Genasys (GNSS) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to a loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -27.27%. A quarter ago, it was expected that this developer of directed sound technologies used by the military and police would post a loss of $0.13 per share when it actually produced a loss of $0.14, delivering a surprise of ...

Genasys (GNSS) Q3 2025 Earnings Call August 14, 2025 04:30 PM ET Speaker0Good day, ladies and gentlemen, and welcome to the Genesis Incorporated Fiscal Third Quarter twenty twenty five Conference Call. All lines have been placed on a listen only mode and the floor will be opened for questions and comments following the presentation. At this time, it is my pleasure to turn the floor over to your host, Brian Alger, SVP of Senior Relations and Corporate Development. Sir, the floor is yours.Speaker1Good afterno ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 000-24248 GENASYS INC. (Exact name of registrant as specified in its charter) Delaware 87-0361799 (State or other jurisdiction of ...

Exhibit 99.1 Genasys Inc. Reports Fiscal Third Quarter 2025 Financial Results Instrumentation and Software for 1st Dam Accepted in Puerto Rico SAN DIEGO – August 14, 2025 Genasys Inc. (NASDAQ: GNSS), the leader in Protective Communications, today announced financial results for the Company's fiscal third quarter ended June 30, 2025. Genasys is well underway with the implementation of the Puerto Rico EWS project. In the third fiscal quarter, the Company recorded $4.3 million in project-related revenue, with ...

Company Overview - Genasys has a market capitalization of $150 million, with $14 million in cash and $15 million in debt as of December 31, 2024[7] - The company estimates a total addressable market (TAM) of $5.5 billion[7] - Genasys Protect platform is used in over 100 countries worldwide[7] Recent Contracts and Projects - Genasys received over $10 million in cash deposits for the first two approved groups of Puerto Rico dams[13] - FEMA approved over $41.3 million for the construction phase of the Early Warning System (EWS) for 17 dams in 12 municipalities in Puerto Rico[16] - The Puerto Rico Early Warning System (EWS) project is fully funded by FEMA for $94.3 million[17] CROWS EOF Program - The FY24 DOD Appropriations Bill added $20 million to the CROWS program ($5 million for RDT&E and $15 million for Procurement)[25] - Tech Feasibility Study phase II cost $950K[25] California Market - Genasys Protect covers 25 million of California's 39.5 million population[32] - Genasys Protect is used in 36 of California's 58 counties[32]

Financial Data and Key Metrics Changes - In Q2 of fiscal 2025, the company reported flat revenues sequentially but a 21% increase year-over-year [22] - Hardware revenues grew slightly sequentially and were up 17% year-over-year, while total software revenue increased by 29% year-over-year but decreased by 3% sequentially [22] - Gross profit margin was 37.7%, flat compared to the prior year but down nearly eight points from the previous quarter [23] - The GAAP net loss for Q2 was $6.1 million, an improvement from a loss of $7 million in the same quarter last year [23] Business Line Data and Key Metrics Changes - The hardware business is expected to see significant growth in the second half of fiscal 2025, particularly from the Puerto Rico project [6][10] - Bookings for the LRAD business are tracking ahead of the previous year, contributing to an improved twelve-month backlog [10] - Software business is experiencing sequential growth despite some delays in closing larger deals, particularly at the state level [19] Market Data and Key Metrics Changes - Demand for both critical infrastructure and military needs is improving, with new use cases emerging [11] - The company remains a trusted communication partner across 39 states, with significant expansion in its software offerings [17] Company Strategy and Development Direction - The company is focused on maintaining momentum and capturing opportunities, particularly in hardware and software sectors [9][20] - The Puerto Rico project is a key strategic initiative, with expectations for substantial revenue recognition in the second half of the fiscal year [25][26] - The company is expanding into non-traditional markets, leveraging software to secure hardware opportunities [42] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges in forecasting due to federal budget uncertainties but remains optimistic about growth and profitability in the fourth quarter [20] - The company expects to recognize significantly more revenues in the second half of the fiscal year compared to the first half [26] - Management is confident in the financial turnaround, supported by a growing backlog and expanding pipeline [27] Other Important Information - The company signed a $4 million bridge loan to maintain momentum while awaiting a down payment for the Puerto Rico project [9] - The CFO announced retirement plans, marking a transition period for the company [21] Q&A Session Summary Question: Can you clarify the revenue recognition process for the Puerto Rico project? - The initial material shipments will be recorded at cost, with higher gross margins expected as installation progresses [34] Question: What is the status of groups four to seven in the Puerto Rico project? - The third group has been approved, and detailed design processes for the next groups will begin shortly [36] Question: How dependent is the opportunity pipeline on federal funds? - The dependency on federal grants varies widely, particularly in the software sector [38] Question: What is the expected size of the CROs opportunity? - The CROs opportunity is expected to annualize at around $10 to $15 million [40] Question: Are there any pressures on supply chains related to the Puerto Rico deal? - Currently, there are no significant pressures on supply chains, and materials are being delivered as planned [44] Question: Have international opportunities experienced longer lead times due to federal budget issues? - No additional delays have been noted for international opportunities [56]

Financial Data and Key Metrics Changes - In Q2 of fiscal 2025, the company reported flat revenues sequentially and a 21% increase year-over-year [22] - Hardware revenues grew slightly sequentially and were up 17% year-over-year, while total software revenue grew 29% year-over-year but decreased 3% sequentially [22] - Gross profit margin was 37.7%, flat compared to the prior year but down nearly eight points from the previous quarter [23] - The GAAP net loss for Q2 was $6.1 million, an improvement from a loss of $7 million in the same quarter last year [24] Business Line Data and Key Metrics Changes - The hardware business is expected to see significant growth in the second half of fiscal 2025, particularly from the Puerto Rico project [6][10] - Bookings for the LRAD business are tracking ahead of the previous year, contributing to an improved twelve-month backlog [10] - Software business is experiencing a growing pipeline, with a more than 100% increase in pipeline measurement since the beginning of fiscal 2025 [13] Market Data and Key Metrics Changes - International and domestic demand for critical infrastructure and military needs is improving, with new use cases emerging [11] - The company remains a trusted communication partner across 39 states, with significant expansion in its software platform [16] Company Strategy and Development Direction - The company is focused on maintaining momentum and capturing opportunities, particularly in hardware and software sectors [8][20] - Management is optimistic about the growth trajectory, especially in the fourth quarter of fiscal 2025, with a broadening pipeline for both hardware and software offerings [20][28] Management's Comments on Operating Environment and Future Outlook - The operating environment is challenging to forecast due to federal budget uncertainties, but the company expects substantial growth and improved profitability [20] - Management anticipates significant revenue recognition in the second half of the fiscal year, particularly from the Puerto Rico project [27] Other Important Information - The company secured a $4 million bridge loan to maintain operational momentum while awaiting a deposit for the Puerto Rico project [9][26] - The company has implemented new safeguards and enhancements to its software platform following recent incidents during emergency situations [16] Q&A Session Summary Question: Clarification on revenue recognition and gross margins - The initial material shipments will be recorded at cost, leading to zero gross margin before higher margins kick in upon installation milestones [35][36] Question: Progress on additional groups for the Puerto Rico project - The third group has been approved, and the detailed design process for the next groups will begin shortly [38] Question: Impact of federal budgets on opportunity pipeline - The company did not provide a specific percentage but noted that many software opportunities are dependent on grants [40] Question: Size of the CROs opportunity - The expected annualized revenue from the CROs opportunity is projected to be between $10 million to $15 million [42] Question: Update on nontraditional markets and opportunities - The software is driving the company into different markets, including a recent $73 million hardware opportunity related to emergency messaging [45] Question: Supply chain pressures related to the Puerto Rico deal - The company is not experiencing additional pressures on supply chains, and materials are being delivered as planned [46][59]

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Genasys Inc.'s unaudited financials for March 31, 2025, show decreased assets and equity, alongside a narrowed net loss and improved operating cash flow [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$49.7 million** while liabilities rose to **$41.7 million** as of March 31, 2025, leading to a sharp decline in stockholders' equity Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 (Unaudited) | September 30, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$49,721** | **$53,936** | | Cash and cash equivalents | $5,667 | $4,945 | | Short-term marketable securities | $1,409 | $7,945 | | Total current assets | $23,420 | $26,140 | | Goodwill | $13,257 | $13,329 | | **Total Liabilities** | **$41,665** | **$36,373** | | Accrued liabilities | $17,401 | $9,030 | | Notes payable, at fair value | $12,810 | $12,010 | | Warrant liability | $3,220 | $6,640 | | **Total Stockholders' Equity** | **$8,056** | **$17,563** | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For Q2 2025, total revenues increased to **$6.9 million** with a narrowed net loss of **$6.1 million**, reflecting improved performance over the prior year Statement of Operations Summary (in thousands, except per share data) | Metric | Q2 2025 | Q2 2024 | Six Months 2025 | Six Months 2024 | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $6,932 | $5,739 | $13,872 | $10,100 | | Gross Profit | $2,610 | $2,177 | $5,788 | $3,656 | | Loss from Operations | $(6,255) | $(6,994) | $(12,196) | $(14,224) | | Net Loss | $(6,139) | $(6,938) | $(10,217) | $(13,662) | | Net Loss per Share | $(0.14) | $(0.16) | $(0.23) | $(0.31) | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities significantly improved to **$5.4 million** for the six months ended March 31, 2025, with investing activities providing **$6.5 million** Cash Flow Summary (in thousands) | Activity | Six Months Ended March 31, 2025 | Six Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(5,375) | $(12,496) | | Net cash provided by (used in) investing activities | $6,461 | $(3,347) | | Net cash provided by financing activities | $25 | $10,218 | | **Net increase (decrease) in cash** | **$1,057** | **$(5,629)** | - The improvement in operating cash flow was primarily due to a smaller net loss and a significant increase in accrued liabilities, which included a **$9.7 million** customer deposit for the Puerto Rico project[15](index=15&type=chunk)[95](index=95&type=chunk)[98](index=98&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the Evertel acquisition, **$14.3 million** in remaining performance obligations, fair value measurements, and segment performance showing software growth - On October 4, 2023, the Company acquired Evertel Technologies LLC for a total consideration of **$4.6 million**, consisting of cash, common stock, and contingent consideration, adding **$2.9 million** to goodwill[33](index=33&type=chunk)[36](index=36&type=chunk)[39](index=39&type=chunk) - As of March 31, 2025, the company had approximately **$14.3 million** in remaining performance obligations, with about **98%** expected to be recognized as revenue over the next 12 months, including **$9.7 million** related to the Puerto Rico contract[60](index=60&type=chunk) - The company has a **$15 million** Term Loan due in May 2026, recorded at a fair value of **$12.8 million** as of March 31, 2025, with associated warrants classified as a liability with a fair value of **$3.2 million**[103](index=103&type=chunk)[104](index=104&type=chunk)[107](index=107&type=chunk) Segment Revenue and Operating Loss (Six Months Ended March 31, in thousands) | Segment | Revenue 2025 | Revenue 2024 | Operating Loss 2025 | Operating Loss 2024 | | :--- | :--- | :--- | :--- | :--- | | Hardware | $9,310 | $6,945 | $(6,363) | $(5,886) | | Software | $4,562 | $3,155 | $(5,833) | $(8,338) | | **Total** | **$13,872** | **$10,100** | **$(12,196)** | **$(14,224)** | - On May 9, 2025, the company amended its Term Loan agreement to receive an additional **$4 million** loan, with a potential for another **$4 million**, maturing on December 31, 2025[157](index=157&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=37&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a **21%** Q2 2025 revenue increase, narrowed net loss, and strategic growth initiatives, with Adjusted EBITDA loss improving to **$10.0 million** [Overview and Business Outlook](index=37&type=section&id=Overview%20and%20Business%20Outlook) Genasys provides Protective Communications solutions, anticipating future growth from key contracts like the **$75 million** Puerto Rico Early Warning System and a new U.S. Army program - The company offers a unified, end-to-end Protective Communications platform combining software (ALERT, EVAC, CONNECT) and hardware (ACOUSTICS, LRAD)[163](index=163&type=chunk)[165](index=165&type=chunk) - Future growth is expected from a fully funded contract of up to **$75 million** for Puerto Rico's Early Warning System and a new U.S. Department of Defense CROWS program[186](index=186&type=chunk) - Key business developments include a contract with Maui for EVAC services, a mass notification software contract with Los Angeles County, and a **$3.35 million** follow-on maintenance agreement with the Indian Navy[189](index=189&type=chunk) [Results of Operations](index=45&type=section&id=Results%20of%20Operations) Q2 2025 revenues increased **21%** to **$6.9 million**, with gross profit up **20%**, driven by higher sales and a favorable product mix, while operating expenses remained flat Comparison of Three Months Ended March 31 (in thousands) | Metric | 2025 | 2024 | Change | Change % | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $6,932 | $5,739 | $1,193 | 20.8% | | Gross Profit | $2,610 | $2,177 | $433 | 19.9% | | Loss from Operations | $(6,255) | $(6,994) | $739 | (10.6)% | Comparison of Six Months Ended March 31 (in thousands) | Metric | 2025 | 2024 | Change | Change % | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $13,872 | $10,100 | $3,772 | 37.3% | | Gross Profit | $5,788 | $3,656 | $2,132 | 58.3% | | Loss from Operations | $(12,196) | $(14,224) | $2,028 | (14.3)% | - The increase in hardware revenue for Q2 2025 was largely due to higher backlog, including **$1.23 million** from initial deliveries for the Puerto Rico contract[204](index=204&type=chunk) - Software revenue growth was driven by a **28%** increase in recurring revenue for the quarter and a **46%** increase for the six-month period[204](index=204&type=chunk)[217](index=217&type=chunk) [Segment Results and Adjusted EBITDA](index=52&type=section&id=Segment%20Results%20and%20Adjusted%20EBITDA) The Software segment's operating loss narrowed by **28%** in Q2 2025, contributing to an improved total Adjusted EBITDA loss of **$10.0 million** for the six-month period Adjusted EBITDA Reconciliation (in thousands) | | Three Months Ended March 31, | Six Months Ended March 31, | | :--- | :--- | :--- | | | **2025** | **2024** | **2025** | **2024** | | Net loss | $(6,139) | $(6,938) | $(10,217) | $(13,662) | | **Adjusted EBITDA** | **$(5,149)** | **$(5,739)** | **$(9,963)** | **$(11,794)** | - The Software segment's Adjusted EBITDA loss improved by **31.8%** in Q2 2025 and **35.3%** in the six-month period, reflecting revenue growth and cost management[232](index=232&type=chunk)[236](index=236&type=chunk) - The Hardware segment's Adjusted EBITDA loss increased by **21.7%** in Q2 2025 and **11.5%** in the six-month period, primarily due to higher operating expenses related to the Puerto Rico project[232](index=232&type=chunk)[236](index=236&type=chunk) [Liquidity and Capital Resources](index=53&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2025, the company held **$5.7 million** in cash, with management believing current capital is sufficient for the next twelve months, despite potential needs for additional funds Cash and Liquidity (in thousands) | Account | March 31, 2025 | September 30, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $5,667 | $4,945 | | Short-term marketable securities | $1,409 | $7,945 | - Cash used in operating activities for the six months ended March 31, 2025, was **$5.4 million**, an improvement from **$12.5 million** used in the prior-year period[245](index=245&type=chunk)[246](index=246&type=chunk) - Management believes current capital is sufficient for the next twelve months but notes that additional capital may be needed and may not be available on satisfactory terms[241](index=241&type=chunk)[244](index=244&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=55&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company considers its direct exposure to foreign exchange rate fluctuations minimal due to transactions primarily in U.S. dollars or naturally hedged local currencies - The company's direct exposure to foreign currency risk is considered minimal as most transactions are denominated in U.S. dollars or local currencies of its foreign subsidiaries, which acts as a natural hedge[250](index=250&type=chunk) [Item 4. Controls and Procedures](index=55&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2025, with no material changes in internal control over financial reporting during the quarter - Management, including the principal executive and financial officers, concluded that disclosure controls and procedures were effective at a reasonable assurance level as of March 31, 2025[253](index=253&type=chunk) - No changes in internal control over financial reporting occurred during the fiscal quarter ended March 31, 2025, that materially affected, or are reasonably likely to materially affect, internal controls[254](index=254&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=58&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any pending material legal proceedings - As of the report date, there are no pending material legal proceedings to which the Company is a party or to which any of its property is subject[258](index=258&type=chunk) [Item 1A. Risk Factors](index=58&type=section&id=Item%201A.%20Risk%20Factors) New risks include adverse effects from international trade policies and specific challenges related to the Puerto Rico Early Warning System project, which could delay or disrupt benefits - International trade policies, including tariffs and sanctions, could raise costs, reduce margins, and negatively impact customer demand[260](index=260&type=chunk) - The ability to realize the full benefits of the Puerto Rico Early Warning System project is at risk due to Puerto Rico's fiscal challenges, political instability, and high susceptibility to natural disasters like hurricanes[263](index=263&type=chunk)[264](index=264&type=chunk) [Item 5. Other Information](index=60&type=section&id=Item%205.%20Other%20Information) On May 9, 2025, the company amended its Term Loan agreement to secure an additional **$4 million** loan, with a potential for another **$4 million**, maturing December 31, 2025 - On May 9, 2025, the Company amended its term loan agreement to secure an additional **$4 million** loan, with an option for another **$4 million** at the lenders' discretion[270](index=270&type=chunk) - The new term loan matures on December 31, 2025, and includes a provision requiring a total return to lenders equal to **30%** of the principal amount being repaid[270](index=270&type=chunk)

[Management Commentary & Business Highlights](index=1&type=section&id=Management%20Commentary%20%26%20Business%20Highlights) Genasys anticipates significant operational acceleration in H2 FY2025, driven by the Puerto Rico project, with Q2 revenue up **21%** to **$6.9 million** and reduced net loss Fiscal Q2 2025 Financial Summary vs. Q2 2024 | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Revenue | $6.9 million | $5.7 million | | GAAP Operating Loss | ($6.3) million | ($6.9) million | | GAAP Net Loss | ($6.1) million | ($7.0) million | | GAAP Net Loss per Share | ($0.14) | ($0.16) | | Adjusted EBITDA | ($5.1) million | ($5.7) million | - The CEO anticipates significant operational acceleration in the second half of fiscal 2025, with strong revenue growth expected, particularly in the fourth quarter[2](index=2&type=chunk) - The company secured **$4 million** in bridge financing from its existing lender to maintain backlog momentum, with access to an additional **$4 million**[2](index=2&type=chunk)[4](index=4&type=chunk) - Key business highlights include generating first revenues from the Puerto Rico dams project, securing **$2.5 million** in LRAD bookings with the US Military, and **$1.0 million** in LRAD orders for Critical Infrastructure Protection, alongside the CFO's announced retirement[4](index=4&type=chunk) [Business Outlook](index=2&type=section&id=Business%20Outlook) Genasys expects **$15-20 million** in Puerto Rico project revenue in FY2025, with strong hardware bookings up **48%** and a **$12 million** backlog, despite slower software bookings - The company expects to realize between **$15 million** and **$20 million** in Puerto Rico-related revenue in fiscal 2025[7](index=7&type=chunk) - Revenue for the Puerto Rico project will be recognized on a Percent Of Completion (POC) basis for labor, initially suppressing gross profit margins[6](index=6&type=chunk) - Hardware bookings through March are up **48%** year-over-year, with a current hardware backlog exceeding **$12 million** (excluding Puerto Rico)[7](index=7&type=chunk) - Software bookings slowed in the March quarter due to federal funding uncertainties affecting state and local procurements, despite the pipeline being up over **100%**[8](index=8&type=chunk) - The company expects to receive the first production purchase order under the AHD-CROWS program in the second half of fiscal 2025[7](index=7&type=chunk) [Fiscal Q2 2025 Financial Review](index=3&type=section&id=Fiscal%202Q%202025%20Financial%20Review) Q2 2025 revenue increased **21%** to **$6.9 million**, with ARR at **$8.6 million**, a **37.7%** gross margin, and a reduced GAAP net loss of **($6.1) million** Q2 2025 Revenue Growth vs. Q2 2024 | Revenue Stream | Growth YoY | | :--- | :--- | | Total Revenue | 21% | | Software Revenue | 29% | | Hardware Revenue | 17% | | Recurring Revenue | 28% | - Annual Recurring Revenue (ARR) finished the quarter at **$8.6 million**[10](index=10&type=chunk) - Gross profit margin was **37.7%**, compared to **37.9%** in Q2 2024, depressed by hardware underutilization and increased software system costs[11](index=11&type=chunk) - Operating expenses decreased to **$8.9 million** from **$9.2 million** in Q2 2024, with R&D expenses down **12%** to **$2.2 million**[12](index=12&type=chunk) - Cash, cash equivalents, and marketable securities totaled **$7.2 million** as of March 31, 2025, a decrease from **$13.1 million** as of September 30, 2024[13](index=13&type=chunk) [Financial Statements](index=5&type=section&id=Financial%20Statements) This section provides unaudited consolidated financial statements, including Balance Sheets and Statements of Operations for specified periods [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets were **$49.7 million**, total liabilities **$41.7 million**, and stockholders' equity **$8.1 million** Selected Balance Sheet Items (in thousands) | Account | March 31, 2025 | September 30, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $5,667 | $4,945 | | Total current assets | $23,420 | $26,140 | | Total assets | $49,721 | $53,936 | | Total current liabilities | $22,621 | $14,085 | | Total liabilities | $41,665 | $36,373 | | Total stockholders' equity | $8,056 | $17,563 | [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) For Q2 2025, revenues were **$6.9 million**, gross profit **$2.6 million** (**37.7%** margin), and net loss **($6.1) million**, with Adjusted EBITDA at **($5.1) million** Consolidated Statements of Operations (Three Months Ended March 31, in thousands) | Metric | 2025 (unaudited) | 2024 (unaudited) | | :--- | :--- | :--- | | Revenues | $6,932 | $5,739 | | Gross Profit | $2,610 | $2,177 | | Gross Profit % | 37.7% | 37.9% | | Loss from operations | ($6,255) | ($6,994) | | Net loss | ($6,139) | ($6,938) | | Net loss per share | ($0.14) | ($0.16) | Reconciliation to Adjusted EBITDA (Three Months Ended March 31, in thousands) | Metric | 2025 (unaudited) | 2024 (unaudited) | | :--- | :--- | :--- | | Net loss | ($6,139) | ($6,938) | | Adjustments | $990 | $1,199 | | Adjusted EBITDA | ($5,149) | ($5,739) | [Webcast and Conference Call Details](index=3&type=section&id=Webcast%20and%20Conference%20Call%20Details) Management hosted a conference call and webcast on May 13, 2025, to discuss Q2 2025 financial results, with a replay available online - Management hosted a conference call to discuss the financial results on May 13, 2025, at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time[15](index=15&type=chunk) - A webcast of the call was made available, with a replay accessible on the investors page of the company's website approximately four hours after the presentation[16](index=16&type=chunk) [About Genasys Inc. & Forward-Looking Statements](index=4&type=section&id=About%20Genasys%20Inc.%20%26%20Forward-Looking%20Statements) Genasys Inc. is a global leader in Protective Communications, with this report containing forward-looking statements subject to inherent risks and uncertainties - Genasys is the global leader in Protective Communications, with its platform and devices protecting over **155 million** people in all 50 US states and over **100** countries[17](index=17&type=chunk) - The report contains forward-looking statements subject to risks and uncertainties as outlined in the "Risk Factors" section of the Company's Form 10-K, with Genasys disclaiming any obligation to update these statements[18](index=18&type=chunk)

Group 1 - Genasys (GNSS) has experienced a significant decline of 28.2% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for GNSS is currently at 27.66, suggesting that the heavy selling pressure may be exhausting itself [5] - There is a strong consensus among Wall Street analysts that GNSS will report better earnings than previously predicted, with a 17.1% increase in the consensus EPS estimate over the last 30 days [6] Group 2 - GNSS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a potential turnaround [7]