Genasys Inc Stock Price, News & Analysis

Genasys Inc. (NASDAQ: GNSS) has secured multi-year contracts for its Genasys Emergency Management (GEM) software services with the Texas Office of the Attorney General, Madison County, and the Town of Little Elm. The renewed contract with Texas OAG enhances case worker safety through GEM's Desktop Panic feature. Additionally, new agreements replace existing emergency notification services in Madison County and Little Elm. The company also expanded its services at the Port of Houston, introducing visitor management and alert systems to enhance safety measures.

Genasys Inc. (NASDAQ: GNSS) has been selected by Slovenia to implement its National Emergency Warning System (NEWS), designed to protect over 5 million residents and visitors. This system will use location-based SMS and cell broadcasts to meet EU public warning standards. NEWS can send alerts through multiple channels, including mobile apps and TV. Genasys aims to strengthen its position in the European market, backed by previous successes in Australia, where over 180 million SMS alerts have been sent since 2012.

Genasys Inc. (NASDAQ: GNSS) has secured a $1.97 million contract from the City of Berkeley, CA, for public safety mass notification and emergency warning systems. This contract enhances safety through integrated software and hardware solutions, including Integrated Mass Notification Systems (IMNS) and Zonehaven evacuation software. The project aims to deliver critical alerts to over 125,000 citizens, ensuring reliable communication during emergencies, even if power or telecommunications fail. This contract underscores Genasys’s commitment to public safety across various applications.

Genasys Inc. (NASDAQ: GNSS) plans to announce its fiscal first quarter results for the period ending December 31, 2021, on February 7, 2022, after market close. A conference call will follow at 4:30 p.m. Eastern Time (1:30 p.m. Pacific) to discuss these results. The company specializes in critical communications systems aimed at enhancing public safety and operates in over 100 countries. Genasys offers a range of solutions including mass notification systems and emergency management tools.

Genasys Inc. (NASDAQ: GNSS), a leader in critical communications systems, announced participation in the 2nd Annual Best Ideas Virtual Conference from February 8-11, 2022. CEO Richard Danforth and CFO Dennis Klahn are set to host a group presentation on February 8 at 2:30 p.m. ET, followed by one-on-one meetings with registered investors on February 10-11. This conference aims to showcase innovative ideas and facilitate investment discussions. For details or to register, visit here.

Genasys Inc. (NASDAQ: GNSS) has announced that four additional California counties have signed multi-year contracts for its Zonehaven software services. This expansion allows first responders and emergency services to access critical evacuation planning and real-time safety information, benefiting over 7.3 million residents statewide. Genasys' CEO emphasized the importance of providing tools for rapid evacuations, especially in light of increasing severe weather. The Zonehaven platform enhances evacuation coordination, significantly reducing the time required for public safety notifications.

Genasys Inc. (NASDAQ: GNSS) reported record fiscal fourth quarter revenue of $15 million, contributing to a full-year revenue of $47 million, an 8% increase from 2020. The company ended the fiscal year with a backlog of $36.1 million, up 217% from the previous year. However, net income dropped to $0.8 million compared to $9.4 million in Q4 2020 due to increased operating expenses. The firm is shifting towards a Software as a Service (SaaS) model, expecting a 50% growth in SaaS bookings year-over-year, while forecasting $9-$11 million increase in operating expenses for fiscal 2022.

Genasys Inc. (NASDAQ: GNSS) has announced upcoming participation in two significant investor conferences: the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, and the Imperial Capital 2021 Security Investor Conference on December 15, 2021. CEO Richard S. Danforth and CFO Dennis Klahn will host virtual meetings and in-person presentations, offering insights into the company's critical communications systems aimed at enhancing public safety. Interested parties can register for the events through their respective representatives.

Genasys Inc. (NASDAQ: GNSS) announced the resignation of Daniel H. McCollum from its Board of Directors effective November 11, 2021. McCollum will now serve on the Strategic Advisory Board. Under his tenure since 2016, the company made three acquisitions, launched critical software solutions, and achieved a revenue growth of over double digits CAGR alongside a more than 225% increase in share price. His transition is expected to enhance the company's revenue growth and shareholder value.