Genasys INC.
NEWSLETTER
june 2020
Genasys National Emergency Warning System (NEWS) -The Complete Eu Warning DIRECTIVE Solution
The Company hosted a recent webinar outlining its National Emergency Warning System (“NEWS”) solution for the European Emergency Warning directive (EECC, Article 110). The directive mandates all EU member nations implement geo-located national public warning systems by June 2022.
“NEWS empowers emergency services officials to send multi-channel alerts and notifications to help keep residents and visitors safe during crisis situations,” said Richard S. Danforth, Chief Executive Officer, Genasys, Inc. “NEWS requires no opt-in and is deployed directly on mobile carrier networks across location-based SMS and Cell Broadcast channels. Utilizing Genasys’ advanced network process and industry-leading speed, throughput and precision, NEWS is unmatched in locating individuals and delivering emergency messages through telecom providers.”
Public Safety Mass Notification
Genasys an Official IPAWS-OPEN Software Service Provider
After a successful demonstration of the Company's IPAWS WATCH software, Genasys was included in the Federal Emergency Management Agency’s (“FEMA”) Integrated Public Alert and Warning System’s (“IPAWS”) OPEN platform developers list as an official software service provider.
The Company’s software demonstration during a FEMA open webinar included generating and delivering Common Alerting Protocol (“CAP”) test messages that were received and acknowledged by the IPAWS Lab. In May 2019, the Company successfully demonstrated its IPAWS hardware capabilities to emergency management officials. A solar-powered Genasys 360XT outdoor mass notification system located in San Diego received and broadcast audio test messages sent from the IPAWS Lab in Indian Head, MD in real time.
DOWNLOAD & VIEW WEBINAR (8' 40" - 26' 44")
(Courtesy of FEMA)
COVID-19
GenasyS Inc. Donates Personal Safety Service Module to Help Unify The Salvation Army Western Territory’s COVID-19 Response
“With more than 300 community centers across 13 states, Genasys’ PSS enables us to better coordinate our responses with local officials and inform the public of our resource centers and the services we provide,” said Piers Fairclough, Territorial Director of Strategic Initiatives at The Salvation Army. “PSS also increases our speed and efficiency in communicating with officers, Corps and volunteers, and improves our coronavirus response and utilization of resources. Genasys’ software service donation will help The Salvation Army more effectively serve those in need.”
COVID-19
Genasys Public Service Announcement on Nasdaq Tower
The Company recently sponsored a public service announcement on the Nasdaq Tower in New York City.
(Courtesy of Nasdaq)
COVID-19
San Diego Mayor reminds beachgoers to social distance from Genasys DS-60XL-Equipped Lifeguard tower
San Diego's first weekend of open beaches since the coronavirus pandemic forced their closure went by without major incident.
Mayor Kevin Faulconer made an appearance at the Pacific Beach lifeguard station, reminding the public the beach is open for walking, running, swimming, surfing and paddle boarding only.
(Courtesy of KPBS and San Diego Fire Department)
COVID-19
LRAD Voice broadcast systems Deployed in Covid-19 Responses
Defense
Genasys Inc. Receives $14.5 Million In U.S. Army Follow-on Orders
The Company received $14.5 million in follow-on orders from the U.S. Army (“Army”) for LRAD® 450XL acoustic hailing devices (“AHDs”), spares and accessories.
“The LRAD 450XL provides the Army with critical communications and scalable escalation of force capabilities,” said Richard Danforth, Chief Executive Officer of Genasys Inc. “These LRAD systems will be fielded with Active Duty, Reserve, and National Guard Military Police, PSYOPS and transportation security units.”
Defense
Genasys Inc. Announces $4.3 Million U.S. Navy IDIQ Contract
Genasys was awarded a $4.3 million indefinite delivery/indefinite quantity contract from the U.S. Navy (“Navy”) for LRAD® 1000Xi acoustic hailing devices (“AHDs”). With the 3-year award, the Navy also placed an initial $1.2 million order for delivery this fiscal year.
“The award and this order are part of the Navy’s ongoing replacement of first generation AHDs previously deployed in the fleet, some of which have been in service 10 – 12 years,” said Richard S. Danforth, Chief Executive Officer of Genasys Inc. “LRAD systems are used in many naval and maritime operations, including ship self-defense, establishment of vessel exclusion zones and restricted areas, port and harbor security, search and rescue operations, and boarding and interdiction missions.”
Defense
U.S. State department clears deal with ukraine for Mark vi Patrol boats outfitted with LRADs
The U.S. State Department has cleared a potential sale to Ukraine of 16 Mark VI patrol boats and other gear worth $600 million. Along with the modern and fast patrol boats, the sale includes various weapons, sensors and communications gear, including Long Range Acoustic Devices.
(Courtesy of Defense News)
Defense
Belgian Navy equipped with LRAD Systems
VIEW VIDEO (1' 10" - 1' 50")
(Courtesy of Belgian Defence)
Defense
SouthEAST Asian Air force demos Helicopter-mounted Lrad 450XL for air-to-ground communication
Homeland Security
Genasys Inc. receives $2.4 Million in International Border and Homeland Security Orders
The Company announced $2.4 million in orders for LRAD® 500X and LRAD 1000X acoustic hailing devices (“AHDs”) and accessories from three countries.
A country in Southeast Asia will use the LRAD 500X systems for homeland and border security applications, and the LRAD 1000X systems for vessel-mounted offshore security operations. Both follow-on orders are part of multi-year programs for communication solutions to enhance security procedures.
Vehicle-mounted LRAD 500X systems are being deployed by two African nations for homeland security and public safety applications. Subsequent orders are expected from one of the countries.
Homeland Security
Genasys Inc. Announces $1.4 Million in Orders for U.S. Military and Government Agencies
Genasys received more than $1.4 million in hardware orders from multiple United States agencies, including the Department of Defense. The orders for the U.S. Air Force, Army and Coast Guard, plus the State Department, Department of Agriculture, and the Department of Homeland Security include LRAD® 100X, 300X, 450XL, 500X, and military specification 360XT trailer systems and accessories.
“Many of these hardware systems are being procured for use in the agencies’ COVID-19 responses,” said Richard S. Danforth, Chief Executive Officer of Genasys Inc. “Additionally, homeland security and public safety agencies in Germany, France, Spain, Belgium, Greece, the Czech Republic and Colombia have recently placed orders for our systems.”
Public Safety / Law Enforcement
LRAD Systems Deployed by First Responders and Law Enforcement for Critical Crowd Communications
First responders and public safety agencies in many cities used LRAD systems for protest and crowd communications during recent civil unrest. Police departments in Portland OR, San Jose, CA, Colorado Springs, CO, Phoenix, AZ, Columbus, OH, Charleston, SC, Ft. Lauderdale, FL, and other cities used LRAD systems to communicate unlawful assembly and other orders to crowds after recent protests turned violent.
“The crowd noise generated by large, and sometimes volatile protests, overwhelms bullhorns and vehicle public address systems rendering them essentially useless,” said Richard Danforth, Chief Executive Officer, Genasys Inc. “LRAD voice broadcast systems enable new methods of policing that protect the public and law enforcement officers by promoting safer initial interactions. Using LRAD systems to communicate from safe standoff distances provides more time for mutual assessment, interaction and de-escalation.”
Public Safety / Law Enforcement
Portland Oregon Police bureau holds Lrad Press conference and demo
The Portland Police Bureau invited the media to help educate the public about how they use the Long Range Acoustic Device to communicate with large crowds.
VIEW PRESS CONFERENCE AND DEMO
(Courtesy of Portland OR Police Bureau)
Public Safety / Law Enforcement
New South Wales Police use LrAD 100X To communicate to Protesters in Sydney
(Courtesy of 9 News and Andrew Rickert)
Maritime
British Royal navy to purchase LRAD-Equipped unmanned patrol Boats
BAE Systems has won a £3.2 million (US$4 million) contract to supply the British Royal Navy with autonomous Pacific 24 (P24) boats.
Modifications made to the P24 by BAE, the Navy, the Defence Science and Technology Laboratory (DSTL), and autonomous systems supplier L3Harris include an onboard robotic control system, advanced sensors, high-resolution optical and thermal camera, and a Long-Range Acoustic Device for audio communications and warning over distances.
(Courtesy of New Atlas)
Maritime
fully autonomous Surveillance boat includes LRAD
UAE Region’s next-generation security solutions provider World Security has launched the first autonomous security surveillance boat in the Middle East.
Key features include advanced robotics and surveillance equipment and Long Range Acoustic Device.
(Courtesy of Sea News)
Investors
Genasys inc. Joins Russell 3000® Index
Genasys joined the broad-market Russell 3000 Index at the conclusion of the annual Russell U.S. Indexes reconstitution following the June 26, 2020 market close.
"Inclusion in the Russell 3000 Index brings added investment exposure to Genasys and our critical communications solutions,” said Richard S. Danforth, CEO of Genasys. “We believe this will further enhance our visibility among a larger universe of investors."
Investors
Genasys inc. Reports Fiscal second Quarter 2020 Financial Results
Fiscal Second Quarter 2020 Financial Summary
Fiscal 2020 second quarter revenues were $8.3 million, compared with $10.2 million in the same period last year.
Gross profit margin was 48.4%, compared with 50.9% in the second quarter of fiscal 2019.
Operating expenses were $3.7 million, down slightly from $3.8 million in the same period last year.
Net income for the quarter was $0.3 million, or $0.01 per diluted share, compared with net income of $1.2 million, or $0.04 per diluted share, in the second quarter of fiscal 2019.
Cash and cash equivalents totaled $16.4 million on March 31, 2020, compared with $18.8 million on September 30, 2019.
Working capital totaled $25.5 million on March 31, 2020, compared with $24.8 million on September 30, 2019.
“Fiscal second quarter and first half revenues met expectations in spite of the COVID-19 outbreak partially impacting the delivery of $1.6 million in orders at the end of the quarter,” said Richard S. Danforth, Chief Executive Officer of Genasys Inc.
First Six Months Financial Summary
Revenues for the first six months of fiscal 2020 were $17.1 million, compared with $20.4 million in the same period last year. Revenues decreased for the six-month period ended March 31, 2020 compared to the same prior year period due to the timing for delivery of the backlog at September 30, 2019.
Gross profit margin was 50.5%, unchanged from the first six months of fiscal 2019.
Operating expenses were $7.6 million, mostly unchanged from the same period last year.
Net income for the first six months was $0.9 million, or $0.03 per diluted share, compared with net income of $2.2 million, or $0.07 per diluted share, in the first six months of fiscal 2019.
“While the pandemic’s effects on our business are uncertain, our systems and solutions are proving to be vital for a world experiencing exponential safety concerns,” Mr. Danforth added. “With our strong balance sheet and expanding business pipeline, Genasys remains on track for record fiscal year revenues and well-positioned for future revenue growth.”
Investors
Genasys Expects A Good Year With Government Work
The coronavirus may have delayed some business for Genasys, but it has not halted it.
In fact, CEO Richard Danforth talks about beating his company’s record 2019 revenue of $37 million by the time the current fiscal year ends on Sept 30.
As a maker of mass notification technology and acoustic hailing devices, Genasys sells to governments at several levels, including the U.S. government and U.S. allies.
(Courtesy of San Diego Business Journal)
Giving Back
Genasys Donates to Sharp Healthcare & feeding san diego
Genasys and its employees are making a difference by dedicating time, resources and equipment to save and make lives better.
The donation to Sharp HealthCare supported COVID-19 response efforts and helped provide critical resources, equipment and supplies as well as training and professional resources to support the direct care of all Sharp patients during this uniquely challenging time.
Genasys teamed with ABC 10 and the Scripps Howard Foundation in a donation to Feeding San Diego, which provides more than 26 million meals every year to children, families, seniors, college students, military families, veterans, people facing homelessness, and other underserved populations.
About Genasys Inc.
Genasys is the global leader in critical communications solutions to help keep people safe. Genasys systems are in service in 72 countries around the world in diverse applications, including public safety, national emergency warning systems, mass notification, defense, law enforcement, critical infrastructure protection and many more.
