---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-002888"
form_type: "8-K"
ticker: "GNSS"
cik: "0000924383"
company_name: "Genasys Inc."
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:18:13.821273+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-002888
- form_type: 8-K
- ticker: GNSS
- cik: 0000924383
- company_name: Genasys Inc.
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924383/000143774923002888/0001437749-23-002888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924383/000143774923002888/gnss20230209_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-002888
- JSON: https://secwatch.observer/filing/0001437749-23-002888.json
- Plain text: https://secwatch.observer/filing/0001437749-23-002888.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/924383/000143774923002888/0001437749-23-002888-index.htm

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