World’s leading provider of acoustic hailing devices and advanced mass notification systems, LRAD, Corp. (NASDAQ:LRAD), releases the latest addition to its award-winning AHD product line.
SAN DIEGO, CA / ACCESSWIRE / November 10, 2016 / LRAD Corporation (LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced the release of the LRAD 950RXL, the Company’s latest addition to its award winning AHD product line.
With a highly intelligible voice communication range up to 3,000 meters, the rugged LRAD 950RXL is a surveillance, security and first response system built for integrated applications including maritime vessels, borders, ports, oil & gas platforms, refineries, utility facilities, and other critical infrastructure.
“The LRAD 950RXL is our commercial version of the remotely operated system we build for the U.S. Navy,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “With its ability to immediately interact with potential threats at a distance, the LRAD 950RXL provides security personnel the additional time and information necessary to accurately assess situations and scale their response appropriately.”
Featuring an integrated HD camera, a high-intensity, 12 million candlepower searchlight (optional) and a robust, IP-addressable full pan and tilt drive for precise aiming and tracking, the LRAD 950RXL can also be integrated with radar to provide automated intruder alerts. The included LRAD Controller software monitors and provides detailed 950RXL health diagnostics. It also enables command and control of all LRAD 950RXL functions including camera zoom controls, full system movement, and remotely broadcasted warning tones and live or prerecorded voice messages.
The LRAD 950RXL reduces manpower and false alarms, safely resolves uncertain situations, and provides a highly effective and cost efficient remote first responder security solution. For more information, please click on LRAD 950RXL.
About LRAD Corporation
Using advanced technology and superior voice intelligibility, LRAD Corporation’s proprietary Long Range Acoustic Devices® and revolutionary ONE VOICE® mass notification systems safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, resolve uncertain situations, and save lives. LRAD systems are in service in more than 70 countries around the world in diverse applications including mass notification and public address, fixed and mobile defense deployments, homeland, border, critical infrastructure, maritime, oil & gas, and port security, public safety, law enforcement and emergency responder communications, asset protection, and wildlife control and preservation. For more information, please visit www.lradx.com.
Forward Looking Statements
Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements. These risks and uncertainties are identified and discussed in our filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management’s expectations as of the date hereof. Future results may differ materially from our current expectations. For more information regarding other potential risks and uncertainties, see the “Risk Factors” section of the Company’s Form 10-K for the fiscal year ended September 30, 2015. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
LRAD, Corp. (NASDAQ:LRAD) shares are trading +6.40% on the news and in the range of $1.72 – 1.84 during the current trading session. When taking a look at which direction the stock might be headed, investors often look to brokerage analysts who cover the stock. Sell-side research firms on Wall Street currently have a consensus one-year price target of $3.00 on the stock. This is according to brokerage analysts polled by Thomson Reuters First Call.
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Sell-side analysts are projecting earnings per share of $0.00 for the next fiscal quarter. For the current year, analysts are predicting earnings of $0.14 per share according to First Call.
In looking at where the stock is trading on a technical level, the stock is trading +6.00% away from its 50-day moving average of $1.73. Based on the most recent available data, the equity is -15.94% off of its 52-week high of $2.18 and +33.58% away from its 52-week low which is $1.37.
In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at 7.20. Today, the stock opened at $1.72 and the last bid at the time of writing stood at $1.83. During the session thus far, the equity dipped down to $1.72 and touched $1.84 as the high point. LRAD, Corp. (NASDAQ:LRAD) has a market cap of $58.19M and has seen an average daily volume of 40,955 over the past three months.
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Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.