---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-028195"
form_type: "8-K"
ticker: "GNSS"
cik: "0000924383"
company_name: "Genasys Inc."
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T12:00:34.980642+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-028195
- form_type: 8-K
- ticker: GNSS
- cik: 0000924383
- company_name: Genasys Inc.
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924383/000143774922028195/0001437749-22-028195-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924383/000143774922028195/gnss20221130_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-028195
- JSON: https://secwatch.observer/filing/0001437749-22-028195.json
- Plain text: https://secwatch.observer/filing/0001437749-22-028195.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/924383/000143774922028195/0001437749-22-028195-index.htm
- Earnings Releases
  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
  source text: --- 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/924383/000143774922028195/0001437749-22-028195-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.