LRAD Corporation to Report $2.3 Million in Fiscal Q3 2011 Revenues and Record
Revenues of $20.0 Million for First Nine Months of FY 2011
Company Positioned for Strong FY 2011 Finish
SAN DIEGO, CA, Jul 11, 2011 (MARKETWIRE via COMTEX) -- LRAD Corporation (LRAD),
the world's leading provider of acoustic hailing devices (AHDs), announced today
that it expects to report fiscal Q3 2011 revenues of $2.3 million and record
revenues of $20.0 million for the first nine months of the Company's fiscal year
2011. Due to its first time filing under the Securities & Exchange Commission's
new XBRL requirements, the Company plans to release fiscal Q3 2011 financial
results the week of August 8, 2011.
"In spite of ongoing U.S. government budget uncertainty and unsettled global
economic conditions, we've reached $20 million in revenues for the first time in
the Company's history," remarked Tom Brown, president and CEO of LRAD
Corporation. "We are starting to see domestic military business pick up and we're
receiving international orders from the multiple markets we've created for our
proprietary LRAD(R) long range communication systems."
"We continue to keep tight control of operating expenses while investing
prudently in new LRAD business opportunities," Brown concluded. "We anticipate a
strong finish for FY 2011 resulting in record fiscal year profits and our fifth
consecutive fiscal year of double digit LRAD sales growth."
About LRAD Corporation LRAD Corporation's Long Range Acoustic Device(R) (LRAD(R))
directional communication 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 the Company and its
LRAD systems, please visit lradx.com. |
