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Note 1 - Operations
6 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Nature of Operations [Text Block]
1.
OPERATIONS
 
LRAD
®
Corporation, a Delaware corporation (the “Company”), is engaged in the design, development and commercialization of directed and multidirectional sound technologies, voice broadcast products, and location-based mass messaging solutions for emergency warning and workforce management. The principal markets for the Company’s proprietary sound reproduction technologies, voice broadcast products and mass messaging solutions are in North and South America, Europe, Middle East and Asia.
 
On
January 18, 2018,
the Company acquired all of the issued and outstanding shares of capital stock of Genasys Holdings, S.L. and its subsidiaries (“Genasys”), pursuant to a Stock Purchase Agreement, dated
January 18, 2018.
Genasys is a leading software provider of advanced location-based mass messaging solutions for emergency warning systems and workforce management. See Note
4
for additional information about this transaction.