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LRAD Corporation Message Board

jirgs 2 posts  |  Last Activity: Jul 4, 2016 7:26 PM Member since: Apr 25, 2001
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  • Reply to

    Third Quarter Results

    by jirgs Jul 1, 2016 7:45 PM
    jirgs jirgs Jul 4, 2016 7:26 PM Flag

    I went back to check my numbers and I'm only seeing a possibility of about $3 to $4 million in business that was announced since the Navy deal was announced at the end of March. I'm assuming that all the business that had been announced prior to that deal has already shipped, including as noted the first shipment against that $7.4 million Navy deal. There was a public notification order for 1.1 million which I split over the second third and fourth quarter of this year.
    I don't see how they can be much more than $2.4 to $3 million in revenues for the third quarter unless they are shipping large orders that weren't announced.
    It may be a dumb post but that's only because there's nothing else to talk about, even after Iroquois planned and executed Tom's removal, and there's been four months to find a replacement. I think I summarized the third quarter pretty well, unless you can recall another project, which will be shipping, that escapes me.

  • Revenues $2.4 Million
    Loss $1.5 Million
    Dividend $0.01/share

    Announcements/Accomplishments
    - Still interviewing for Tom Brown's replacement
    - Tom hanging around as consultant
    - Iroquois suing again for no apparent reason

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