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)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21231517162024
Cash and cash equivalents17191113131824
Short-term investments444431 
Restricted cash and investments000    
Receivables6436324
Inventory, net of allowances, customer advances and progress billings6675554
Inventory6675554
Prepaid expense000    
Other current assets000    
Other undisclosed current assets1131111
Total current assets:35342829252733
Noncurrent Assets
Operating lease, right-of-use asset6 
Property, plant and equipment2221000
Long-term investments and receivables111123 
Long-term investments111123 
Intangible assets, net (including goodwill)3340000
Goodwill222    
Intangible assets, net (excluding goodwill)1120000
Restricted cash and investments000    
Deferred tax assets, net6898 
Other undisclosed noncurrent assets5600011
Total noncurrent assets:1813141012121
TOTAL ASSETS:53474239374034
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8964228
Accounts payable1131111
Accrued liabilities6833214
Employee-related liabilities     03
Debt1 0    
Deferred revenue and credits  01
Other undisclosed current liabilities00   (0)(4)
Total current liabilities:9974225
Noncurrent Liabilities
Long-term debt and lease obligation7      
Operating lease, liability7 
Liabilities, other than long-term debt022 000
Deferred revenue and credits  00
Accounts payable and accrued liabilities     00
Other liabilities022 000
Other undisclosed noncurrent liabilities000  (0)(0)
Total noncurrent liabilities:722 000
Total liabilities:161284225
Stockholders' equity
Stockholders' equity attributable to parent36353335353829
Common stock0000000
Additional paid in capital90909088868888
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0) 
Accumulated deficit(53)(54)(57)(53)(52)(50)(59)
Total stockholders' equity:36353335353829
TOTAL LIABILITIES AND EQUITY:53474239374034

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues36372620161725
Revenue, net20161725
Cost of revenue(18)(19)(14)(10)(9)(8)(11)
Gross profit:181813108914
Operating expenses(15)(15)(14)(11)(9)(7)(10)
Operating income (loss):33(1)(1)(2)13
Nonoperating income
(Other Nonoperating income)
0000000
Interest and debt expense(0) (0)    
Income (loss) from continuing operations before equity method investments, income taxes:33(1)(1)(1)13
Other undisclosed income from continuing operations before income taxes0 0    
Income (loss) from continuing operations before income taxes:33(1)(1)(1)13
Income tax expense (benefit)(0)(1)(2)(0)08(0)
Net income (loss) available to common stockholders, diluted:23(4)(1)(1)103

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss):23(4)(1)(1)103
Other comprehensive income (loss) (0)(0)0(0)(0) 
Other undisclosed comprehensive loss(0)      
Comprehensive income (loss):23(4)(1)(1)103
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income (loss), net of tax, attributable to parent:23(4)(1)(1)103

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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