GENASYS INC. reported fiscal Q3 2025 revenues significantly boosted by the Puerto Rico early warning system project, alongside a record-high software pipeline and a robust 12-month backlog exceeding $60 million. The company is actively managing operational costs and expanding its geographic footprint for Genasys Protect, despite temporary federal funding delays impacting software bookings.
- Puerto Rico Project Accelerates: The $75 million FEMA-funded Puerto Rico early warning system project is progressing rapidly, with the first dam accepted and construction underway on all nine dams in the initial two groups. The final deposit for the largest third group ($18 million) has been received, promising accelerated work and higher-than-usual gross margins for the company, with $15 million to $20 million in total project revenue projected for fiscal 2025.
- CROWS-AHD Program Secures New Contract: Following successful design and qualification, the U.S. Army is finalizing an $8 million to $8.5 million purchase order for the LRAD 450XL-RT as part of the CROWS 2 tech refresh program. This initial award is expected to grow, potentially exceeding historical annual revenues of $10 million to $15 million, securing a multi-year revenue stream for Genasys.
- Genasys Protect Expands with FloodMapp Integration: The company's software pipeline is at an all-time high, driven by geographic expansion into the East Coast (over 25% of new pipeline). This growth is bolstered by a strategic partnership with FloodMapp, integrating advanced flood prediction models into the Genasys Protect platform to deliver highly targeted, real-time alerts for at-risk populations.