{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-003939","form_type":"8-K","ticker":"GNSS","cik":"0000924383","company_name":"Genasys Inc.","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.313695+00:00","generated_at":"2026-06-06T04:02:14.396610+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Genasys Q1 revenue down 58% to $4.4M, net loss per share ($0.15)","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-003939","json":"https://secwatch.observer/filing/0001437749-24-003939.json","markdown":"https://secwatch.observer/filing/0001437749-24-003939.md","text":"https://secwatch.observer/filing/0001437749-24-003939.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/924383/000143774924003939/0001437749-24-003939-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/924383/000143774924003939/gnss20240213_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:02:14.396610+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2d3cd9bd58da87f6081961317ae301634ba0d9e2","claim":"Genasys Inc. reported the fiscal first quarter ended December 31, 2023 results: revenue $4.4 million, net income ($6.7) million, EPS ($0.15).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/924383/000143774924003939/0001437749-24-003939-index.htm","confidence":0.96,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal first quarter ended December 31, 2023"},{"label":"Revenue","value":"$4.4 million"},{"label":"Net income","value":"($6.7) million"},{"label":"EPS","value":"($0.15)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}