Genasys Inc Stock Price, News & Analysis

Genasys Inc. (NASDAQ: GNSS) will announce its financial results for the fiscal year ending September 30, 2022, on November 30, 2022, following market close. A conference call is scheduled for 4:30 p.m. ET to discuss the results. Participants can join via toll-free or international dial-in numbers, or through a webcast available on the company's website. Genasys provides critical communication systems to ensure safety, with a platform that supports millions across over 100 countries.

Genasys (NASDAQ: GNSS) has secured a five-year contract with San Diego County for its Genasys Emergency Management (GEM) software services, enhancing public safety communications for over 5.8 million residents. This contract marks the second such agreement in Southern California, following a similar contract with Riverside County. GEM will replace the county's previous notification system, providing critical alerts and information during emergencies. The platform aims to improve responses to disasters like wildfires and earthquakes, benefiting over 15 million Californians statewide.

Genasys Inc. (NASDAQ: GNSS) announced follow-on orders for LRAD systems totaling $840,000 aimed at bird and wildlife preservation in hazardous areas such as mining operations in northern Canada. These systems, integrated with avian radar from DeTect, Inc., utilize focused acoustic output to broadcast predator calls and warning tones effectively. LRAD's technology ensures sound is concentrated in a 30° beam, improving deterring capabilities over traditional methods. The systems are rugged and can transmit sounds up to 3,000 meters.

Genasys (NASDAQ: GNSS) announced its participation in the Stephens Annual Investment Conference from November 15-17, 2022, held at the Grand Hyatt Nashville. CEO Richard Danforth and CFO Dennis Klahn will engage in a fireside chat on November 17 at 10:00 AM CT. One-on-one meetings will also be conducted on the same day. A webcast of the presentation will be accessible on the Investor Relations section of Genasys' website, highlighting its commitment to providing critical communication systems that enhance safety globally.

Genasys Inc. will showcase its Unified Critical Communications Platform at the Smart City Expo World Congress from November 15-17 in Barcelona. Selected by the U.S. Commercial Service, Genasys aims to demonstrate its innovative technologies for improving urban safety. CEO Richard Danforth highlighted the event as a key opportunity to connect with government officials and city planners, showcasing solutions like GEM, Zonehaven, IMNS, and LRAD. Genasys’ platform aims to enhance public safety for millions across over 100 countries.

Genasys Inc. has partnered with the Spanish Firefighters Association (ASELF) to enhance civil protection against wildfires, flooding, and other emergencies. As wildfires in Spain rise in frequency and intensity, Genasys aims to support firefighters and civil protection administrations through its Genasys Emergency Management (GEM) platform. This system provides geo-located alerts to at-risk populations via various communication channels, while also incorporating Zonehaven for faster evacuation. Genasys is committed to improving public safety and has systems operational in over 100 countries.

Genasys Inc. (GNSS) announced new contracts for its Genasys Emergency Management (GEM) software, specifically tailored for utility applications. Key clients include Golden State Water Company, Florida Municipal Power Agency, and NW Natural, enhancing real-time safety alerts for over 3 million customers. GEM enables multiple communication channels to deliver timely information on service outages and maintenance. CEO Richard Danforth noted a diverse customer base across several verticals, highlighting GEM's role in increasing safety and information clarity amidst growing global risks.

Genasys Inc. (NASDAQ: GNSS) announced a new software-as-a-service (SaaS) contract with a North American division of a global auto manufacturer, marking its second automotive sector client. The GEM software will enhance critical communications, delivering safety alerts to employees across the U.S., Canada, and Mexico. This multi-year agreement includes features like a custom mobile app, automated weather alerts, and comprehensive reporting capabilities. The contract emphasizes the company's growth in the automotive sector, empowering businesses to protect their workforce during emergencies.

On September 21, 2022, Genasys Inc. (NASDAQ: GNSS) announced a multi-year contract for its Genasys Emergency Management (GEM) software-as-a-service (SaaS) with Colorado's West All Hazards Region. The GEM system will replace a competitor's service and is aimed at enhancing public safety during various emergencies, including wildfires and severe weather. CEO Richard Danforth highlighted the importance of GEM in safeguarding Colorado's communities, which are prone to year-round fire seasons. This agreement follows Genasys' previous contract with Colorado Springs, indicating growing adoption of its SaaS solutions in the region.