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. 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 commenced shipments of its LRAD 950NXT, a state-of-the-art communication and response system. The company is fulfilling $3.2 million in naval orders, including $1.8 million from the French Navy and $1.4 million from the Spanish Navy. Demand is high for the 950NXT amidst rising global security concerns. This system enhances threat identification and communication capabilities, integrating advanced features like automated security alerts when combined with sensors. Genasys continues to grow its footprint in critical communications across over 100 countries.
Genasys Inc. (NASDAQ: GNSS) announced a new cooperative purchasing contract with Sourcewell, enabling more than 50,000 government, educational, and non-profit organizations to directly purchase its critical communications systems. This contract, awarded after a competitive bidding process, streamlines procurement while ensuring compliance with local requirements. Genasys is currently the only provider of unified emergency mass notification and smart evacuation management solutions available through Sourcewell contracts, enhancing its capability to support public safety initiatives.
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.