Genasys Inc Stock Price, News & Analysis

Genasys Inc. (NASDAQ: GNSS) has secured a five-year public safety alert software services contract with Longueuil, Quebec, enhancing emergency communication for over 250,000 residents. The Genasys Emergency Management (GEM) software will deliver multilingual alerts via SMS, email, and phones, replacing an incumbent system due to superior mapping and management features. Integration with Canada's Alert Ready system will further ensure timely notifications. This development underscores Genasys's commitment to improving public safety through advanced technology in critical communication systems.

Genasys, a leader in critical communications, reported fiscal third quarter results for 2021, reflecting a revenue increase to $12.6 million, up from $11.9 million year-over-year. Bookings reached $44.3 million, setting the stage for record fiscal year-end backlog and revenue. Despite a net income decline to $0.3 million, attributed to increased operating expenses, the company showed substantial growth in international markets with revenue growth of 31% in Asia Pacific. The acquisition of Zonehaven aims to bolster future software sales and revenue growth.

Genasys Inc. (NASDAQ: GNSS) plans to release its fiscal third quarter financial results on July 28, 2021, after market close. A conference call will be held at 4:30 p.m. Eastern to discuss these results. Investors are encouraged to dial in 10 minutes prior to the start time.

The company specializes in critical communications systems, providing solutions for over 100 countries in various sectors such as emergency management and public safety.

Genasys Inc. (NASDAQ: GNSS) has renewed its multi-year contract for GEM software services with Lambton College and announced new Integrated Mass Notification System (IMNS) installations at George Mason University and the University of Louisiana at Lafayette. The IMNS provides life-saving communications, enhancing campus safety during critical events. CEO Richard S. Danforth emphasized the importance of real-time alerts in protecting students and staff. The GEM platform supports scalable emergency communication solutions, integrating various notification channels for effective campus security.

Genasys Inc. (NASDAQ: GNSS) announced $3 million in LRAD systems orders aimed at enhancing public safety and security in the U.S. and Africa. The demand for these systems is driven by increased border and homeland security threats. Additionally, Mansour Karam has been appointed Director of Business Development for Northern and Sub-Saharan Africa to address regional needs. Karam, fluent in Arabic, French, and English, has extensive experience in boosting distribution networks and securing major deals in his previous roles.

Genasys Inc. (NASDAQ: GNSS) announced $1.0 million in international orders for its LRAD 1000Xi systems, aimed at enhancing security for offshore oil platforms in Nigeria and wildlife preservation in Canada. These systems will aid in warning away potential threats and reduce wildlife fatalities in hazardous areas. CEO Richard S. Danforth highlighted the effectiveness of LRAD's communication capabilities, which can broadcast messages up to 5,000 meters. The technology is widely utilized across various sectors globally, ensuring safety in critical situations.

Genasys Inc. (NASDAQ: GNSS) has announced the deployment of its Zonehaven emergency evacuation software in Alameda County, California, covering 1.7 million residents with 1,076 evacuation zones. This is part of a multi-year contract aimed at enhancing emergency response capabilities. The Zonehaven platform provides real-time data for planning evacuations during severe fire seasons and other disasters. Genasys serves over 200 cities and numerous public safety agencies, underscoring its commitment to improving public safety through technology.

Genasys Inc. (NASDAQ: GNSS) secured a $9.7 million follow-on order from the U.S. Army for the LRAD 450XL under the Acoustic Hailing Device program. This is the third order in fiscal 2021, aimed at enhancing military communication and security operations. The LRAD 450XL is lightweight and adaptable for various platforms, ensuring critical long-range communication capabilities. Genasys continues to solidify its role as a leader in critical communications systems, providing solutions for defense and law enforcement globally.

Genasys Inc. (NASDAQ: GNSS) announced the Southern Marin Fire Protection District ordered Integrated Mass Notification Systems (IMNS) for five locations in Marin County, CA, enhancing emergency response capabilities against wildfires. The IMNS, already effective in Mill Valley since 2019, includes solar power and battery backup. The emergency systems will be managed with Genasys Emergency Management software. Additionally, the Marin Wildfire Prevention Authority procured Zonehaven for evacuation planning, strengthening public safety resources during crises.