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
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.
Others in SIC 3651
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| KN | Knowles Corp | $3.04B | 71.0x | 7.2% |
| SONO | Sonos Inc | $1.82B | — | -4.9% |
| UEIC | UNIVERSAL ELECTRONICS INC | $60.7M | — | -6.7% |
| KOSS | KOSS CORP | $33.9M | — | 3.1% |
| MSN | EMERSON RADIO CORP | $10.9M | — | -41.5% |
| SONY | Sony Group Corp | — | — | — |
| IMTE | Integrated Media Technology Ltd | — | — | 18.4% |
| SYNX | Silynxcom Ltd. | — | — | — |