secwatch.observer — SEC 8-K summary
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Issuer:     Genasys Inc. (GNSS)
CIK:        0000924383
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001437749-24-024941
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genasys Q3 revenue halved to $7.2M; net loss widens to $6.7M; $75M Puerto Rico project approved
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- Revenue of $7.2M versus $14.3M in Q3 2023; GAAP net loss of ($6.7)M vs ($1.4)M; EPS ($0.15) vs ($0.04).
- Software revenue up 120% YoY; ARR reached $7.6M; hardware revenue down 62%.
- Adjusted EBITDA loss of ($4.3)M, compared to ($0.4)M in prior year quarter.
- FOMB approval received for $75M Puerto Rico PREPA dam project; revenue expected in FY2025/2026.
- Cash and equivalents $12.7M as of June 30, 2024; CROWS AHD program of record established.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924383/000143774924024941/0001437749-24-024941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924383/000143774924024941/gnss20240806_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024941

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