Genasys Inc
NASDAQ:GNSS
Genasys Inc
Genasys, Inc. provides critical communications systems and solutions and multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during, and after public safety threats and critical business events. The company is headquartered in San Diego, California and currently employs 148 full-time employees. The Company’s principal markets are North and South America, Europe, Middle East and Asia. The firm operates through two segments: Hardware and Software. The Company’s product lines include Long Range Acoustic Device (LRAD) Systems and PSMN Hardware Systems. Its LRAD Systems provides LRAD 100X, LRAD 100X MAG-HS KIT, LRAD 450XL, LRAD 500X-RE, LRAD 950RXL, LRAD 1000Xi, LRAD 1950XL and LRAD 2000X. Its PSMN Hardware Systems provides Genasys DS-60X/DS-60XL, Genasys 360XL, Genasys 360XL-MID, Genasys 360XL-MID Mobile Kit, Genasys 360XT and Genasys SoundSaber-X.
Genasys, Inc. provides critical communications systems and solutions and multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during, and after public safety threats and critical business events. The company is headquartered in San Diego, California and currently employs 148 full-time employees. The Company’s principal markets are North and South America, Europe, Middle East and Asia. The firm operates through two segments: Hardware and Software. The Company’s product lines include Long Range Acoustic Device (LRAD) Systems and PSMN Hardware Systems. Its LRAD Systems provides LRAD 100X, LRAD 100X MAG-HS KIT, LRAD 450XL, LRAD 500X-RE, LRAD 950RXL, LRAD 1000Xi, LRAD 1950XL and LRAD 2000X. Its PSMN Hardware Systems provides Genasys DS-60X/DS-60XL, Genasys 360XL, Genasys 360XL-MID, Genasys 360XL-MID Mobile Kit, Genasys 360XT and Genasys SoundSaber-X.
Record Revenue: Genasys delivered record quarterly revenue of $17.1 million, up 146% year-over-year, driven by strong hardware growth and contributions from key projects.
Gross Margin Expansion: Gross profit margin improved by 220 basis points year-over-year, with management reaffirming a full-year gross margin target of 50%.
Profitability Outlook: The company expects to achieve both operating and net income profitability for fiscal 2026.
Backlog & Pipeline: The backlog stands at $58 million, providing insulation from government budget delays, and the pipeline is described as robust and growing.
Balance Sheet Strength: Genasys repaid its $4 million term loan and ended the quarter with $10.3 million in cash.
Software Momentum: Software revenue was flat year-over-year at $2.3 million but grew 5% sequentially, with several contracts currently in the contracting phase.
Key Project Updates: Significant progress on the Puerto Rico dam project and early-stage revenue from the CROWS defense program are highlighted as major drivers.
