LRAD Corp. Reports Q2 Revenue of $5.4 MillionWednesday, May 7, 2014
LRAD Corp., the San Diego business that makes a high-volume sound systems used for military applications and crowd control, reported second quarter net income of $526,000 on revenue of $5.4 million. That compares with a net loss of $459,000 on revenue of $3.2 million in the same quarter last year. The business ended its second quarter on March 31.
For the six months, LRAD (Nasdaq: LRAD) reported net income of $657,000 on revenue of $9.2 million. That compares with a net loss of $560,000 on revenue of $6.2 million.
Shares closed May 7 at $1.82, down a penny. LRAD had 33.06 million shares outstanding, for a market capitalization of $60.17 million.