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) provides critical protective communications solutions through its LRAD systems and Genasys Protect software platform. This page serves as the definitive source for official company announcements, financial updates, and operational developments.
Investors and stakeholders will find timely updates on earnings reports, strategic partnerships, product innovations, and market expansion initiatives. Our curated collection ensures access to verified information directly from Genasys leadership and authorized channels.
Key content categories include quarterly financial results, emergency technology advancements, government contract awards, and strategic collaborations in public safety sectors. All materials maintain compliance with financial disclosure regulations.
Bookmark this page for efficient tracking of GNSS's evolving role in crisis communication technology and global emergency response infrastructure. For comprehensive analysis, combine these updates with SEC filings and investor relations materials.
Genasys (NASDAQ: GNSS) announced a $15 million two-year senior secured term loan with an institutional investor specializing in government contracts. Proceeds will support working capital, general corporate purposes, and a project in Puerto Rico. The loan is secured by the company's assets and has a 2% original issue discount. Interest is payable quarterly at the three-month SOFR plus 5%, with an option to pay partly in shares at a higher rate. The loan, due May 13, 2026, is prepayable at 101% of par in the first year and par thereafter. Genasys also issued approximately 3.1 million five-year warrants at $2.53 per share. ROTH Capital Partners was the placement agent for this transaction.
Genasys Inc. (NASDAQ: GNSS), the leader in Protective Communications, announced its fiscal second quarter 2024 results ended March 31, 2024. The company reported revenue of $5.7 million, a significant decrease from $11.2 million in 2Q 2023. GAAP net loss widened to $6.9 million from $3.4 million the previous year. Software revenue grew by 104%, whereas hardware revenue fell by 61%. The Puerto Rico dam project was expanded to $75 million. Genasys also secured a $15 million two-year term loan and is optimistic about future projects, despite lower-than-expected hardware revenues for fiscal 2024.
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