Quarterly ResultMay 14, 2026, 04:20 PM
Genasys Q1 Revenue +124% to $15.5M; Swings to $0.72M Net Income
AI Summary
Genasys Inc. reported a significant increase in revenue and a swing to net income for the three months ended March 31, 2026. Total revenues surged by 124% year-over-year to $15.5 million, leading to a net income of $0.72 million, compared to a net loss of $6.14 million in the prior year. For the six-month period, the company also saw substantial revenue growth and a reduced net loss, indicating improved financial performance.
Key Highlights
- Q1 2026 Total Revenues: $15.5 million, up 124% from $6.93 million in Q1 2025.
- Q1 2026 Net Income: $0.72 million ($0.02 EPS), compared to a net loss of $6.14 million ($0.14 loss per share) in Q1 2025.
- Six Months Ended March 31, 2026 Total Revenues: $32.57 million, up from $13.87 million in prior year.
- Six Months Ended March 31, 2026 Net Loss: $0.094 million, significantly improved from $10.22 million loss in prior year.
- Cash and cash equivalents: $0.93 million as of March 31, 2026, down from $7.97 million at Sep 30, 2025.
- Net cash used in operating activities for six months: $(2.11) million, an improvement from $(5.38) million in prior year.
- Total stockholders' equity increased to $3.03 million from $2.17 million.