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) has secured $1.0M in orders for its LRAD (Long Range Acoustic Device) systems to protect critical infrastructure in multiple locations. The orders include installations at oil and gas facilities in Australia and Canada, and electrical substations of a major U.S. utility.
The announcement comes amid rising security concerns, with the U.S. Department of Energy reporting 175 instances of physical attacks or threats against grid infrastructure in 2023. The company's LRAD 950NXT systems will be integrated with existing security systems at select substations, addressing the six security requirements established by the North American Energy Reliability : Detect, Assess, Communicate, Respond, Delay, and Deter.
This marks the second regional utility to implement LRAD systems for substation security. The technology provides first-response capability by broadcasting alerts and warnings, enhancing traditional observe-only security installations across 1,500 CIP-014 electrical substations in the U.S.
Genasys Inc. (NASDAQ: GNSS) addresses the recent Signal app controversy in the US government's Executive branch by highlighting their secure alternative, Genasys CONNECT. The company criticizes the use of Signal by US intelligence and military leaders, emphasizing that their platform offers a compliant solution for government communications.
Jeff Halstead, Genasys Senior Director of Strategic Accounts and former Chief of Police, introduces Genasys CONNECT's features including:
- Heavily encrypted messaging across all devices
- Agency-controlled data ownership
- Fortified team chats with logging and tracking
- FOIA, CJIS/FBI, public records retention, and HIPAA compliance
- Immutable message history
The company warns that approximately 90% of police departments reportedly use Signal for sensitive operations, which they claim is illegal for sharing criminal justice information. Genasys positions their platform as a secure and compliant alternative to Signal for government communications.
Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications, has announced a strategic partnership with FloodMapp, a market leader in operational flood forecasting and intelligence solutions. The collaboration integrates Genasys' all-hazards preparedness and multichannel alerting platform with FloodMapp's forecasting technology.
The partnership aims to enhance emergency response capabilities by enabling emergency managers to:
- View predicted flood impact areas
- Overlay them with evacuation zones
- Make faster, data-driven decisions
- Coordinate timely evacuations
This integration is particularly important in fire-prone areas like California and Australia, where the fire-flood cycle creates dangerous flood and debris flow risks downstream of burn-scarred areas. The companies will host a webinar on March 19, 2025, titled 'Elevating the Standard for All-Hazard Safety' to showcase their combined solution.
Genasys Inc. (NASDAQ: GNSS) reported fiscal Q1 2025 results with revenue of $6.9 million, up 59.1% from $4.4 million in Q1 2024. The company posted a GAAP net loss of ($4.1) million, or ($0.09) per share, improved from ($6.7) million, or ($0.15) per share in the prior year.
Software revenue increased 63.5% with recurring revenue up 68.7%, while hardware revenue grew 57.1%. Gross profit margin improved to 45.8% from 33.9% year-over-year. The company received over $10 million in cash deposits for Puerto Rico dams project, with $8.3 million received during Q1 and an additional $2.2 million post-quarter.
The company highlighted its role in recent Los Angeles fires, where its Genasys Protect system supported evacuation efforts. With a record $40 million backlog entering fiscal 2025, primarily tied to the Puerto Rico project, management expects substantial growth in both top and bottom lines compared to the previous year.
Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications, has announced it will release its fiscal first quarter 2025 financial results after market close on Tuesday, February 11, 2025. The company will host a conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time to discuss the results.
Investors can access the call through toll-free numbers for U.S. & Canada (888) 390-3967 or international dial-in (862) 298-0702. The call will also be available via webcast. Questions for management can be submitted in advance via email to ir@genasys.com. A replay will be accessible approximately four hours after the presentation through the company's website.
Genasys Inc. (NASDAQ: GNSS) reported significant achievements for FY 2024, including record bookings of $111 million and a 12-month backlog exceeding $40 million. Key wins include a $75 million Puerto Rico dams project and major orders from Los Angeles County, Oregon, and New Hampshire.
The company's software business enters FY 2025 with an Annual Recurring Revenue (ARR) of $8.3 million. Genasys CONNECT has expanded to over 250 clients with 31,000+ active users, protecting more than 50 million people across the U.S. International hardware bookings saw an 86% year-over-year increase in FY 2024, driven by renewed LRAD demand from naval, defense, and law enforcement agencies globally.
Genasys Inc. (NASDAQ: GNSS) reported challenging fiscal 2024 results with revenue declining to $24.0 million from $46.7 million in fiscal 2023. Despite financial challenges, the company achieved record bookings of $111 million and enters fiscal 2025 with a $40 million backlog. The significant $75 million Puerto Rico dam contract and improving software bookings highlight positive developments.
Q4 2024 showed revenue of $6.7 million (down 37% YoY) with a GAAP net loss of ($11.4) million. Software revenue grew 92.4% while hardware revenue decreased 51.9%. The company maintains $13.1 million in cash and equivalents as of September 30, 2024, and expects substantial growth in 2025 driven by hardware bookings and software expansion.
Genasys Inc. (NASDAQ: GNSS) has secured a three-year, $3.35 million follow-on maintenance agreement for LRAD systems deployed by the Indian Navy. This marks the third maintenance agreement for Indian Navy's LRADs, with total maintenance agreements reaching $13.8 million since 2010.
The company reports increasing LRAD deployments worldwide in defense, law enforcement, critical infrastructure protection, and maritime security applications, with recent orders from the EU, Middle East, APAC, and West Africa. The Indian Navy and other APAC naval forces utilize LRADs for anti-piracy, maritime security, and economic zone enforcement operations.
Genasys Inc. (NASDAQ: GNSS) has announced it will release its fiscal year 2024 financial results on December 9, 2024, after market close. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the results. Additionally, Genasys management will participate in the ROTH 13th Annual Technology Conference from November 19-20, 2024, in New York City, where they will conduct one-on-one and small group meetings with investors.
Genasys Inc. (NASDAQ: GNSS) has secured a four-year contract with Los Angeles County for its ALERT mass notification software services. This addition complements the county's existing use of Genasys EVAC emergency evacuation management services since 2022. The integrated system will serve LA County's 9.8 million residents and 50 million annual visitors across 4,000 square miles and 88 incorporated cities. ALERT provides geo-targeted emergency warnings and multi-channel, multi-language mass notification through various channels, including mobile push, IPAWS, text messaging, emails, voice calls, and social networks.