Seeking Alpha

LRAD jumps on $2M order

  • LRAD Corp. (LRAD) receives $1.9M international public safety order for 1000X and 500X systems and accessories. (press release)
  • Shares +3.6%.
  • LRAD's long-range acoustic device "is an acoustic hailing device and sonic weapon to send messages, warnings, and harmful, pain inducing tones over longer distances than normal loudspeakers. LRAD systems have been used to counter piracy, as non-lethal crowd control weapons, and as communication devices." (Wikipedia)
  • On SA: Last week, Pro contributor Devon Shire said a recently successful activist campaign and a bevy of new business have yet to be priced in.
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