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
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25282315171620
Cash and cash equivalents20231911131318
Short-term investments6444431
Restricted cash and investments0000   
Receivables3543632
Inventory, net of allowances, customer advances and progress billings7667555
Inventory7667555
Prepaid expense0000   
Other current assets0000   
Other undisclosed current assets0613111
Total current assets:36453428292527
Noncurrent Assets
Operating lease, right-of-use asset55 
Property, plant and equipment2222100
Long-term investments and receivables2411123
Long-term investments2411123
Intangible assets, net (including goodwill)12334000
Goodwill9222   
Intangible assets, net (excluding goodwill)4112000
Restricted cash and investments1000   
Deferred income tax assets1111 
Deferred tax assets, net6898
Other undisclosed noncurrent assets0060001
Total noncurrent assets:34261314101212
TOTAL ASSETS:71714742393740
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities91496422
Accounts payable2113111
Accrued liabilities81383321
Employee-related liabilities      0
Debt0  0   
Deferred revenue and credits  0
Other undisclosed current liabilities110   (0)
Total current liabilities:111697422
Noncurrent Liabilities
Long-term debt and lease obligation66     
Operating lease, liability66 
Liabilities, other than long-term debt1022 00
Deferred revenue and credits  0
Accounts payable and accrued liabilities      0
Other liabilities1022 00
Other undisclosed noncurrent liabilities0000  (0)
Total noncurrent liabilities:7722 00
Total liabilities:1822128422
Stockholders' equity
Stockholders' equity attributable to parent53493533353538
Common stock  00000
Additional paid in capital95919090888688
Accumulated other comprehensive income (loss)0(0)(0)(0)(0)(0)(0)
Accumulated deficit(42)(42)(54)(57)(53)(52)(50)
Total stockholders' equity:53493533353538
TOTAL LIABILITIES AND EQUITY:71714742393740

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

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Revenues42433726201617
Revenue, net201617
Cost of revenue(21)(20)(19)(14)(10)(9)(8)
Gross profit:222318131089
Operating expenses(17)(17)(15)(14)(11)(9)(7)
Operating income (loss):563(1)(1)(2)1
Nonoperating income
(Other Nonoperating income)
0000000
Interest and debt expense   (0)   
Income (loss) from continuing operations before equity method investments, income taxes:563(1)(1)(1)1
Other undisclosed income from continuing operations before income taxes   0   
Income (loss) from continuing operations before income taxes:563(1)(1)(1)1
Income tax expense (benefit)66(1)(2)(0)08
Net income (loss) available to common stockholders, diluted:11123(4)(1)(1)10

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Net income (loss):11123(4)(1)(1)10
Other comprehensive income (loss) 0(0)(0)0(0)(0)
Other undisclosed comprehensive income0      
Comprehensive income (loss):11123(4)(1)(1)10
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income (loss), net of tax, attributable to parent:11123(4)(1)(1)10

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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