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LRAD Corporation Introduces the LRAD® 360 Mobile Mass Notification System

LRAD announced the launch and first sale of its newly designed mobile mass notification platform. The Mobile Mass Notification System is an integrated, self-contained, ruggedized trailer that uses a telescoping/folding mast to deploy an LRAD 360 to reach a maximum height of 30 feet, which provides highly intelligible voice communications for emergency warning and mass notification with area coverage up to 5.3 kilometers. This system was developed to provide emergency warnings and communications for a number of applications including natural disasters, such as tornados, hurricanes and flooding, and for public announcements at large outdoor events, which is where this first unit has been deployed.


LRAD Corporation Reengineers the SoundSaber® Family of Mass Notification Speakers

We have reengineered and reintroduced the SoundSaber family of mass notification speakers. Engineered to provide unsurpassed voice intelligibility, LRAD Corporation’s SoundSaber 400 mass notification loudspeakers build on LRAD’s unmatched voice clarity and intelligibility. The unique acoustic dispersion pattern provides even acoustic coverage in outdoor environments focusing clear acoustic broadcasts exactly where needed. The SoundSaber 400 loudspeakers are housed in an all-weather enclosure and are designed for permanent outdoor installation.

LRAD Corporation Receives $4.0 Million Perimeter/Border Security Order for LRAD 2000X Systems from a Middle Eastern Country

LRAD announced the receipt of a $4.0 million perimeter/border security order for LRAD 2000X systems, spare parts and accessories from a country in the Middle East. Shipments are scheduled to be completed by June 30, 2014.

LRAD 500X Used to Broadcast Information for Tsunami Awareness Event
- KUSI News, San Diego, CA

LRAD was used in a Tsunami awareness event held at La Jolla Shores in San Diego to broadcast emergency announcements and instructions. City emergency preparedness staff and a representative from the California Geological Survey detailed the several areas in San Diego that were at risk should a tsunami hit San Diego.

San Diego County's Emergency Services mailed 33,000 brochures with tsunami warnings to local homes and businesses. The announcement of the mailing took place at La Jolla Shores and included a demonstration of a LRAD 500X long-range acoustical device which would be used should there be a near-source earthquake-triggered tsunami which would require immediate evacuation.


LRAD Corporation Receives $577,500 Follow-On Order from the Middle East

LRAD Corporation announced the receipt of a follow-on order for LRAD 500X systems and accessories totaling $577,500 for a customer in the Middle East. These units will be mounted on vehicles and used for military and police applications. The order is scheduled to ship by June 30, 2014.

Salisbury Police Utilizing New LRAD System - WBOC News, Demarva, DE

The Salisbury Police Department is utilizing a new LRAD system for crowd control, to broadcast messages and notify the public of weather emergencies.


LRAD Corporation Receives $763,000 Follow-On Order for Wildlife Preservation and Control

LRAD received a $763,000 follow-on order for LRAD devices and accessories to be used for bird mitigation and wildlife preservation and control for an international mining concern. The order is expected to be shipped by June 30, 2014.

“LRAD systems have proven highly effective in keeping birds and other wildlife away from hazardous areas,” commented LRAD President and CEO Tom Brown. “Whether manually operated, integrated into remotely controlled command and control centers or enhanced with avian radar for automated incursion response, LRAD safely and humanely preserves wildlife and protects critical assets.”

Vultures Safely Deterred from Roosting in Petro-Chemical Plant

Before implementing the use of an LRAD 1000Xi into the wildlife control program, dozens and sometimes over 100 Vultures roosted on the plant structures overnight causing a sanitation problem.

After two weeks of consistently using the LRAD 1000Xi to disperse the Vultures every evening, the Vultures are no longer a problem at the plant.

The LRAD 1000Xi must be used periodically to train newly arriving birds that the Petro-Chemical plant is not a friendly environment for overnight roosting.


LRAD Corporation Reported Fiscal First Quarter 2014 Financial Results

LRAD reported financial results for the fiscal first quarter ended December 31, 2013.

Fiscal First Quarter 2014 Financial Highlights Revenue: Fiscal first quarter 2014 revenue grew by $843,000 or 28% to $3.8 million, compared to $3.0 million of revenue generated in the fiscal first quarter of 2013.

  • Revenue grew 28% despite the delay of a $1.3 million order from a national police force in Southeast Asia, due to a component supply issue. The delayed order is now scheduled to ship during the fiscal second quarter. Net Income: Net Income of $132,000, or $0.00 per share, increased by $232,000 from a loss of $100,000, or $0.00 per share, reported during the fiscal first quarter of 2013.

  • Operating expenses increased by $224,000 or 14%, primarily due to an increase in the business development team to allow for expanded selling efforts, particularly in the mass notification market. Balance Sheet: Cash totaled $18.1 million at December 31, 2013, an increase of $2.3 million from the $15.8 million reported at September 30, 2013. Working Capital increased to $24.0 million from $23.7 million over the same period.

  • LRAD Corporation Extends Share Buyback Program Through December 31, 2014

    LRAD announced that its Board of Directors has approved an extension of the Company’s share buyback program through December 31, 2014. Under the terms of the program, the Company may repurchase its outstanding common shares from time to time in the open market and in privately negotiated transactions, depending on market conditions, share price and other factors. The Company plans to fund the buyback program with available cash and from cash flows from operations.

    LRAD presented at the 26th Annual ROTH Conference in Laguna Niguel, California on March 10

    Tom Brown, President and CEO of LRAD Corporation, Kathy McDermott, LRAD Corporation’s Chief Financial Officer, and Brian Harvey, Director, Investor Relations and Capital Markets for the Company, presented at the 26th Annual ROTH Conference on Monday, March 10, 2014 at 8:30 a.m. (PT), at the Ritz-Carlton in Dana Point, CA.

    The presentation focused on market opportunities for the Company's growing AHD market, the Company’s entry into the mass notification market, financial results and business prospects. Management also held one-on-one meetings with analysts and institutional investors at the conference on March 10th.


    LRAD Show News

    LRAD exhibited at the 2014 SHOT Show in January. The SHOT Show is the largest and most comprehensive trade show for all professionals involved with the shooting sports, hunting and law enforcement industries. With such a wide audience and attracting buyers from all 50 states and more than 100 countries, this show offers opportunities to meet with buyers for new industries for LRAD. As a result of one of the meetings from the show, LRAD has been introduced into testing programs for use of LRAD systems in correctional facilities on both the West and East Coast. LRAD systems will be fixed mounted and utilized for yard communications as well as LRAD systems for portable communications for the Emergency Response Units. In addition, shooting clubs have taken interest in LRAD as an effective way to communicate across range lines during active fire.

    LRAD 1000Xi and LRAD RX on Display at the 2014 Gastech Show in Korea

    LRAD RX and LRAD 360Xm on Display at the 2014 Singapore Air Show

    Britney Spears Music in Conjunction with LRAD AHDs Prevents Pirate Attacks in Somalia

    According to the British magazine, Daily Mirror, Britney Spears music played over LRAD speakers was used by merchant marine and naval vessels, rather than resorting to firing weapons, to deter pirate attacks off the coast of Africa.

    Featured this Quarter:

    Investor News:

    Stock Information
    (as of March 31, 2014)
    Trading Symbol LRAD
    Exchange NASDAQ
    Price $2.10
    52-week Range $0.86 to $2.24
    Shares Outstanding (mm) 33.1
    Market Capitalization (mm) $69.6
    Balance Sheet Highlights
    (as of 12/31/13)
    Cash (mm) $18.1
    Debt (mm) $0.0
    Working Capital (mm) $24.0
    Income Statement Highlights
    FY13 Revenue (mm) $17.1
    Net Income (mm) $1.3
    EPS (basic) $0.04

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    LRAD®, Long Range Acoustic Device®, LRAD-X®, LRAD-RX® and SoundSaber® are trademarks of LRAD Corporation
    16990 Goldentop Road, Suite A, San Diego, CA 92127
    Tel: 858-676-1112 | Fax: 858-676-1120
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