Genasys Q1 revenue surges 145.9% yr/yr

Reuters
Feb 11
Genasys Q1 revenue surges 145.9% yr/yr

Overview

  • Protective Communications firm's fiscal Q1 revenue rose 145.9% yr/yr

  • Adjusted EBITDA improved significantly but missed analysts' estimates

Outlook

  • Genasys expects annual gross margin to be approximately 50%

  • Company aims for operating and net income profitability in fiscal 2026

  • Genasys sees sustained growth driven by large-scale contracts and expanding market presence

Result Drivers

  • PUERTO RICO PROJECT - Revenue growth driven by strong execution on the Puerto Rico project, per CEO Richard Danforth

  • HARDWARE SALES - Increased hardware sales contributed to higher revenue and gross margin improvement

  • LOAN REPAYMENT - Full repayment of $4 mln loan demonstrates strong cash flow and balance sheet management

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

Beat

$17.07 mln

$16.50 mln (2 Analysts)

Q1 Net Income

-$817,000

Q1 Adjusted EBITDA

Miss

$749,000

$1 mln (2 Analysts)

Q1 Gross Profit

$8.18 mln

Q1 Income From Operations

-$352,000

Q1 Pretax Profit

-$692,000

Press Release: ID:nBw2Hs7Dza

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10