Genasys (GNSS) Stock News

Genasys Inc. (NASDAQ: GNSS) has secured orders exceeding $1.0M for its Long Range Acoustic Device (LRAD) systems in Africa and the Middle East. The company expects additional LRAD orders in the current fiscal quarter.

LRAD systems, powered by Genasys' Driver and Waveguide technology, provide long-range communication capabilities for defense, border security, and law enforcement operations. The technology enables clear voice message broadcasting and alert tones across long distances, even in loud environments. Currently, LRAD systems are deployed in over 100 countries for various critical communication applications.

Genasys Inc. (NASDAQ: GNSS) has secured a $2.0 million order from the U.S. Navy for LRAD 1000Xi maritime systems. The order is part of the Navy's ongoing initiative to replace first-generation LRADs with new extended range communication and ship protection systems.

The LRAD 1000Xi systems will be deployed on Navy surface combatants, large amphibious ships, and aircraft carriers. These systems provide clear communication up to 3,000 meters in extreme maritime conditions, enabling ship-to-ship communication, vessel exclusion zones establishment, and various maritime security operations. The systems are currently used by the U.S. Military and over 30 international Navies and Coast Guards.

Genasys Inc. (NASDAQ: GNSS) has announced a strategic partnership with samdesk to enhance its emergency response capabilities. The collaboration combines Genasys' protective communication solutions with samdesk's AI-powered crisis detection platform to provide faster and more informed emergency response solutions. The partnership enables real-time intelligence on critical events, often detecting them before mainstream sources, while allowing for quick multi-channel protective communications. This integrated solution serves various sectors including government, public safety, education, enterprise, energy, utilities, manufacturing, automotive, and healthcare. The partnership aims to provide enhanced situational awareness and faster response times for emergency managers, public safety leaders, and enterprise security teams.

Genasys Inc. (NASDAQ: GNSS) reports growing demand for its CONNECT platform, a secure communications solution for government and law enforcement, following the 'Signalgate' controversy involving federal officials' use of Signal messaging app. CONNECT, now deployed across 41 states and over 500 agencies, offers fully compliant, encrypted messaging with features ensuring data ownership, transparency, and legal compliance. The platform has seen increased interest from public safety leaders nationwide, with Chief Jeff Halstead noting its effectiveness during recent national protests. Key advantages include heavy encryption, agency-controlled data, fortified team chats, screenshot protection, and full compliance with FOIA, CJIS/FBI, public records retention laws, and HIPAA requirements.

Genasys Inc. (NASDAQ: GNSS) has provided an update on its $75 million contract with Puerto Rico Electric Power Authority (PREPA) for implementing an Emergency Warning System (EWS) for 37 dams. The project is divided into 7 groups, with the first three groups valued at over $36 million. While two deposits (60% of group value) have been received, a partial deposit for the third group was received on May 16th, with the remainder expected in coming weeks. Construction began in April 2025, with shipments for the first three groups starting in May. The company expects the majority of revenues from the first three groups to be recognized in the September quarter, with initial revenue recognition on equipment delivery at zero margin, followed by profit recognition during implementation.

Genasys Inc. (NASDAQ: GNSS) reported fiscal Q2 2025 results with revenue of $6.9 million, up 21% from $5.7 million in Q2 2024. The company posted a GAAP net loss of ($6.1) million, or ($0.14) per share, improving from ($7.0) million in Q2 2024. Software revenue increased 29% while hardware revenue grew 17%. The company secured $4 million in bridge financing and has access to an additional $4 million. Genasys has begun implementing the Puerto Rico Early Warning System project, expecting $15-20 million in related revenue in fiscal 2025. Notable achievements include $2.5 million in LRAD bookings with US Military and $1.0 million in LRAD orders for Critical Infrastructure Protection. Hardware bookings through March increased 48% year-over-year, with current hardware backlog exceeding $12 million. CFO Dennis Klahn announced his intention to retire.

Genasys Inc. (NASDAQ: GNSS) announced that CFO Dennis Klahn will retire by the end of the current fiscal year, concluding a 45-year career in accounting and finance. Klahn, who has served as CFO since September 2017, will remain in his position until a successor is chosen and assist with the transition. Under his tenure, Genasys transformed from a hardware systems supplier to a global provider of unified SaaS and hardware Protective Communications solutions.

During Klahn's 8-year CFO role, the company achieved significant milestones, including: facilitating four software company acquisitions, expanding operations from 45 to over 200 employees, establishing offices in Europe and the Middle East, increasing SaaS sales for three consecutive fiscal years, and extending sales presence to more than 100 countries. The Board has initiated a comprehensive search process with an executive search firm to find his successor.

Genasys Inc. (NASDAQ: GNSS) has partnered with ShakeAlert to integrate Earthquake Early Warning (EEW) into its Protective Communications platform. ShakeAlert, managed by the U.S. Geological Survey (USGS), detects significant earthquakes and estimates expected shaking. The system will enable Genasys' ACOUSTICS systems to deliver alerts several seconds before strong shaking begins.

This partnership joins Genasys' existing collaborations with FEMA's IPAWS, National Weather Service, ESRI's ArcGIS, FloodMapp, and AlertWildfire, enhancing their emergency management ecosystem. The integration aims to improve public safety through early warning systems and automated responses such as slowing trains and closing water valves.

Genasys Inc. (NASDAQ: GNSS), a global leader in Protective Communications, has announced it will release its fiscal second quarter 2025 financial results after market close on Tuesday, May 13, 2025. The company will host a conference call to discuss the results at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time on the same day.

Investors can join via toll-free number (888) 390-3967 for U.S. & Canada, or international number (862) 298-0702. Questions for management can be submitted in advance to ir@genasys.com. A webcast replay will be available approximately four hours after the presentation through the Events & Presentations page on the company's website.