Genasys Inc Stock Price, News & Analysis

Genasys Inc. (NASDAQ: GNSS) has announced a partnership with Shooter Detection Systems (SDS) to enhance its Genasys Emergency Management (GEM) solution. This integration aims to improve gunshot detection and real-time alerts for public safety. The GEM system will leverage SDS's advanced acoustic detection technology to provide immediate alerts and safety instructions via various communication channels. This partnership broadens Genasys's market applications and aims to provide critical situational awareness during active shooter incidents.

Genasys Inc. (NASDAQ: GNSS) has secured a $1.8 million order for long-range communication systems from a Southeast Asian country, targeting border security and public safety. The systems will be deployed by homeland security agencies. CEO Richard S. Danforth highlights the strong demand for these systems amid global security threats and notes the company's established presence in the Asia Pacific region. The LRAD systems are designed to enhance clarity in communications during emergencies, aiding law enforcement and public safety efforts.

Genasys Inc (NASDAQ: GNSS) is actively supporting communities affected by the Dixie Fire in Northern California. The company, through its Zonehaven platform, is providing emergency evacuation management software and volunteer support to first responders and residents. Approximately 12,000 individuals are currently under evacuation orders due to the wildfire, which has spread over 600,000 acres across five counties. Genasys emphasizes its commitment to keeping communities informed and safe by facilitating effective communication during emergencies.

Genasys Inc. (NASDAQ: GNSS) has appointed Susan Lee and Caltha Seymour to its Board of Directors, effective September 1, 2021. Ms. Lee brings over 20 years of experience in digital marketing and media, while Ms. Seymour has a strong background in global leadership across various industries, including her role at Eaton Corporation. Both appointments aim to leverage their expertise to enhance Genasys's strategic initiatives and shareholder value as the company approaches a record-setting year. Genasys is known for its critical communications solutions used globally for public safety.

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.