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SAN DIEGO - Genasys Inc. (NASDAQ:GNSS), currently trading at $2.29 with a market capitalization of $103.4 million, has secured a $1.7 million order for its Long Range Acoustic Device (LRAD) systems from a Southeast Asian country, the company announced Wednesday. According to InvestingPro data, the stock has shown strong momentum with a 9% return over the past week.
The follow-on order is part of a multi-year program to equip the unnamed country’s military with LRAD’s long-range communication and escalation of force capabilities. This order comes as analysts tracked by InvestingPro anticipate sales growth for the company in the current year, with revenue growth forecast at 83%.
According to Chris Roller, Vice President of APAC Business Development for Genasys, countries in the Asia Pacific region are investing in LRAD systems to enhance communication, safety, and security for their naval, coast guard, army, and border guard personnel.
The LRAD systems are designed to operate in extreme environmental conditions and can broadcast audible hails, warnings, and commands that can be heard over background noise up to 3,000 meters away.
These maritime systems serve various purposes including ship-to-ship communication, establishing vessel exclusion zones, interceptions, search and rescue operations, environmental responses, port security, and anti-piracy efforts.
Genasys noted in its press release that its LRAD systems are currently deployed by public safety and defense agencies in more than 100 countries worldwide.
The company, which trades on NASDAQ under the ticker GNSS, describes itself as a provider of protective communications solutions with its technology covering over 155 million people across all 50 U.S. states and more than 100 countries globally.
In other recent news, Genasys Inc. reported its third-quarter 2025 earnings, showcasing a mixed financial performance. The company achieved a revenue of $9.9 million, exceeding forecasts by 8.08%. However, its earnings per share (EPS) fell short of expectations, coming in at -$0.14 compared to the anticipated -$0.11. Additionally, Genasys has commenced construction on nine of the 19 approved dam sites in Puerto Rico as part of a $75 million contract for an Emergency Warning System. The company has received the full deposit for the third group of dams, with hardware for the first two groups already delivered. These developments highlight Genasys’s ongoing efforts in both financial and operational capacities.
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