of Investigation, respectively. 

According to Order No. 5, ALJ Lord set February 26, 2018 as the target date for completing the investigation (which is approximately sixteen months after institution of the investigation). In addition, ALJ Lord noted that the Markman hearing will take place on April 11, 2017; the evidentiary hearing will take place on August 14-18, 2017; and the Initial Determination on alleged violation of Section 337 will be issued on October 26, 2017.



 
 
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ANDR News: Statement of Changes in Beneficial Ownership (4) 11/18/2016 04:02:28 PM
ANDR News: Statement of Changes in Beneficial Ownership (4) 11/18/2016 04:02:02 PM
ANDR News: Statement of Changes in Beneficial Ownership (4) 11/18/2016 04:02:02 PM
ANDR News: Statement of Changes in Beneficial Ownership (4) 11/18/2016 04:02:02 PM
ANDR News: Statement of Changes in Beneficial Ownership (4) 11/18/2016 04:01:35 PM
PostSubject
#2535   What about Microsoft or IBM?? Frosty Foster 12/01/16 07:58:58 AM
#2534   How much is that patent lawsuit going to falon 11/30/16 05:15:07 PM
#2533   Andrea Electronics Files New 337 Complaint Regarding Certain falon 11/30/16 05:07:37 PM
#2532   Andrea Electronics who sells Audio Related Apps for falon 11/30/16 10:41:03 AM
#2531   TalkIQ Launches With $7 Million And Speech Recognition chesco71_com 11/29/16 12:10:30 PM
#2530   TalkIQ Launches With $7 Million And Speech Recognition Omahane1956 11/29/16 11:52:52 AM
#2529   $10 is way to conservative Chesco. Remember we Farsis 11/29/16 11:27:12 AM
#2528   All of the executives got their new stock Omahane1956 11/28/16 07:09:07 PM
#2527   Shareholder updates on the ANDREA website: chesco71_com 11/28/16 12:28:56 PM
#2526   SAMSUNG & APPLE everything is planned ... the chesco71_com 11/28/16 12:17:32 PM
#2525   Value of demand? Currently SAMSUNG and APPLE continue chesco71_com 11/28/16 12:13:27 PM
#2524   On November 16, 2016, ALJ Dee Lord issued Omahane1956 11/26/16 02:29:02 PM
#2523   news-http://finance.yahoo.com/news/andrea-electronics-recognized-deloitte-north- swampboots 11/22/16 12:30:48 PM
#2522   Is not this kind of information worthy of chesco71_com 11/22/16 10:52:45 AM
#2521   On October 19, 2016, the U.S. International Trade Omahane1956 11/21/16 07:28:35 PM
#2520   Lawsuits won + licence agreements made with: Farsis 11/21/16 01:23:55 PM
#2519   Unless we get a sympathetic judge who hears the submariner 11/21/16 10:51:45 AM
#2518   Um that's because ANDR reported a monster Q4 hweb2 11/21/16 10:38:09 AM
#2517   And how is the current quote explained ? chesco71_com 11/21/16 10:06:08 AM
#2516   Great find Omaha...in before the masses is gonna the submariner 11/21/16 09:22:12 AM
#2515   Revenue-growth percentages noted by the list seem astronomical Omahane1956 11/19/16 12:07:31 PM
#2514   The small shareholder does not give a shit chesco71_com 11/16/16 10:34:36 AM
#2513   I wouldn't expect anything different this earnings period Frosty Foster 11/10/16 03:46:11 PM
#2512   Two weeks to earnings, hopefully see some movement soon. Omahane1956 11/03/16 02:34:45 PM
#2511   Stock jumping on volume. Did I miss hweb2 10/20/16 03:26:52 PM
#2510   Good start for the day/week...wish I had grabbed the submariner 10/17/16 10:28:10 AM
#2509   with the current share price does not surprise chesco71_com 10/14/16 05:23:14 AM
#2508   looks the votes are in and the shareholders Frosty Foster 10/13/16 01:21:12 PM
#2507   Someone goes to the shareholders meeting $ANDR? we chesco71_com 10/11/16 10:07:59 AM
#2506   Took a starter today....last time I owned this the submariner 10/06/16 12:04:26 PM
#2505   very good news for $ANDR not understand why chesco71_com 10/04/16 11:23:05 AM
#2504   Can't find the original but it was filed Frosty Foster 10/04/16 10:40:39 AM
#2503   could be privileged information ?? chesco71_com 10/04/16 10:29:45 AM
#2502   Where are you seeing that ANDR filed lawsuits hweb2 10/04/16 10:16:32 AM
#2501   Currently there are no SEC Filings: chesco71_com 10/04/16 10:01:39 AM
#2500   Looks like more lawsuits filed against Apple and Frosty Foster 10/03/16 12:17:24 PM
#2499   Samson Technologies uses 100% of technology ANDR? Samson chesco71_com 10/03/16 11:30:16 AM
#2498   Samson Technologies began in 1980 designing wireless microphone chesco71_com 10/03/16 11:24:20 AM
#2496   Year of few News $ANDR ... chesco71_com 10/03/16 11:11:29 AM
#2495   NITE ASK 0.0878 UP ¡¡ chesco71_com 10/03/16 11:06:54 AM
#2494   Who buy / accumulate? chesco71_com 09/28/16 03:51:17 AM
#2493   Thanks for the information westcoastcash ¡¡ chesco71_com 09/20/16 12:04:17 PM
#2492   The whole equation? The most important part is Farsis 09/17/16 06:05:27 AM
#2491   LIABILITIES HAVE ALSO BEEN REDUCED FROM 6,168,803 to 2,249,705 westcoastcash 09/16/16 02:37:35 PM
#2490   At June 30, 2016, we had cash of Farsis 09/16/16 01:39:03 AM
#2489   It doesnt seem like it. The fact that Farsis 09/14/16 10:42:00 AM
#2488   you know if there approved a share buyback ? chesco71_com 09/14/16 09:44:17 AM
#2487   Must be Doug buying. Dropping revenues, still making Farsis 09/13/16 02:08:21 PM
#2486   Handling, someone is accumulating afterhours 0.05 $ANDR (agreed chesco71_com 09/13/16 04:12:59 AM
#2485   Handling, someone is accumulating afterhours 0.05 $ANDR (agreed chesco71_com 09/13/16 04:12:46 AM
PostSubject