---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-004083"
form_type: "8-K/A"
ticker: "GNSS"
cik: "0000924383"
company_name: "Genasys Inc."
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:56:54.483114+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-004083
- form_type: 8-K/A
- ticker: GNSS
- cik: 0000924383
- company_name: Genasys Inc.
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924383/000143774924004083/0001437749-24-004083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924383/000143774924004083/gnss20240213_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-004083
- JSON: https://secwatch.observer/filing/0001437749-24-004083.json
- Plain text: https://secwatch.observer/filing/0001437749-24-004083.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/924383/000143774924004083/0001437749-24-004083-index.htm

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