Genasys Inc Stock Price, News & Analysis

Genasys Inc. (NASDAQ: GNSS) announced that CEO Richard Danforth and SVP Brian Alger will participate in the Inaugural EF Hutton Global Conference on May 10 in New York City, followed by the Oppenheimer Emerging Growth Conference on May 11. These events offer unique opportunities for executives and institutional investors to engage in one-on-one discussions. The EF Hutton Conference will host around 150 companies, while the Oppenheimer Conference will include more than 60 emerging firms from various sectors. Genasys provides critical communication systems, ensuring public safety across more than 100 countries through its Genasys Protect™ platform, which enables real-time notifications during emergencies.

Genasys Inc. (NASDAQ: GNSS) announced a significant order for its Integrated Mass Notification System (IMNS) to enhance emergency warnings at a large outdoor tourist destination. The IMNS is a core component of the Genasys Protect™ platform, designed to deliver clear communication during crises. Key features include high vocal clarity and multiple activation options. CEO Richard Danforth emphasized the growing interest in their protective communications platform across sectors like entertainment and critical infrastructure. Genasys has a global presence, protecting millions in over 100 countries.

Genasys Inc. (NASDAQ: GNSS) has secured a multi-year contract with San Diego County, California, to implement its Genasys Protect™ platform, enhancing public safety communication systems. This contract follows the previous adoption of the Genasys Emergency Management software to replace the county's old notification system. Under this initiative, multiple California jurisdictions are deploying the platform to ensure timely evacuation notifications and emergency alerts. The company has also appointed Brian Alger as Senior Vice President of Investor Relations, aiming to strengthen its corporate development efforts.

SAN DIEGO, Feb. 16, 2023 – Genasys (NASDAQ: GNSS), a leader in critical communications systems, announced that CEO Richard Danforth and CFO Dennis Klahn will present at the Third Annual Winter Wonderland Investor Conference. The presentation will occur on February 22, 2023, at 1:00 p.m. ET, with one-on-one meetings available throughout the event. A webcast will be available for live viewing and replay at this link.

Genasys provides a unified platform for real-time geo-targeted alerts and emergency notifications, servicing over 100 countries.

Genasys Inc. (NASDAQ: GNSS) has secured a significant contract with Aramco to supply its Genasys Emergency Management (GEM) software. The contract, awarded through a competitive bidding process, allows Aramco to utilize GEM for geo-targeted, multichannel notifications to employees in emergency situations. CEO Richard Danforth highlighted this as a major achievement, reflecting confidence in Genasys' Software-as-a-Service (SaaS) solutions. The GEM platform integrates with various systems to enhance communication during emergencies and aims to protect workers, contractors, and visitors effectively.

Genasys Inc. (NASDAQ: GNSS) reported strong fiscal Q1 results with record SaaS bookings of $6.1 million, driven by contracts from Aramco and several California counties. Q1 revenue reached $10.5 million, down 2% year-over-year, with a 64% increase in software revenue but a 5% drop in hardware revenue. Gross profit margin declined to 43.3% due to higher costs. The net loss widened to $3.5 million, or ($0.10) per share. International bookings accounted for 50% of total, with notable growth in the APAC region. Genasys reaffirmed its outlook for continued revenue growth in fiscal 2023, fueled by increasing international sales and ongoing software investments.

Genasys Inc. (GNSS) announced a $900,000 order for emergency warning systems from the University of California, Berkeley, alongside follow-on orders from the City of Laguna Beach and the Southern Marin Fire Protection District. The installations, powered by Genasys Emergency Management (GEM) software, aim to enhance safety for over 45,000 individuals at Cal Berkeley. The performance of the Laguna Beach system during recent wildfires led to its expansion. Genasys emphasizes its leadership in critical communications technology and expects increased adoption of its platform across California jurisdictions this fiscal year.

Genasys Inc. (GNSS) has announced a follow-on $1.6 million order for its LRAD systems, aimed at bird and wildlife preservation. This order, the largest from DeTect to date, marks a total of $10 million in LRAD orders delivered over a 13-year partnership. The systems will be deployed in mining operations in northern Canada, where they will monitor and deter wildlife from hazardous areas. LRAD technology uniquely focuses sound in a 30° beam, significantly reducing audio levels in surrounding areas, and is robust enough to operate in harsh environments.

Genasys Inc. (NASDAQ: GNSS) has announced the upcoming release of its fiscal first quarter financial results for the period ending December 31, 2022. The announcement is scheduled for February 9, 2023, after market close, followed by a conference call at 4:30 p.m. Eastern Time. Investors and analysts are encouraged to participate and submit questions in advance. Genasys is recognized for its critical communications systems that enhance public safety globally. The company empowers governments and businesses with real-time geo-targeted alerts and notifications, serving millions worldwide.