NEW REPORT: Quarterly Update on LRAD (NASDAQ)

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describe the imageWe just released our second business update on LRAD Corp. (LRAD-NASDAQ), a company developing and marketing acoustic hailing devices (AHD) that support the delivery and intelligibility of audio broadcasts over long ranges.

The Company’s Long Range Acoustic Device® (LRAD®) technology uses advanced sound reproduction technologies and novel acoustic materials to broadcast authoritative and highly intelligible instructions, warnings, alarms, and other sounds over several miles. LRAD® improves upon traditional speaker systems and megaphones by directing sound only where needed. Similar to a spotlight, which produces an intense beam of targeted light, each LRAD® system delivers a focused, directional audio broadcast. The beam width, frequency range, and maximum continuous output of LRAD® devices can be adjusted to target individuals, small groups, and large crowds at various ranges. LRAD Corp.’s versatile product portfolio has a range of applications, including public safety, law enforcement, military, commercial security, and wildlife and asset protection. 

Highlights from our latest update, which is available here, include the following: 

  • Greater demand from the U.S. military for LRAD's products leading to higher year-over-year quarterly revenues
  • A transition to new corporate offices in a new facility with greater manufacturing capacity
  • Expanded product line to include the LRAD 360X™, which provides uniform 360-degree broadcasts in support of effectively delivering mass notifications and emergency warnings, and which has already been shipped for earthquake and tsunami warnings
  • Details of the Company's key law enforcement and public safety markets 
  • Expanded Board of Directors 
  • New financials