Replies to post #235877 on SwingTrade Member Forum (SWING)

[Rawnoc]

LRAD Corporation to Report $2.2 Million in Fiscal Q1 2011 Revenues and Over $7.0 Million of LRAD(R) Systems Order in Transit
Company on Track to Report Record First Half Fiscal 2011 Revenues

SAN DIEGO, CA--(Marketwire - 01/11/11) - LRAD Corporation (NASDAQ:LRAD - News), the global leader in acoustic hailing devices (AHDs), announced today that it expects to report fiscal Q1 2011 revenues of $2.2 million with an additional $7.2 million of LRAD® systems in transit (FOB destination) for the period ended December 31, 2010. The Company also announced that it is on track to report record first half fiscal year revenues with $12.8 million in back orders as of December 31, 2010, which includes the $7.2 million in transit, scheduled for delivery and receipt prior to March 31, 2011.

"As we have previously indicated, we're on pace to report record first half and full fiscal year revenues," remarked Tom Brown, president and CEO of LRAD Corporation. "In addition to the $2.2 million in revenues we expect to report for fiscal Q1 2011, we built $7.2 million of LRAD systems that are in transit to an international customer. This revenue will be recognized this quarter (fiscal Q2 2011)."

"We are scheduled to build and ship the balance of the $12.8 million in LRAD back orders along with other U.S. and international orders this quarter," Brown concluded. "In spite of the budget uncertainty for near-term domestic defense spending, we anticipate continued strong financial performance and major revenue growth this fiscal year."

About LRAD Corporation
LRAD Corporation's Long Range Acoustic Device® (LRAD®) directional sound systems are being used around the world in diverse applications including fixed and mobile military deployments, maritime security, critical infrastructure and perimeter security, commercial security, border and port security, law enforcement and emergency responder communications, and wildlife preservation and control. For more information about LRAD Corporation and its long-range directional sound systems, please visit the company's web site at www.lradx.com.