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) reported a 33% revenue growth year-over-year for the fiscal first quarter, totaling $10.7 million. The CEO noted solid performance amid ongoing supply chain challenges, emphasizing investments in staffing and resources for their Software-as-a-Service (SaaS) business. While gross profit margin was stable at 45.9%, operating expenses surged 48% to $6.5 million, leading to a net loss of $1.3 million. Despite the losses, the company remains optimistic about its growth outlook amid strong demand for critical communication systems.
Genasys Inc. (NASDAQ: GNSS) announced a multi-year contract for its Zonehaven software with Los Angeles County, enhancing emergency management for 1.4 million residents. This follows previous contracts covering 8.7 million Californians. The Zonehaven platform enables efficient evacuation planning, real-time alerts, and improved coordination among emergency services. CEO Richard Danforth anticipates further contracts in California and beyond this fiscal year. Genasys specializes in critical communications systems for public safety, operating in over 100 countries.
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.