Genasys Inc. (NASDAQ:GNSS) Q4 2023 Earnings Call Transcript

At one point, the reporter said — there was a parking garage behind them with a stairwell that was open, and police, we’re going to the top floor. So, we reported the shooter has got to be up there. So, a lot of misinformation out there, and that misinformation is a consequence of the chaos during any one of these catastrophic events. The CONNECT platform is private. It’s not subject to being listened to by the public, or the — or anybody else that can use that information against them. So, both this highly geographic-based messaging and CONNECT, two very good applications when you have an active shooter.

Operator: [Operator Instructions] And we’ll take our next question from Martin Yang from Oppenheimer. Please go ahead, Martin.

Martin Yang: So, my one question is about the inbound requests you have regarding the ACOUSTICS systems. Given the recent interest, are you actively investing in more outreach effort to accounts or regions where there might be a potential interest, but they have not actively inquired about ACOUSTICS to combine with Genasys Protect?

Richard Danforth: Well, Martin, we’ve recently aligned the Genasys ACOUSTICS systems underneath the Genasys Protect platform. There are several customers, particularly here in California, that have bought all of our software and hardware systems. That’s a slightly different approach than we have in the past, where the hardware acoustic systems were sold principally through the LRAD channels. Our expectations are for some significant uptick in the Genasys ACOUSTICS as we channel through our SaaS group, this third leg of the Genasys Protect tool.

Operator: And that was our last question. I’d like to turn the floor back to Mr. Alger for closing remarks.

Brian Alger: Great. Thanks for participating in the call tonight. A replay of the call will be available on our website shortly. For additional information and up-to-date news and activity regarding Genasys, our products, and the customers we serve, I highly recommend that you follow the company and Genasys Protect on your social networks, particularly LinkedIn and X, where we actively post and comment on events that are happening. We look forward to speaking with you again next quarter when we report the fiscal first quarter of 2024 results. Thank you. Good night.

Operator: Thank you. Ladies and gentlemen, this does conclude today’s teleconference. We thank you for your participation. You may disconnect your lines at this time, and have a great day.