Financial OutlookGenasys announced a large critical infrastructure project that is fully funded by FEMA, which is expected to double the company's future revenues and contribute significantly to EBITDA, promising a robust financial outlook.
New Contract WinsThe company secured a substantial contract to provide an Early Warning System for dams in Puerto Rico, expected to significantly enhance future revenues.
Revenue GrowthSoftware revenue growth of +57% exceeded expectations, with recurring software revenue increasing by 85% year-over-year, demonstrating the company's strong performance in the software sector.