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.)