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SAN DIEGO – Genasys Inc. (NASDAQ: GNSS) has announced a partnership with ShakeAlert to incorporate the Earthquake Early Warning (EEW) system into its Protective Communications platform. This integration, under a licensed operator agreement, will enable Genasys to utilize ShakeAlert Messages to enhance safety measures for its customers in earthquake-prone areas, particularly in California. The announcement comes as the company, currently valued at approximately $88 million, faces challenging market conditions, with its stock down nearly 48% over the past six months. According to InvestingPro data, analysts anticipate sales growth in the current year despite recent headwinds.
The ShakeAlert system, managed by the U.S. Geological Survey (USGS), is designed to detect significant earthquakes quickly, estimate the expected level of shaking, and issue alerts. These messages are only released if certain thresholds for magnitude and shaking intensity are met. According to Richard Danforth, CEO of Genasys, the alerts provided by ShakeAlert can be delivered through Genasys’ outdoor ACOUSTICS systems seconds before strong shaking begins, offering crucial time for individuals to take protective actions.
Robert de Groot, USGS ShakeAlert technical engagement lead, expressed support for the new partnership, highlighting the importance of delivering alerts to areas expected to experience strong shaking. The ShakeAlert system also enables automated responses, such as slowing trains and closing water valves, to mitigate the impact of earthquakes.
Genasys’ suite of partnerships includes collaborations with FEMA’s Integrated Public Alert & Warning System, the National Weather Service’s flood warning service, ESRI’s disaster mapping, and other emergency management tools. These partnerships aim to provide comprehensive solutions for emergency preparedness and response.
Genasys specializes in targeted communication and decision-making tools, secure inter-agency collaboration, zone-based planning, and high-clarity outdoor speakers. Their platform, which includes both hardware and software solutions, is designed to support proactive preparedness and multichannel communication for emergency management.
The company’s financial metrics reveal important context for investors, with InvestingPro analysis showing a current ratio of 1.33 and moderate debt levels. While operating with negative EBITDA of -$26.44 million in the last twelve months, the company maintains a gross profit margin of nearly 30%. This announcement is based on a press release statement from Genasys Inc., which also contains forward-looking statements regarding the company’s expectations and potential future developments. These statements are subject to risks and uncertainties, and actual results may differ from those projected. Further details on these risks can be found in the company’s SEC filings. Want deeper insights? InvestingPro subscribers have access to over 10 additional ProTips and a comprehensive Pro Research Report that provides detailed analysis of Genasys Inc.’s financial health, valuation metrics, and growth prospects.
In other recent news, Genasys Inc. reported a 59% increase in revenue for the first quarter of 2025, surpassing expectations on EBITDA. This comes as the company anticipates revenue recognition from a project involving a Puerto Rico dam in the second quarter, with full supply delivery expected in May. Additionally, Genasys secured orders totaling $2.5 million for its Long Range Acoustic Device (LRAD) systems from the US Military, reinforcing its position as a key supplier of communication technology. The company also announced a partnership with FloodMapp to enhance emergency response capabilities during flood disasters, integrating their preparedness platform with FloodMapp’s advanced technology.
In another development, Genasys approved its 2025 Equity Incentive Plan, which includes stock options and other stock-based awards, following a stockholder vote. The plan aims to align the interests of employees and directors with those of stockholders. Furthermore, Genasys has secured orders for LRAD systems at global facilities, including installations for oil and gas facilities in Australia and Canada, as well as electrical substations in the U.S.
Northland recently reiterated an Outperform rating for Genasys, maintaining a $6.00 price target, highlighting the company’s strong performance and future revenue milestones. The firm’s analysts noted the increased interest in Genasys’ software offerings, particularly following a successful deployment in Los Angeles.
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