secwatch.observer — SEC 8-K summary
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Issuer:     Genasys Inc. (GNSS)
CIK:        0000924383
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0001437749-21-027239
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genasys FY2021 revenue record $47M, up 9%; EPS $0.02 vs $0.35; backlog $36.1M, +217%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924383/000143774921027239/0001437749-21-027239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924383/000143774921027239/gnss20211119_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-027239

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