Genasys Announces A New Law Enforcement LRAD Order For A West African Country And A Follow-On Defense Order From Damen Schelde Naval Shipbuilding B.V.; No Financial Terms Disclosed
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Genasys Inc. (NASDAQ:GNSS) has announced a new order for its LRAD systems from a West African country for law enforcement purposes and a follow-on order from Damen Schelde Naval Shipbuilding for the German Navy. Financial terms were not disclosed.
September 25, 2024 | 1:14 pm
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Genasys Inc. has received new orders for its LRAD systems from a West African country and Damen Schelde Naval Shipbuilding, indicating potential revenue growth. However, financial terms were not disclosed.
The announcement of new orders for Genasys' LRAD systems suggests potential revenue growth, which is positive for the company's stock. The lack of disclosed financial terms adds some uncertainty, but the orders from both a new and an existing client (Damen) are likely to be seen as a positive development.
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