trending Market Intelligence /marketintelligence/en/news-insights/trending/0dqfAHhlfu7_zQxoHoY6aw2 content esgSubNav
In This List

LRAD Corp. swings to loss in fiscal Q1

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future


LRAD Corp. swings to loss in fiscal Q1

LRAD Corp. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to a loss of $431,040, compared with income of $316,020 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 15.3% from 7.2% in the year-earlier period.

Total revenue decreased 35.7% year over year to $2.8 million from $4.4 million, and total operating expenses declined 9.3% from the prior-year period to $3.5 million from $3.9 million.

Reported net income came to a loss of $324,620, or a loss of 1 cents per share, compared to income of $337,860, or 1 cents per share, in the prior-year period.