Quarterly ResultMay 14, 2026, 04:19 PM
Genasys Q2 Revenue $15.5M, Net Income $0.7M; Loan Extended
AI Summary
Genasys Inc. reported strong fiscal Q2 2026 financial results, with revenue increasing significantly to $15.5 million and a return to GAAP net income of $0.7 million, or $0.02 per share. The company also achieved a gross margin of 63.3% and adjusted EBITDA of $2.5 million, marking a quarter of clear momentum and profitability. Additionally, Genasys extended the maturity date of its term loan from May 13, 2026, to July 13, 2026, in exchange for a 1.0% extension fee, aligning it with expected contractual cash receipts from the Puerto Rico EWS project.
Key Highlights
- Q2 2026 GAAP net income was $0.7 million ($0.02/share) vs. ($6.1) million ($0.14/share) in Q2 2025.
- Q2 2026 revenue increased 123.7% to $15.5 million from $6.9 million in Q2 2025.
- Gross margin improved to 63.3% in Q2 2026 from 37.7% in Q2 2025.
- Adjusted EBITDA was $2.5 million in Q2 2026 vs. ($5.1) million in Q2 2025.
- Term loan maturity extended from May 13, 2026, to July 13, 2026, with a 1.0% extension fee.
- GAAP operating income was $1.3 million in Q2 2026 vs. ($6.3) million operating loss in Q2 2025.
- Cash and cash equivalents totaled $1.0 million as of March 31, 2026.
- Company backlog is approximately $58 million.