earnings
confidence high
sentiment positive
materiality 0.70
Genasys prelim Q3 revenue $7.0-7.5M; backlog $69M; expects record Q4
Genasys Inc.
- Preliminary Q3 revenue $7.0-7.5M; gross margin 55-58%; adjusted EBITDA loss ($3.0)-($3.3)M.
- Backlog exiting Q3 ~$69M; supply chain CROWS constraint resolved, revenue expected in Q4.
- Puerto Rico EWS project paused for customer payments; payments received post-quarter, work remobilized.
- Recently completed financing provides additional liquidity to support backlog execution.
- CEO expects fiscal Q4 to be strongest in company history; full-year record revenue and profitability intact.