Genasys Signs Large Contract with Ada County, Idaho
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Genasys announced a large, multi-year contract with Ada County, Idaho for Genasys Protect emergency management software services. This is the second Idaho county to replace its emergency alert service with Genasys Protect.
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Analyst Views on GNSS
Wall Street analysts forecast GNSS stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.910
Low
4.50
Averages
4.88
High
5.25
Current: 1.910
Low
4.50
Averages
4.88
High
5.25
About GNSS
Genasys Inc. is a global provider of protective communications solutions. The Company is engaged in the design, development, and commercialization of critical communications hardware and software solutions designed to alert, inform, and protect people. Its unified software platform receives information from a wide variety of sensors and Internet-of-Things (IoT) inputs to collect real-time information on developing and active emergency situations. The Company has two segments: Hardware and Software. Its solutions include Genasys Protect software platform, and Long-Range Acoustic Device (LRAD) products. Its Genasys Protect is a comprehensive portfolio of Protective Communications software and hardware systems serving federal governments and agencies; state and local governmental agencies, and education (SLED); and enterprise organizations. LRAD products broadcast audible voice messages with vocal clarity from close range out to 5,500 meters.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Genasys Inc. Reports Q2 2026 Earnings Highlights
- Profitability Improvement: Genasys reported $15.5 million in revenue and a 63.3% gross margin for Q2 2026, with CEO Danforth noting that this performance was primarily driven by disciplined execution on the Puerto Rico project and improved sales, marking a significant enhancement in the company's profitability.
- Debt Management Strategy: The company announced a 60-day extension for debt repayment, anticipating funds from approximately $13 million in Puerto Rico receivables, with Danforth emphasizing that this will help alleviate financial burdens and enhance liquidity.
- Growth in Software and Hardware: Hardware revenue grew approximately 180% year-over-year, while software revenue increased by 6%, with Danforth mentioning sustained market demand for software products, particularly in new geographies, demonstrating the company's competitive edge in the market.
- Optimistic Future Outlook: Management reiterated expectations for annual gross margins exceeding 50% and expressed optimism about revenue growth in the second half of the year, with Danforth stating that Genasys is entering this critical period from a position of operational strength due to organizational optimization.
See More
Genasys Q1 Earnings Beat Expectations
- Earnings Performance Exceeds Expectations: Genasys reported a Q1 GAAP EPS of $0.02, beating market expectations by $0.05, indicating improved profitability and boosting investor confidence.
- Significant Revenue Growth: The company achieved revenue of $15.5 million in Q1, a 125% increase from $6.9 million in the second quarter of fiscal 2025, reflecting strong business expansion and market demand recovery.
- Positive Market Reaction: The earnings beat is likely to positively impact Genasys's stock price, attracting more investor attention and further enhancing the company's competitiveness in the industry.
- Optimistic Future Outlook: With improvements in revenue and profitability, Genasys is expected to maintain growth momentum in the coming quarters, strengthening its market position and influence.
See More
Genasys Appoints New Chairman of the Board
- New Chairman Appointment: Genasys Inc. announced the appointment of Bill Dodd as chairman of the board, succeeding the retired Richard H. Osgood III, with Dodd having been a board member since May 2024, expected to provide crucial guidance for the company's strategic development.
- Rich Leadership Experience: Dodd brings extensive public service experience from his tenure in the California State Senate, where he chaired multiple committees, and his deep government knowledge and business management experience are anticipated to accelerate Genasys's strategic initiatives and drive long-term profitable growth.
- Company Vision and Goals: Dodd expressed his commitment to closely collaborate with the board and management to achieve the company's goals and vision, demonstrating optimism about Genasys's potential, which may enhance investor confidence.
- Global Leadership Position: Genasys is the global leader in Protective Communications™, providing comprehensive emergency response and analytics solutions that cover over 155 million people, and Dodd's appointment could further solidify the company's leadership position in the global market.
See More
Genasys Expands Acoustic Warning Systems in Arizona
- Order Growth: Genasys has secured orders for Acoustics outdoor warning systems in Sedona, Arizona, funded by Coconino County through a Federal Emergency Management Agency grant and additional city council funds, indicating a sustained demand in the public safety sector.
- System Control: The City of Sedona will have primary control over the Acoustics systems, which can be operated individually or as a group, while Coconino County Emergency Management will maintain backup access through its countywide notification network, enhancing local emergency response capabilities.
- Technological Advantage: Genasys' Acoustics systems continue to operate during power and cellular network failures, delivering highly intelligible voice broadcasts and siren tones in multiple languages, thereby reinforcing the company's critical role in crisis management.
- Market Positioning: CEO Richard Danforth noted that these orders validate Genasys' role as a trusted provider for emergency managers and law enforcement, strengthening its market presence in key regions like Arizona and indicating potential for future follow-on orders.
See More
First County in North Carolina Upgrades to Genasys Protect
- Contract Signing: Genasys Inc. has signed a multi-year contract with Davidson County, North Carolina, to implement the Genasys Protect multi-channel, zone-based alerting and communication system, aimed at replacing its outdated emergency management system to enhance emergency response capabilities.
- System Advantages: Blake W. Lanning, Emergency Management Coordinator for Davidson County, noted that Genasys stood out due to its mapping feature, enabling precise and timely messaging from the emergency operations center, thereby improving the efficiency and accuracy of information dissemination.
- User Experience: Lanning also highlighted the ease of the onboarding process, with Genasys providing comprehensive support to configure the system optimally for local needs, ensuring rapid and reliable delivery of critical information during emergencies to keep residents safe.
- Public Safety Enhancement: Genasys Protect enhances public safety through intelligent zone-based communication and multi-channel alerts, reducing the demand for 911 calls, and facilitating collaborative decision-making through public map information sharing, thereby increasing public trust and safety.
See More
Genasys Secures $2 Million Order from Singapore Navy
- Order Value: Genasys Inc. announced a $2 million order to equip the Republic of Singapore Navy's new unmanned surface vessels with LRAD 950NXTs, with further orders anticipated, indicating the Navy's ongoing investment in its USV fleet.
- Technological Advantage: The LRAD 950NXT features advanced long-range ship-to-ship and ship-to-shore communication capabilities, delivering reliable performance at distances of up to 3,000 meters, particularly excelling in demanding maritime environments, thereby enhancing naval operational capabilities.
- Operational Efficiency: The RSN's unmanned surface vessels have begun uncrewed operational patrols following rigorous testing, which not only improves response times but also alleviates manpower constraints, allowing the Navy to conduct similar missions with fewer crew members.
- Global Recognition: The LRAD 950NXT's capabilities are recognized by 26 international navies and coast guards, providing effective warning and interdiction capabilities in threat situations, further solidifying Genasys's leadership position in the global market.
See More
Genasys Inc. Reports Q2 2026 Earnings Highlights
- Profitability Improvement: Genasys reported $15.5 million in revenue and a 63.3% gross margin for Q2 2026, with CEO Danforth noting that this performance was primarily driven by disciplined execution on the Puerto Rico project and improved sales, marking a significant enhancement in the company's profitability.
- Debt Management Strategy: The company announced a 60-day extension for debt repayment, anticipating funds from approximately $13 million in Puerto Rico receivables, with Danforth emphasizing that this will help alleviate financial burdens and enhance liquidity.
- Growth in Software and Hardware: Hardware revenue grew approximately 180% year-over-year, while software revenue increased by 6%, with Danforth mentioning sustained market demand for software products, particularly in new geographies, demonstrating the company's competitive edge in the market.
- Optimistic Future Outlook: Management reiterated expectations for annual gross margins exceeding 50% and expressed optimism about revenue growth in the second half of the year, with Danforth stating that Genasys is entering this critical period from a position of operational strength due to organizational optimization.
See More
Genasys Q1 Earnings Beat Expectations
- Earnings Performance Exceeds Expectations: Genasys reported a Q1 GAAP EPS of $0.02, beating market expectations by $0.05, indicating improved profitability and boosting investor confidence.
- Significant Revenue Growth: The company achieved revenue of $15.5 million in Q1, a 125% increase from $6.9 million in the second quarter of fiscal 2025, reflecting strong business expansion and market demand recovery.
- Positive Market Reaction: The earnings beat is likely to positively impact Genasys's stock price, attracting more investor attention and further enhancing the company's competitiveness in the industry.
- Optimistic Future Outlook: With improvements in revenue and profitability, Genasys is expected to maintain growth momentum in the coming quarters, strengthening its market position and influence.
See More
Genasys Appoints New Chairman of the Board
- New Chairman Appointment: Genasys Inc. announced the appointment of Bill Dodd as chairman of the board, succeeding the retired Richard H. Osgood III, with Dodd having been a board member since May 2024, expected to provide crucial guidance for the company's strategic development.
- Rich Leadership Experience: Dodd brings extensive public service experience from his tenure in the California State Senate, where he chaired multiple committees, and his deep government knowledge and business management experience are anticipated to accelerate Genasys's strategic initiatives and drive long-term profitable growth.
- Company Vision and Goals: Dodd expressed his commitment to closely collaborate with the board and management to achieve the company's goals and vision, demonstrating optimism about Genasys's potential, which may enhance investor confidence.
- Global Leadership Position: Genasys is the global leader in Protective Communications™, providing comprehensive emergency response and analytics solutions that cover over 155 million people, and Dodd's appointment could further solidify the company's leadership position in the global market.
See More
Genasys Expands Acoustic Warning Systems in Arizona
- Order Growth: Genasys has secured orders for Acoustics outdoor warning systems in Sedona, Arizona, funded by Coconino County through a Federal Emergency Management Agency grant and additional city council funds, indicating a sustained demand in the public safety sector.
- System Control: The City of Sedona will have primary control over the Acoustics systems, which can be operated individually or as a group, while Coconino County Emergency Management will maintain backup access through its countywide notification network, enhancing local emergency response capabilities.
- Technological Advantage: Genasys' Acoustics systems continue to operate during power and cellular network failures, delivering highly intelligible voice broadcasts and siren tones in multiple languages, thereby reinforcing the company's critical role in crisis management.
- Market Positioning: CEO Richard Danforth noted that these orders validate Genasys' role as a trusted provider for emergency managers and law enforcement, strengthening its market presence in key regions like Arizona and indicating potential for future follow-on orders.
See More
First County in North Carolina Upgrades to Genasys Protect
- Contract Signing: Genasys Inc. has signed a multi-year contract with Davidson County, North Carolina, to implement the Genasys Protect multi-channel, zone-based alerting and communication system, aimed at replacing its outdated emergency management system to enhance emergency response capabilities.
- System Advantages: Blake W. Lanning, Emergency Management Coordinator for Davidson County, noted that Genasys stood out due to its mapping feature, enabling precise and timely messaging from the emergency operations center, thereby improving the efficiency and accuracy of information dissemination.
- User Experience: Lanning also highlighted the ease of the onboarding process, with Genasys providing comprehensive support to configure the system optimally for local needs, ensuring rapid and reliable delivery of critical information during emergencies to keep residents safe.
- Public Safety Enhancement: Genasys Protect enhances public safety through intelligent zone-based communication and multi-channel alerts, reducing the demand for 911 calls, and facilitating collaborative decision-making through public map information sharing, thereby increasing public trust and safety.
See More
Genasys Secures $2 Million Order from Singapore Navy
- Order Value: Genasys Inc. announced a $2 million order to equip the Republic of Singapore Navy's new unmanned surface vessels with LRAD 950NXTs, with further orders anticipated, indicating the Navy's ongoing investment in its USV fleet.
- Technological Advantage: The LRAD 950NXT features advanced long-range ship-to-ship and ship-to-shore communication capabilities, delivering reliable performance at distances of up to 3,000 meters, particularly excelling in demanding maritime environments, thereby enhancing naval operational capabilities.
- Operational Efficiency: The RSN's unmanned surface vessels have begun uncrewed operational patrols following rigorous testing, which not only improves response times but also alleviates manpower constraints, allowing the Navy to conduct similar missions with fewer crew members.
- Global Recognition: The LRAD 950NXT's capabilities are recognized by 26 international navies and coast guards, providing effective warning and interdiction capabilities in threat situations, further solidifying Genasys's leadership position in the global market.
See More
