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Technology Stocks : LRAD - Long Range Acoustic Device

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From: Savant	2/12/2024 5:08:13 PM
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Shares of Genasys jumped after the company was awarded a critical infrastructure project for the building of emergency warning systems at 37 dams in Puerto Rico. The stock was up 22% at $1.90 in early training. Shares are still down 6.4% from where they started the year. The provider of communications hardware and software solutions said Monday morning that the Puerto Rico Electric Power Authority awarded the project, with full funding from the U.S. Federal Emergency Management Agency. Genasys expects to recognize $60 million to $70 million in revenue over the duration of the project, which is expected to take about 18 months to complete.

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