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. will showcase its Unified Critical Communications Platform at the Smart City Expo World Congress from November 15-17 in Barcelona. Selected by the U.S. Commercial Service, Genasys aims to demonstrate its innovative technologies for improving urban safety. CEO Richard Danforth highlighted the event as a key opportunity to connect with government officials and city planners, showcasing solutions like GEM, Zonehaven, IMNS, and LRAD. Genasys’ platform aims to enhance public safety for millions across over 100 countries.
Genasys Inc. has partnered with the Spanish Firefighters Association (ASELF) to enhance civil protection against wildfires, flooding, and other emergencies. As wildfires in Spain rise in frequency and intensity, Genasys aims to support firefighters and civil protection administrations through its Genasys Emergency Management (GEM) platform. This system provides geo-located alerts to at-risk populations via various communication channels, while also incorporating Zonehaven for faster evacuation. Genasys is committed to improving public safety and has systems operational in over 100 countries.
Genasys Inc. (GNSS) announced new contracts for its Genasys Emergency Management (GEM) software, specifically tailored for utility applications. Key clients include Golden State Water Company, Florida Municipal Power Agency, and NW Natural, enhancing real-time safety alerts for over 3 million customers. GEM enables multiple communication channels to deliver timely information on service outages and maintenance. CEO Richard Danforth noted a diverse customer base across several verticals, highlighting GEM's role in increasing safety and information clarity amidst growing global risks.
Genasys Inc. (NASDAQ: GNSS) announced a new software-as-a-service (SaaS) contract with a North American division of a global auto manufacturer, marking its second automotive sector client. The GEM software will enhance critical communications, delivering safety alerts to employees across the U.S., Canada, and Mexico. This multi-year agreement includes features like a custom mobile app, automated weather alerts, and comprehensive reporting capabilities. The contract emphasizes the company's growth in the automotive sector, empowering businesses to protect their workforce during emergencies.
On September 21, 2022, Genasys Inc. (NASDAQ: GNSS) announced a multi-year contract for its Genasys Emergency Management (GEM) software-as-a-service (SaaS) with Colorado's West All Hazards Region. The GEM system will replace a competitor's service and is aimed at enhancing public safety during various emergencies, including wildfires and severe weather. CEO Richard Danforth highlighted the importance of GEM in safeguarding Colorado's communities, which are prone to year-round fire seasons. This agreement follows Genasys' previous contract with Colorado Springs, indicating growing adoption of its SaaS solutions in the region.
Genasys Inc. (NASDAQ: GNSS) has announced participation in key investment conferences on October 13 and October 25, 2022. CEO Richard Danforth and CFO Dennis Klahn will present at the MicroCap Rodeo - Windy City Roundup in Chicago and the LD Micro Main Event XV in Los Angeles, respectively. Both events will include presentations and one-on-one meetings. The presentations are set to be webcast, with links available on Genasys' Investor Relations webpage in October. Genasys specializes in critical communication systems, providing services to over 100 countries.
Genasys Inc. (NASDAQ: GNSS) announced new multi-year software-as-a-service (SaaS) contracts covering over 500,000 residents, students, staff, and faculty. Key contracts are from Pinal County, Arizona, and the Housing Authority of New Orleans, aimed at improving emergency management during disasters. The University of California, Irvine also expanded its Genasys usage with additional evacuation resources. Genasys Emergency Management (GEM) will enhance safety communication across multiple channels, benefiting millions in multiple states and countries.
Genasys Inc. announced its participation at the BCI World Hybrid event on November 2-3, 2022, in London, where it will demonstrate its next-generation Genasys Emergency Management (GEM) platform. This platform integrates software, hardware, and geo-data analytics to enhance crisis communication and public safety. The GEM platform provides real-time alerts and evacuation resources through various channels, thereby improving response times during emergencies. With a diverse customer base, Genasys aims to address the growing demand for effective safety solutions in a hazardous world.
Genasys Inc. (NASDAQ: GNSS) reported a 12% year-over-year revenue increase, reaching $14.2 million for the fiscal third quarter ended June 30, 2022. Software-as-a-service revenue surged by 144% compared to Q4 2021, driven by Zonehaven's expansion. The first nine months saw a 19% increase in revenue to $38 million. However, the company faced a net loss of $0.6 million this quarter due to higher operating expenses. Genasys maintains a backlog of $30 million, supporting a positive outlook for continued revenue growth.
On August 10, 2022, Genasys Inc (NASDAQ: GNSS) celebrated over 20 years on Nasdaq by having CEO Richard S. Danforth ring the closing bell. This event highlights the company's advancements in critical communications systems aimed at public safety during emergencies. Genasys delivers unified solutions, including its Emergency Management platform and long-range communication systems, now deployed in over 100 countries. Danforth expressed gratitude to customers and employees for their support in enhancing safety against crises like natural disasters and active shooter situations.
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?
