Genasys Inc., a communication company, designs, develops, and commercializes directed and multidirectional sound technologies, voice broadcast products, and location-based mass messaging solutions for emergency warning and workforce management worldwide. The company operates through two segments, Hardware and Software. It provides long range acoustic devices, such as acoustic hailing devices which are used to project sirens and audible voice messages; and Genasys Emergency Management, a unified software platform for cloud, on-premise or hybrid operations. The company also offers Integrated Mass Notification Solutions, including Genasys voice arrays, which project sirens and audible voice messages 60° - 360° with vocal clarity from close range to approximately 14 square kilometers; and GEM software to deliver SMS, text, email, and social media alerts to people at risk in defined geographic areas. It sells its products directly to governments, militaries, end-users, and commercial companies. The company was formerly known as LRAD Corporation. Genasys Inc. is based in San Diego, California.
IPO Year:
Exchange: NASDAQ
Website: genasys.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/16/2021 | $8.00 | Overweight | Stephens & Co. |
Genasys Participating at ROTH 13th Annual Technology Conference Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced plans to release financial results for its fiscal year ended September 30, 2024, after the market close on Monday, December 9, 2024. A conference call to discuss the fiscal year 2024 financial results will be held at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time. Conference call details: Date: December 9, 2024 Time: 4:30 p.m. Eastern / 1:30 p.m. Pacific Toll-Free Dial-In Number: (888) 390-3967 (U.S. & Canada) International Dial-In Number: (862) 298-0702 Webcast: https://app.webinar.net/gwlAD37D8WY Please dial in 10 minutes prio
SAN DIEGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced a four-year contract with Los Angeles County (LA County) for Genasys ALERT (ALERT) mass notification software services. LA County's successful use of Genasys EVAC (EVAC) emergency evacuation management services since 2022 led to the County's decision to replace its previous mass notification provider with ALERT to enhance public safety for the county's 9.8 million residents and 50 million annual visitors during wildfires and other disasters. "ALERT and EVAC will unify and enhance LA County's emergency response planning, mass notification, and evacuation
SAN DIEGO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced it has been awarded a four-year contract by the Maui Emergency Management Agency (MEMA) to provide Genasys EVAC ("EVAC") and TRAFFIC AI by Ladris ("TRAFFIC AI") for the island of Maui. This announcement is an important milestone in public safety and emergency management for the island, which faced devastating wildfires in Lahaina and several Upcountry areas in August 2023. "MEMA's contract award to Genasys marks a significant step forward in our efforts to enhance disaster preparedness and emergency management in Maui County," said Mayor Richard Bisse
SAN DIEGO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced an LRAD 950NXT integrated surveillance, security, and first response systems order from the U.S. Bureau of Reclamation for Hoover Dam. Genasys' LRAD systems have provided Hoover Dam critical infrastructure protection (CIP) and dam security capabilities since 2016. "Upgrading to 950NXTs strengthens security around Hoover Dam and enhances safety in the Lake Mead and Lake Mohave (Colorado River) restricted water areas by keeping boaters and fishermen away from the dam," said Richard Danforth, Chief Executive Officer of Genasys. "Our 950NXT's field upgrad
SAN DIEGO, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced a new law enforcement LRAD order for a West African country and a follow-on defense order from Damen Schelde Naval Shipbuilding B.V. (Damen). LRAD systems will be mounted on police vehicles and used by law enforcement in the West African country for public safety operations and crowd communication. From an order announced in June, Damen has exercised the option to outfit two more German Navy F-126 frigates with multiple LRAD 950NXT systems. "International LRAD business continues to rebound with these orders and the EU, Middle East, and APAC orders anno
SAN DIEGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced a multi-year contract with the State of Oregon's Office of Resilience and Emergency Management (OREM) for Genasys EVAC (EVAC) emergency response planning and evacuation management software. The new contract provides EVAC advanced evacuation software to all of Oregon's 36 counties and nine Tribes to manage emergency evacuations more effectively across the state. As Oregon deals with more frequent and severe disasters, EVAC software empowers emergency services to quickly create and update evacuation plans, run realistic simulations, and respond faster
SAN DIEGO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced an order from the Alabama-Coushatta Tribe of Texas for Genasys ACOUSTICS (ACOUSTICS) systems to enhance public safety and protect tribal members, visitors, and tourists on its reservation. The Deep East Texas Council of Governments is currently using Genasys Protect as its multi-agency mass notification solution, serving as a unified system for 11 counties and many municipalities in the same region where the Alabama-Coushatta Tribe of Texas is located. Richard Danforth, Chief Executive Officer of Genasys, said, "ACOUSTICS installations integrated with
SAN DIEGO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced an order from the Port of Houston to upgrade its PortAlert system with Genasys Protect EDGE 800 Power and Control cabinets. Genasys has been providing the Port of Houston critical infrastructure protection and emergency management systems since 2017. "Genasys ACOUSTICS, fully integrated with Genasys ALERT, is the foundation of the Port of Houston's comprehensive PortAlert system that provides crystal clear voice messages, instructions, and warnings throughout the port's outdoor area," said Richard Danforth, Chief Executive Officer of Genasys. "Upgrad
SAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), a global leader in Protective Communications, today announced the signing of a definitive agreement with the Puerto Rico Electric Power Authority (PREPA) to implement Genasys' Emergency Warning System (EWS) across 37 dams, safeguarding hundreds of thousands of residents and visitors from potential flood threats. The project, fully funded by the U.S. Federal Emergency Management Agency (FEMA), underscores Genasys' commitment to enhancing public safety through advanced technology. For its portion, Genasys expects to recognize approximately $75 million in revenue over the term of the project. Earlier today, Genasys' CEO
SAN DIEGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the leader in Protective Communications, today announced financial results for the Company's fiscal third quarter ended June 30, 2024. Richard S. Danforth, Chief Executive Officer of Genasys, Inc., commented, "Genasys is making positive progress across each of its end markets. The large, announced projects with PREPA and the US Army provide long-term confidence in our hardware business. The recent improvement in international bookings also lends confidence that the broader hardware business is stabilizing." Mr. Danforth continued, "As has been the case all year, our software business continues to track in line with
Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced a new Genasys EVAC (EVAC) contract with Santa Barbara County. Santa Barbara joins 36 other California counties in deploying EVAC, a revolutionary, zone-based crisis response and alerting solution, to enhance the safety of residents and visitors during critical events.
Damen will outfit four frigates with multiple LRAD 950NXT systems, with an option to outfit two additional frigates. The first shipment is scheduled this September with further shipments in fiscal years 2025 and 2026
Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced new and follow-on defense orders from the Middle East. The follow-on order is part of a previously announced foreign military sales (FMS) contract award to deploy LRAD systems on shore installations and naval ships. The combined value of the original award and the follow-on order is over $2.7M.
Gainers Genasys (NASDAQ:GNSS) stock rose 10.0% to $2.2 during Tuesday's after-market session. The company's market cap stands at $96.8 million. As per the news, the Q2 earnings report came out today. AEye (NASDAQ:LIDR) shares rose 9.75% to $2.7. The company's market cap stands at $17.5 million. As per the news, the Q1 earnings report came out today. Sonim Technologies (NASDAQ:SONM) stock increased by 7.75% to $0.62. The company's market cap stands at $29.1 million. Mobix Labs (NASDAQ:MOBX) stock rose 4.99% to $3.36. The market value of their outstanding shares is at $90.2 million. The company's, Q2 earnings came out today. 908 Devices (NASDAQ:MASS) stock increased by 4.89% to $7.5. The
Genasys (NASDAQ:GNSS) reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.12) by 33.33 percent. This is a 77.78 percent decrease over losses of $(0.09) per share from the same period last year. The company reported quarterly sales of $5.74 million which missed the analyst consensus estimate of $6.67 million by 13.96 percent. This is a 48.82 percent decrease over sales of $11.21 million the same period last year.
Gainers MariaDB (NYSE:MRDB) stock increased by 125.8% to $0.51 during Tuesday's after-market session. The market value of their outstanding shares is at $34.5 million. Ncino (NASDAQ:NCNO) shares increased by 12.25% to $33.88. The company's market cap stands at $3.8 billion. The company's, Q4 earnings came out today. Genasys (NASDAQ:GNSS) shares increased by 6.96% to $2.61. The market value of their outstanding shares is at $114.9 million. Iveda Solutions (NASDAQ:IVDA) stock rose 6.28% to $0.87. The company's market cap stands at $14.0 million. Semilux International (NASDAQ:SELX) shares increased by 6.06% to $1.4. The market value of their outstanding shares is at $58.9 million. Smith M
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Stephens & Co. initiated coverage of Genasys with a rating of Overweight and set a new price target of $8.00
Oppenheimer resumed coverage of Genasys with a rating of Buy and set a new price target of $9.00
SAN DIEGO, July 11, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced that it has completed a deliberate reconstitution of its Board of Directors with the appointment of Mark Culhane. Chaired by Rick Osgood, the current Board consists of five outside, independent directors and the Company's CEO, Richard Danforth. Mr. Culhane takes over the vacant Audit Committee Chair position, leveraging more than 30 years of executive finance experience in both public and private companies. Concurrent with Mr. Culhane's addition, existing board member, Caltha Seymour has resigned her position. After working with Price Waterhouse for 10 y
SAN DIEGO, May 14, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in protective communications, today announced that both Bill Dodd, and Craig Fugate have been nominated to and have accepted positions on Genasys' Board of Directors. The addition of Mr. Dodd and Mr. Fugate bolsters Genasys' leadership team with unique expertise in emergency management and public sector procurement processes. Senator Dodd brings more than 20 years of state and local government experience. Starting out as a small business owner, Senator Dodd began his public service with 15 years on the Napa County Board of Supervisors, eventually progressing to the state Assembly in 2014 and ultimate
SAN DIEGO, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in protective communications systems and solutions, today announced that it has completed the acquisition of Evertel Technologies, the leading cross-agency collaboration platform for public safety. "As the complexity, intensity, and frequency of disasters increase, mass notification is no longer adequate. Protective communications must be a stronger, strategic pillar that incorporates planning and collaboration across first responder agencies while also efficiently relaying that information to the affected community" said Richard Danforth, Chief Executive Officer of Genasys Inc. "Evertel's solut
SAN DIEGO, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in critical communications systems and solutions, today announced the appointment of Dennis Walsh as the Company's Chief Revenue Officer (CRO). Mr. Walsh has more than 25 years of senior leadership experience in software business development, sales and marketing. Richard S. Danforth, Chief Executive Officer, Genasys Inc. said, "Dennis' experience building and running successful technology and software-as-a-service (SaaS) companies, makes him the ideal choice to serve as CRO and lead our sales and marketing teams. He has established high performing sales, marketing and support organizations, spearh
SAN DIEGO, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in critical communications systems and solutions, today announced Susan Lee and Caltha Seymour have been appointed to the Company's Board of Directors (Board) effective September 1, 2021. "We welcome Ms. Lee and Ms. Seymour to the Company's Board," said Richard Danforth, Chief Executive Officer of Genasys Inc. "They each bring extensive senior executive experience from diverse business backgrounds that will be most beneficial in expanding our worldwide business and increasing shareholder value." Ms. Lee brings more than 20 years of experience in digital marketing software, media, data analytics
SAN DIEGO, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions, today announced it has opened offices in Singapore and Dubai as part of the Company's ongoing regional expansion. The offices are staffed with business development professionals with extensive regional sales experience in Southeast Asia, the Middle East, Africa and Central Asia. “While the pandemic has severely impacted international business travel, in-person meetings and trade shows, it has significantly increased interest in mass notification solutions and LRAD® systems,” said Richard S. Danforth, Chief Executive Officer, Genasys Inc. “To mee
Genasys Participating at ROTH 13th Annual Technology Conference Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced plans to release financial results for its fiscal year ended September 30, 2024, after the market close on Monday, December 9, 2024. A conference call to discuss the fiscal year 2024 financial results will be held at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time. Conference call details: Date: December 9, 2024 Time: 4:30 p.m. Eastern / 1:30 p.m. Pacific Toll-Free Dial-In Number: (888) 390-3967 (U.S. & Canada) International Dial-In Number: (862) 298-0702 Webcast: https://app.webinar.net/gwlAD37D8WY Please dial in 10 minutes prio
SAN DIEGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the leader in Protective Communications, today announced financial results for the Company's fiscal third quarter ended June 30, 2024. Richard S. Danforth, Chief Executive Officer of Genasys, Inc., commented, "Genasys is making positive progress across each of its end markets. The large, announced projects with PREPA and the US Army provide long-term confidence in our hardware business. The recent improvement in international bookings also lends confidence that the broader hardware business is stabilizing." Mr. Danforth continued, "As has been the case all year, our software business continues to track in line with
SAN DIEGO, July 23, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced plans to release financial results for its fiscal third quarter, ended June 30, 2024, after the market close on Tuesday, August 6, 2024. A conference call to discuss the fiscal third quarter 2024 financial results will be held at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time. Conference call details: Date: August 6, 2024Time: 4:30 p.m. Eastern / 1:30 p.m. Pacific Toll-Free Dial-In Number: (888) 390-3967 (U.S. & Canada)International Dial-In Number: (862) 298-0702Webcast: https://app.webinar.net/awpEXDdXLYd Please dial in 10 minutes prior to the start
Increased Scope in Puerto Rico Expands Opportunity to $75 million CROWS 16 Program Established SAN DIEGO, May 14, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the leader in Protective Communications, today announced financial results for the Company's fiscal second quarter ended March 31, 2024. Richard S. Danforth, Chief Executive Officer of Genasys, Inc., commented, "Genasys is finally turning the corner. The previously announced project in Puerto Rico has been expanded to $75 million and the final terms and conditions are expected to be completed before the end of our fiscal third quarter. Additionally, the CROWS 16 program, which is included in the U.S. 2024 DoD budget, prov
SAN DIEGO, April 25, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in protective communications, today announced plans to release financial results for its fiscal second quarter, ended March 31, 2024, after the market close on Tuesday, May 14, 2024. A conference call to discuss the fiscal second quarter 2024 financial results will be held at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time. Conference call details: Date: May 14, 2024Time: 4:30 p.m. Eastern / 1:30 p.m. Pacific Toll-Free Dial-In Number: (888) 390-3967 (U.S. & Canada)International Dial-In Number: (862) 298-0702Webcast: https://www.webcaster4.com/Webcast/Page/1375/50525 Please dial in 10 minute
SAN DIEGO, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the leader in Protective Communications, today announced financial results for the Company's fiscal first quarter ended December 31, 2023. Richard S. Danforth, Chief Executive Officer of Genasys, Inc., commented, "The vision of Genasys Protect is beginning to be realized. Yesterday's announcement describing the integrated use of Genasys' cloud-based software and hardware for 37 dams in Puerto Rico is only the most recent example of our differentiated approach to Protective Communications." Mr. Danforth continued, "Thus far in fiscal 2024, we have been selected for multi-year engagements with Los Angeles County, th
SAN DIEGO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in protective communications systems and solutions, today announced that it has been selected to engineer, procure and build an Emergency Warning System (EWS) for the hundreds of thousands of residents and visitors living downstream of 37 dams in Puerto Rico. The competitive award made by the Puerto Rico Electric Power Authority (PREPA) is fully funded by $94.3 million from the U.S. Federal Emergency Management Agency (FEMA). Genasys expects to recognize $60 million to $70 million in revenue over the term of the project. The Genasys ProtectTM platform enables early detection and communication of pote
SAN DIEGO, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in protective communications, today announced plans to release financial results for its fiscal first quarter, ended December 31, 2023, after the market close on Tuesday, February 13, 2024. A conference call to discuss the fiscal first quarter 2024 financial results will be held at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time. Conference call details: Date: February 13, 2024Time: 4:30 p.m. Eastern / 1:30 p.m. Pacific Toll-Free Dial-In Number: (888) 390-3967 (U.S. & Canada)International Dial-In Number: (862) 298-0702Webcast: https://www.webcaster4.com/Webcast/Page/1375/49779 Please dial in 10 m
SAN DIEGO, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the leader in Protective Communications, today announced financial results for the Company's fiscal fourth quarter and full year ended September 30, 2023. Richard S. Danforth, Chief Executive Officer of Genasys, Inc., commented, "As we announced in mid- September, our pipeline of hardware and software business continues to grow rapidly. This week's announcements include some of the business that we had expected in the September quarter. We expect that we will book each of the forecasted hardware orders that shifted out of our fiscal 2023. In the fourth quarter of fiscal 2023, recurring revenues in our software b
SAN DIEGO, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in protective communications systems and solutions, today announced plans to release financial results for its fiscal year, ended September 30, 2023, after the market close on Thursday, December 7, 2023. A conference call to discuss the fiscal year 2023 financial results will be held at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time. Conference call details: Date: December 7, 2023Time: 4:30 p.m. Eastern / 1:30 p.m. Pacific Toll-Free Dial-In Number: (888) 390-3967 (U.S. & Canada)International Dial-In Number: (862) 298-0702Webcast: https://www.webcaster4.com/Webcast/Page/1375/49520 Ple