Genasys Q1 revenue $10.5M (-2% YoY), net loss $3.5M; SaaS bookings record $6.1M

Genasys Inc.

2023-Q1 EPS reported -$0.10 revenue$10,487,000

Revenue $10.5M (-2% YoY); net loss $3.5M ($0.10 per share) vs loss $1.3M ($0.04) last year.
SaaS bookings hit record $6.1M; software revenue up 64% YoY, hardware down 5%.
Gross margin 43.3% (down from 48.2%) on higher component costs and software investment.
Cash & securities $15.1M, down from $19.9M at Sept 30, 2022.
Reiterated FY2023 outlook: continued revenue growth and significant SaaS revenue increase.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Genasys Inc. reported fiscal first quarter ended December 31, 2022 results: revenue $10.5 million, net income $3.5 million, or ($0.10) per share, EPS ($0.04) per share. Guidance reaffirmed.

Period: fiscal first quarter ended December 31, 2022
Revenue: $10.5 million
Net income: $3.5 million, or ($0.10) per share
EPS: ($0.04) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

by hardware orders, as well as a developing pipeline of SaaS opportunities." Mr. Danforth added, "In what is typically our slowest quarter, fiscal first quarter revenue was $10.5 million, in-line with our expectations. As per our usual pattern, we anticipate sequential quarterly revenue to increase in the fiscal second quarter and then strengthen in the fiscal

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Source: SEC EDGAR

accession 0001437749-23-002888

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