secwatch.observer — SEC 8-K summary
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Issuer:     Genasys Inc. (GNSS)
CIK:        0000924383
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001437749-23-023036
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924383/000143774923023036/0001437749-23-023036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924383/000143774923023036/gnss20230809_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer