secwatch.observer — SEC 8-K summary
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Issuer:     Genasys Inc. (GNSS)
CIK:        0000924383
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001437749-23-033878
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924383/000143774923033878/0001437749-23-033878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924383/000143774923033878/gnss20231206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-033878

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