LRAD Corporation to Report Record Revenues of $26 Million and Record Profits for
Fiscal Year Ended September 30, 2011
Company Produces Over 50% Fiscal YOY Revenue Growth and Fourth Consecutive Fiscal
Year of Record Revenues
SAN DIEGO, CA, Oct 06, 2011 (MARKETWIRE via COMTEX) -- LRAD Corporation (LRAD),
the world's leading provider of long range acoustic hailing devices (AHDs),
announced today that it expects to report strong fiscal Q4 revenues that will
boost record fiscal year revenues over $26 million. The Company also expects to
report record fiscal year profits for its year ended September 30, 2011.
"Through finding new AHD applications, broadening our worldwide markets and
strengthening our LRAD(R) systems line up, we produced record fiscal year
revenues and profits in the face of stiff economic headwinds," stated Tom Brown,
president and CEO of LRAD Corporation. "We're pleased to have achieved record
revenues despite a 40% reduction in our year over year U.S. military business due
to ongoing Federal budget uncertainty."
"While government and defense funding issues remain a concern, there is expanding
domestic and international demand for LRAD long range communication systems in
the military, public safety, commercial security, and wildlife & asset protection
markets," Brown concluded. "In fiscal 2012, we're working to build upon five
consecutive fiscal years of double digit LRAD systems sales growth by continuing
to increase and diversify our Long Range Acoustic Device(R) applications,
markets, customers and revenues."
About LRAD Corporation LRAD Corporation has thousands of Long Range Acoustic
Device(R) (LRAD(R)) communication systems in service 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, asset
protection and wildlife preservation and control. For more information about the
Company and its LRAD systems, please visit lradx.com. |
