Genasys and FloodMapp partner for advanced flood response

SAN DIEGO - Genasys Inc. (NASDAQ: GNSS), a leader in Protective Communications with a market capitalization of approximately $110 million, has announced a partnership with FloodMapp, an operational flood forecasting and intelligence firm. This collaboration aims to enhance emergency response capabilities during flood disasters by integrating Genasys’ all-hazards preparedness platform with FloodMapp’s advanced technology. According to InvestingPro analysis, Genasys is currently trading near its Fair Value, though the company faces financial challenges with a significant revenue decline of 34% in the last twelve months.

The partnership seeks to improve decision-making speed, evacuation response times, and ultimately save lives in the event of flooding. Former FEMA Administrator Craig Fugate, who serves as a strategic advisor to FloodMapp and a Genasys board member, emphasized that the combined technologies will enable emergency personnel to make faster, more accurate decisions during flood events. Despite recent stock performance showing a 19% decline over the past six months, analysts maintain optimistic price targets ranging from $4.50 to $6.00 per share. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro.

Juliette Murphy, FloodMapp’s CEO, expressed pride in partnering with Genasys to offer emergency managers and first responders additional warning time and situational awareness during severe flooding. The collaboration aims to provide precise information on potential flood impacts to people, property, and infrastructure.

Richard Danforth, CEO of Genasys, highlighted the importance of the partnership for flood safety, particularly in fire-prone areas where the fire-flood cycle poses significant risks. The integration of FloodMapp’s forecasting and real-time data with Genasys’ emergency response systems is expected to facilitate more effective evacuations and alerts.

The enhanced emergency management system will allow emergency managers to view predicted flood impact areas and overlay them with evacuation zones, supporting informed decision-making and coordinated evacuations. The comprehensive solution combines real-time flood intelligence with multichannel emergency notifications for improved preparedness and response.

Genasys and FloodMapp will host a webinar on March 19, 2025, titled "Elevating the Standard for All-Hazard Safety," to discuss their joint efforts in supporting emergency preparedness.

Genasys Inc. has been dedicated to protecting people and saving lives for over 40 years, with a reach extending to over 155 million people across all 50 states and more than 100 countries. FloodMapp specializes in real-time flood intelligence solutions that assist in improving flood preparedness, response, and recovery for emergency managers, local governments, and businesses. InvestingPro data reveals that Genasys operates with a moderate level of debt and currently maintains a current ratio of 1.33, indicating adequate short-term liquidity. The company’s overall financial health score is rated as WEAK, with analysts anticipating continued challenges in achieving profitability this year.

This news is based on a recent press release statement.

In other recent news, Genasys Inc. reported its first-quarter fiscal year 2025 earnings, exceeding expectations with a reported loss of $0.09 per share against a forecasted loss of $0.16. The company posted revenue of $6.9 million, slightly below the anticipated $6.99 million. Despite the revenue miss, Genasys demonstrated significant growth in its software and hardware segments, with recurring software revenue up 69% year-over-year and hardware revenue increasing by 57%. Northland Capital maintained an Outperform rating on Genasys, reiterating a $6.00 price target, citing the company’s strong performance and future prospects. Genasys anticipates revenue recognition from its Puerto Rico dam project in the upcoming quarters, with significant activity expected later in the year. The company also reported an improved gross profit margin of 45.8%, up nearly 12 percentage points from the previous year. Cash and equivalents increased to $13.9 million, reflecting a solid financial position. Analysts from Northland and Ascendiant Capital expressed optimism about Genasys’ future opportunities, particularly in emergency management technology.

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