Genasys Inc. GNSS
We are a global provider of Protective Communications ("Protective Communications") solutions, including our Genasys Protect software platform ("Genasys Protect") and Long Range Acoustic Device® ("LRAD®") hardware products. Our unified software platform receives information from a wide variety of sensors and Internet-of-Things ("IoT") inputs to collect real-time information on developing and active emergency situations. Genasys' customers use this information to create and disseminate alerts, warnings, notifications, and instructions through multiple channels before, during, and after public safety and enterprise threats, critical events, and other crisis situations.
Genasys Protect is a comprehensive portfolio of Protective Communications software and hardware systems serving federal governments and agencies; state and local governmental agencies, and education ("SLED"); and enterprise organizations in sectors including but not limited to oil and gas, utilities, manufacturing, automotive, and healthcare. Genasys Protect solutions have a diverse range of applications, including emergency warning and mass notification for public safety; critical event management for enterprise companies; de-escalation for defense and law enforcement; critical infrastructure protection; zone-based planning for accelerated, precise emergency response; secure and compliant cross-agency collaboration; and automated detection of real-time threats such as active shooters and severe weather.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Americas
- Europe, Middle East and Africa
- Asia Pacific
| Region | FY2025 | FY2024 |
|---|---|---|
| Americas | $34.4M | $17.3M |
| Europe, Middle East and Africa | $4.0M | $5.4M |
| Asia Pacific | $2.4M | $1.3M |
As the company reported it, from the “Major Customers, Suppliers and Related Information - Schedule of Revenues by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Hardware
- Software
| Segment | FY2025 | FY2024 |
|---|---|---|
| Hardware | $31.8M | $16.7M |
| Software | $8.9M | $7.3M |
As the company reported it, from the “Segment Information - Schedule of Segment Reporting Information by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.8M | $24.0M | $46.7M | $54.0M | $47.0M | $43.0M | $37.0M | $26.3M | $20.3M | $16.4M |
| Cost of revenue | $23.8M | $13.8M | $24.9M | $26.8M | $23.6M | $20.4M | $18.5M | $13.6M | $10.0M | $8.7M |
| Gross profit | $17.0M | $10.2M | $21.8M | $27.3M | $23.4M | $22.6M | $18.5M | $12.7M | $10.3M | $7.7M |
| R&D | $8.1M | $9.6M | $8.1M | $7.0M | $4.9M | $4.6M | $4.5M | $3.5M | $2.5M | $2.4M |
| SG&A | $25.7M | $27.3M | $24.6M | $22.6M | $17.4M | $12.0M | $10.8M | $10.7M | $8.6M | $6.9M |
| Total operating expenses | $33.8M | $36.9M | $32.7M | $42.8M | $22.3M | $16.6M | $15.3M | $14.2M | $11.1M | $9.3M |
| Operating income | -$16.8M | -$26.7M | -$11.0M | -$15.5M | $1.1M | $6.0M | $3.1M | -$1.5M | -$807.7K | -$1.6M |
| Interest expense | $1.6M | $603.0K | — | — | — | — | — | $20.9K | — | — |
| Pre-tax income | -$18.0M | -$32.1M | -$11.0M | -$15.5M | $1.1M | $6.2M | $3.4M | -$1.4M | -$679.2K | -$1.5M |
| Income tax | $119.0K | $405.0K | $7.4M | $741.0K | $434.0K | $5.7M | $572.0K | $2.4M | $197.6K | $186.2K |
| Net income | -$18.1M | -$31.7M | -$18.4M | -$16.2M | $704.0K | $11.9M | $2.8M | -$3.7M | -$876.8K | -$1.3M |
| EPS, basic | -0.40 | -0.72 | -0.50 | -0.44 | 0.02 | 0.36 | 0.09 | -0.12 | -0.03 | -0.04 |
| EPS, diluted | -0.40 | -0.72 | -0.50 | -0.44 | 0.02 | 0.35 | 0.08 | -0.12 | -0.03 | -0.04 |
| Shares, diluted (wtd. avg.) | 45.1M | 44.3M | 36.9M | 36.5M | 35.6M | 34.1M | 33.4M | 32.5M | 31.9M | 32.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $8.0M | $4.9M | $8.7M | $12.7M | $13.2M | $23.3M | $18.8M | $11.1M | $12.8M | $13.5M |
| Short-term investments | $70.0K | $7.9M | $1.5M | $6.4M | $5.7M | $4.3M | $3.7M | $3.6M | $4.4M | $2.9M |
| Receivables | $7.6M | $3.3M | $6.0M | $6.7M | $7.7M | $5.4M | $3.6M | $2.8M | $5.7M | $3.4M |
| Inventory | $8.8M | $7.3M | $6.5M | $6.0M | $6.4M | $5.9M | $5.8M | $6.7M | $5.3M | $4.8M |
| Total current assets | $39.3M | $26.1M | $25.2M | $35.6M | $35.5M | $40.1M | $34.0M | $27.7M | $29.0M | $25.2M |
| Property, plant and equipment | $1.1M | $1.3M | $1.6M | $1.8M | $1.8M | $1.9M | $2.3M | $2.4M | $509.6K | $473.3K |
| Goodwill | $13.4M | $13.3M | $10.3M | $10.1M | $23.8M | $2.5M | $2.3M | $2.4M | — | — |
| Other intangibles | $6.1M | $8.5M | $8.4M | $10.5M | $12.8M | $943.0K | $1.2M | $1.6M | $55.7K | $62.9K |
| Total assets | $63.9M | $53.9M | $49.9M | $71.9M | $90.1M | $66.2M | $47.1M | $41.9M | $38.9M | $36.8M |
| Accounts payable | $8.2M | $4.0M | $2.8M | $2.3M | $2.2M | $1.4M | $860.0K | $3.1M | $1.1M | $574.6K |
| Short-term debt | — | — | — | — | — | $300.0K | $279.6K | $296.6K | — | — |
| Total current liabilities | $54.4M | $14.1M | $11.3M | $15.4M | $17.5M | $10.3M | $9.3M | $6.6M | $3.7M | $2.1M |
| Long-term debt | — | — | — | $0 | $296.0K | $318.0K | $32.9K | $52.5K | — | — |
| Total liabilities | $61.7M | $36.4M | $16.1M | $21.5M | $24.2M | $17.0M | $11.7M | $8.4M | $3.7M | $2.2M |
| Retained earnings | -$125.9M | -$107.8M | -$76.1M | -$57.4M | -$41.2M | -$41.9M | -$53.7M | -$56.5M | -$52.8M | -$51.9M |
| Total equity | $2.2M | $17.6M | $33.8M | $50.4M | $66.0M | $49.1M | $35.4M | $33.5M | $35.2M | $34.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.8M | -$19.5M | -$9.6M | $468.0K | $6.2M | $6.9M | $9.9M | $1.3M | -$666.8K | -$1.1M |
| Depreciation and amortisation | $422.0K | $451.0K | $2.6M | $2.6M | $1.6M | $800.0K | $825.0K | $483.1K | $153.3K | $160.9K |
| Stock-based compensation | $1.7M | $1.7M | $1.6M | $2.2M | $1.4M | $980.0K | $735.0K | $584.9K | $1.1M | $605.4K |
| Capital expenditure | $255.0K | $191.0K | $239.0K | $381.0K | $208.0K | $140.0K | $343.0K | $625.8K | $182.3K | $162.3K |
| Investing cash flow | $7.9M | -$8.7M | $5.5M | -$89.0K | -$15.6M | -$3.1M | -$610.0K | -$2.8M | -$129.1K | -$999.4K |
| Financing cash flow | $4.0M | $23.9M | -$114.0K | -$1.1M | $13.0K | $679.0K | -$1.5M | $596.9K | $133.0K | -$2.7M |
| Dividends paid | — | — | — | — | — | — | $0 | $0 | $0 | $954.6K |
| Buybacks | — | — | $0 | $998.0K | $0 | $398.0K | $2.2M | $725.4K | — | $1.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-319294.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.4M | $20.3M | $26.3M | $37.0M | $43.0M | $47.0M | $54.0M | $46.7M | $24.0M | $40.8M |
| Gross profit | $7.7M | $10.3M | $12.7M | $18.5M | $22.6M | $23.4M | $27.3M | $21.8M | $10.2M | $17.0M |
| Net income | -$1.3M | -$876.8K | -$3.7M | $2.8M | $11.9M | $704.0K | -$16.2M | -$18.4M | -$31.7M | -$18.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Material agreement signed Item 1.01
- Results announced Item 2.02
- New debt or obligation Item 2.03
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3651
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| KN | Knowles Corp | $2.75B | 64.3x | 7.2% |
| SONO | Sonos Inc | $2.07B | — | -4.9% |
| UEIC | UNIVERSAL ELECTRONICS INC | $67.5M | — | -6.7% |
| KOSS | KOSS CORP | $32.7M | — | 3.1% |
| MSN | EMERSON RADIO CORP | $6.9M | — | -41.5% |
| SYNX | Silynxcom Ltd. | — | — | — |
| IMTE | Integrated Media Technology Ltd | — | — | 18.4% |
| SONY | Sony Group Corp | — | — | — |