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. (NASDAQ: GNSS) is a Protective Communications company in the audio and video equipment manufacturing industry, and this page aggregates news and announcements related to GNSS stock. Company press releases describe Genasys as the global leader in Protective Communications, with a portfolio that includes Long Range Acoustic Device (LRAD) systems, the Genasys Protect platform, and the Evertel secure communication and collaboration platform.
News about Genasys often focuses on contracts and deployments of its hardware and software systems. Recent examples include updates on a multi-year Emergency Warning System project for the Puerto Rico Electric Power Authority, follow-on orders for Genasys Acoustics emergency warning and perimeter security systems at nuclear energy sites, and LRAD-RT orders for bird and wildlife preservation. The company also reports LRAD orders from the U.S. military and international orders in the Asia Pacific region.
Investors and observers can use this news feed to follow developments in Genasys’ hardware and software segments, including large project milestones, new contracts, and partnerships. Announcements have highlighted a growing backlog, demand across defense, public safety, emergency warning, and other critical markets, and strategic collaborations such as the partnership with Julie Parker Communications to support law enforcement and crisis communication.
In addition to operational updates, Genasys news includes financial results, conference participation, investor relations initiatives, and leadership or governance changes disclosed through press releases and SEC-related communications. Users interested in GNSS can review these items to understand how the company’s Protective Communications solutions are being adopted and how management describes its progress across key markets and projects.
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.
Genasys Inc. (NASDAQ: GNSS) has announced CEO Richard Danforth and CFO Dennis Klahn's participation in the 2022 Security Investor Conference on December 15, 2022, at the InterContinental New York Barclay. They will host a group presentation at 4:15 p.m. ET and conduct one-on-one meetings. A webcast of the presentation will be available on the Genasys Investor Relations website. The SIC is a leading conference focusing on security solutions and offers networking opportunities with key industry leaders.
Genasys reported a 15% increase in annual revenue, reaching $54.0 million, for the fiscal year ending September 30, 2022. Key highlights include a positive Adjusted EBITDA and significant growth in the SaaS platform, expanding into 7 countries and 21 California counties. Despite a net loss of $16.2 million due to a $13.2 million goodwill impairment, the firm maintains a strong cash position with $19.9 million available. The CEO anticipates continued revenue growth for fiscal 2023, driven by software services and international sales.
Genasys Inc. has expanded its critical communications systems in California, with multi-year Zonehaven software contracts signed with four counties: Calaveras, Del Norte, Madera, and Shasta. This follows its use in over 50 incidents this year alone. The contracts aim to reduce evacuation times significantly and advance Genasys' SaaS strategy. The company's software supports real-time evacuation alerts amid various public safety threats, enhancing its presence in California's emergency management sector.
Genasys has secured a multi-year software-as-a-service (SaaS) contract with Riverside County, California, enhancing its Zonehaven evacuation resources. This partnership follows the county's selection of Genasys Emergency Management as its public safety alerting provider. The contract encompasses the Integrated Mass Notification System, aiming to improve wildfire safety for over 2.5 million residents. CEO Richard Danforth highlighted the growth potential of Genasys' unified platform in delivering critical communications during emergencies.
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.