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SAN DIEGO - Genasys Inc. (NASDAQ:GNSS), a $101 million market cap company, has received a $9 million order from the U.S. Army for Long Range Acoustic Device (LRAD) systems to be integrated into existing Common Remotely Operated Weapon Stations (CROWS), the company announced Monday. According to InvestingPro analysis, the stock is currently trading below its Fair Value, suggesting potential upside opportunity.
The order represents the first production contract for acoustic hailing devices under the CROWS II Technical Refresh program following the successful completion of design, testing and qualification of the LRAD-450XL-RT model earlier this year.
CROWS systems, manufactured by Norway’s Kongsberg Gruppen, are stabilized weapon mounts equipped with sensors and fire-control technology used by all Department of Defense services and the Department of Energy.
The LRAD systems will provide CROWS operators with long-range communication capabilities that can be used to address potential threats before resorting to lethal force.
"By providing CROWS operators with the ability to communicate to threats prior to engaging with lethal force, LRAD 450XL-RTs can be used to deescalate dangerous situations," said Richard Danforth, Chief Executive Officer of Genasys. The company has shown revenue growth of 8.95% over the last twelve months, though InvestingPro data indicates current profitability challenges.
The LRAD-450XL-RT systems feature an interface for digital operation that allows for local or remote control without requiring external add-ons or converters, according to the press release statement.
Genasys indicated it expects to generate revenue from supporting the CROWS program for years to come. The company describes itself as the global leader in protective communications with systems covering more than 155 million people across all 50 U.S. states and over 100 countries worldwide. InvestingPro analysts anticipate sales growth in the current year, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US stocks.
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, which exceeded forecasts by 8.08%. However, its earnings per share (EPS) did not meet expectations, registering at -$0.14 compared to the anticipated -$0.11. In another development, Genasys secured a $1.7 million order for its Long Range Acoustic Device (LRAD) systems from a Southeast Asian country. This order is part of a multi-year program aimed at enhancing the military capabilities of the unnamed country. Additionally, Genasys has commenced construction on nine of 19 approved dam sites in Puerto Rico as part of a $75 million contract. The project is designed to establish an Emergency Warning System for the island’s dams to safeguard residents and visitors. These developments reflect the company’s ongoing efforts to expand its reach and enhance its technological offerings.
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