---
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"
generated_at: "2026-06-06T04:02:14.396610+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-003939
- JSON: https://secwatch.observer/filing/0001437749-24-003939.json
- Plain text: https://secwatch.observer/filing/0001437749-24-003939.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/924383/000143774924003939/0001437749-24-003939-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.