Genasys Inc.

Genasys, Inc. engages in the provision of critical communications hardware and software solutions and a multi-channel approach to deliver geo-targeted alerts, notifications, instructions, and information before, during, and after public safety threats and critical business events. Its communications platform includes Genasys Emergency Management (GEM) applications, National Emergency Warning Systems (NEWS), and LRAD long-range voice broadcast systems. The firm operates through the following segments: Hardware and Software. The company was founded by Elwood G. Norris in 1980 and is headquartered in San Diego, CA.

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Genasys Inc. reports strong international growth and SaaS award win

Genasys Inc. saw strong international performance and a significant SaaS award win from Aramco, driving growth in fiscal '23.
While facing challenges with increased operating expenses and a decline in revenue, the company is focused on expanding its SaaS business.
Opportunities lie in leveraging the Aramco deal, showcasing the combined platform, and redefining mass notification for emergent situations.
Efficient cash management and successful integration of Zonehaven with GEM are crucial for future success and revenue growth.

Genasys Inc. reports Q2 revenue decline but anticipates EBITDA growth

Genasys Inc. navigated challenges in Q2 2023 with a focus on software revenue growth and strategic investments, positioning for future success.
While facing revenue declines and margin pressures, the company's emphasis on innovation and market positioning reflects resilience and adaptability.
Anticipated positive adjusted EBITDA in the second half of fiscal 2023 signals operational improvements and potential for financial recovery and growth.
Engagement with key clients and upcoming sales initiatives offer avenues for revenue expansion and market development, despite current challenges.

Genasys Inc. reports mixed Q3 results, focuses on software growth

Genasys Inc. delivered a mixed performance in Q3 2023, with strong software revenue growth offset by delays in hardware bookings and inflationary pressures impacting margins.
The company's strategic focus on software solutions and the successful launch of Genasys Protect position it well for future growth and market expansion.
While facing short-term challenges, Genasys maintains a solid financial position and has opportunities to capitalize on market demand for emergency planning solutions.
Efficient cost management, operational optimization, and leveraging its cash reserves will be crucial for Genasys to navigate challenges and drive sustainable growth.

Genasys Inc. reports Q4 challenges, eyes software growth in 2024

Genasys Inc. navigated challenges in Q4 2023, with software performing well but hardware facing delays, prompting strategic responses.
The company's focus on software growth, strategic acquisitions, and partnerships positions it for revenue expansion and market competitiveness.
Despite setbacks, Genasys aims for profitability and growth in fiscal 2024, leveraging opportunities in software, partnerships, and market recognition.
Addressing challenges in hardware and seizing opportunities in software and partnerships will be key for Genasys' success in the upcoming fiscal year.

Genasys Inc. reports mixed Q1 results, sees growth opportunities ahead

Genasys Inc. faces challenges with lower quarterly revenues but shows strength in increased hardware bookings and recurring software revenue growth.
The company's transition to a balanced hardware-software business model is progressing well, despite some financial hurdles.
Opportunities lie in the success of the Genasys Protect platform, the Puerto Rico project, and potential larger deals in the pipeline.
Overall, Genasys is navigating challenges while leveraging strengths and opportunities to drive future growth and profitability.

Genasys Inc. reports strong software growth but faces hardware revenue challenges

Genasys Inc. showcased strong growth in its software business but faced challenges with declining hardware revenues, resulting in an operating loss.
The company's strategic initiatives, new board members, and successful projects position it well for future growth and profitability.
With a focus on leveraging opportunities in key projects and markets, Genasys Inc. aims to enhance financial performance and operational efficiency.
Management's discussion of forward-looking statements and operational metrics reflects a proactive approach to driving sustainable growth and value for shareholders.

Genasys Inc. reports Q3 revenue dip, eyes international growth

Genasys Inc. navigated a mixed Q3 with revenue decline but software business growth. The company faces challenges with profitability amid rising expenses and revenue timing uncertainties. However, opportunities exist in international expansion and synergies between product lines.

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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.

Maui Emergency Management Agency Awards Genasys Multi-Year Contract for Emergency Alert and AI-Powered Traffic Management Solutions

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.

Genasys Receives ACOUSTICS Order from Alabama-Coushatta Tribe of Texas

Multi-channel emergency notifications to alert affected residents and visitors in nearby and downstream areas Multi-channel emergency notifications to alert affected residents and visitors in nearby and downstream areas

Genasys Inc. Signs Agreement to Deploy Emergency Warning System Across Puerto Rico's Dam Infrastructure

Genasys Inc. (NASDAQ:GNSS ) Q3 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Brian Alger – Senior Vice President-Investor Relations and Corporate Development Richard Danforth – Chief Executive Officer Dennis Klahn – Chief Financial Officer Conference Call Participants Vijay Devar – Northland Capital Scott Searle – Roth Capital Ed Woo – Ascendiant Capital Operator Good day, ladies and gentlemen, and welcome to the Genasys Inc. Fiscal Third Quarter 2024 Conference Call. All lines have been placed on a listen-only mode and the floor will be open for questions and comments following the presentation.

Genasys Inc. (GNSS) Q3 2024 Earnings Call Transcript

Genasys (GNSS) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.04 per share a year ago.

Genasys (GNSS) Reports Q3 Loss, Lags Revenue Estimates

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.

Genasys Inc. Reports Fiscal Third Quarter 2024 Financial Results

Genasys Clear Voice Speakers Providing Protective Communications for 3,700 Students on 76-Acre Campus Genasys Clear Voice Speakers Providing Protective Communications for 3,700 Students on 76-Acre Campus

Punahou School Replacing Campus Warning Sirens with Genasys ACOUSTICS Emergency Notification Systems

Genasys to Hold Law Enforcement Appreciation Event at Fenway Park, August 9, 2024 Genasys to Hold Law Enforcement Appreciation Event at Fenway Park, August 9, 2024

LRAD Hardware and CONNECT Software Synergies Surging Genasys' Public Safety Sales

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.

Genasys Completes Board of Directors Reconstitution

SAN DIEGO, June 25, 2024 (GLOBE NEWSWIRE) -- 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.

Genasys Lands $900K in LRAD Defense Orders from Middle East

SAN DIEGO, May 30, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications, is pleased to announce that the San Diego County regional area announced yesterday at a press conference the official launch of Genasys Protect EVAC, a cutting-edge emergency alerting solution that will enable citizens to receive timely updates during emergency situations. With peak fire conditions looming ahead, this region wide collaboration aims to bolster emergency communication efforts and ensure the safety of all residents. EVAC, which is currently deployed across 70% of California, will serve as the primary tool for quickly disseminating critical public safety information, including severe weather alerts, evacuation notices, missing person reports, and other essential updates to affected individuals within the region.

San Diego County Regional Public Safety Agencies Launch Genasys EVAC for Enhanced Emergency Communication

SAN DIEGO, May 21, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the global leader in protective communications, today announced that Scott Anchin, a member of its Board of Directors and Audit Committee Chair, has notified the Company that he has entered into a new employment agreement with a multi-national investment firm which requires him to resign from all outside Board roles. As a result, Mr. Anchin has informed the Company that he will resign from its Board of Directors effective May 31st.

Genasys Announces Director Resignation Due to New Employment Requirements

SAN DIEGO, May 15, 2024 (GLOBE NEWSWIRE) --  Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications, today announced a $2.7 million LRAD systems order from the U.S. Navy (Navy). The order is part of the Navy's ongoing replacement of first generation LRADs with new, upgraded long range communication LRAD 1000Xi systems.

Genasys Receives $2.7 Million U.S. Navy Order for LRAD Maritime Systems

Genasys, Inc. (NASDAQ:GNSS ) Q2 2024 Earnings Conference Call May 14, 2024 4:30 PM ET Company Participants Brian Alger - SVP, IR & Corporate Development Richard Danforth - CEO Dennis Klahn - CFO Conference Call Participants Mike Latimore - Northland Capital Ed Woo - Ascendiant Capital Operator Welcome to the Genasys Inc. Fiscal Second Quarter 2024 Conference Call. [Operator Instructions].

Genasys, Inc. (GNSS) Q2 2024 Earnings Call Transcript

Genasys (GNSS) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.09 per share a year ago.

Genasys (GNSS) Reports Q2 Loss, Lags Revenue Estimates

Increased Scope in Puerto Rico Expands Opportunity to $75 million CROWS 16 Program Established SAN DIEGO, May 14, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. ( NA S D AQ: GNSS ) , the leader in Protective Communications, today announced financial results for the Company's fiscal second quarter ended March 31, 2024. Richard S.

Genasys Inc. Reports Fiscal Second Quarter 2024 Financial Results

SAN DIEGO, May 14, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the global leader in protective communications, today announced the close of a $15 million two-year senior secured term loan with an institutional investor experienced in government contracts and specifically conducting business in Puerto Rico, as well as the Company's customer there, PREPA. Proceeds from the financing will be used for working capital and other general corporate purposes, enabling continuing growth in its Software business as well as facilitating delivery against the previously announced project award in Puerto Rico.

Genasys Announces $15 Million Two-Year Term Loan Agreement

Bill Dodd, Retiring California State Senator and Craig Fugate, Former Administrator of FEMA Join Genasys' Board of Directors Bill Dodd, Retiring California State Senator and Craig Fugate, Former Administrator of FEMA Join Genasys' Board of Directors

Genasys Announces Expansion of Its Board of Directors

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.

Genasys Inc. Schedules Fiscal Second Quarter 2024 Financial Results and Conference Call for May 14, 2024

Genasys Inc. (GNSS) Q1 2024 Earnings Call Transcript

SAN DIEGO, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. ( NA S D AQ: GNSS ) , the leader in Protective Communications, today announced financial results for the Company's fiscal first quarter ended December 31, 2023.

Genasys Inc. Reports Fiscal First Quarter 2024 Financial Results

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 Awarded Critical Infrastructure Project to Engineer, Procure and Build Emergency Warning System for 37 Dams Across the Island of Puerto Rico

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.

Genasys Inc. Schedules Fiscal First Quarter 2024 Financial Results and Conference Call for February 13, 2024

Genasys Inc. (NASDAQ:GNSS ) Q4 2023 Earnings Call Transcript December 7, 2023 4:30 PM ET Company Participants Brian Alger - SVP, IR and Corporate Development Richard Danforth - CEO Dennis Klahn - CFO Conference Call Participants Brian Colley - Stephens Michael Latimore - Northland Securities Scott Searle - Roth MKM Ed Woo - Ascendiant Capital Martin Yang - Oppenheimer & Co. Operator Good day, ladies and gentlemen, and welcome to the Genasys Fiscal Year 2023 Conference Call. [Operator Instructions].

Genasys Inc. (GNSS) Q4 2023 Earnings Call Transcript

Genasys (GNSS) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.01 per share a year ago.

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