Contract WinsGenasys announced a major contract win to provide an Early Warning System for 37 dams in Puerto Rico, worth ~$75 million in revenue.
Market DemandThere is substantial market demand for Genasys’s products due to high government needs and public safety communications.
Price TargetThe 12-month price target has been raised to $6.00, reflecting the company's growth prospects and a reasonable valuation.
Revenue GrowthQ1 revenues increased by 59% year-over-year, driven by strong hardware and software growth.