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Genasys Inc. Signs Agreement to Deploy Emergency Warning System Across Puerto Rico's Dam Infrastructure
Newsfilter· 2024-08-07 20:43
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 enhancin ...
Genasys Inc. Signs Agreement to Deploy Emergency Warning System Across Puerto Rico's Dam Infrastructure
GlobeNewswire News Room· 2024-08-07 20:43
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 enhanci ...
Genasys (GNSS) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-08-06 23:27
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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -7.14%. A quarter ago, it was expected that this developer of directed sound technologies used by the military and police would post a loss of $0.12 per share when it actually produced a loss of $0.16, delivering a surprise of -3 ...
Genasys Inc. Reports Fiscal Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-08-06 20:54
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 ...
LRAD Hardware and CONNECT Software Synergies Surging Genasys' Public Safety Sales
Newsfilter· 2024-07-16 11:00
SAN DIEGO, July 16, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced that LRAD and CONNECT synergies are driving demand from law enforcement and public safety agencies as they prepare for the return of students to campuses, tightly contested national elections, and escalating civil unrest. "Civil disturbances pose unique challenges and elevated risks for police officers, communities, infrastructure, and the public," said Richard Danforth, C ...
Genasys Completes Board of Directors Reconstitution
GlobeNewswire News Room· 2024-07-11 21:13
Genasys' Board of Directors now consists of outside directors Rick Osgood (Chairman), Mark Culhane (Audit Committee Chair), Susan Lee Schmeiser (Director), Senator Bill Dodd (Director) and Craig Fugate (Director). Richard Danforth (CEO and Director) is the sole executive director on the Board. After working with Price Waterhouse for 10 years, Mark Culhane served as the Chief Financial Officer (CFO) of numerous public and private companies, including Teradata Corporation, Lithium Technologies, DemandTec, iMa ...
Genasys Completes Board of Directors Reconstitution
Newsfilter· 2024-07-11 21:13
Core Viewpoint - Genasys Inc. has restructured its Board of Directors by appointing Mark Culhane as the new Audit Committee Chair, enhancing its governance with experienced independent directors to support the company's growth strategy [1][5]. Board Composition - The current Board consists of five independent directors and the CEO, Richard Danforth, with Mark Culhane taking over the Audit Committee Chair position [1][3]. - Caltha Seymour has resigned from her position on the Board [1]. Mark Culhane's Background - Mark Culhane has over 30 years of executive finance experience, having served as CFO for various public and private companies, including Teradata Corporation and SciClone Pharmaceuticals [2]. - He has extensive board experience, including roles as Audit Committee Chair for CallidusCloud and UserZoom [2]. Board Members' Expertise - Each Board member brings unique expertise: - Rick Osgood has experience as a co-founder and CEO of investment banks [4]. - Craig Fugate's background with FEMA and the Florida Department of Emergency Management is expected to enhance engagement with State, Local, and Education (SLED) customers [4]. - Susan Lee Schmeiser's digital marketing experience aids in the company's strategic positioning [4]. - Mark Culhane's financial expertise is anticipated to improve the company's financial processes as it grows [4]. Growth Strategy - Genasys is entering a new growth phase driven by increasing software sales, which will support further growth in its hardware business [5]. - The restructured Board aims to provide effective guidance to maximize shareholder value and leverage the company's recent changes [5]. Company Overview - Genasys Inc. is a leader in Protective Communications, offering a comprehensive portfolio of preparedness, response, and analytics software and systems [6]. - The company has been protecting people and saving lives for over 40 years, covering more than 70 million people in over 100 countries [6].
Genasys Awarded LRAD Systems Order from Damen Schelde Naval Shipbuilding B.V. for German Navy F-126 Frigate Project
Newsfilter· 2024-06-26 12:00
Every U.S. Navy surface combatant and 31 international Navies and Coast Guards are using LRAD systems for a wide variety of applications including exclusion zone enforcement, search and rescue operations, ship selfdefense, environmental response, and during anti-piracy, human trafficking and smuggling interdictions. Featuring an integrated HD camera, high-intensity searchlight and robust, IP-addressable full pan & tilt drive, when integrated with radar or motion sensors the LRAD 950NXT provides automated al ...
Genasys Lands $900K in LRAD Defense Orders from Middle East
Newsfilter· 2024-06-25 11:00
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. About Genasys Inc. "International orders that have been delayed are starting t ...
Genasys Lands $900K in LRAD Defense Orders from Middle East
GlobeNewswire News Room· 2024-06-25 11:00
Domestic and international defense forces are required to support the full spectrum of missions, from combat and counterinsurgency to disaster response and humanitarian assistance. Regardless of the assigned mission, clear communication and scalable escalation of force (EOF) are critical to mission success. Exclusive to LRAD is Genasys' proprietary technology that focuses audible voice and tone transmissions forward from close range to more than 5,500 meters to communicate with exceptional clarity and intel ...