OverviewSuggest Edit

LRAD Corporation develops and delivers directed acoustic products that beam, focus and control sound over relatively short and long distances. The Company's flagship product line is called the Long Range Acoustic Device. Its LRAD-X products use directionality and focused acoustic output to clearly transmit critical information, instructions and warnings 500 meters and beyond. The LRAD-X product line can be manually operated or integrated into a remotely controlled security network's command and control center. Its LRAD systems are being used worldwide 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.

TypePublic
Founded1980
HQSan Diego, US
Websitelradx.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Sep 2018)75(+50%)
Revenue (FY, 2018)$26.3 M(+30%)
Share Price (Jun 2019)$3.3

Key People/Management at LRAD

Richard S. Danforth

Richard S. Danforth

CEO
Dennis D. Klahn

Dennis D. Klahn

CFO
John G. Coburn

John G. Coburn

General (Ret.), Chairman
Laura M. Clague

Laura M. Clague

Director
Richard H. Osgood

Richard H. Osgood

Director
Scott L. Anchin

Scott L. Anchin

Director
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LRAD Office Locations

LRAD has an office in San Diego
San Diego, US (HQ)
16990 Goldentop Rd
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LRAD Financials and Metrics

LRAD Revenue

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LRAD's revenue was reported to be $26.31 m in FY, 2018
USD

Revenue (Q2, 2019)

10.2m

Gross profit (Q2, 2019)

5.2m

Gross profit margin (Q2, 2019), %

50.9%

Net income (Q2, 2019)

1.2m

EBIT (Q2, 2019)

1.4m

Market capitalization (10-Jun-2019)

106.2m

Closing stock price (10-Jun-2019)

3.3

Cash (31-Mar-2019)

7.7m

EV

98.7m
LRAD's current market capitalization is $106.2 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

17.1m24.6m16.8m16.4m20.3m26.3m

Revenue growth, %

44%(32%)(3%)

Cost of goods sold

8.8m10.8m8.3m8.7m10.0m13.6m

Gross profit

8.2m13.8m8.5m7.7m10.3m12.7m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018Q1, 2019Q2, 2019

Revenue

3.8m5.4m8.0m4.4m4.5m3.5m2.8m3.6m5.0m2.9m5.7m4.1m7.5m10.2m10.2m

Cost of goods sold

1.9m2.7m3.0m2.0m2.2m1.8m1.5m2.0m2.6m1.7m2.8m2.4m3.8m5.1m5.0m

Gross profit

1.9m2.7m5.0m2.4m2.3m1.7m1.3m1.6m2.4m1.2m2.9m1.7m3.7m5.1m5.2m

Gross profit Margin, %

51%51%63%54%51%49%46%45%48%42%51%41%49%50%51%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

15.8m23.9m18.3m13.5m12.8m11.1m

Accounts Receivable

2.1m3.4m5.7m2.8m

Inventories

4.6m3.9m4.9m4.8m5.3m6.7m

Current Assets

26.4m32.6m27.2m25.2m29.1m27.7m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

18.1m18.5m21.2m20.1m19.1m17.8m15.6m15.0m15.5m15.0m14.6m14.4m15.1m12.7m12.0m4.4m7.7m

Accounts Receivable

2.5m2.3m2.7m1.9m2.5m1.5m3.2m2.4m5.7m5.7m6.6m8.7m6.8m

Inventories

5.3m5.5m4.7m4.4m4.6m5.1m5.2m5.2m5.2m5.1m5.1m5.7m5.3m5.4m5.4m8.7m8.3m

Current Assets

25.8m27.4m30.2m28.1m28.5m28.1m25.8m25.9m26.2m25.2m27.1m26.7m30.2m29.2m28.9m27.0m27.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

1.3m3.3m9.7m(1.3m)(876.8k)(3.7m)

Depreciation and Amortization

146.3k210.0k238.3k167.7k153.3k483.1k

Inventories

(1.3m)655.0k(1.1m)2.3k(519.6k)(1.6m)

Accounts Payable

600.7k(765.9k)(126.6k)(129.4k)537.8k192.6k
USDY, 2019

EV/EBIT

68.8 x

EV/CFO

-111.7 x

EV/FCF

-83.4 x

Financial Leverage

1.2 x
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LRAD Online and Social Media Presence

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LRAD News and Updates

LRAD Corporation Receives Follow-On Canadian Army Orders

SAN DIEGO, CA – April 30, 2019 – LRAD Corporation (NASDAQ: LRAD), a global leader in long range voice broadcast systems and advanced mass notification solutions, today announced follow-on orders for LRAD 100X and LRAD 450XL systems and accessories from the Canadian Department of National Defence for…

LRAD® Corporation Announces $11.0 Million US Army Program of Record Order

Company Achieves Record Fiscal Year Bookings with Order Company Achieves Record Fiscal Year Bookings with Order

LRAD® Corporation Reports Fiscal Third Quarter 2018 Financial Results

Fiscal Third Quarter 2018 Financial Highlights:

LRAD® Corporation Schedules Fiscal Third Quarter 2018 Financial Results Conference Call for Tuesday, August 14, 2018 at 4:30 p.m. ET

SAN DIEGO, CA, July 31, 2018 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD), a global leader in long-range voice broadcast systems, advanced mass notification and distributed recipient solutions, today announced plans to release financial results for its fiscal third quarter ended June 30,…

Piercing sound can be excessive police force, federal court rules

The NYPD used a long-range acoustic device during a Black Lives Matter protest over the death of Eric Garner. A powerful speaker that’s capable of causing hearing damage and is used by a growing number of police around the world isn’t merely a “communication device” but, potentially, an instrument o…
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LRAD Frequently Asked Questions

  • When was LRAD founded?

    LRAD was founded in 1980.

  • Who are LRAD key executives?

    LRAD's key executives are Richard S. Danforth, Dennis D. Klahn and John G. Coburn.

  • How many employees does LRAD have?

    LRAD has 75 employees.

  • What is LRAD revenue?

    Latest LRAD annual revenue is $26.3 m.

  • What is LRAD revenue per employee?

    Latest LRAD revenue per employee is $350.8 k.

  • Who are LRAD competitors?

    Competitors of LRAD include Sparton, Camero and Raytheon.

  • Where is LRAD headquarters?

    LRAD headquarters is located at 16990 Goldentop Rd, San Diego.

  • Where are LRAD offices?

    LRAD has an office in San Diego.

  • How many offices does LRAD have?

    LRAD has 1 office.