Genasys Inc Stock Price, News & Analysis

Genasys Inc. (NASDAQ: GNSS) announced new multi-year software-as-a-service (SaaS) contracts covering over 500,000 residents, students, staff, and faculty. Key contracts are from Pinal County, Arizona, and the Housing Authority of New Orleans, aimed at improving emergency management during disasters. The University of California, Irvine also expanded its Genasys usage with additional evacuation resources. Genasys Emergency Management (GEM) will enhance safety communication across multiple channels, benefiting millions in multiple states and countries.

Genasys Inc. announced its participation at the BCI World Hybrid event on November 2-3, 2022, in London, where it will demonstrate its next-generation Genasys Emergency Management (GEM) platform. This platform integrates software, hardware, and geo-data analytics to enhance crisis communication and public safety. The GEM platform provides real-time alerts and evacuation resources through various channels, thereby improving response times during emergencies. With a diverse customer base, Genasys aims to address the growing demand for effective safety solutions in a hazardous world.

Genasys Inc. (NASDAQ: GNSS) reported a 12% year-over-year revenue increase, reaching $14.2 million for the fiscal third quarter ended June 30, 2022. Software-as-a-service revenue surged by 144% compared to Q4 2021, driven by Zonehaven's expansion. The first nine months saw a 19% increase in revenue to $38 million. However, the company faced a net loss of $0.6 million this quarter due to higher operating expenses. Genasys maintains a backlog of $30 million, supporting a positive outlook for continued revenue growth.

On August 10, 2022, Genasys Inc (NASDAQ: GNSS) celebrated over 20 years on Nasdaq by having CEO Richard S. Danforth ring the closing bell. This event highlights the company's advancements in critical communications systems aimed at public safety during emergencies. Genasys delivers unified solutions, including its Emergency Management platform and long-range communication systems, now deployed in over 100 countries. Danforth expressed gratitude to customers and employees for their support in enhancing safety against crises like natural disasters and active shooter situations.

Genasys Inc. (NASDAQ: GNSS) has secured a $2.2 million order for LRAD systems from a major international company. This order follows a successful pilot program completed last year. Genasys continues to see increased demand for its long-range communication solutions, which play a critical role in enhancing safety and security at various commercial and governmental facilities. With systems operational in over 100 countries, the company is positioned as a global leader in critical communications.

Genasys Inc. (NASDAQ: GNSS) has partnered with the Boston Red Sox to utilize its Genasys Emergency Management (GEM) software for safety alerts at Fenway Park. This solution will enhance communication during events through various channels, including SMS, voice calls, and social media. CEO Richard Danforth highlighted the addition of QR-Code alerting and a unique Auto Discovery feature that provides notifications via WiFi for attendees. GEM is designed to improve public safety across numerous applications, emphasizing Genasys's commitment to keeping communities safe.

Genasys Inc. (NASDAQ: GNSS) has appointed Dennis Walsh as Chief Revenue Officer to spearhead the company’s sales and marketing initiatives focused on driving revenue growth. Walsh brings over 25 years of leadership experience in software business development, previously serving in executive roles at Cognigy and Redwood Software, where he significantly increased revenue. CEO Richard S. Danforth expressed confidence in Walsh’s ability to enhance Genasys' offerings and expand market presence, particularly in life-safety solutions.

Genasys Inc. (NASDAQ: GNSS) announced plans to release its fiscal third-quarter financial results on August 11, 2022, following market closure. The call will take place at 4:30 p.m. ET, with details available for those wishing to join via phone or webcast. Genasys is a leader in critical communications systems, providing solutions for public safety and emergency management across more than 100 countries. Their platforms facilitate geo-targeted alerts and notifications to enhance safety during emergencies.

Genasys Inc. (NASDAQ: GNSS) announced the extension of its Zonehaven SaaS contract with Santa Clara County, now covering over 1.9 million people. This contract follows the 2020 deal, which initially serviced 190,000 residents. The CEO highlighted the importance of real-time alerting systems in protecting residents during public safety threats, especially wildfires. Additionally, Genasys signed new contracts with Solano, Lassen, and Modoc counties, bringing the total to 24 counties benefiting from its evacuation platform. This expansion enhances emergency management capabilities across the Bay Area.