Genasys reports FY2022 revenue $54M (+15%), net loss $16.2M, CEO gets amended agreement

Genasys Inc.

FY2022 revenue $54.0M (+15% YoY); net loss $16.2M ($0.44/share) vs net income $0.7M in FY2021.
Includes $13.2M non-cash goodwill impairment due to SaaS market multiple decline from 15.5x to 5.5x.
Adjusted EBITDA $2.4M (FY2021: $4.1M); cash and marketable securities $19.9M, no debt.
CEO Danforth entered amended employment agreement: base salary $437,090, unvested equity accelerates on termination.
SaaS platform momentum: multi-year contracts from second global automaker, expanded to 7 countries, 19 states, 21 California counties.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Genasys Inc. reported the fiscal fourth quarter ended September 30, 2022 results: revenue $16.0 million, net income $13.8 million, EPS $0.38 per share.

Period: the fiscal fourth quarter ended September 30, 2022
Revenue: $16.0 million
Net income: $13.8 million
EPS: $0.38 per share
Result: reported results

Exact text from the filing

and business model ● Integrated Mass Notification System revenue grew 457% Fourth Quarter and Fiscal Year 2022 Financial Updates ● Fourth quarter revenue increased by 7% to $16.0 million, and fiscal year 2022 revenue increased by 15% to $54.0 million ● Fiscal fourth quarter bookings were $6.0 million, bringing total bookings for fiscal 2022 to $38.2 million. From

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Genasys Inc. reported the fiscal year ended September 30, 2022 results: revenue $54.0 million, net income $16.2 million, EPS $0.44 per share.

Period: the fiscal year ended September 30, 2022
Revenue: $54.0 million
Net income: $16.2 million
EPS: $0.44 per share
Result: reported results

Exact text from the filing

--- EX-99.1 3 ex_451680.htm EXHIBIT 99.1 ex_451680.htm Exhibit 99.1 Genasys Inc. Reports Fiscal Fourth Quarter and Full Year 2022 Financial Results Annual Revenue Up 15% to $54.0 Million SaaS Platform Gaining Momentum on Strategic Investments SAN DIEGO, CA – November 30, 2022 – Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and

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Source: SEC EDGAR

accession 0001437749-22-028195

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