GNSS

A quarter of clear momentum, marked by a return to profitability and gross margin over 63% SAN DIEGO, May 14, 2026--(BUSINESS WIRE)--Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications™, today announced financial results for the Company’s fiscal 2026 second quarter ended March 31, 2026. Fiscal Q2 2026 Financial Summary Revenue of $15.5 million, versus $6.9 million in the fiscal 2025 second quarter Gross margin of 63.3%, versus 37.7% in the fiscal 2025 second quarter GAAP operating income of $1.3 million, versus a GAAP operating loss of ($6.3) million in the fiscal 2025 second quarter Adjusted EBITDA of $2.5 million, versus ($5.1) million in the fiscal 2025 second quarter GAAP net income of $0.7 million, versus ($6.1) million in the fiscal 2025 second quarter GAAP net income per share $0.02 basic and diluted, versus ($0.14) in the fiscal 2025 second quarter Recent Business Highlights and Developments Extended maturity of term loan to July 13, 2026, aligning the maturity with expected contractual cash receipts, including collections associated with the Puerto Rico Dams Early Warning System (EWS) project. Initial $9.0 million LRAD® order for Common Remotely Operated Weapon Station (CROWS) II Technical Refresh program has begun production and is expected to be completed in fiscal 2026. Continued delivery and execution of the Puerto Rico EWS project, with Groups 3, 5, and 6 completed and Group 1 on track for completion next month. Expanded Genasys Protect® coverage with five new California municipal wins (San Jose, Palo Alto, Milpitas, Burbank, Santa Clara Fire District), lifting California coverage past 25.5 million residents and demonstrating accelerating SaaS sales velocity. Deepened Arizona footprint with paired Acoustics orders from the City of Sedona and Coconino County, with each deployment strengthening customer relationships and increasing the likelihood of follow-on orders. Two counties, Latah County (Idaho) and Davidson County (North Carolina), replaced their legacy emergency warning systems with Genasys Protect, expanding the Company’s geographic footprint. Secured a $2.0 million LRAD order from the Republic of Singapore Navy for unmanned surface vessels, broadening Genasys’ global defense customer base. Management Commentary and Outlook "The fiscal second quarter marked an important inflection point, headlined by a return to n...

This article first appeared on GuruFocus. Release Date: May 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Genasys Inc (NASDAQ:GNSS) achieved GAAP net income profitability and strong gross margins, indicating disciplined execution and operational efficiency. The company reported a significant year-over-year revenue increase of 124%, driven by both hardware and software sales. Genasys Inc (NASDAQ:GNSS) successfully completed several phases of the Puerto Rico Dam Early Warning System project, contributing $10.3 million to revenue. The company is experiencing strong demand for its software solutions, with pipeline growth supported by recent wins in new geographies. Genasys Inc (NASDAQ:GNSS) has a robust backlog of $58 million, reflecting strong execution and continued replenishment from new bookings. Payments from the Puerto Rico project have been slower than expected, affecting cash flow and necessitating a 60-day extension for debt repayment. The company's cash position is relatively low, with only $1 million in cash equivalents and marketable securities as of March 31, 2026. The hardware revenue growth is heavily reliant on the Puerto Rico project, which may pose a risk if further delays occur. Operating expenses, although decreased by 4% year-over-year, remain significant at $8.5 million for the quarter. The extension of the debt maturity reflects timing issues, indicating potential challenges in aligning cash receipts with financial obligations. Warning! GuruFocus has detected 6 Warning Signs with GNSS. Is GNSS fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide details on the CROWS shipments and expectations for the second half of the year? Also, what larger opportunities are in the pipeline? A: We began production of CROWS in Q2, with deliveries expected largely in Q3 and Q4. Regarding larger opportunities, we have a significant international opportunity at the final award stage, and we expect to hear about it in the coming days. - Richard Danforth, CEO Q: What should we expect for gross margins and revenue in the third and fourth quarters? A: Our current gross margin is 55.3%, influenced by product mix. We expect Q3 revenue to be higher than Q2, with a potential slight decrease in Q4. - Cassandra Monteon, CFO Q: Can you elaborate on the sales cycle for the five n...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved GAAP net income profitability through disciplined execution and a significant organizational rightsizing effort that reduced operating expenses. Revenue growth of 124% year-over-year was primarily driven by the $10.3 million contribution from the Puerto Rico Dams Early Warning System project. Gross margins expanded to 63.3% due to a favorable product mix and the recognition of high-margin revenue as technical risks in the Puerto Rico project were retired. The hardware segment is benefiting from a multiyear tailwind in critical infrastructure protection, specifically within the defense, energy, and utility sectors. Software growth is being sustained by inbound interest for Genasys Protect, which differentiates itself by integrating mass notification with situational awareness and mapping. Management successfully extended debt maturity by 60 days to align with the timing of expected cash receipts from the Puerto Rico project. Management expects to achieve record revenue for fiscal 2026, supported by a $58 million backlog and a strong second-half pipeline. Annualized gross margins are projected to remain above 50%, though specific quarterly margins will fluctuate based on project mix and hardware delivery timing. The CROWS-AHD technology refresh program is expected to complete its initial $9 million order within the fiscal year, with a total addressable market estimated at $175 million. The company anticipates receiving orders for 26 additional LRAD 950 NXT units from a major U.S. utility following a successful initial installation. Guidance assumes the collection of approximately $13 million in outstanding Puerto Rico receivables to retire existing debt by the July 13, 2026, maturity date. The 60-day debt extension reflects a timing mismatch between project execution and payment processing in Puerto Rico, rather than underlying business performance. Technical risks for the Puerto Rico project have been fully retired, shifting management's focus entirely to execution and collection of remaining balances. Operating expenses have been stabilized at approximately $8.5 million per quarter following the completion of structural rightsizing. One stock. Nvidia-level potential. 30M+ investors trust Moby to fin...

Genasys (GNSS) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to a loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +166.67%. A quarter ago, it was expected that this developer of directed sound technologies used by the military and police would post a loss of $0.01 per share when it actually produced a loss of $0.02, delivering a surprise of -100%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Genasys, which belongs to the Zacks Communication - Network Software industry, posted revenues of $15.51 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.01%. This compares to year-ago revenues of $6.93 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Genasys shares have lost about 13.8% since the beginning of the year versus the S&P 500's gain of 8.8%. While Genasys has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Genasys was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can s...

SAN DIEGO (AP) — SAN DIEGO (AP) — Genasys Inc. (GNSS) on Thursday reported earnings of $723,000 in its fiscal second quarter. On a per-share basis, the San Diego-based company said it had net income of 2 cents. The developer of directed sound technologies used by the military and police posted revenue of $15.5 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNSS at https://www.zacks.com/ap/GNSS

Image source: The Motley Fool. Thursday, May 14, 2026 at 4:30 p.m. ET Chief Executive Officer — Richard S. Danforth Chief Financial Officer — Cassandra Hernandez-Monteon Clay Liolios: Good afternoon, everyone. Thank you for participating in today's conference call. To discuss Genasys, Inc. Fiscal Second Quarter 2026 Results ended 03/31/2026. Joining us on today's call are the company's Chief Executive Officer, Richard S. Danforth and chief financial officer, Cassandra Hernandez-Monteon. Before we begin, let me remind everyone of the company's safe harbor disclaimer. Certain portions of our comments today will concern future expectations, plans and prospects of the company that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 2 thousand. Forward looking statements include all statements containing verbs such as aims, anticipates, estimates, expects, believes, intends, plans, predicts, will, may, continue, projects, or targets, and negatives of these words and similar words or expressions. Forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated by the forward looking statements. Factors that could affect our results include among others, those that are discussed under the heading Risk Factors in our most recently filed reports with the SEC. Including our annual report on Form 10-K, our quarterly reports on Form 10-Q, and our current reports on Form 8-K. In addition, this call includes discussions of certain non GAAP financial measures, including adjusted EBITDA. The most directly comparable GAAP measures and reconciliations for non GAAP measures are available in the earnings release and other documents posted on the company's website under Investor Relations. A replay of the webcast will be available approximately 4 hours after the presentation through the conference call link on the Events and Presentations page of the company's website. With that, I would like to turn the call over to Genasys CEO, Richard S. Danforth. Richard S. Danforth: Thank you, Clay, and thank you all for joining us today. Before we get into our second quarter, as some of you have probably seen, we filed an 8-K today announcing a 60-day extension for the repayment of our debt. Currently, we are owed $13 million...

Interested in Genasys Inc.? Here are five stocks we like better. Genasys posted a major turnaround in Q2, with revenue jumping 124% year over year to $15.5 million and GAAP net income of $600,000 versus a $6.1 million loss a year ago. Gross margin improved to 63.3%, reflecting stronger hardware sales, software growth, and tighter operating discipline. The Puerto Rico Dam Emergency Warning System project is the main growth driver, contributing $10.3 million in the quarter and remaining on schedule. Management said roughly $13 million in related receivables are expected to be collected and used to help retire debt. Management sees record fiscal 2026 revenue ahead and expects continued profitability, with annualized gross margins above 50%. Backlog ended at $58 million, and the company highlighted additional opportunities in CROWS, utility infrastructure, and software deals, including repeat wins in California. Genasys (NASDAQ:GNSS) reported a fiscal second-quarter profit and sharply higher revenue, with management describing the period as an “inflection point” driven by the Puerto Rico Dam Emergency Warning System project, stronger hardware sales and improved operating discipline. The protective communications company said revenue for the quarter ended March 31, 2026, rose 124% year over year to $15.5 million. Chief Executive Officer Richard Danforth said $10.3 million of that total was associated with the Puerto Rico project, which remains on schedule. He said the company has completed groups three, five and six, with group one expected to finish in June. → Micron Investors Face a High-Stakes Moment After the Latest Rally “This quarter represented a meaningful inflection point for Genasys,” Danforth said. “We delivered GAAP net income profitability and strong gross margins, reflecting the impact of disciplined execution, operational right-sizing, and improved sales execution across the organization.” Chief Financial Officer Cassandra Hernandez-Monteon said Genasys generated a 63.3% gross margin in the quarter, helped by product mix, revenue recognition tied to the Puerto Rico project and increased software sales. The company expects to deliver gross margins above 50% on an annualized basis. → How Bad Could Tesla’s Cybertruck Recall Be for Shares? Hardware revenue grew roughly 180% from the year-earlier period, including the Puerto Rico contribution. Total sof...

SAN DIEGO, April 30, 2026--(BUSINESS WIRE)--Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications, today announced plans to release financial results for its fiscal second quarter ended March 31, 2026, after the market close on Thursday, May 14, 2026. A conference call to discuss the fiscal second quarter financial results will be held at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time. Conference call details Date: May 14, 2026 Time: 4:30 p.m. Eastern / 1:30 p.m. Pacific Toll-Free Dial-In Number: (800) 715-9871 (U.S. Toll-Free) International Dial-In Number: +1 (646) 307-1963 (U.S. & International Toll) Webcast: https://app.webinar.net/Gv12AZkr3Bj Please dial in 10 minutes prior to the start time and tell the operator you are calling in for the Genasys Fiscal Second Quarter 2026 Financial Results Call. Questions to management may be submitted before the call by emailing them to [email protected]. A replay of the webcast will be available approximately four hours after the presentation through the Conference Call link on the Events & Presentations page of the Company’s website. About Genasys Inc. Genasys Inc. (Nasdaq: GNSS) is the global leader in Protective Communications™, providing the most comprehensive portfolio of preparedness, response, and analytics software and hardware solutions available. The company’s Long Range Acoustic Device® (LRAD®) and Protect Platform, which includes Genasys Protect® and Genasys Evertel®, are designed around one premise: ensuring organizations and public safety agencies are Ready when it matters®. Protecting people and saving lives for over 40 years, Genasys covers more than 155 million people in all 50 states and in over 100 countries worldwide. For more information, visit genasys.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260430663213/en/ Contacts Investor Relations Contact Scott Liolios and Clay Liolios Gateway Group, Inc. 949-574-3860 [email protected]

Genasys reported record quarterly revenue of $17.1 million (up 146% YoY) led by hardware (≈220% growth); gross margins improved ~220 basis points toward an expected annualized 50%, with GAAP operating loss narrowing to $0.4M and adjusted EBITDA turning positive $0.7M. Project and program momentum: the company recognized $9.8 million from the Puerto Rico program (third dam group under construction, fourth group initiated) and ended the quarter with a $58 million 12‑month backlog, while the CROWS‑AHD initiative has a $9 million production order and a total addressable market exceeding $175 million, with initial CROWS revenue expected in H2. Balance sheet and guidance: management repaid a $4 million term loan, held $10.3 million in cash and equivalents, and says it has sufficient capital to meet obligations while targeting operating income, GAAP net income for fiscal 2026 and margin expansion to 50%. Interested in Genasys Inc.? Here are five stocks we like better. Genasys (NASDAQ:GNSS) executives highlighted record quarterly revenue, improving profitability metrics, and continued momentum in both hardware and software during the company’s fiscal first-quarter 2026 earnings call covering results for the period ended December 31, 2025. CEO Richard Danforth said the company “built on the strong foundation laid in the back half of fiscal year 2025” and delivered record quarterly revenue of $17.1 million. CFO Cassandra Monteon reported revenue was up 146% year-over-year, driven primarily by hardware performance. → Once Upon A Farm: Buy the $1B Growth Story? Hardware revenue grew roughly 220% from the year-ago period, including $9.6 million tied to the Puerto Rico project. Total software revenue was $2.3 million, flat versus the year-ago quarter, though Monteon and Danforth noted software revenue increased about 5% sequentially. Monteon said gross profit margins improved by 220 basis points year-over-year due to product mix, and the company expects annualized gross margins to be “roughly 50%.” Operating expenses totaled $8.1 million, down 6% from the prior-year period, which management attributed primarily to cost reduction initiatives completed at the end of 2025. → 3 ETFs Designed to Survive the Next Market Crash On profitability metrics, Monteon reported: GAAP operating loss of $0.4 million, compared with a $5.9 million operating loss in the year-ago quarter. Adju...

Achieved record quarterly revenue of $17.1 million, a 146% year-over-year increase, primarily driven by a 220% surge in hardware demand. Performance was significantly bolstered by the Puerto Rico dam project, which contributed $9.6 million in revenue during the quarter. Strengthened the balance sheet by retiring a $4.0 million term loan while maintaining a cash position of $10.3 million to ensure financial flexibility. LRAD systems are seeing expanded international demand in Middle Eastern and Asian markets, supported by organic media coverage of successful real-world deployments. Software revenue grew 5% sequentially despite near-term conversion challenges caused by government budget cycles and frozen federal grants. Management attributes gross margin performance to product mix, while the decrease in operating expenses was primarily driven by cost-reduction initiatives completed in the prior fiscal year. Reiterated expectations for full-year GAAP net income and operating income profitability for fiscal 2026. Targeting an annualized gross margin of 50%, with management noting that quarterly fluctuations will occur based on specific project mix. The CROWS AHD program is expected to contribute initial revenue in the second half of fiscal 2026, targeting a total addressable market of over $175 million. The Puerto Rico project remains on track for a 2027 completion, with site surveys and engineering designs beginning for the fourth group of dams. Anticipates a 'thawing' of government funding constraints in the coming months, which is expected to accelerate software sales cycles. Completed the first two dam groups in Puerto Rico; the third and largest group is currently under construction with all equipment on-site. Received a multi-million dollar deposit for the fourth group of eight dams located in the mountainous West Central interior of Puerto Rico. Identified a 12-month backlog of $58 million, which management believes provides a significant buffer against federal budget uncertainties. Acknowledged that while the FY 2026 defense budget passed, additional CROWS awards may not fall within the current fiscal year due to timing constraints. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management stated that their $58 million backlog largely insulates the c...

Image source: The Motley Fool. Tuesday, Feb. 10, 2026 at 4:30 p.m. ET Chief Executive Officer — Richard S. Danforth Chief Financial Officer — Cassandra Hernandez-Monteon Need a quote from a Motley Fool analyst? Email [email protected] Clay Liolios: Ended 12/31/2025. Joining us on today's call are the company's Chief Executive Officer, Richard S. Danforth, and Chief Financial Officer, Cassandra Hernandez-Monteon. Before we begin, let me remind everyone of the company's safe harbor disclaimer. Certain portions of our comments today will concern future expectations, plans, and prospects of the company that constitute forward-looking statements for purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements containing verbs such as aims, anticipates, estimates, expects, believes, intends, plans, predicts, will, may, continue, projects, or targets, and negatives of these words and similar words or expressions. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. Factors that could affect our actual results include, among others, those that are discussed under the heading Risk Factors in our most recent filed reports with the SEC, including our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and our Current Reports on Form 8-K. In addition, this call includes discussions of certain non-GAAP financial measures, including adjusted EBITDA. The most directly comparable GAAP measures and reconciliations for non-GAAP measures are available in the earnings release and other documents posted to the company's website under Investor Relations. A replay of the webcast will be available approximately four hours after the presentation through the conference call link on the Events and Presentations page of the company's website. With that, I would now like to turn the call over to Genasys' CEO, Richard S. Danforth. Richard S. Danforth: Thank you, Clay, and welcome, everyone. In the 2026, we built on the strong foundation laid in the back half of fiscal year 2025. We delivered a record quarterly revenue of $17,100,000 and executed several key initiatives. The first of these was the appointment of Cassandra Hernandez-Monteon as a full-time Chief Financia...