LRAD Completes $2.4M QuarterFriday, April 6, 2012
LRAD Corp., a San Diego maker of sound devices mainly used for security purposes, said April 5 that it expects to report fiscal second quarter revenue of $2.4 million for the period ended March 31.
Tom Brown, chief executive of the company whose acronym stands for long range acoustic device, said the business had a reduction in expected revenue for the quarter and first half of the year “due to the continued uncertainty surrounding the U.S. defense budget and difficult global business environment.”
Brown added that the company is starting to see a pickup in demand for its systems and expects increased revenue in the second half, “based on anticipated U.S. and foreign military orders and continued penetration of our AHD systems into worldwide public safety, commercial security and wildlife and asset protection markets.”
— Mike Allen