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.

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.

LRAD was founded in 1980 and is headquartered in San Diego, US

LRAD has an office in San Diego

San Diego, US (HQ)

a 16990 Goldentop Rd

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.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 17.1 m | 24.6 m | 16.8 m | 16.4 m |

## Revenue growth, % | 44% | (32%) | (3%) | |

## Cost of goods sold | 8.8 m | 10.8 m | 8.3 m | 8.7 m |

## Gross profit | 8.2 m | 13.8 m | 8.5 m | 7.7 m |

## Gross profit Margin, % | 48% | 56% | 51% | 47% |

## Operating expense total | 7.3 m | 10.4 m | 7.3 m | 9.3 m |

## EBIT | 965.5 k | 3.3 m | 1.2 m | (1.6 m) |

## EBIT margin, % | 6% | 14% | 7% | (10%) |

## Income tax expense | 1.9 k | 16.3 k | (8.3 m) | (186.2 k) |

## Net Income | 1.3 m | 3.3 m | 9.7 m | (1.3 m) |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 8 m | 4.4 m | 4.5 m | 3.5 m | 2.8 m | 3.6 m | 5 m | 2.9 m | 5.7 m |

## Cost of goods sold | 3 m | 2 m | 2.2 m | 1.8 m | 1.5 m | 2 m | 2.6 m | 1.7 m | 2.8 m |

## Gross profit | 5 m | 2.4 m | 2.3 m | 1.7 m | 1.3 m | 1.6 m | 2.4 m | 1.2 m | 2.9 m |

## Gross profit Margin, % | 63% | 54% | 51% | 49% | 46% | 45% | 48% | 42% | 51% |

## R&D expense | 622.3 k | 477.7 k | 569.4 k | 520 k | 561.2 k | 597.6 k | 632.4 k | 587.4 k | 605.2 k |

## General and administrative expense | 2.5 m | 1.4 m | 1.5 m | 1.3 m | 1.5 m | 2.3 m | 1.6 m | 2 m | 1.9 m |

## Operating expense total | 3.1 m | 1.9 m | 2 m | 1.8 m | 2 m | 2.9 m | 2.2 m | 2.6 m | 2.5 m |

## EBIT | 1.9 m | 479.4 k | 261.2 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 | 552 | 100 | 1.6 k | (9.3 k) | (309.6 k) | (546.5 k) | (6.6 k) | (486.5 k) | 169.3 k |

## Net Income | 1.9 m | 505.6 k | 290.5 k | (63.9 k) | (380.1 k) | (664.7 k) | 276.9 k | (812.7 k) | 298.4 k |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 15.8 m | 23.9 m | 18.3 m | 13.5 m |

## Accounts Receivable | 2.1 m | 3.4 m | ||

## Inventories | 4.8 m | |||

## Current Assets | 26.4 m | 32.6 m | 27.2 m | 25.2 m |

## PP&E | 237.4 k | 360.1 k | 472 k | 473.3 k |

## Total Assets | 27.6 m | 33.8 m | 39.7 m | 36.8 m |

## Accounts Payable | 1.6 m | 830.5 k | 703.9 k | 574.6 k |

## Current Liabilities | 2.7 m | 4.9 m | 1.6 m | 2.1 m |

## Total Liabilities | 2.2 m | |||

## Additional Paid-in Capital | 87.4 m | 88 m | 87.6 m | 86.5 m |

## Retained Earnings | (62.7 m) | (59.3 m) | (49.7 m) | (51.9 m) |

## Total Equity | 24.8 m | 28.7 m | 37.9 m | 34.6 m |

## Financial Leverage | 1.1 x | 1.2 x | 1 x | 1.1 x |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 21.2 m | 20.1 m | 19.1 m | 17.8 m | 15.6 m | 15 m | 15.5 m | 15 m | 14.6 m |

## Accounts Receivable | 2.5 m | 2.3 m | 2.7 m | 1.9 m | 2.5 m | 1.5 m | 3.2 m | ||

## Inventories | 4.7 m | 4.4 m | 4.6 m | 5.1 m | 5.2 m | 5.2 m | 5.2 m | 5.1 m | 5.1 m |

## Current Assets | 30.2 m | 28.1 m | 28.5 m | 28.1 m | 25.8 m | 25.9 m | 26.2 m | 25.2 m | 27.1 m |

## PP&E | 336.6 k | 378.9 k | 413.9 k | 455.4 k | 487.9 k | 504.3 k | 506.7 k | 456.5 k | 471.7 k |

## Total Assets | 31.4 m | 31.7 m | 32.4 m | 32.1 m | 37.8 m | 38.5 m | 38.4 m | 37 m | 38.3 m |

## Accounts Payable | 652.3 k | 936.3 k | 1 m | 1.4 m | 477.9 k | 1.4 m | 1.5 m | 1.1 m | 1.3 m |

## Current Liabilities | 3.7 m | 2.2 m | 2.5 m | 2.5 m | 1.9 m | 3.5 m | 3.4 m | 2.6 m | 3.5 m |

## Additional Paid-in Capital | 87.6 m | 88.2 m | 88.4 m | 88 m | 86.1 m | 86.2 m | 86.3 m | 86.9 m | 87.1 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 m | 29.3 m | 29.8 m | 29.4 m | 35.8 m | 34.8 m | 34.9 m | 34.2 m | 34.7 m |

## Financial Leverage | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 1.3 m | 3.3 m | 9.7 m | (1.3 m) |

## Depreciation and Amortization | 146.3 k | 210 k | 238.3 k | 167.7 k |

## Accounts Receivable | 560 k | 678.3 k | 2.2 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 m | 8.4 m | 135.8 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 k | 28.5 k | (1.1 m) | (2.7 m) |

## Free Cash Flow | 8.7 m | 480.1 k | (1.3 m) |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 1.9 m | 505.6 k | 290.5 k | (63.9 k) | (380.1 k) | (664.7 k) | 276.9 k | (812.7 k) | 298.4 k |

## Accounts Receivable | 2.5 m | 2.3 m | 2.7 m | 1.9 m | 2.5 m | 1.5 m | 3.2 m | ||

## Accounts Payable | 652.3 k | 936.3 k | 1 m | 1.4 m | 477.9 k | 1.4 m | 1.5 m | 1.1 m | 1.3 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 124.8 k |

## Financial Leverage | 1.1 x |