We recently compiled a list of the Why These 15 Hardware Stocks Are Skyrocketing So Far in 2025. In this article, we are going to take a look at where Genasys Inc. (NASDAQ:GNSS) stands against the other hardware stocks.
The hardware industry is one of the most promising industries you can invest in right now, and there is a good chance that many companies in this sector are going to deliver triple-digit gains this year. You can thank AI for that since it requires significant amounts of hardware and various types of electrical and industrial equipment.
Of course, the hardware industry is beyond just AI-related stocks. PC sales are forecasted to grow by 4% to 273 million units, while smartphone shipments are anticipated to reach 1.24 billion units. Robotics and the semiconductor sector are likely going to grow at double digits annually this decade on top of that.
Methodology
For this article, I screened the top-performing hardware stocks year-to-date. Stocks that I have covered recently will be excluded from this list.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
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A technician working on a complicated microchip embedded in a circuit board.
Genasys Inc. (NASDAQ:GNSS)
Number of Hedge Fund Holders In Q3 2024: 8
Genasys Inc. (NASDAQ:GNSS) is a communications company for emergency alerts.
The stock is up significantly so far in 2025 as it beat Q1 2025 earnings expectations. It reported a smaller-than-expected loss of $0.09 per share vs. a forecasted loss of $0.16. Revenue grew 59.1% year-over-year to $6.9 million.
Net loss narrowed to $4.1 million from $6.7 million year-over-year.
Plus, gross profit margin improved sharply to 45.8% from 33.9% in the prior year and had a $40 million backlog.
Genasys Inc. (NASDAQ:GNSS) had some major contract wins, which included a 4-year contract extension with Los Angeles County, a Maui Emergency Management Agency contract for EVAC and TRAFFIC AI, and a U.S. Bureau of Reclamation order for upgraded LRAD security systems at Hoover Dam.
The consensus price target of $5.33 implies 53.92% upside.
Genasys Inc. (NASDAQ:GNSS) stock is up 36.92% year-to-date.
Overall GNSS ranks 8th on our list of the hardware stocks that are skyrocketing so far in 2025. While we acknowledge the potential of GNSS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GNSS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.