Genasys Q1 revenue up 33% to $10.7M; net loss widens to $1.3M; reaffirms FY2022 record revenue outlook

Genasys Inc.

2022-Q1 EPS reported -$0.04 revenue$10,677,000

Revenue $10.7M, up 33% YoY; gross margin 45.9% vs 46.1% prior year.
Net loss $1.3M ($0.04 loss per diluted share) vs net loss $0.6M ($0.02 loss) a year ago.
Operating expenses $6.5M, up 48% YoY, driven by planned SaaS growth investment.
Cash and equivalents $17.5M at Dec 31, down from $20.7M at Sept 30; working capital $15.4M.
Reaffirmed FY2022 record revenue outlook; new SaaS contracts in TX, CA, and Slovenia.

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