earnings
confidence high
sentiment neutral
materiality 0.70
Genasys FY2021 revenue record $47M, up 9%; EPS $0.02 vs $0.35; backlog $36.1M, +217%
Genasys Inc.
2021-FY EPS reported
$0.02
revenue$47,003,000
- Q4 revenue $15.0M (+8% YoY); net income $0.8M ($0.02 diluted) vs $9.4M ($0.27) in prior year quarter which included $6.4M tax benefit.
- Full-year gross margin 49.8% vs 52.6%; adjusted EBITDA $4.1M vs $7.8M; cash & securities $20.7M, down from $31.4M.
- Record backlog $36.1M at year-end, up 217% from FY2020; bookings include $28M U.S. Army AHD orders and SaaS contract wins.
- FY2022 outlook: expects record revenue; operating expenses to increase $9-11M for growth investments; SaaS bookings seen up >50% YoY.
- Acquired Zonehaven and Amika Mobile in FY2021; launched SaaS platform for 10M+ people; targeting global multi-sector opportunities.