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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) 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.
Genasys (NASDAQ: GNSS) has secured a five-year contract with San Diego County for its Genasys Emergency Management (GEM) software services, enhancing public safety communications for over 5.8 million residents. This contract marks the second such agreement in Southern California, following a similar contract with Riverside County. GEM will replace the county's previous notification system, providing critical alerts and information during emergencies. The platform aims to improve responses to disasters like wildfires and earthquakes, benefiting over 15 million Californians statewide.
Genasys Inc. (NASDAQ: GNSS) announced follow-on orders for LRAD systems totaling $840,000 aimed at bird and wildlife preservation in hazardous areas such as mining operations in northern Canada. These systems, integrated with avian radar from DeTect, Inc., utilize focused acoustic output to broadcast predator calls and warning tones effectively. LRAD's technology ensures sound is concentrated in a 30° beam, improving deterring capabilities over traditional methods. The systems are rugged and can transmit sounds up to 3,000 meters.
Genasys (NASDAQ: GNSS) announced its participation in the Stephens Annual Investment Conference from November 15-17, 2022, held at the Grand Hyatt Nashville. CEO Richard Danforth and CFO Dennis Klahn will engage in a fireside chat on November 17 at 10:00 AM CT. One-on-one meetings will also be conducted on the same day. A webcast of the presentation will be accessible on the Investor Relations section of Genasys' website, highlighting its commitment to providing critical communication systems that enhance safety globally.
Genasys Inc. will showcase its Unified Critical Communications Platform at the Smart City Expo World Congress from November 15-17 in Barcelona. Selected by the U.S. Commercial Service, Genasys aims to demonstrate its innovative technologies for improving urban safety. CEO Richard Danforth highlighted the event as a key opportunity to connect with government officials and city planners, showcasing solutions like GEM, Zonehaven, IMNS, and LRAD. Genasys’ platform aims to enhance public safety for millions across over 100 countries.
Genasys Inc. has partnered with the Spanish Firefighters Association (ASELF) to enhance civil protection against wildfires, flooding, and other emergencies. As wildfires in Spain rise in frequency and intensity, Genasys aims to support firefighters and civil protection administrations through its Genasys Emergency Management (GEM) platform. This system provides geo-located alerts to at-risk populations via various communication channels, while also incorporating Zonehaven for faster evacuation. Genasys is committed to improving public safety and has systems operational in over 100 countries.