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Genasys Inc. (NASDAQ: GNSS) is a global leader in Protective Communications Solutions and Systems designed to help keep people safe. Founded in 1980 and headquartered in San Diego, the company specializes in directed and multidirectional sound technologies, voice broadcast products, and location-based mass messaging solutions for emergency warning and workforce management. With its flagship Genasys Protect platform, the company offers a comprehensive portfolio of preparedness, response, and analytics software and systems.
Genasys initially captured attention with the development of the Long Range Acoustic Device® (LRAD®) in response to the 2000 attack on the USS Cole. The LRAD system revolutionized the acoustic hailing device market by delivering clear voice messages over long distances, which are now utilized globally for applications ranging from military deployments and maritime security to public safety and wildlife control.
The company's operations are segmented into Hardware and Software, with the majority of its revenue generated from the Hardware segment. Geographically, its primary revenue comes from the Americas, but it also maintains a significant presence in the Asia Pacific and EMEA regions.
Genasys' recent projects highlight its ongoing innovation and market influence. For instance, the company recently announced its involvement in Project AWARE, which aims to integrate the Galileo Emergency Warning Satellite Service (EWSS) into public warning systems. Genasys' LRADs and other technologies will be key components in this European initiative to enhance public safety during disasters.
Financially, Genasys is stable, backed by a secured loan agreement and strategic partnerships, including a recent collaboration with Telespazio France and the European Emergency Number Association for Project AWARE. The company continues to secure contracts with various governmental and enterprise clients, reflecting its robust market position and growth potential.
Genasys’ solutions are diverse and serve multiple sectors, including state and local governmental agencies, educational institutions, critical enterprise sectors such as oil and gas, utilities, manufacturing, and automotive, as well as federal governments and military organizations. Applications range from emergency warning and mass notification to critical event management, de-escalation for defense and law enforcement, and automated threat detection.
For over 40 years, Genasys has been protecting people and saving lives worldwide, covering over 70 million individuals across more than 100 countries. The company's dedication to innovation and public safety continues to position it as a foremost leader in the protective communications industry.
For more information, visit genasys.com.
Genasys Inc. (NASDAQ: GNSS) has been selected by Slovenia to implement its National Emergency Warning System (NEWS), designed to protect over 5 million residents and visitors. This system will use location-based SMS and cell broadcasts to meet EU public warning standards. NEWS can send alerts through multiple channels, including mobile apps and TV. Genasys aims to strengthen its position in the European market, backed by previous successes in Australia, where over 180 million SMS alerts have been sent since 2012.
Genasys Inc. (NASDAQ: GNSS) has secured a $1.97 million contract from the City of Berkeley, CA, for public safety mass notification and emergency warning systems. This contract enhances safety through integrated software and hardware solutions, including Integrated Mass Notification Systems (IMNS) and Zonehaven evacuation software. The project aims to deliver critical alerts to over 125,000 citizens, ensuring reliable communication during emergencies, even if power or telecommunications fail. This contract underscores Genasys’s commitment to public safety across various applications.
Genasys Inc. (NASDAQ: GNSS) plans to announce its fiscal first quarter results for the period ending December 31, 2021, on February 7, 2022, after market close. A conference call will follow at 4:30 p.m. Eastern Time (1:30 p.m. Pacific) to discuss these results. The company specializes in critical communications systems aimed at enhancing public safety and operates in over 100 countries. Genasys offers a range of solutions including mass notification systems and emergency management tools.
Genasys Inc. (NASDAQ: GNSS), a leader in critical communications systems, announced participation in the 2nd Annual Best Ideas Virtual Conference from February 8-11, 2022. CEO Richard Danforth and CFO Dennis Klahn are set to host a group presentation on February 8 at 2:30 p.m. ET, followed by one-on-one meetings with registered investors on February 10-11. This conference aims to showcase innovative ideas and facilitate investment discussions. For details or to register, visit here.
Genasys Inc. (NASDAQ: GNSS) has announced that four additional California counties have signed multi-year contracts for its Zonehaven software services. This expansion allows first responders and emergency services to access critical evacuation planning and real-time safety information, benefiting over 7.3 million residents statewide. Genasys' CEO emphasized the importance of providing tools for rapid evacuations, especially in light of increasing severe weather. The Zonehaven platform enhances evacuation coordination, significantly reducing the time required for public safety notifications.
Genasys Inc. (NASDAQ: GNSS) reported record fiscal fourth quarter revenue of $15 million, contributing to a full-year revenue of $47 million, an 8% increase from 2020. The company ended the fiscal year with a backlog of $36.1 million, up 217% from the previous year. However, net income dropped to $0.8 million compared to $9.4 million in Q4 2020 due to increased operating expenses. The firm is shifting towards a Software as a Service (SaaS) model, expecting a 50% growth in SaaS bookings year-over-year, while forecasting $9-$11 million increase in operating expenses for fiscal 2022.
Genasys Inc. (NASDAQ: GNSS) has announced upcoming participation in two significant investor conferences: the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, and the Imperial Capital 2021 Security Investor Conference on December 15, 2021. CEO Richard S. Danforth and CFO Dennis Klahn will host virtual meetings and in-person presentations, offering insights into the company's critical communications systems aimed at enhancing public safety. Interested parties can register for the events through their respective representatives.
Genasys Inc. (NASDAQ: GNSS) announced the resignation of Daniel H. McCollum from its Board of Directors effective November 11, 2021. McCollum will now serve on the Strategic Advisory Board. Under his tenure since 2016, the company made three acquisitions, launched critical software solutions, and achieved a revenue growth of over double digits CAGR alongside a more than 225% increase in share price. His transition is expected to enhance the company's revenue growth and shareholder value.
Genasys Inc. (NASDAQ: GNSS) announced plans to release its financial results for the fiscal year ending September 30, 2021, on November 22, 2021, after market close. A conference call will follow at 4:30 PM ET to discuss these results. Genasys is recognized for its critical communications systems that enhance public safety through geo-targeted alerts. Their technology is utilized in over 100 countries, serving sectors such as defense and emergency management.
Genasys Inc. (NASDAQ: GNSS) announced that the Green Bay Packers are utilizing its Genasys Emergency Management (GEM) software for improved safety and communication at Lambeau Field. This multi-year contract, initiated in 2016, aims to enhance stadium security by delivering real-time updates and emergency notifications via SMS, email, and other channels. CEO Richard S. Danforth emphasized GEM's unique integration with physical security systems, which supports mobile panic buttons and emergency alerts. The unified platform is designed to ensure robust communication during critical situations.
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