Genasys (GNSS) Company Report

Genasys Inc. has made substantial progress on its $75 million Puerto Rico Electric Power Authority (PREPA) Emergency Warning System (EWS) contract, with two groups of dams completed and additional compensation requested for further capabilities.
Work is currently underway on the third group, which is the largest and most complex, and a multimillion-dollar deposit has been received for the fourth group, initiating site surveys and engineering design activities.
The project is expected to be completed in 2027, with the majority of the work scheduled for 2026.

Jan 13, 2026, 2:00 PM

Press Release

Genasys Reports Strong Q4 and Fiscal Year 2025 Results, Projects Profitability in FY 2026

GNSS

Earnings

Revenue Acceleration/Inflection

Guidance Update

Genasys reported a strong Q4 2025, with revenue of $17 million, representing a 153% year-over-year increase, and achieved positive GAAP operating income of $1.3 million and adjusted EBITDA of $2.4 million, marking the first time in seven quarters.
For the full fiscal year 2025, revenue grew 70% to $40.8 million, driven by 91% growth in hardware revenue and 21% growth in software revenue.
The company ended FY 2025 with a backlog of over $60 million and anticipates being profitable on an operating and net income basis in FY 2026, with gross margins stabilizing around 50%.
Key projects contributing to revenue include the Puerto Rico project, which generated $13.2 million in FY 2025, and a $9 million CROWS AHD order secured in late September 2025, with revenue expected in the second half of FY 2026.

Dec 9, 2025, 9:30 PM

Transcript

Genesis Reports Record Q4 2025 Revenue and Positive Operating Income

GNSS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Genesis (GNSS) reported its largest revenue quarter in company history for Q4 2025, reaching $17 million, a 153% year-over-year increase. For the first time in seven quarters, the company delivered both positive operating income of $1.3 million and adjusted EBITDA of $2.4 million in Q4 2025.
For the full fiscal year 2025, Genesis generated $40.8 million in revenue, an increase of approximately 70% from 2024. The GAAP net loss for the year was negative $18.1 million, an improvement from negative $31.7 million in fiscal 2024.
As of September 30, 2025, Genesis had a backlog of over $60 million. The Puerto Rico project contributed $13.2 million in revenue in fiscal 2025 and is expected to be completed in 2027, with the majority of the work taking place in 2026. Additionally, the company secured a $9 million order for the CROWS program in late September.
Management expects to be profitable on both an operating and net income basis in fiscal year 2026. The company anticipates significant year-over-year revenue growth in both hardware and software businesses and expects to deliver gross margins of 50% throughout 2026.

Dec 9, 2025, 9:30 PM

Transcript

Genasys Reports Strong Q4 and Full-Year 2025 Results, Returns to Profitability

GNSS

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Genasys reported Q4 2025 revenue of $17 million, marking a 153% year-over-year increase and the largest revenue quarter in the company's history.
The company achieved positive operating income of $1.3 million and positive adjusted EBITDA of $2.4 million in Q4 2025, the first time in seven quarters for both metrics.
For fiscal year 2025, Genasys generated $40.8 million in revenue, a 70% increase from 2024, and ended the year with a backlog of more than $60 million as of September 30, 2025.
Management expects fiscal year 2026 to be profitable on both an operating and net income basis, with gross margins stabilizing around 50%.

Dec 9, 2025, 9:30 PM

Transcript

Genasys Inc. Reports Fourth Quarter and Fiscal Year 2025 Results

GNSS

Earnings

Revenue Acceleration/Inflection

Guidance Update

Genasys Inc. reported a significant increase in fiscal fourth quarter 2025 revenue to $17.0 million, up from $6.7 million in the prior year's quarter, and full-year 2025 revenue of $40.8 million, compared to $24.0 million in fiscal 2024.
The company returned to positive GAAP operating income of $1.3 million and Adjusted EBITDA of $2.4 million in the fiscal fourth quarter 2025, marking the first time in seven quarters.
Management anticipates sustained year-over-year revenue growth with gross margins near 50% for fiscal 2026, supported by a strong backlog.
As of September 30, 2025, cash, cash equivalents, and marketable securities totaled $8.0 million.

Dec 9, 2025, 9:08 PM

8-K

Genasys Reports Fourth Quarter and Fiscal Year 2025 Results

GNSS

Earnings

Revenue Acceleration/Inflection

Guidance Update

Genasys reported a significant increase in revenue for the fiscal fourth quarter 2025, reaching $17.0 million, and returned to positive GAAP operating income of $1.3 million and Adjusted EBITDA of $2.4 million.
For the full fiscal year 2025, revenue increased 69.8% to $40.8 million compared to fiscal year 2024, with a GAAP net loss of ($18.1) million.
The company's gross margin was 50.3% in Q4 2025, and management anticipates sustained year-over-year revenue growth with gross margins near 50% for fiscal 2026.
The Puerto Rico Early Warning System Project contributed $13.2 million to hardware revenue in fiscal 2025, and the company's cash, cash equivalents and marketable securities totaled $8.0 million as of September 30, 2025.

Dec 9, 2025, 9:05 PM

Press Release

Genasys Completes Alabama-Coushatta Tribe of Texas ACOUSTICS Installation

GNSS

New Projects/Investments

Guidance Update

Genasys Inc. has completed the Genasys Acoustics (Acoustics) installations and integrated its Genasys Protect software on the Alabama-Coushatta Tribe of Texas reservation.
The Genasys Protect software features autonomous weather activation via integration with the National Weather Service, enabling automatic activation of Acoustics systems based on NWS weather alerts.
The 10 Acoustics sites are strategically located across the 11,000-acre reservation, equipped with solar power, battery backup, and redundant connectivity to ensure resilience.
Genasys CEO Richard Danforth noted the company entered fiscal 2026 with a record hardware backlog and a record-setting software pipeline, indicating a strong business outlook.

Oct 13, 2025, 1:00 PM

Press Release

Genasys Secures $9M U.S. Army Contract

GNSS

New Projects/Investments

Profit Warning

Genasys Inc. secured a $9 million contract from the U.S. Army to supply Long Range Acoustic Device (LRAD) systems for integration into the Army's Common Remotely Operated Weapon Stations (CROWS) II Technical Refresh program, representing the first production order for Acoustic Hailing Devices under this initiative.
Despite this contract win, Genasys faces significant financial challenges, including severely negative operating and net margins of -82.88% and -92.19% respectively, declining revenue growth, and a distressed financial health rating signaling potential bankruptcy risk within two years.

Sep 29, 2025, 9:37 PM

Morningstar

Genasys Receives $9.0M LRAD Systems Order for CROWS Program

GNSS

New Projects/Investments

Product Launch

Guidance Update

Genasys Inc. announced a $9.0 million order for its Long Range Acoustic Device (LRAD) systems from the U.S. Army.
This order is for the CROWS (Common Remotely Operated Weapon Stations) program and is part of the CROWS II Technical Refresh program.
It represents the first Acoustic Hailing Device (AHD) production order for CROWS following the successful design, test, and qualification of the LRAD-450XL-RT in 2024.
Genasys expects to generate revenue from supporting the CROWS program for years to come.

Sep 29, 2025, 8:10 PM

Press Release

Genasys Reports Strong Q1 2025 Revenue Growth and Progress on Puerto Rico Project

GNSS

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Genasys reported strong Q1 FY25 financial results, with recurring software revenue increasing 69% year over year, total software revenue up 64%, and hardware revenue growing 57%. The gross profit margin improved to 45.8%, and adjusted EBITDA improved to a negative $4.8 million compared to negative $6 million in Q1 FY24.
The company's backlog grew to $40 million, including $8.8 million in Annual Recurring Revenue (ARR).
Significant progress was made on the Puerto Rico project, with a second deposit of $2.1 million received and written approval for the design of the third group of dams, which is expected to bring an additional $11 million deposit. Initial revenues from this project are expected in Q2 FY25, with more substantial recognition in Q3 FY25.
The Genasys Protect platform demonstrated robust performance during the January 2025 Southern California fires, processing over 183,000 requests per second and attracting over 2 million active users, contributing to the successful evacuation of hundreds of thousands of citizens.