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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