Genasys Inc Stock Price, News & Analysis

Genasys Inc. (NASDAQ: GNSS) has received a follow-on order from the U.S. Army worth $9.0 million for its 360XT Mobile Mass Notification Systems (MMNS), marking the largest order for mass notification systems to date. This order is a result of collaboration with the Army over the past four years and is expected to enhance communication capabilities for military operations. The 360XT systems will provide emergency alerts on forward operating bases, featuring high Speech Intelligibility Index ratings and a robust design for enduring field conditions.

Genasys Inc. (NASDAQ: GNSS) announced a multi-year renewal of software support from the Iowa City VA, enhancing its GEM Emergency Management system with TRM certification to operate on VA networks. This upgrade includes advanced alert systems that integrate fire, access control, and emergency response technologies. The GEM system provides comprehensive notification channels, ensuring safety and redundancy for staff during critical events, marking a significant advancement in public safety communications.

Genasys Inc. successfully integrated its National Emergency Warning System (NEWS) Cell Broadcast Center (CBC) with the University of Málaga's 4G and 5G core network. This collaboration involved rigorous testing of the CBC in various demanding environments, ensuring reliable message generation, sending, and reception across multiple mobile phone models. Genasys' systems are now operational in 72 countries, providing critical communication solutions for public safety and emergency management.

Genasys Inc. (NASDAQ: GNSS) reports a 37% year-over-year revenue increase to $11.3 million for Q2 FY2021, driven by significant growth in the Genasys Emergency Management (GEM), Integrated Mass Notification Systems (IMNS), and LRAD® Acoustic Hailing Devices segments. Net income was $0.3 million or $0.01 per share, a slight decrease from the previous year. Gross profit margin fell to 47.2% due to increasing personnel costs. First half revenues reached $19.3 million, up 13% YoY, yet operating expenses rose by 21%. Cash reserves stood at $26.4 million. Genasys anticipates continued growth in the second half of fiscal 2021.

Genasys (NASDAQ: GNSS) announced participation in the 6th Annual Oppenheimer Emerging Growth Conference on May 11, 2021. Members of its executive team will engage in one-on-one meetings with investors during the event.

The conference will take place virtually from 9:05 a.m. to 4:25 p.m. Eastern Time (6:05 a.m. to 1:25 p.m. Pacific Time). Interested parties can schedule meetings through Genasys Investor Relations.

Genasys provides critical communication systems globally, serving over 500 U.S. cities and 72 countries.

Genasys Inc. (NASDAQ: GNSS) has secured an $18.3 million follow-on order from the U.S. Army, pushing its fiscal year 2021 bookings past those of fiscal year 2020. CEO Richard S. Danforth anticipates more key awards in the second half of the fiscal year, positioning the company for record revenues. The LRAD 450XL system enhances military communication capabilities, aiding in critical decision-making during security threats. Genasys operates in 72 countries, providing solutions in defense, public safety, and emergency management.

Genasys Inc. (NASDAQ: GNSS) will announce its fiscal second quarter financial results on May 13, 2021, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. Eastern Time. Genasys, a leader in critical communications systems, aims to enhance public safety through its comprehensive communication solutions, which are operational in 72 countries and over 450 U.S. cities. For participation, call details include a toll-free number for U.S. and Canadian listeners and an international line.

Genasys Inc. (NASDAQ: GNSS) has secured a five-year contract to provide public alert and warning software services for Riverside County, California. Chosen over six competitors, Genasys will implement its GEM platform to enhance multi-channel emergency notifications for 2.5 million residents. The contract also includes FEMA IPAWS integration and subsystems for major cities. Recent deployments include several other California municipalities. This strategic win strengthens Genasys' position in the critical communications market, with expectations for additional government contracts in the fiscal year.

Genasys Inc. (NASDAQ: GNSS) announced a multi-year enterprise software services contract with a major automobile manufacturer, effective March 15, 2021. The contract establishes Genasys Enterprise software to deliver critical event notifications to over 15,000 employees across Canada and 12 U.S. states, replacing a competitor's system. This software integrates with various management systems to ensure workforce safety and operational continuity.