LRAD Corporation (LRAD) financial statements (2021 and earlier)

Company profile

Business Address 16262 WEST BERNARDO DRIVE
SAN DIEGO, CA 92127
State of Incorp. DE
Fiscal Year End September 30
SIC 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25282520212314
Cash and cash equivalents20232116171911
Short-term investments6443443
Restricted cash and investments0000000
Receivables3566647
Inventory, net of allowances, customer advances and progress billings7677666
Inventory7677666
Prepaid expense0000000
Other current assets0000000
Other undisclosed current assets0611110
Total current assets:36454034353429
Noncurrent Assets
Operating lease, right-of-use asset55566  
Property, plant and equipment2222222
Long-term investments and receivables2432111
Long-term investments2432111
Intangible assets, net (including goodwill)12333334
Goodwill9222222
Intangible assets, net (excluding goodwill)4111111
Restricted cash and investments1000000
Deferred income tax assets111155   
Other undisclosed noncurrent assets0000565
Total noncurrent assets:34261918181313
TOTAL ASSETS:71715952534742
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities914127894
Accounts payable2132111
Accrued liabilities81395684
Debt0   1  
Other undisclosed current liabilities1111000
Total current liabilities:1116138995
Noncurrent Liabilities
Long-term debt and lease obligation66777  
Operating lease, liability66777  
Liabilities, other than long-term debt1000023
Other liabilities1000023
Other undisclosed noncurrent liabilities0000000
Total noncurrent liabilities:7777723
Total liabilities:1822201616127
Stockholders' equity
Stockholders' equity attributable to parent53493937363535
Common stock  00000
Additional paid in capital95919190909089
Accumulated other comprehensive income (loss)0(0)(0)(0)(0)(0)(0)
Accumulated deficit(42)(42)(51)(53)(53)(54)(54)
Total stockholders' equity:53493937363535
TOTAL LIABILITIES AND EQUITY:71715952534742

Income statement (P&L) ($ in millions)

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
Revenues814128989
Cost of revenue(4)(6)(5)(4)(4)(4)(4)
Gross profit:4864545
Operating expenses(4)(4)(5)(4)(4)(4)(4)
Operating income (loss):(1)3201(0)1
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0(0)00000
Interest and debt expense    (0)  
Income (loss) from continuing operations before equity method investments, income taxes:(1)3201(0)1
Other undisclosed income from continuing operations before income taxes    0  
Income (loss) from continuing operations before income taxes:(1)3201(0)1
Income tax expense (benefit)06(0)(0)(0)0(0)
Net income (loss) available to common stockholders, diluted:(1)9201(0)1

Comprehensive Income ($ in millions)

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
Net income (loss):(1)9201(0)1
Other undisclosed comprehensive income (loss) 0   (0) 
Comprehensive income (loss):(1)10201(0)1
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)0(0)000
Comprehensive income (loss), net of tax, attributable to parent:(0)10201(0)1

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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