LRAD Corporation (LRAD) swung to a net profit for the quarter ended Mar. 31, 2017. The company has made a net profit of $0.30 million, or $ 0.01 a share in the quarter, against a net loss of $0.66 million, or $0.02 a share in the last year period.

Revenue during the quarter surged 59.37 percent to $5.74 million from $3.60 million in the previous year period. Gross margin for the quarter expanded 578 basis points over the previous year period to 51.08 percent. Operating margin for the quarter period stood at positive 7.58 percent as compared to a negative 34.50 percent for the previous year period.

Operating income for the quarter was $0.44 million, compared with an operating loss of $1.24 million in the previous year period.

"Fiscal second quarter domestic and international mass notification revenues were up 270% over the same period a year ago," remarked Richard S. Danforth, chief executive officer of LRAD Corporation. "For the first six months of fiscal 2017, LRAD ONE VOICE® mass notification revenues were 79% higher than total fiscal year 2016 mass notification revenues."

Cash conversion cycle (CCC) has decreased to 94 days for the quarter from 252 days for the last year period. Days sales outstanding went down to 41 days for the quarter compared with 56 days for the same period last year.

Days inventory outstanding has decreased to 82 days for the quarter compared with 240 days for the previous year period. At the same time, days payable outstanding went down to 28 days for the quarter from 44 for the same period last year.