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) announced a multi-year renewal of software support from the Iowa City VA, enhancing its GEM Emergency Management system with TRM certification to operate on VA networks. This upgrade includes advanced alert systems that integrate fire, access control, and emergency response technologies. The GEM system provides comprehensive notification channels, ensuring safety and redundancy for staff during critical events, marking a significant advancement in public safety communications.
Genasys Inc. successfully integrated its National Emergency Warning System (NEWS) Cell Broadcast Center (CBC) with the University of Málaga's 4G and 5G core network. This collaboration involved rigorous testing of the CBC in various demanding environments, ensuring reliable message generation, sending, and reception across multiple mobile phone models. Genasys' systems are now operational in 72 countries, providing critical communication solutions for public safety and emergency management.
Genasys Inc. (NASDAQ: GNSS) reports a 37% year-over-year revenue increase to $11.3 million for Q2 FY2021, driven by significant growth in the Genasys Emergency Management (GEM), Integrated Mass Notification Systems (IMNS), and LRAD® Acoustic Hailing Devices segments. Net income was $0.3 million or $0.01 per share, a slight decrease from the previous year. Gross profit margin fell to 47.2% due to increasing personnel costs. First half revenues reached $19.3 million, up 13% YoY, yet operating expenses rose by 21%. Cash reserves stood at $26.4 million. Genasys anticipates continued growth in the second half of fiscal 2021.
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.