Genasys Q1 revenue $4.4M down 58% YoY; Puerto Rico dam contract worth $60-$70M

Genasys Inc.

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

Revenue $4.4M (-58.4% YoY); GAAP net loss ($6.7M) vs ($3.5M) YoY; EPS ($0.15).
Software revenue up 56.6% YoY; hardware down 69.3%; recurring software revenue up 84.9%.
Gross margin 33.9% vs 46.1% due to lower hardware volume.
Selected for Puerto Rico dam Early Warning System, $60M-$70M integrated solution.
Cash $13.6M; expects heavily back-end loaded FY with hardware revenue approaching 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 0.95

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

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

Exact text from the filing

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. GAAP net loss per share ($0.15) versus ($0.10) in 1Q 2023.

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Source: SEC EDGAR

accession 0001437749-24-004083

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