LRAD Corporation to Report $2.4 Million in Fiscal Q2 2012 Revenues
Company Anticipates Stronger Revenues in Fiscal Second Half
SAN DIEGO, CA, Apr 05, 2012 (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 fiscal Q2 2012 revenues of
approximately $2.4 million for the period ended March 31, 2012.
"We experienced a reduction in quarterly and fiscal first half revenues compared
to the prior year due to the continued uncertainty surrounding the U.S. defense
budget and a difficult global business environment," remarked Tom Brown,
president and CEO of LRAD Corporation. "While our selling cycles can be long and
uneven, we are adding to a growing pipeline of potential domestic and
international business, focusing in particular on significant AHD military
opportunities."
Brown concluded, "We are starting to see a pickup in demand for LRAD systems and
expect increasing fiscal second half revenues based on anticipated U.S. and
foreign military orders and continued penetration of our AHD systems into
worldwide Public Safety, Commercial Security and Wildlife & Asset Protection
markets."
About LRAD Corporation LRAD Corporation is using long range communication to
resolve uncertain situations peacefully and save lives on both sides of its
proprietary Long Range Acoustic Device(R). Thousands of LRAD(R) systems are 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. |
