I measured the Acoustic Research AR-M2 with my Audio Precision SYS2722 system (see the January 2008 "As We See It"). Source materials were WAV and AIFF test-tone files, as well as DSD64 and DSD128 files of test tones prepared for me by Malcolm Hawksford. The AR-M2's battery was fully charged at the start of the testing.
The maximum output level was 1.89V from the line output jack and 3.71V from the headphone jack, both with the volume set to its maximum. The output impedance was 100 ohms from the line-out jack and 10 ohms from the headphone jack, both…