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, 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.
Genasys Inc. (NASDAQ: GNSS) announced $1.0 million in international orders for its LRAD 1000Xi systems, aimed at enhancing security for offshore oil platforms in Nigeria and wildlife preservation in Canada. These systems will aid in warning away potential threats and reduce wildlife fatalities in hazardous areas. CEO Richard S. Danforth highlighted the effectiveness of LRAD's communication capabilities, which can broadcast messages up to 5,000 meters. The technology is widely utilized across various sectors globally, ensuring safety in critical situations.
Genasys Inc. (NASDAQ: GNSS) has announced the deployment of its Zonehaven emergency evacuation software in Alameda County, California, covering 1.7 million residents with 1,076 evacuation zones. This is part of a multi-year contract aimed at enhancing emergency response capabilities. The Zonehaven platform provides real-time data for planning evacuations during severe fire seasons and other disasters. Genasys serves over 200 cities and numerous public safety agencies, underscoring its commitment to improving public safety through technology.
Genasys Inc. (NASDAQ: GNSS) secured a $9.7 million follow-on order from the U.S. Army for the LRAD 450XL under the Acoustic Hailing Device program. This is the third order in fiscal 2021, aimed at enhancing military communication and security operations. The LRAD 450XL is lightweight and adaptable for various platforms, ensuring critical long-range communication capabilities. Genasys continues to solidify its role as a leader in critical communications systems, providing solutions for defense and law enforcement globally.
Genasys Inc. (NASDAQ: GNSS) announced the Southern Marin Fire Protection District ordered Integrated Mass Notification Systems (IMNS) for five locations in Marin County, CA, enhancing emergency response capabilities against wildfires. The IMNS, already effective in Mill Valley since 2019, includes solar power and battery backup. The emergency systems will be managed with Genasys Emergency Management software. Additionally, the Marin Wildfire Prevention Authority procured Zonehaven for evacuation planning, strengthening public safety resources during crises.
Genasys Inc. (NASDAQ: GNSS) has acquired Zonehaven, a SaaS provider specializing in emergency evacuation planning. The acquisition, finalized on June 7, 2021, enhances Genasys' GEM platform by integrating Zonehaven's innovative solutions, which are used by numerous public safety agencies across California and Oregon for managing evacuations. This move is aimed at improving emergency preparedness amid increasing crises like wildfires and severe weather. Genasys expects this acquisition to boost its competitive edge and recurring revenue growth.
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.