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Genasys (GNSS) Secures $2M Contract with Singapore Navy
Genasys Inc. (GNSS) has secured a $2 million contract from the Republic of Singapore Navy for its LRAD 950NXTs to be installed on unmanned surface vessels, potentially leading to future orders. Despite this win, the company faces financial challenges, including negative earnings, declining gross margins, and high debt, placing it in a financially distressed zone. Investors are advised to consider these risks and the company’s valuation metrics carefully.