Genasys Bagged Critical Infrastructure Project to Engineer, Procure and Build Emergency Warning System for 37 Dams Across the Island of Puerto Rico, Expects to Recognize $60M-$70M in Revenue
Portfolio Pulse from Benzinga Newsdesk
Genasys Inc. (NASDAQ:GNSS) has been awarded a project by the Puerto Rico Electric Power Authority, funded by FEMA, to build an Emergency Warning System for 37 dams in Puerto Rico. The project, valued at $60M-$70M in revenue for Genasys, involves the use of the Genasys Protect platform for early flood threat detection and communication.
February 12, 2024 | 12:07 pm
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Genasys Inc. has secured a significant project to develop an Emergency Warning System for Puerto Rico's dams, expecting to recognize $60M-$70M in revenue.
The announcement of a significant project win for Genasys Inc., especially one that is fully funded by FEMA and involves critical infrastructure protection, is likely to be viewed positively by investors. The projected revenue increase from this project is substantial for the company, indicating potential for stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100