Genasys reports Q4 revenue down 37% YoY; FY2024 net loss $31.7M

Genasys Inc.

Revenue $6.7M in Q4 ($10.7M YoY); full-year $24.0M ($46.7M YoY).
GAAP net loss Q4 ($11.4M) or ($0.26) per share; FY ($31.7M) or ($0.72) per share.
Adjusted EBITDA FY ($22.1M) vs ($6.8M) prior year; operating expenses up on Evertel addition.
Record FY2024 bookings of $111M including $75M Puerto Rico dam contract; backlog $40M entering FY2025.
Software revenue up 93% in FY; hardware down 61%; cash $13.1M at year-end.

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