LRAD Corporation was founded in 1980 and recapitalized in 1992. In 1996, the Company launched its first directed sound technology and began engineering sound solutions for the commercial, government, and military markets. In response to the October 2000 attack on the USS Cole, the Company’s engineering team developed the revolutionary Long Range Acoustic Device® (LRAD® ). With the introduction of LRAD systems in 2003, the Company created the acoustic hailing device (AHD) market. Today, LRAD directional sound systems are being used around the world in diverse applications including fixed and mobile military deployments, maritime security, critical infrastructure and perimeter security, commercial security, border and port security, law enforcement and emergency responder communications, and wildlife preservation and control.

LRAD Corporation’s management team blends technology, operations, manufacturing and marketing expertise with acoustic engineering experience. Since 2006, this team has advanced the Company’s LRAD systems offerings and expanded their market applications resulting in four consecutive fiscal years of record LRAD systems revenues. Get to know each team member by clicking the officer's name.
Company Growth (employees)
Type
Public
HQ
San Diego, US
Founded
1980
Size (employees)
46 (est)
Website
lradx.com
LRAD was founded in 1980 and is headquartered in San Diego, US

LRAD Office Locations

LRAD has an office in San Diego
San Diego, US (HQ)
a 16990 Goldentop Rd

LRAD Data and Metrics

LRAD Financial Metrics

LRAD's revenue was reported to be $5.7 m in Q2, 2017
USD

Revenue (Q2, 2017)

5.7 m

Gross profit (Q2, 2017)

2.9 m

Gross profit margin (Q2, 2017), %

51%

Net income (Q2, 2017)

298.4 k

EBIT (Q2, 2017)

435.6 k

Market capitalization (17-Aug-2017)

51.3 m

Cash (31-Mar-2017)

14.6 m
LRAD's current market capitalization is $51.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

17.1 m24.6 m16.8 m16.4 m

Revenue growth, %

44%(32%)(3%)

Cost of goods sold

8.8 m10.8 m8.3 m8.7 m

Gross profit

8.2 m13.8 m8.5 m7.7 m

Gross profit Margin, %

48%56%51%47%

Operating expense total

7.3 m10.4 m7.3 m9.3 m

EBIT

965.5 k3.3 m1.2 m(1.6 m)

EBIT margin, %

6%14%7%(10%)

Income tax expense

1.9 k16.3 k(8.3 m)(186.2 k)

Net Income

1.3 m3.3 m9.7 m(1.3 m)
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Revenue

8 m4.4 m4.5 m3.5 m2.8 m3.6 m5 m2.9 m5.7 m

Cost of goods sold

3 m2 m2.2 m1.8 m1.5 m2 m2.6 m1.7 m2.8 m

Gross profit

5 m2.4 m2.3 m1.7 m1.3 m1.6 m2.4 m1.2 m2.9 m

Gross profit Margin, %

63%54%51%49%46%45%48%42%51%

R&D expense

622.3 k477.7 k569.4 k520 k561.2 k597.6 k632.4 k587.4 k605.2 k

General and administrative expense

2.5 m1.4 m1.5 m1.3 m1.5 m2.3 m1.6 m2 m1.9 m

Operating expense total

3.1 m1.9 m2 m1.8 m2 m2.9 m2.2 m2.6 m2.5 m

EBIT

1.9 m479.4 k261.2 k(105.1 k)(722.9 k)(1.2 m)239.8 k(1.3 m)435.6 k

EBIT margin, %

24%11%6%(3%)(26%)(35%)5%(45%)8%

Income tax expense

5521001.6 k(9.3 k)(309.6 k)(546.5 k)(6.6 k)(486.5 k)169.3 k

Net Income

1.9 m505.6 k290.5 k(63.9 k)(380.1 k)(664.7 k)276.9 k(812.7 k)298.4 k
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

15.8 m23.9 m18.3 m13.5 m

Accounts Receivable

2.1 m3.4 m

Inventories

4.8 m

Current Assets

26.4 m32.6 m27.2 m25.2 m

PP&E

237.4 k360.1 k472 k473.3 k

Total Assets

27.6 m33.8 m39.7 m36.8 m

Accounts Payable

1.6 m830.5 k703.9 k574.6 k

Current Liabilities

2.7 m4.9 m1.6 m2.1 m

Total Liabilities

2.2 m

Additional Paid-in Capital

87.4 m88 m87.6 m86.5 m

Retained Earnings

(62.7 m)(59.3 m)(49.7 m)(51.9 m)

Total Equity

24.8 m28.7 m37.9 m34.6 m

Financial Leverage

1.1 x1.2 x1 x1.1 x
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Cash

21.2 m20.1 m19.1 m17.8 m15.6 m15 m15.5 m15 m14.6 m

Accounts Receivable

2.5 m2.3 m2.7 m1.9 m2.5 m1.5 m3.2 m

Inventories

4.7 m4.4 m4.6 m5.1 m5.2 m5.2 m5.2 m5.1 m5.1 m

Current Assets

30.2 m28.1 m28.5 m28.1 m25.8 m25.9 m26.2 m25.2 m27.1 m

PP&E

336.6 k378.9 k413.9 k455.4 k487.9 k504.3 k506.7 k456.5 k471.7 k

Total Assets

31.4 m31.7 m32.4 m32.1 m37.8 m38.5 m38.4 m37 m38.3 m

Accounts Payable

652.3 k936.3 k1 m1.4 m477.9 k1.4 m1.5 m1.1 m1.3 m

Current Liabilities

3.7 m2.2 m2.5 m2.5 m1.9 m3.5 m3.4 m2.6 m3.5 m

Additional Paid-in Capital

87.6 m88.2 m88.4 m88 m86.1 m86.2 m86.3 m86.9 m87.1 m

Retained Earnings

(60.1 m)(58.8 m)(58.6 m)(58.6 m)(50.4 m)(51.3 m)(51.4 m)(52.7 m)(52.4 m)

Total Equity

27.6 m29.3 m29.8 m29.4 m35.8 m34.8 m34.9 m34.2 m34.7 m

Financial Leverage

1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.3 m3.3 m9.7 m(1.3 m)

Depreciation and Amortization

146.3 k210 k238.3 k167.7 k

Accounts Receivable

560 k678.3 k2.2 m(1.3 m)

Inventories

(1.3 m)655 k(1.1 m)2.3 k

Accounts Payable

600.7 k(765.9 k)(126.6 k)(129.4 k)

Cash From Operating Activities

1.8 m8.4 m135.8 k(1.1 m)

Capital Expenditures

(327 k)(344.3 k)(162.3 k)

Cash From Investing Activities

(150.5 k)(341.8 k)(4.7 m)(999.4 k)

Cash From Financing Activities

340.5 k28.5 k(1.1 m)(2.7 m)

Free Cash Flow

8.7 m480.1 k(1.3 m)
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Net Income

1.9 m505.6 k290.5 k(63.9 k)(380.1 k)(664.7 k)276.9 k(812.7 k)298.4 k

Accounts Receivable

2.5 m2.3 m2.7 m1.9 m2.5 m1.5 m3.2 m

Accounts Payable

652.3 k936.3 k1 m1.4 m477.9 k1.4 m1.5 m1.1 m1.3 m
USDY, 2017

Revenue/Employee

124.8 k

Financial Leverage

1.1 x

LRAD Market Value History

Traffic Overview of LRAD

LRAD Online and Social Media Presence

LRAD Company Life and Culture

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