Genasys Q1 revenue down 58% to $4.4M, net loss per share ($0.15)

Genasys Inc.

2025-Q1 EPS reported -$0.15 revenue$4,361,000

Revenue $4.4M, down 58.4% YoY; GAAP net loss ($6.7M), EPS ($0.15) vs ($0.10) prior year.
Software revenue up 56.6% YoY; recurring software revenue up 84.9%; hardware down 69.3%.
Adjusted EBITDA loss ($6.1M) vs ($2.4M); gross margin 33.9% vs 46.1%.
Won $60-70M Puerto Rico dams EWS contract and multi-year deals with LA County and Utah.
Outlook: hardware back-end loaded in FY2024; hardware revenues expected near FY2022 levels.

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 0.96

Genasys Inc. reported the fiscal first quarter ended December 31, 2023 results: revenue $4.4 million, net income ($6.7) million, EPS ($0.15).

Period: the fiscal first quarter ended December 31, 2023
Revenue: $4.4 million
Net income: ($6.7) million
EPS: ($0.15)
Result: reported results

Exact text from the filing

continues to displace incumbents and win the business that is already generating a rapidly growing Annual Recurring Revenue (ARR).” Fiscal 1Q 2024 Financial Summary ● Revenue of $4.4 million, versus $10.5 million in 1Q 2023 ● GAAP operating loss of ($7.2) million, versus ($3.5) million in 1Q 2023. ● GAAP net loss of ($6.7) million versus ($3.5) million in 1Q 2023.

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Source: SEC EDGAR

accession 0001437749-24-003939

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