Genasys Q3 revenue flat, GAAP loss widens to ($0.04)/share; guides Q4 down 5% sequentially

Genasys Inc.

2023-Q3 EPS reported -$0.23 revenue$35,962,000

Revenue $14.3M (+0.8% YoY); GAAP operating loss ($1.5M) vs ($0.6M) YoY.
Adjusted EBITDA loss ($0.4M) vs profit $0.4M YoY; net loss per share ($0.04) vs ($0.02).
Software revenue up 27.9% YoY; hardware down 0.7%. Recurring revenue up 47% YoY; software bookings up 180% YTD.
Cash & marketable securities $6.9M at June 30, down from $19.9M at Sept 30, 2022; since Aug 4, balance ~$9M.
Guidance: FY2023 revenue to decline from FY2022; Q4 revenues ~5% below Q3.

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 0.9

Genasys Inc. reported financial results for fiscal third quarter ended June 30, 2023.

Period: fiscal third quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 10, 2023, the Company issued a press release regarding its financial results for the fiscal third quarter ended June 30, 2023. A copy of the press release is furnished as Exhibit 99.1 hereto, and is incorporated by reference herein.

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Source: SEC EDGAR

accession 0001437749-23-023036

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