secwatch.observer — SEC 8-K summary
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Issuer:     Genasys Inc. (GNSS)
CIK:        0000924383
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0000950170-24-134527
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924383/000095017024134527/0000950170-24-134527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924383/000095017024134527/gnss-20241209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-134527

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