Genasys stock rises on $1.4M LRAD orders from APAC, Europe

Genasys Inc. (GNSS) stock jumped 3% in early trading on Tuesday following announcements of $1.4 million worth of Long Range Acoustic Device (LRAD) orders from Asia-Pacific and European nations. These orders were placed by countries including Australia, Japan, Thailand, Vietnam, Papua New Guinea, Lithuania, and Latvia, according to Genasys.

The LRAD devices will be utilized for various applications, primarily by the Navy, Coast Guard, Police, and Security forces. CEO Richard Danforth revealed that the orders comprise both initial purchases and follow-ons. LRAD systems are instrumental in long-range communication and escalation of force, enabling secure territorial waters, borders, islands, critical infrastructure, and public safety.

The escalating tensions in the Asia-Pacific region have led many countries in the area to invest in LRAD systems to improve communication, safety, and security. Genasys believes that the momentum in international markets remains robust and is anticipated to persist into 2027. The LRAD systems emit audible communications that can be heard up to 5,000 meters, making them suitable for use in extreme environmental conditions.

Employed by the maritime sector, these systems facilitate ship-to-ship communication, create vessel exclusion zones, intercept targets, conduct search and rescue missions, secure ports, and carry out anti-piracy operations. Public safety and defense agencies across more than 100 countries currently deploy LRAD systems for diverse security and communication objectives.