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SAN DIEGO - Genasys Inc. (NASDAQ: GNSS), a technology company with a market capitalization of approximately $99 million, has secured orders totaling $2.5 million for its Long Range Acoustic Device® (LRAD) systems from the US Military, reinforcing the company’s role as a key supplier of communication and force escalation technology. The orders will equip various Army, Navy, and Air Force units both within the United States and stationed abroad. According to InvestingPro data, analysts anticipate sales growth for Genasys in the current year, despite recent revenue challenges.
Richard Danforth, CEO of Genasys Inc., emphasized the company’s continued growth in hardware sales and highlighted the over two-decade trust the US Military has placed in their LRAD technology for its reliability and effectiveness. The LRAD systems are designed to deliver clear communication across long distances and over loud background noise, a capability that is crucial for both military operations and emergency response scenarios. While the company’s revenue declined by 34% in the last twelve months to $26.6 million, InvestingPro analysis suggests the stock is currently in oversold territory, potentially presenting an opportunity for investors seeking value in the defense sector.
David Schnell, Vice President of Global Hardware Sales at Genasys, stated that the LRAD systems support a wide range of military missions, including combat, counterinsurgency, disaster response, and humanitarian efforts. The technology is essential for de-escalating dangerous situations and preserving lives by providing clear and scalable communication and escalation of force capabilities.
LRAD systems by Genasys are recognized for their exceptional clarity and long-range voice message broadcasting capabilities. They stand out as the most extensively tested Acoustic Hailing Devices (AHDs) on the market, having successfully completed about 40 separate US government tests, including all military specifications for heat, humidity, and shock resistance.
With a global reach, Genasys’ LRAD systems are used by over 100 countries in a variety of applications to ensure critical communications are clearly heard and understood, extending up to 5,000 meters. This recent order further solidifies Genasys’ position as a global leader in the field of Protective Communications. Trading at $2.20 per share, InvestingPro’s Fair Value analysis indicates the stock is currently undervalued. Investors seeking deeper insights can access comprehensive analysis and additional ProTips through the detailed Pro Research Report available on InvestingPro.
Investors should note that the information in this announcement is based on a press release statement. While forward-looking statements are made, they are subject to various risks and uncertainties, and actual results may differ from those projected. Genasys Inc. cautions against placing undue reliance on these forward-looking statements, which are based on current expectations as of today.
In other recent news, Genasys Inc. reported its first-quarter fiscal year 2025 earnings, surpassing EPS 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. In another development, Genasys has secured orders for its Long Range Acoustic Devices (LRADs) to enhance security at critical infrastructure sites, including oil and gas facilities in Australia and Canada, and electrical substations in the U.S. This comes amid increased concerns over vandalism and attacks on electrical substations.
Additionally, Genasys has approved a 2025 Equity Incentive Plan to offer stock-based awards to employees, with an initial aggregate of 6 million shares available. The company also announced a partnership with FloodMapp to improve emergency response during flood disasters by integrating their technologies. Analysts at Northland maintained an Outperform rating for Genasys, citing a 59% increase in revenue for the first quarter of 2025 and positive expectations for future revenue from a project involving a Puerto Rico dam. The company’s collaboration with FloodMapp aims to enhance emergency management systems by providing precise information on potential flood impacts.
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