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LRAD - LRAD Corporation

LRAD Corporation logo LRAD Corporation is a technology company that designs, manufactures, and markets directed sound products and systems. The company's primary product is the Long Range Acoustic Device (LRAD), a directed sound system that provides long-range communication and warning capabilities.

LRAD's products are used by law enforcement, military, and government agencies for communication, crowd control, and emergency warning purposes. The company's systems also find application in maritime security and wildlife preservation.

Founded in 1996 and based in San Diego, California, LRAD Corporation is publicly traded on the NASDAQ stock exchange under the ticker symbol LRAD. The company has a market capitalization of approximately $57 million as of March 2023.

In recent years, LRAD has reported declining revenues and profitability. In 2020, the company's revenue was $17.1 million, down from $28.3 million in 2016. The company reported a net loss of $5.1 million in 2020, compared to a net income of $1.2 million in 2016.

LRAD Corporation faces competition from other companies in the directed sound market, including American Technology Corporation and Holosonic Research Labs. The company also faces regulatory challenges, as some critics have raised concerns over the potential health risks associated with high-intensity directed sound.

In order to address its declining revenues, LRAD has sought to expand its product portfolio and increase its marketing efforts. The company has introduced new products, such as the LRAD 1000Xi and the LRAD 450XL, and has emphasized the versatility and portability of its systems. LRAD has also sought to increase its global presence, with a particular focus on the Asia-Pacific region.

As of March 2023, LRAD's stock price has been relatively stable, with a 52-week high of $3.86 and a low of $1.51. However, the company's financial performance and competitive landscape will likely continue to be key factors affecting its stock price in the coming months

 



 

 

 
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