LRAD Corporation to Report Record Quarterly Revenues of $15.4 Millionfor Fiscal Q2 2011
Apr 6, 2011 08:30:36 (ET)
SAN DIEGO, CA, Apr 06, 2011 (MARKETWIRE via COMTEX) -- LRAD Corporation (LRAD, Trade ), the worldwide leader in acoustic hailing devices (AHDs), announced today that it expects to report record quarterly revenues of over $15.4 million for the quarter ended March 31, 2011 (fiscal Q2 2011) and record first half fiscal year profits. The Company also anticipates reporting record first half fiscal year revenues of over $17.6 million, surpassing the Company's total fiscal year 2010 revenues.
"We're pleased with our strong first half and the progress we're making in growing LRAD sales around the world," commented Tom Brown, president and CEO of LRAD Corporation. "The majority of the record fiscal Q2 revenues were derived from the delivery of a large LRAD order to a military branch of a foreign government."
Brown added, "While the U.S. budget uncertainty continues to affect near-term domestic defense spending, we anticipate a strong second half and significant revenue growth this fiscal year."
The Company plans to release fiscal Q2 2011 financial results on May 4, 2011.
About LRAD Corporation LRAD Corporation's Long Range Acoustic Device(R) (LRAD(R)) 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. For more information about LRAD Corporation and its long-range directional sound systems, please visit the company's web site at www.lradx.com . |
