Welcome to our dedicated page for Genasys news (Ticker: GNSS), a resource for investors and traders seeking the latest updates and insights on Genasys stock.
Genasys Inc. provides Protective Communications software and hardware for public safety, enterprise and defense uses. News about GNSS commonly covers Genasys Protect deployments, emergency alerting and evacuation management contracts, Acoustics outdoor warning systems, and Long Range Acoustic Device (LRAD) orders for maritime and security applications.
Recurring updates also include fiscal results and conference calls, customer orders from municipalities, counties, fire districts and defense organizations, and governance changes involving the board and audit oversight. The company's Protect Platform includes Genasys Protect and Genasys Evertel, while its hardware portfolio includes LRAD systems used for long-range critical communications.
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.
Genasys Inc. (NASDAQ: GNSS) has expanded its emergency communication services to three Utah counties—Daggett, Duchesne, and Uintah—replacing previous systems. This move enhances disaster readiness across 39 counties in five Western states. In California, Genasys’ Zonehaven has been instrumental in conveying flooding alerts amid severe weather conditions affecting areas impacted by past wildfires. CEO Richard Danforth highlighted that tens of millions of residents now benefit from Genasys' services. The company underscores its role in ensuring timely alerts through various communication channels during emergencies.
Genasys Inc. (NASDAQ: GNSS) announces a multi-year SaaS contract with Monterey County, California, enhancing emergency management for its 430,000 residents. This aligns with Genasys' strategic shift towards higher-margin recurring revenue, with significant growth in California and expansion into 19 states. The company’s critical communications systems are now utilized by 16.3 million Californians, with GEM and Zonehaven systems leading the field. This deployment aims to improve public safety during disasters and emergencies, driven by a focus on software solutions.