LRAD Corporation (LRAD) Announces Earnings Results
LRAD Corporation (NASDAQ:LRAD) issued its earnings results on Wednesday. The scientific and technical instruments company reported ($0.02) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. LRAD Corporation had a negative return on equity of 2.17% and a negative net margin of 4.04%. The business had revenue of $4.13 million during the quarter.
Shares of LRAD Corporation (LRAD) traded down 1.32% during trading on Friday, reaching $1.50. 68,024 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $1.67 and a 200-day moving average price of $1.62. LRAD Corporation has a 52-week low of $1.30 and a 52-week high of $2.00. The company’s market capitalization is $47.70 million.
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About LRAD Corporation
LRAD Corporation is engaged in the design, development and commercialization of directed sound technologies and products. The Company develops and delivers directed acoustic products that beam, focus and control sound over relatively short and long distances. Its long range acoustic device (LRAD) offers directional long-range acoustic hailing devices (AHDs).
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