Genasys Advances $75M PREPA Emergency Warning System Project in Puerto Rico; Construction Underway On 9 Dams, $5.6M Revenue Recognized YTD

Author: Benzinga Newsdesk | August 15, 2025 09:12am

​​Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today provided updated information related to the previously announced $75 million contract to provide the Puerto Rico Electric Power Authority (PREPA) with an Emergency Warning System (EWS) to protect residents and visitors downstream of the island's 37 dams. Since our last update in May, significant progress has been made on the project. The full deposit for the third group of dams has been received, and physical construction is underway on 9 of the 19 dams with design approval. Essentially all hardware necessary for the first two groups has been delivered to the island. Based on preliminary projections of percentage-of-completion accounting, Genasys recognized $5.6 million of project related revenue in fiscal 2025 year to date.

Posted In: GNSS