Genasys Secures $2M Order for LRAD Systems from Major U.S. Utility
Genasys Inc. has received a $2.0 million order for its LRAD 950NXT systems from a leading U.S. utility. This order follows a 114% revenue growth over the past year, highlighting increasing demand for enhanced infrastructure security solutions.
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Genasys Inc. (NASDAQ: GNSS) announced a $2.0 million follow-on order for LRAD 950NXT systems from a major U.S. utility. This order comes after the successful installation of these systems at a utility substation, aimed at providing remote infrastructure monitoring and protection.
The LRAD systems integrate with existing security measures, including multi-sensor perimeter intrusion detection from partner iEnet. The demand for such systems is rising due to increasing physical security threats facing power grids.
The company reported a revenue of $15.5 million in its recent financial results, indicating a return to profitability despite a 27% decline in stock over six months. Enhanced surveillance capabilities could mitigate risks associated with threats to critical infrastructure, impacting investment decisions in security technologies.
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