Contract AwardThe company secured a substantial contract to provide Early Warning System for dams in Puerto Rico, which will contribute significantly to future revenues.
Earnings GrowthSoftware revenue growth of +57% exceeded expectations, with recurring software revenue growing 85% year-over-year.
Financial OutlookGNSS announced a large critical infrastructure project to design and build an Emergency Warning System for Puerto Rico's dams, expected to generate $60M - $70M in revenue.