Audio Research filing for bankruptcy?

Sh*t happens. We win some, we lose some. That is the way of life.

Audio Research voluntarily agreed to assign its assets to a receiver, Lighthouse Management Group, Inc, on April 4th. We want you to understand what that means and how it affects our daily operations. Audio Research has been operating since the assignment was filed almost four weeks ago, ten days before the AXPONA show where our VP of Sales (Allan Haggar) worked with our dealer Quintessence Audio, which featured a statement system including Ref 10, Ref Phono10, and Ref 160M MkII amps. Little has changed outwardly. Audio Research remains staffed with Greg and Evan answering questions and assisting owners via email and on the phone; the service department continues repairing products; production is building new products and performing updates; our parts inventory has been good and we continue to receive parts shipments; our sales department continues to accept product orders, and our shipping department continues shipping parts and product orders along with completed service units. Dave Gordon gave our Philippine distributor a tour of the facilities on April 26, where he and his wife were able to meet everyone, see everything going on, and listen to music in the sound room. The tour had been scheduled in March and did not need to be cancelled or postponed. Trent Suggs was relieved of control of Audio Research and we have been working with individuals to purchase the company: we expect to have a new owner very soon. There will be continuity as production, engineering, purchasing, service, and critical personnel will remain working for Audio Research. Including Warren Gehl. We just turned 53 in April and we look forward to continuing to provide the finest high performance audio products, service and support to our loyal customers, dealers and distributors.

@charles1dad  already posted that@jomonhifi .

I own all Audio Research equipment. I am very disappointed that Trent has not been successful in managing the company. He has certainly been a great customer advocate. I have no doubt that the company will survive. Their products are second to none.

Trent has responded to my needs and concerns. I am ecstatic owning all Audio Research equipment and will continue to. If I had just purchased a piece of equipment I would be happy that I did. I purchased my first Audio Research component in 1979. It performed flawlessly until 2020 when I replaced it with a newer version…a friend of mine uses the original.