Genasys, Inc. (GNSS)

Over the past six months, several events have impacted Genasys, Inc.'s stock price. In Q3 2025, Genasys reported accelerated business with increased software and hardware revenue, but software bookings were constrained. Genasys secured additional orders for its LRAD systems from the U.S. military. In Q4 2025, the company reported a return to positive operating income and adjusted EBITDA, with increased fiscal year revenue, but quarterly revenue was below analysts' expectations. Genasys is scheduled to release its fiscal first-quarter results for 2026. Institutional investors experienced a loss in the stock over the past year, with subsequent fluctuations in the stock price.

The demand for Genasys's technology is building globally across defense, public safety, emergency warning, and other critical markets. The company's business is influenced by large projects, such as the Puerto Rico Early Warning System, which is expected to be a significant growth driver through 2026 and 2027. The LRAD business continues to see a consistent flow of new and follow-on orders across various end markets, and there is ongoing growth expected in software offerings. The software business has been constrained by the temporary freezing and uncertainty of federal grant money, impacting bookings.

Genasys, Inc. is a global provider of Protective Communication solutions, offering hardware and software designed to alert, inform, and protect people during critical events. The company operates within the Technology sector, specializing in Communications hardware and software solutions, with its core business revolving around the Genasys Protect software platform and Long Range Acoustic Device (LRAD) systems. The Genasys Protect software platform integrates data from various sensors and IoT inputs to provide real-time information on developing emergencies, enabling the creation and dissemination of alerts, warnings, notifications, and instructions through multiple channels. Key products include the Genasys Protect Platform, Genasys ACOUSTICS, and Genasys Evertel. Genasys serves a diverse range of markets and sectors, including federal governments and the military, state and local governments, agencies, education, and enterprise organizations in critical sectors. The company's revenue is primarily generated from its Hardware segment.

Genasys has a significant global presence, with its principal markets spanning North and South America, Europe, the Middle East, Asia, and Africa. The company's solutions protect over 155 million people across all 50 U.S. states and in more than 100 countries worldwide.

Genasys is recognized as a global leader in Protective Communications solutions, with products earning ISO 9001 and 27001 certifications. The company's reputation faced a challenge in January 2025 when Los Angeles County suspended the use of Genasys during Southern California wildfires after an alert was erroneously sent. Conversely, San Diego County and the City of San Diego successfully utilized Genasys technology to evacuate residents from wildfires. Other positive developments in 2025 include the Maui Emergency Management Agency launching Genasys for emergency operations and evacuations, and Santa Barbara County beginning to use Genasys EVAC mapping software.

Genasys Inc. has significant institutional ownership, with 62 institutional owners and shareholders holding a total of 30,102,576 shares, collectively owning 43% of the company. Major institutional owners include Integrity Wealth Advisors, Inc., AWM Investment Company, Inc., Vanguard Group Inc., Manatuck Hill Partners, LLC, Pacific Ridge Capital Partners, LLC, FNY Investment Advisers, LLC, Herald Investment Management Ltd, and BlackRock, Inc. Notable individual owners (insiders) include Rimmy Malhotra, Richard Hoe Osgood, Richard Danforth (CEO), Susan Lee Schmeiser, and Mark Culhane.