İstanbul escort bayan sivas escort samsun escort bayan sakarya escort Muğla escort Mersin escort Escort malatya Escort konya Kocaeli Escort Kayseri Escort izmir escort bayan hatay bayan escort antep Escort bayan eskişehir escort bayan erzurum escort bayan elazığ escort diyarbakır escort escort bayan Çanakkale Bursa Escort bayan Balıkesir escort aydın Escort Antalya Escort ankara bayan escort Adana Escort bayan

58.9 F
San Diego
Thursday, May 30, 2024
-Advertisement-

LRAD Corp. Reports Net Income of $9.6 Million for Fiscal 2015

LRAD Corp., maker of devices that can send a highly concentrated beam of sound in a single direction, released its annual financial results on Dec. 3.

The Rancho Bernardo business reported net income of $9.6 million on total revenues of $16.8 million in fiscal 2015, which ended Sept. 30. Giving the net income an extra boost was an $8.3 million income tax benefit.

In fiscal 2014, LRAD (Nasdaq: LRAD) reported net income of $3.3 million on total revenues of $24.6 million. The company had an income tax expense of about $16,000 that year.

LRAD sells to militaries and public safety agencies, and also makes mass-notification devices able to send sound in all directions.

Also on Dec. 3, the business announced a penny per share dividend and announced it was buying back $4 million worth of stock.

The company had a market capitalization of $51 million as of Nov. 25.

Tom Brown is CEO.

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-