Parametric Sound, which was spun off by LRAD earlier this week, still has no ticker on any market as far as we can tell. LRAD, on the other hand, is up over 50% today on news that it had received a huge order from a foreign government. THe order will deliver $12.1 million in revenue in the first half of 2011 to a company that only had $12 million in revenue in the first 9 months of 2010.
Is this related to the spinoff, the product of increased focus? No, most probably not. But it looks like this was one spinoff that would have been worth buying.
Disclosure: Author has no position in any stock mentioned.
Ticker is PAMT (announced October 4th, I believe)