Genasys Inc.

Genasys Inc. has entered into a $4.3 million unsecured term loan agreement with Maran Partners Fund, LP. The loan bears an 18% annual interest rate and matures on September 14, 2026. Proceeds will fund working capital and general corporate needs. The agreement includes a $301,000 origination fee deducted from the principal and potential exit fees based on repayment timing.

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.

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.