lrad corp (LRAD) Key Developments
LRAD Corporation Receives $672,000 LRAD 1000X Systems Order for Bird Preservation at International Mining Site
Jun 23 15
LRAD Corporation announced a $672,000 follow-on order for LRAD 1000X systems at an international mining site. LRAD systems use directionality and focused acoustic output to broadcast a wide variety of tones and predator calls to ensure against habituation and safely deter wildlife at distances in excess of 2,000 meters. LRAD can be manually operated or integrated into remotely controlled command and control centers.
LRAD Corporation to Supply LRAD 100X Systems and Accessories for a Police Force in Asia
Jun 2 15
LRAD Corporation announced a $634,000 LRAD 100X systems and accessories order for a police force in Asia upgrading its communication products to include LRAD’s long range, highly intelligible voice capability. The order is scheduled for delivery in the fiscal year 2015. The LRAD 100X is a self-contained, handheld device that significantly outperforms other products typically used by law enforcement for crowd communication. LRAD 100X directional broadcasts overcome engine, wind, siren, and crowd noise to ensure every message is clearly delivered. In addition to being 20 – 30 decibels louder than bullhorns and megaphones, the LRAD 100X is also four to six times louder and significantly more intelligible than systems of comparable size and weight.
LRAD Corporation Receives $700,000 Follow-On Orders for LRAD 360X Mass Notification Systems
May 12 15
LRAD Corporation announced $700,000 in orders for LRAD 360X systems and accessories for a country in Asia replacing and upgrading its tsunami warning system to include LRAD's highly intelligible voice capability. The order is part of an ongoing rollout of LRAD 360X installations into additional cities and towns. The order is scheduled for delivery this fiscal year. Comprised of between one and four LRAD 360X emitters enabling customization of the broadcast area over distances ranging from 75 meters up to 5.3 sq. km., LRAD life safety systems can be activated and monitored by IP, digital or analog radio, GSM/GPRS and/or satellite. Featuring LRAD's proprietary technology, ONE VOICE systems provide civil authorities a highly intelligible communications capability to broadcast multilingual warnings, notifications, directions, and instructions that are clearly heard and understood over wind, traffic, engine and background noise, even inside buildings and vehicles.
LRAD Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015
May 7 15
LRAD Corporation announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2015. Revenues were $4,486,000 against $5,387,000 a year ago. Net income was $291,000, or $0.01 per basic and diluted share against $526,000 or $0.02 per basic and diluted share, reported during the fiscal second quarter of 2014. Income from operations was $261,000 against $522,000 a year ago. Income from operations before income taxes was $292,000 against loss of $527,000 a year ago.
Revenues were $4,656,000 against $4,674,000 a year ago. Net income during the six month period ended March 31, 2015 totaled $796,000, or $0.02 per basic and diluted share against $657,000 or $0.02 per basic and diluted share, reported for the six months ended March 31, 2014. Income from operations was $741,000 against $649,000 a year ago. Income from operations before income taxes was $798,000 against $659,000 a year ago.
LRAD Corporation Receives $300,000 Orders from U.S. Government
May 6 15
LRAD Corporation announced orders for a U.S. Government department totaling over $300,000 for LRAD 360Xm mass notification systems and additional Sound
Barrier vehicle protection systems. All orders are scheduled to ship this fiscal year. The follow-on order for Sound Barrier vehicle protection systems will help protect drivers and occupants travelling in dangerous areas overseas. The LRAD Sound Barrier vehicle security solution creates a 360° deterrent zone to safely and effectively warn and ward off threats to government vehicles, VIP cars, and armored trucks. The same U.S. Government department also ordered LRAD 360Xm mass notification systems for trials at certain foreign facilities. Featuring LRAD's voice intelligibility and reliability, every word in an LRAD 360Xm broadcast is clearly heard and understood throughout localized or large areas. The LRAD 360Xm safely delivers public address and emergency warning broadcasts with unsurpassed clarity and range with 360° coverage.