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 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 secured a $1.8 million order for long-range communication systems from a Southeast Asian country, targeting border security and public safety. The systems will be deployed by homeland security agencies. CEO Richard S. Danforth highlights the strong demand for these systems amid global security threats and notes the company's established presence in the Asia Pacific region. The LRAD systems are designed to enhance clarity in communications during emergencies, aiding law enforcement and public safety efforts.
Genasys Inc (NASDAQ: GNSS) is actively supporting communities affected by the Dixie Fire in Northern California. The company, through its Zonehaven platform, is providing emergency evacuation management software and volunteer support to first responders and residents. Approximately 12,000 individuals are currently under evacuation orders due to the wildfire, which has spread over 600,000 acres across five counties. Genasys emphasizes its commitment to keeping communities informed and safe by facilitating effective communication during emergencies.
Genasys Inc. (NASDAQ: GNSS) has appointed Susan Lee and Caltha Seymour to its Board of Directors, effective September 1, 2021. Ms. Lee brings over 20 years of experience in digital marketing and media, while Ms. Seymour has a strong background in global leadership across various industries, including her role at Eaton Corporation. Both appointments aim to leverage their expertise to enhance Genasys's strategic initiatives and shareholder value as the company approaches a record-setting year. Genasys is known for its critical communications solutions used globally for public safety.
Genasys Inc. (NASDAQ: GNSS) has secured a five-year public safety alert software services contract with Longueuil, Quebec, enhancing emergency communication for over 250,000 residents. The Genasys Emergency Management (GEM) software will deliver multilingual alerts via SMS, email, and phones, replacing an incumbent system due to superior mapping and management features. Integration with Canada's Alert Ready system will further ensure timely notifications. This development underscores Genasys's commitment to improving public safety through advanced technology in critical communication systems.
Genasys, a leader in critical communications, reported fiscal third quarter results for 2021, reflecting a revenue increase to $12.6 million, up from $11.9 million year-over-year. Bookings reached $44.3 million, setting the stage for record fiscal year-end backlog and revenue. Despite a net income decline to $0.3 million, attributed to increased operating expenses, the company showed substantial growth in international markets with revenue growth of 31% in Asia Pacific. The acquisition of Zonehaven aims to bolster future software sales and revenue growth.
Genasys Inc. (NASDAQ: GNSS) plans to release its fiscal third quarter financial results on July 28, 2021, after market close. A conference call will be held at 4:30 p.m. Eastern to discuss these results. Investors are encouraged to dial in 10 minutes prior to the start time.
The company specializes in critical communications systems, providing solutions for over 100 countries in various sectors such as emergency management and public safety.
Genasys Inc. (NASDAQ: GNSS) has renewed its multi-year contract for GEM software services with Lambton College and announced new Integrated Mass Notification System (IMNS) installations at George Mason University and the University of Louisiana at Lafayette. The IMNS provides life-saving communications, enhancing campus safety during critical events. CEO Richard S. Danforth emphasized the importance of real-time alerts in protecting students and staff. The GEM platform supports scalable emergency communication solutions, integrating various notification channels for effective campus security.
Genasys Inc. (NASDAQ: GNSS) announced $3 million in LRAD systems orders aimed at enhancing public safety and security in the U.S. and Africa. The demand for these systems is driven by increased border and homeland security threats. Additionally, Mansour Karam has been appointed Director of Business Development for Northern and Sub-Saharan Africa to address regional needs. Karam, fluent in Arabic, French, and English, has extensive experience in boosting distribution networks and securing major deals in his previous roles.
Genasys Inc. (NASDAQ: GNSS) announced $1.0 million in international orders for its LRAD 1000Xi systems, aimed at enhancing security for offshore oil platforms in Nigeria and wildlife preservation in Canada. These systems will aid in warning away potential threats and reduce wildlife fatalities in hazardous areas. CEO Richard S. Danforth highlighted the effectiveness of LRAD's communication capabilities, which can broadcast messages up to 5,000 meters. The technology is widely utilized across various sectors globally, ensuring safety in critical situations.
Genasys Inc. (NASDAQ: GNSS) has announced the deployment of its Zonehaven emergency evacuation software in Alameda County, California, covering 1.7 million residents with 1,076 evacuation zones. This is part of a multi-year contract aimed at enhancing emergency response capabilities. The Zonehaven platform provides real-time data for planning evacuations during severe fire seasons and other disasters. Genasys serves over 200 cities and numerous public safety agencies, underscoring its commitment to improving public safety through technology.
FAQ
What is the current stock price of Genasys (GNSS)?
What is the market cap of Genasys (GNSS)?
What does Genasys Inc. specialize in?
What is the Genasys Protect platform?
What is LRAD?
How does Genasys generate its revenue?
What recent projects has Genasys been involved in?
Who are Genasys' main clients?
What is the significance of the recent loan agreement for Genasys?
How does Genasys contribute to public safety?
Where can I find more information about Genasys?
What are the applications of Genasys' protective communication solutions?
