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LRAD: Fiscal 1Q Earnings Snapshot

LRAD: Fiscal 1Q Earnings Snapshot

Associated Press

SAN DIEGO (AP) _ LRAD Corp. (LRAD) on Tuesday reported fiscal first-quarter net income of $1 million, after reporting a loss in the same period a year earlier.

The San Diego-based company said it had profit of 3 cents per share.

The developer of directed sound technologies used by the military and police posted revenue of $10.2 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $2.35. A year ago, they were trading at $2.13.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LRAD at https://www.zacks.com/ap/LRAD