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LRAD: Fiscal 4Q Earnings Snapshot

LRAD: Fiscal 4Q Earnings Snapshot

Associated Press

SAN DIEGO (AP) _ LRAD Corp. (LRAD) on Thursday reported a fiscal fourth-quarter loss of $2.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Diego-based company said it had a loss of 7 cents.

The developer of directed sound technologies used by the military and police posted revenue of $3.3 million in the period.

For the year, the company reported that its loss widened to $3.7 million, or 12 cents per share. Revenue was reported as $26.3 million.

In the final minutes of trading on Thursday, the company's shares hit $2.28. A year ago, they were trading at $2.37.

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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