Lrad Corporation (NASDAQ:LRAD)

SAN DIEGO, CA--(Marketwire - April 6, 2011) - LRAD Corporation announced today that it expects to report record quarterly revenues of over $15.4 million for the quarter ended March 31, 2011 (fiscal Q2 2011) and record first half fiscal year profits. The Company also anticipates reporting record first half fiscal year revenues of over $17.6 million, surpassing the Company's total fiscal year 2010 revenues.

"We're pleased with our strong first half and the progress we're making in growing LRAD sales around the world," commented Tom Brown, president and CEO of LRAD Corporation. "The majority of the record fiscal Q2 revenues were derived from the delivery of a large LRAD order to a military branch of a foreign government."

Brown added, "While the U.S. budget uncertainty continues to affect near-term domestic defense spending, we anticipate a strong second half and significant revenue growth this fiscal year."

The Company plans to release fiscal Q2 2011 financial results on May 4, 2011.