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 secured a competitive research and development contract from the U.S. Navy through the SBIR program. This contract aims to advance acoustic driver technologies that are smaller, lighter, louder, and more cost-effective. CEO Richard S. Danforth highlighted the partnership with the Department of Defense over the past 15 years, emphasizing the significance of this contract. Genasys' LRAD systems enhance naval communication and security operations for 27 global naval forces, contributing to defense and safety across various maritime operations.
Genasys Inc. (NASDAQ: GNSS) reported record financial results for the fiscal year ending September 30, 2020, with revenues of $43.0 million, an increase of 16% from the previous year, and fourth quarter revenues of $14.0 million, up 80% year-over-year. The net income for the year was $11.9 million, or $0.35 per diluted share, compared to $2.8 million in fiscal 2019. Gross profit margins improved to 52.6%. However, bookings decreased by 22% to $36.0 million due to COVID-19-related delays. The company anticipates record fiscal first quarter bookings for fiscal 2021.
Genasys is set to present at the Northland Capital Markets IoT, AI and Safety Virtual Conference on December 7, 2020, from 3:15 p.m. to 4:00 p.m. Eastern Time. Members of the executive management team will engage in one-on-one meetings with registered investors during the event. The conference will showcase Genasys' innovative offerings in critical communications systems, aimed at enhancing public safety. Interested parties can access the webcast through the company's Investor Relations webpage.
Genasys Inc. (NASDAQ: GNSS) plans to release its fiscal year 2020 financial results on December 9, 2020, after market close. A conference call will follow at 4:30 p.m. Eastern to discuss the results. Interested parties can dial in using 888.390.3967 (toll-free) or 862.298.0702 (international). A webcast will be available for those unable to participate live. Genasys is a leader in critical communications, offering systems that deliver geo-targeted alerts across 72 countries and over 450 U.S. cities.
Genasys Inc. (NASDAQ: GNSS) reported new orders totaling $2.6 million from the U.S. Army National Guard, Navy, Air National Guard, and Air Force for critical communication systems. The orders include LRAD 100X MAG-HS kits and LRAD 1000Xi systems as part of a $4.3 million IDIQ contract. The U.S. Military continues to rely on Genasys' systems for effective communication and mission success. Genasys operates in 72 countries, providing solutions for defense and public safety.
Genasys Inc (NASDAQ: GNSS) will present at the Stephens Annual Investment Conference on November 19, 2020.
Executive management will present from 11:00 a.m. to 11:45 a.m. Eastern Time and participate in one-on-one investor meetings. The event is virtual, and a webcast of the presentation will be available through the company's Investor Relations section.
Genasys Inc. (NASDAQ: GNSS) announced $1.6 million in international orders for LRAD 450XL and LRAD 1000Xi acoustic hailing devices and Genasys 360XL public safety mass notification systems. These systems will be utilized in law enforcement and homeland security applications across the Middle East, Asia Pacific, and Southeastern Europe. Genasys aims to enhance public safety with advanced communication technologies that deliver clear messages over distances, ensuring critical information is effectively communicated. The company operates in 72 countries, supporting diverse emergency management needs.
Genasys Inc. (NASDAQ: GNSS) reported a record $1.3 million in U.S. law enforcement sales for the fiscal year 2020, marking a 30% increase from 2019. This achievement signifies the company’s second consecutive year of growth in this segment. CEO Richard S. Danforth emphasized the versatility of the LRAD system in enhancing public safety and communication during critical situations. The LRAD systems are in use across over 450 U.S. cities, facilitating crowd communications and emergency notifications, among other applications, and offering superior voice clarity and range compared to traditional systems.
Genasys Inc. (NASDAQ: GNSS) has completed the acquisition of Amika Mobile, a Canadian provider of critical communications software, and has renamed it Genasys Communications Canada. This strategic move aims to expand Genasys' enterprise software solutions and strengthen its multi-channel critical communications platform. CEO Richard S. Danforth highlighted that the acquisition will facilitate scalable operations for businesses of all sizes and enhance competitiveness in the growing emergency warning and critical event management markets.
Genasys Inc. (NASDAQ: GNSS) has secured a multi-year contract with a second mobile telecom carrier to provide emergency alerts for Australia’s advanced early warning system. The company has previously partnered with Optus for similar services. Genasys has delivered over 150 million emergency alerts since its collaboration with Nokia in 2012. The National Emergency Warning System (NEWS) allows users to receive alerts without opting in, enhancing public safety during critical events. Genasys aims to expand its services in response to the European Emergency Warning directive, mandated for EU member nations by June 2022.