Genasys Inc Stock Price, News & Analysis

Genasys Inc. (NASDAQ: GNSS) reported fiscal Q2 2025 results with revenue of $6.9 million, up 21% from $5.7 million in Q2 2024. The company posted a GAAP net loss of ($6.1) million, or ($0.14) per share, improving from ($7.0) million in Q2 2024. Software revenue increased 29% while hardware revenue grew 17%. The company secured $4 million in bridge financing and has access to an additional $4 million. Genasys has begun implementing the Puerto Rico Early Warning System project, expecting $15-20 million in related revenue in fiscal 2025. Notable achievements include $2.5 million in LRAD bookings with US Military and $1.0 million in LRAD orders for Critical Infrastructure Protection. Hardware bookings through March increased 48% year-over-year, with current hardware backlog exceeding $12 million. CFO Dennis Klahn announced his intention to retire.

Genasys Inc. (NASDAQ: GNSS) announced that CFO Dennis Klahn will retire by the end of the current fiscal year, concluding a 45-year career in accounting and finance. Klahn, who has served as CFO since September 2017, will remain in his position until a successor is chosen and assist with the transition. Under his tenure, Genasys transformed from a hardware systems supplier to a global provider of unified SaaS and hardware Protective Communications solutions.

During Klahn's 8-year CFO role, the company achieved significant milestones, including: facilitating four software company acquisitions, expanding operations from 45 to over 200 employees, establishing offices in Europe and the Middle East, increasing SaaS sales for three consecutive fiscal years, and extending sales presence to more than 100 countries. The Board has initiated a comprehensive search process with an executive search firm to find his successor.

Genasys Inc. (NASDAQ: GNSS) has partnered with ShakeAlert to integrate Earthquake Early Warning (EEW) into its Protective Communications platform. ShakeAlert, managed by the U.S. Geological Survey (USGS), detects significant earthquakes and estimates expected shaking. The system will enable Genasys' ACOUSTICS systems to deliver alerts several seconds before strong shaking begins.

This partnership joins Genasys' existing collaborations with FEMA's IPAWS, National Weather Service, ESRI's ArcGIS, FloodMapp, and AlertWildfire, enhancing their emergency management ecosystem. The integration aims to improve public safety through early warning systems and automated responses such as slowing trains and closing water valves.

Genasys Inc. (NASDAQ: GNSS), a global leader in Protective Communications, has announced it will release its fiscal second quarter 2025 financial results after market close on Tuesday, May 13, 2025. The company will host a conference call to discuss the results at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time on the same day.

Investors can join via toll-free number (888) 390-3967 for U.S. & Canada, or international number (862) 298-0702. Questions for management can be submitted in advance to ir@genasys.com. A webcast replay will be available approximately four hours after the presentation through the Events & Presentations page on the company's website.

Genasys Inc. (NASDAQ: GNSS) has secured $2.5 million in Long Range Acoustic Device® (LRAD) orders from the US Military, covering Army, Navy, and Air Force units both domestically and overseas. LRAD systems provide long-range communication and escalation of force (EOF) capabilities, supporting various military missions from combat to humanitarian operations.

The systems are designed to broadcast clear voice messages and warning tones over long distances and through loud background noise, with an effective range of up to 5,000 meters. LRAD has successfully passed approximately 40 separate U.S government tests, including all MILSPEC testing for heat, humidity and shock, and is currently deployed in over 100 countries.

Genasys Inc. (NASDAQ: GNSS) has secured $1.0M in orders for its LRAD (Long Range Acoustic Device) systems to protect critical infrastructure in multiple locations. The orders include installations at oil and gas facilities in Australia and Canada, and electrical substations of a major U.S. utility.

The announcement comes amid rising security concerns, with the U.S. Department of Energy reporting 175 instances of physical attacks or threats against grid infrastructure in 2023. The company's LRAD 950NXT systems will be integrated with existing security systems at select substations, addressing the six security requirements established by the North American Energy Reliability : Detect, Assess, Communicate, Respond, Delay, and Deter.

This marks the second regional utility to implement LRAD systems for substation security. The technology provides first-response capability by broadcasting alerts and warnings, enhancing traditional observe-only security installations across 1,500 CIP-014 electrical substations in the U.S.

Genasys Inc. (NASDAQ: GNSS) addresses the recent Signal app controversy in the US government's Executive branch by highlighting their secure alternative, Genasys CONNECT. The company criticizes the use of Signal by US intelligence and military leaders, emphasizing that their platform offers a compliant solution for government communications.

Jeff Halstead, Genasys Senior Director of Strategic Accounts and former Chief of Police, introduces Genasys CONNECT's features including:

• Heavily encrypted messaging across all devices
• Agency-controlled data ownership
• Fortified team chats with logging and tracking
• FOIA, CJIS/FBI, public records retention, and HIPAA compliance
• Immutable message history

The company warns that approximately 90% of police departments reportedly use Signal for sensitive operations, which they claim is illegal for sharing criminal justice information. Genasys positions their platform as a secure and compliant alternative to Signal for government communications.

Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications, has announced a strategic partnership with FloodMapp, a market leader in operational flood forecasting and intelligence solutions. The collaboration integrates Genasys' all-hazards preparedness and multichannel alerting platform with FloodMapp's forecasting technology.

The partnership aims to enhance emergency response capabilities by enabling emergency managers to:

• View predicted flood impact areas
• Overlay them with evacuation zones
• Make faster, data-driven decisions
• Coordinate timely evacuations

This integration is particularly important in fire-prone areas like California and Australia, where the fire-flood cycle creates dangerous flood and debris flow risks downstream of burn-scarred areas. The companies will host a webinar on March 19, 2025, titled 'Elevating the Standard for All-Hazard Safety' to showcase their combined solution.

Genasys Inc. (NASDAQ: GNSS) reported fiscal Q1 2025 results with revenue of $6.9 million, up 59.1% from $4.4 million in Q1 2024. The company posted a GAAP net loss of ($4.1) million, or ($0.09) per share, improved from ($6.7) million, or ($0.15) per share in the prior year.

Software revenue increased 63.5% with recurring revenue up 68.7%, while hardware revenue grew 57.1%. Gross profit margin improved to 45.8% from 33.9% year-over-year. The company received over $10 million in cash deposits for Puerto Rico dams project, with $8.3 million received during Q1 and an additional $2.2 million post-quarter.

The company highlighted its role in recent Los Angeles fires, where its Genasys Protect system supported evacuation efforts. With a record $40 million backlog entering fiscal 2025, primarily tied to the Puerto Rico project, management expects substantial growth in both top and bottom lines compared to the previous year.