Genasys Q2 revenue up 17% to $13.2M; backlog jumps 73% to $23.9M

Genasys Inc.

2022-Q2 EPS reported -$0.05 revenue$23,845,000

Net loss of $0.5M ($0.01/diluted share) vs net income of $0.3M a year ago.
Gross margin improved to 52.9% from 46.5% on higher volume and mix.
Adjusted EBITDA positive at $0.9M; operating expenses up 59% on SaaS investment.
Reaffirms FY2022 record revenue outlook; signed 10 software contracts including Slovenia.
Director Laura Clague to retire June 30, 2022; no disagreement with company.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Laura M. Clague

Director

GNSS · Genasys Inc.

Effective: 2022-06-30
Filed: May 9, 2022, 7:59 PM ET

On May 6, 2022, the Company received notice from Laura M. Clague of her retirement from the Board of Directors of Genasys Inc. (the "Company") effective June 30, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Laura M. Clague retired as Director at Genasys Inc..

Action: retired
Role: Director

Exact text from the filing

On May 6, 2022, the Company received notice from Laura M. Clague of her retirement from the Board of Directors of Genasys Inc. (the "Company") effective June 30, 2022.

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Genasys Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-011516

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