earnings
confidence high
sentiment neutral
materiality 0.60
Genasys Q3 revenue up 12% to $14.2M; net loss $0.6M; backlog $30M
Genasys Inc.
2022-Q3 EPS reported
-$0.07
revenue$37,997,000
- Revenue of $14.2M, up 12% YoY; gross margin 46.5% down 440 bps on higher component costs.
- Net loss of $0.6M ($0.02 loss per diluted share) vs net income of $0.3M last year.
- Adjusted EBITDA of $0.4M, down from $1.4M in Q3 FY2021.
- Backlog reached $30M, up $6M sequentially; SaaS revenue from Zonehaven up 144% vs Q4 FY2021.
- Reaffirms outlook for record revenue; expanded into Colorado, Oregon, and added a California county.