Latest news with #EarlyWarningSystem
Time of India
2 days ago
- Climate
- Time of India
IMD DGM Mrutynjay Mohapatra awarded United Nations Sasakawa Award-2025 for Disaster Risk Reduction
BATHINDA: Dr Mrutyunjay Mohapatra, Director General of Meteorology, India Meteorological Department ( IMD ), was awarded the United Nations Sasakawa Award 2025 for Disaster Risk Reduction. Established in 1986 with the support of The Nippon Foundation, the United Nations Sasakawa Award is the most prestigious international recognition in the field of disaster risk reduction. It honours individuals and institutions that made outstanding contributions to building disaster-resilient communities. The theme for 2025, 'Connecting science to people: Democratizing access to innovation and technology for disaster-resilient communities,' underscores the significance of Dr Mohapatra's groundbreaking work in minimising deaths due to any cyclone over the north Indian Ocean region, not only in India but also in 13 WMO/ESCAP Panel member countries bordering the Bay of Bengal and the Arabian Sea. Known as the "Cyclone Man of India," he was instrumental in making scientific forecasting accessible to vulnerable populations, thereby saving countless lives and minimizing disaster impacts across the country. He pioneered impact-based forecasting, tailoring warnings for farmers, fishermen, infrastructure, and disaster managers. His people-centric approach brought accuracy, clarity, and trust. This accolade not only recognises Dr Mohapatra's insightful leadership but also reaffirms India's growing role in advancing global disaster risk management. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esse novo alarme com câmera é quase gratuito em Lajeado (consulte o preço) Alarmes Undo The India Meteorological Department expresses gratitude to the Prime Minister, minister of Earth Sciences, and Secretary, Ministry of Earth Sciences, for encouragement for improvement of the Early Warning System benefiting not only the country but also the entire region. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
Business Wire
13-05-2025
- Business
- Business Wire
Genasys Inc. Reports Fiscal Second Quarter 2025 Financial Results
SAN DIEGO--(BUSINESS WIRE)-- Genasys Inc. (NASDAQ: GNSS), the leader in Protective Communications, today announced financial results for the Company's fiscal second quarter ended March 31, 2025. Richard S. Danforth, Chief Executive Officer of Genasys, Inc., commented, 'The second half of fiscal 2025 is on track to see significant operational acceleration from the first six months. Planning and production of materials for the first three groups in Puerto Rico is in full swing with initial implementation on the island already underway. For the full year, our revenue expectations for significant growth in the second half of fiscal 2025, particularly in the fourth quarter, remain strong.' Continuing, Mr. Danforth said, 'The deposit on the third group of dams, which was discussed on last quarter's conference call has not yet been received. Absent the third deposit, which is expected shortly, the company sought and secured additional bridge capital of $4 million from our existing lender to maintain momentum towards delivery on its backlog.' Fiscal 2Q 2025 Financial Summary Revenue of $6.9 million, versus $5.7 million in 2Q 2024 GAAP operating loss of ($6.3) million, versus ($6.9) million in 2Q 2024. GAAP net loss of ($6.1) million versus ($7.0) million in 2Q 2024. GAAP net loss per share ($0.14) versus ($0.16) in 2Q 2024. Adjusted EBITDA of ($5.1) million, versus ($5.7) million in 2Q 2024. Business Highlights Generated first revenues from Puerto Rico dams project in fiscal 2Q 2025 Dennis Klahn, CFO of Genasys, Inc. announced his intention to retire. Amended 2024 loan agreement to secure bridge financing of $4 million, with access to additional $4 million. Announced $2.5 million in LRAD bookings with US Military. Received $1.0 million in LRAD orders for Critical Infrastructure Protection (CIP) from the energy sector Announced partnership with FloodMapp, extending the functionality of Genasys EVAC customers to better plan for and respond to flood events Business Outlook Genasys has begun the implementation phase of the Puerto Rico Early Warning System project, and we have a final understanding of how revenue recognition over the course of the project is going to be recorded. Planning, design, permitting and material procurement is underway for the first three groups of dams. As expected, initial revenues were recorded in the fiscal second quarter for the delivery and installation of a large generator. In the June quarter, we expect to record limited revenues from material being shipped to the island. Importantly, hardware shipment revenues will be recorded at cost. Installations will then enable profits on the material to be realized on a Percent Of Completion (POC) basis for the labor associated towards completion of each dam. Because of this accounting treatment, gross profit margins on the project will be initially suppressed, before eventually reflecting the profitability of each dam's value upon completion. Based on the current production and delivery schedules, and installation timelines, Genasys now expects to realize between $15 million and $20 million in Puerto Rico related revenue in fiscal 2025. While revenue recognition is different than we initially expected, the operational implementation and expected cash flows are no different than our original assessment Despite funding uncertainty at the federal level, hardware Bookings continue to improve year over year with bookings through March up 48% versus the prior year period. Our current hardware backlog, excluding the Puerto Rico project, is over $12 million. Additionally, we expect to receive the first production purchase order under the AHD-CROWS program in the second half of fiscal 2025. Software bookings slowed in the March quarter. Though the software pipeline is up over 100% since the beginning of this fiscal year, current uncertainty at the federal level has begun to affect State and local level procurements. Operating Expenses in the second quarter were down roughly 3% both sequentially and year over year. Going forward, we expect quarterly operating expenses to remain near the second fiscal quarter 2025 levels. The bridge financing and access to additional capital that we are announcing today is expected to provide Genasys the necessary capital to move through the Puerto Rico implementation and to begin profit realization on the project. Additionally, substantial contracts for both hardware and software are being negotiated that are expected to provide further support of the overall business prospects beyond fiscal 2025. Fiscal 2Q 2025 Financial Review Fiscal second quarter revenue was $6.9 million, a 21% increase from $5.7 million in the prior year's fiscal second quarter. Software revenue increased 29% while hardware revenue increased 17%, compared with the fiscal 2024 second quarter. Within software, quarterly recurring revenue increased 28% year over year and ARR finished the quarter at $8.6 million. Gross profit margin was 37.7%, compared with 37.9% in the second quarter of fiscal 2024. The depressed gross margin is primarily attributable to the underutilization of hardware revenue as well as cost increases associated with the unprecedented volume of activity on our software systems during the January fires in Los Angeles. Operating expenses of $8.9 million decreased from $9.2 million in the fiscal second quarter of 2024. Selling, general and administrative expenses were essentially flat year over year at $6.6 million in the quarter ended March 31, 2025. Research and development expenses decreased 12% year over year to $2.2 million. GAAP net loss in the quarter was ($6.1) million, or ($0.14) per share, compared with a GAAP net loss of ($6.9) million, or ($0.16) per share, in the second quarter of fiscal 2024. Excluding other income and expense, net income tax expense (benefit), depreciation, stock-based compensation and amortization of intangibles, Adjusted EBITDA was ($5.1) million for the second quarter of fiscal 2025, compared with ($5.7) million for the prior fiscal year period. Cash, cash equivalents and marketable securities totaled $7.2 million as of March 31, 2025 compared with $13.1 million as of September 30, 2024. We include in this press release the non-GAAP operational metrics of adjusted EBITDA, which we believe provide helpful information to investors with respect to evaluating the Company's performance. Adjusted EBITDA represents our net loss before other income and expense, net, income tax expense (benefit), depreciation and amortization expense and stock-based compensation. We do not consider these items to be indicative of our core operating performance. The items that are non-cash include depreciation and amortization expense and stock-based compensation. Adjusted EBITDA is a measure used by management to understand and evaluate our core operating performance and trends and to generate future operating plans, make strategic decisions regarding allocation of capital and invest in initiatives that are focused on cultivating new markets for our solutions. In particular, the exclusion of certain expenses in calculating Adjusted EBITDA facilitates comparisons of our operating performance on a period-to-period basis. Webcast and Conference Call Details Management will host a conference call to discuss the financial results for the second quarter of fiscal year 2025 this afternoon at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time. To access the conference call, dial toll-free (888) 390-3967, or international at (862) 298-0702. A webcast will also be available at the following link: Questions to management may be submitted before the call by emailing them to: ir@ A replay of the webcast will be available approximately four hours after the presentation on the investors page of the Company's website. About Genasys Inc. Genasys Inc. (NASDAQ: GNSS) is the global leader in Protective Communications. Incorporating the most comprehensive portfolio of preparedness, response, and analytics software and systems, as well as the Company's Long Range Acoustic Devices® (LRAD®) the Genasys Protect platform is designed around one premise: ensuring organizations and public safety agencies are 'Ready when it matters™.' Protecting people and saving lives for over 40 years, Genasys covers more than 155 million people in all 50 states and in over 100 countries worldwide. For more information, visit Forward-Looking Statements Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in any forward-looking statement. The risks and uncertainties in these forward-looking statements include without limitation the business impact of geopolitical conflicts and other causes that may affect our supply chain, and other risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control. Risks and uncertainties are identified and discussed in our filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from our current expectations. For more information regarding other potential risks and uncertainties, see the 'Risk Factors' section of the Company's Form 10-K for the fiscal year ended September 30, 2024. Genasys Inc. disclaims any intent or obligation to publicly update or revise forward-looking statements, except as otherwise specifically stated. Genasys Inc. Consolidated Statements of Operations (Unaudited - in thousands, except per share amounts) Three Months Ended March 31, Six Months Ended March 31, 2025 2024 2025 2024 (unaudited) (unaudited) (unaudited) (unaudited) Revenues $ 6,932 $ 5,739 $ 13,872 $ 10,100 Cost of revenues 4,322 3,562 8,084 6,444 Gross profit 2,610 2,177 5,788 3,656 37.7 % 37.9 % 41.7 % 36.2 % Operating expenses Selling, general and administrative 6,648 6,640 13,482 13,158 Research and development 2,217 2,531 4,502 4,722 Total operating expenses 8,865 9,171 17,984 17,880 Loss from operations (6,255 ) (6,994 ) (12,196 ) (14,224 ) Other income, net 187 51 2,050 128 Loss before income taxes (6,068 ) (6,943 ) (10,146 ) (14,096 ) Income tax (expense) benefit 71 (5 ) 71 (434 ) Net loss $ (6,139 ) $ (6,938 ) $ (10,217 ) $ (13,662 ) Net loss per common share - basic and diluted $ (0.14 ) $ (0.16 ) $ (0.23 ) $ (0.31 ) Weighted average common shares outstanding - basic and diluted 45,002 44,248 44,957 44,027 Net loss $ (6,139 ) $ (6,938 ) $ (10,217 ) $ (13,662 ) Other income, net (187 ) (51 ) (2,050 ) (128 ) Income tax expense (benefit) 71 (5 ) 71 (434 ) Depreciation and amortization 692 731 1,428 1,460 Stock based compensation 414 524 805 970 Adjusted EBITDA $ (5,149 ) $ (5,739 ) $ (9,963 ) $ (11,794 ) Expand
Cision Canada
07-05-2025
- Business
- Cision Canada
Crisil named Category Leader in Chartis Credit Lending Operations
NEW YORK and LONDON, May 7, 2025 /CNW/ -- Crisil, the global provider of advanced analytics and credit risk management solutions, has been recognised as Category Leader in the Chartis Credit Lending Operations, 2025: Quadrant Update. The recognition, published in April 2025, underscores Crisil's strengths in providing cutting-edge loan origination products and market leading credit lifecycle solutions to clients worldwide. It highlights the holistic value proposition of our managed services for loan operations, including loan servicing, data remediation, limit and covenant monitoring. The Quadrant Update emphasises Crisil's position as a global leader in the credit risk management space through evaluation of its credit and risk capabilities, analytics, artificial intelligence (AI) and technology, and the dynamic feedback mechanism of its solutions. Says Ashish Vora, President, Crisil Intelligence, "We are proud to be recognised as Category Leader by Chartis. This achievement is a testament to delivering products that empower our clients to accelerate their credit decisioning and transform their credit operations. We continue to invest in AI-based analytics, cutting-edge technology and credit capabilities to stay ahead of the curve and enhance our customer centricity." The Crisil solutions covered as part of this Quadrant Update include: Credit+ suite for credit lending operations Credit+ Loan Origination: Enables clients to seamlessly manage and automate their origination process and incorporate GenAI in credit note generation and credit decisioning Credit+ Pricing Engine: Helps bank's relationship managers identify mis-priced transactions, relationships, and products using AI / ML and heuristics-based approach and recommends product pricing Credit+ Early Warning System: Helps financial institutions actively monitor the quality of their credit portfolio and lower loan-loss contingencies. It leverages GenAI to monitor internal and external data, rule-based flags, and multi-dimensional triggers to detect changes in credit quality and provide risk managers with actionable insights and corrective action plans Analytics and point solutions across collateral management, limit management and loan management journeys. This is enabled through Crisil's extensive domain expertise and technology capabilities Loan management system (LMS) migrations including system transformations, architecture rationalisations and data remediation Transaction management, including deal originations and deal setups in LMS, including risk oversight of loans throughout their lifecycle Post-close services managed across syndicated/bilateral facilities and agented/participant transactions Portfolio management activities such as periodic covenant monitoring, ongoing limit monitoring and breach reporting, Early Warning System trigger and alert monitoring, and collateral management system updates Says Abhik Pal, Global Head of Practice, Crisil Integral IQ, "The Chartis recognition reinforces our position as the preferred industry partner and is a testament to our commitment to provide utmost customer outcomes by combining managed services and tech-enabled solutions. Our comprehensive managed services, backed by our strong technical and domain capabilities, make us a trusted partner for activities across the value chain, including system migration, data remediation, loan servicing and periodic system updates." About Crisil Intelligence (formerly Market Intelligence & Analytics) Crisil Intelligence is a leading provider of research, consulting, risk solutions and advanced data analytics, serving clients across government, private and public enterprises. We leverage our expertise in data-driven insights and strong benchmarking capabilities to help clients navigate complex external ecosystems, identify opportunities and mitigate risks. By combining cutting-edge analytics, machine learning and AI capabilities with deep industry knowledge, we empower our clients to make informed decisions, drive business growth and build resilient capacities. For more information, visit About Crisil Integral IQ (formerly Global Research & Risk Solutions) Crisil Integral IQ delivers solutions and actionable intelligence to top financial institutions, driving strategic transformation, risk optimization, and operational excellence. Our offerings across research, risk, lending, analytics and operations have empowered clients to navigate complex markets, mitigate risks and unlock new opportunities. Our domain expertise, innovative solutions, future-ready technologies such as AI and data science give clients the confidence to accelerate growth and achieve sustainable competitive advantage. Our globally diverse workforce operates in the Americas, Asia-Pacific, Europe, Australia and the Middle East. For more information, visit About Crisil Crisil is a global, insights-driven analytics company. Our extraordinary domain expertise and analytical rigour help clients make mission-critical decisions with confidence. Large and highly respected firms partner with us for the most reliable opinions on risk in India, and for uncovering powerful insights and turning risks into opportunities globally. We are integral to multiplying their opportunities and success. Headquartered in India, Crisil is majority owned by S&P Global. Founded in 1987 as India's first credit rating agency, our expertise today extends across businesses: Crisil Ratings, Crisil Intelligence, Crisil Coalition Greenwich and Crisil Integral IQ. Crisil's global workforce operates in the Americas, Asia-Pacific, Europe, Australia and the Middle East, setting the standards by which industries are measured. For more information, visit Crisil Privacy Disclaimer This press release is transmitted to you for the sole purpose of dissemination through your newspaper/ magazine/ agency. The press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Crisil. However, Crisil alone has the sole right of distribution of its press releases for consideration or otherwise through any media including websites, portals, etc. Crisil has taken due care and caution in preparing this press release. Information has been obtained by Crisil from sources which it considers reliable. However, Crisil does not guarantee the accuracy, adequacy or completeness of information on which this press release is based and is not responsible for any errors or omissions or for the results obtained from the use of this press release. Crisil especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this press release.
Forbes
18-04-2025
- Health
- Forbes
AI Using What Nurses See Sinks Deaths Stunning 36%, But Grant Pulled
An innovative use of artificial intelligence that essentially monitors hospital patients through the eyes of the nurses involved in care resulted in a stunning 36% drop in deaths. However, funding to extend the research with adults to sick children was abruptly cancelled by the Trump administration. In a one-year trial of an AI system operating in real time at four hospitals in two highly regarded organizations – NewYork-Presbyterian and Mass General Brigham – in-hospital deaths plunged 35.6% compared to usual care, while the length of stay decreased 11.2%, according to a study in Nature Medicine. Put differently, the study estimated that 84 people who might previously have died did not, and some 31,000 individuals on average went home almost 15 hours earlier. 'Our vision is that this system is put into every hospital in this country and beyond,' said Sarah Rosetti, the co-principal investigator of the study, in an interview. Rosetti is both a veteran critical care nurse and an associate professor at Columbia University's Department of Biomedical Informatics. It was Rosetti's academic affiliation that triggered a sudden cancellation of the study's National Institute of Nursing Research grant meant to enable continued research and expansion to pediatric patients. The grant was a casualty of the Trump administration withdrawing $400 million in funding from Columbia over its alleged weak response to antisemitic campus demonstrations. Although Rosetti's co-PI, Kenrick Cato, is a clinical informatics researcher at the University of Pennsylvania, and although Columbia eventually acceded to the administration's demands, there's been no indication if or when the grant will be restored. The idea for the AI system goes back more than 20 years, said Rosetti, to a time when she was a hospital nurse working with critically ill patients and using thick paper flow sheets to document everything from vital signs to personal observations. When experienced nurses were worried, she noticed, they returned to the patient's room more often and wrote more detailed descriptions. 'You can be critically stable or critically unstable,' Rosetti noted, 'and there's a very different approach to care depending on which of those two buckets you're in.' After becoming an informatics researcher, Rosetti assembled a team from several institutions to build an AI system that would transform what nurses observed 'into a new data point that everyone could see and focus on.' The result was a system with an easy-to-remember acronym and a cumbersome full name: The Communicating Narrative Concerns Entered by RNs (CONCERN) Early Warning System (EWS). CONCERN uses more than 1,200 'ensemble-based models' that take into account not only what nurses document in the electronic health record, but factors such as the number of days the patient has been hospitalized, whether it's a weekday or weekend, the time of year, the time of day or night, the nurse shift and many more. The resulting prediction model identified patients at risk of deterioration two days earlier than the standard Modified Early Warning Score, which relies on vital signs and lab results. A key to an actual death-rate reduction was that CONCERN provided a concrete data point to replace a nurse's more nebulous 'I'm worried' instinct that sometimes gets expressed, sometimes is repressed due to a reluctance to bother a physician and sometimes, research shows, even when conveyed promptly fails to get promptly acted upon. The researchers worked extensively with both doctors and nurses in CONCERN's design, integrating it with the existing clinical workflow and explaining how different inputs influenced the predictions. That, in turn, built the trust that led to a swifter response when the system's green light turned to a warning yellow or urgent red. As a result, more patients were rushed to the intensive care unit – unexpected ICU transfers rose – but there was a 7.5% reduced risk of sepsis, a hard-to-detect infection that can cause fatal organ failure without immediate treatment. The hospitals involved included one academic medical center and one community institution from each of the two health systems. But Rosetti told me that a less-advanced version of CONCERN was independently validated by another research team using retrospective data at over 200 hospitals. What that indicates, she said, is that nurse documentation behavior is consistent and that the system should be effective at all types of institutions in all sorts of situations. Despite the extraordinary drop in patient deaths demonstrated so far, the team is scrambling to make up the $500,000 grant that was to enable it to test the system at a children's hospital. Nonetheless, the researchers hope to be able to proceed with the work at the pediatric hospital and also plan to expand the research to two more adult hospitals. They are also preparing a limited number of academic research licenses that come with a suite of tools enabling a simple linking of any EHR to the CONCERN system using the FHIR interoperability standard. Separately, Columbia has applied for a patent that would enable the kind of revenue flow needed to aggressively roll out the system nationwide, including in low-resource areas. What the researchers have not yet determined is whether saving lives saves money, although they believe they have reduced costs while making care safer. Still, a lessened length of stay with more short bouts of intensive care might or might not reduce total health care costs and might or might not improve a hospital's own revenue. The hospitals involved in the study continue to use CONCERN, Rosetti said, and the two health systems are considering how to expand its use to all of their hospitals.
CBC
25-02-2025
- Climate
- CBC
How the early warning system for earthquakes works in B.C.
Seismologist Alison Bird explains how the Early Warning System for earthquakes works in B.C. and why some residents in southwest B.C. may not have received an alert after a magnitude 4.7 quake last Friday.
