Genasys FY2023 revenue down 13.5%; Q4 loss widens; software ARR grows 43%

Genasys Inc.

Q4 revenue $10.7M vs $16.0M YoY (-33%); FY revenue $46.7M vs $54.0M (-13.5%).
Q4 GAAP net loss ($10.1M) or ($0.27)/share vs ($13.8M) or ($0.38)/share YoY; adjusted loss ($0.07)/share.
FY GAAP net loss ($18.4M) or ($0.50)/share vs ($16.2M) or ($0.44)/share; adjusted loss ($0.30)/share.
Software recurring revenue up 43% YoY in Q4; expects FY2024 software revenue to more than double YoY.
Completed Evertel acquisition and $10.6M share offering after quarter end; cash balance $10.1M.

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 the fiscal fourth quarter ended September 30, 2023 results: revenue $10.7 million, net income ($10.1) million, EPS ($0.27).

Period: the fiscal fourth quarter ended September 30, 2023
Revenue: $10.7 million
Net income: ($10.1) million
EPS: ($0.27)
Result: reported results

Exact text from the filing

Revenue of $10.7 million, versus $16.0 million in 4Q 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Genasys Inc. reported the fiscal year ended September 30, 2023 results: revenue $46.7 million, net income ($18.4) million, EPS ($0.50). Guidance raised.

Period: the fiscal year ended September 30, 2023
Revenue: $46.7 million
Net income: ($18.4) million
EPS: ($0.50)
Guidance: raised
Result: reported results

Exact text from the filing

net loss of ($2.7) million vs. ($0.7) million in 4Q 2022. Adjusted net loss per share of ($0.07) vs. ($0.02) per share in 4Q 2022 Fiscal 2023 Financial Summary ● Revenue of $46.7 million, versus $54.0 million in fiscal 2022 ● GAAP operating loss of ($11.0) million, versus ($15.5) million in fiscal 2022. ● Adjusted EBITDA of ($6.8) million, versus $2.4 million in

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Genasys Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-033878

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