secwatch.observer — SEC 8-K summary
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Issuer:     Genasys Inc. (GNSS)
CIK:        0000924383
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001437749-23-013024
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genasys Q2 revenue falls 14.8% YoY to $11.2M; guides FY2023 down slightly
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- GAAP net loss per share ($0.09) vs ($0.01) prior year; adjusted EBITDA loss ($2.3M) vs profit $0.9M.
- Revenue $11.2M down 14.8% YoY; software revenue up 26.7%, hardware down 17.1%.
- Gross margin dropped to 43.9% from 54.5% on higher component costs.
- Cash $12.5M, no debt; expects positive adjusted EBITDA in H2 but full year negative.
- New contracts: San Diego County full platform, Aramco multi-year, large tourist destination IMNS.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924383/000143774923013024/0001437749-23-013024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924383/000143774923013024/gnss20230505_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013024

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