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. (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.
Genasys Inc. (NASDAQ: GNSS) has announced participation in key investment conferences on October 13 and October 25, 2022. CEO Richard Danforth and CFO Dennis Klahn will present at the MicroCap Rodeo - Windy City Roundup in Chicago and the LD Micro Main Event XV in Los Angeles, respectively. Both events will include presentations and one-on-one meetings. The presentations are set to be webcast, with links available on Genasys' Investor Relations webpage in October. Genasys specializes in critical communication systems, providing services to over 100 countries.
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.