Genasys Inc Stock Price, News & Analysis

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.

Genasys Inc. (NASDAQ: GNSS) announced a new project through its Canadian subsidiary to implement Contact Tracking™ software for the Government of Canada, focusing on COVID-19 tracking and vaccinations. The project, which was awarded after evaluating over 500 proposals, encompasses various communication channels, including two-way alerts via email, SMS, and mobile apps. The software ensures strict privacy protocols, anonymizing sensitive data. This initiative is part of the Genasys Emergency Management (GEM) platform, designed to enhance public safety and emergency response.

Genasys Inc (NASDAQ: GNSS), a leader in critical communications, will participate in the Stephens Virtual Best Ideas Conference on March 10, 2021. The company's executive management will present from 12:00 p.m. to 12:45 p.m. Eastern Time and engage in one-on-one meetings with registered investors. A replays of the webcast will be accessible via the Investor Relations section of their website. Genasys provides comprehensive communication systems that enhance public safety and emergency management across 72 countries and over 500 U.S. cities.

Genasys Inc. (NASDAQ: GNSS) has secured a four-year software services contract with the Spain Ministry of the Interior, enhancing its role in public safety and emergency communications. CEO Richard S. Danforth indicated that this contract could lead to additional software sales in Spain and the EU. This deal aligns with the EU’s EECC Article 110 initiative, which mandates a geo-located emergency communication system for mobile phones by June 2022. Genasys aims to improve its services through its NEWS system, which operates across SMS and Cell Broadcast channels.

Genasys Inc. (NASDAQ: GNSS) reported fiscal Q1 2021 revenues of $8.0 million, a decline from $8.8 million year-over-year, primarily due to delayed shipments. Gross profit margin fell to 46.1% from 52.4% due to increased engineering personnel and expenses. Operating expenses grew by 13% to $4.4 million, influenced by higher sales and marketing costs. The company incurred a net loss of $0.6 million, compared to a net income of $0.6 million in the same quarter last year. Despite this, Genasys announced record bookings of $12.2 million, indicating strong future revenue potential.