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LRAD Corp (LRAD) Files 10-K for the Fiscal Year Ended on September 30, 2018

- By insider

LRAD Corp (LRAD) files its latest 10-K with SEC for the fiscal year ended on September 30, 2018. LRAD Corp develops and delivers directed acoustic products that beam, focus and control sound over relatively short and long distances. LRAD Corp has a market cap of $74.440 million; its shares were traded at around $2.26 with and P/S ratio of 2.40.


For the last quarter LRAD Corp reported a revenue of $3.30 million, compared with the revenue of $7.50 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $26.3 million, an increase of 29.5% from last year. For the last five years LRAD Corp had an average revenue growth rate of 4.6% a year.

The reported loss per diluted share was 12 cents for the year, compared with the loss per share of $0.29 in the previous year. The LRAD Corp had an operating margin of -5.61%, compared with the operating margin of -3.98% a year before. The 10-year historical median operating margin of LRAD Corp is 6.46%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, LRAD Corp has the cash and cash equivalents of $11.1 million, compared with $12.8 million in the previous year. The long term debt was $0.05 million. The interest coverage to the debt is 3.5. LRAD Corp has a financial strength rank of 8 (out of 10).

At the current stock price of $2.26, LRAD Corp is traded at 23.9% discount to its historical median P/S valuation band of $2.97. The P/S ratio of the stock is 2.40, while the historical median P/S ratio is 3.16. The stock gained 0.41% during the past 12 months.

For the complete 20-year historical financial data of LRAD, click here.

This article first appeared on GuruFocus.