INVESTOR PRESENTATION Summer 2020 DISCLOSURES Forward-looking Statements Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, curre ...

Financial Data and Key Metrics Changes - Revenues for Q3 2020 were $12 million, a 35% increase from $8.9 million in Q3 2019, marking the highest revenue for any third quarter in the company's history [10] - Gross profit was $6.5 million, representing a gross margin of 54.1%, an increase attributed to higher revenues and fixed overhead cost leverage [11] - Net income for the quarter was $1.5 million or $0.04 per diluted share, compared to $600,000 or $0.02 per diluted share in the same quarter last year [11] - Cash generated from operating activities was $5.8 million, with cash and cash equivalents totaling $20.7 million as of June 30, 2020, up from $16.4 million on March 31, 2020 [12] Business Line Data and Key Metrics Changes - Fiscal Q3 bookings were $22.7 million, up 118% from the same period last year, driven by U.S. Army and Navy orders as well as domestic and international defense orders [15] - Backlog at June 30, 2020, was $26.4 million, a 26% increase from the same period a year ago [15] Market Data and Key Metrics Changes - The demand for Genasys products has increased due to ongoing civil unrest and COVID-19 communication applications, with over 450 U.S. cities deploying LRAD systems for public safety [16] - In Australia, the National Emergency Warning System (NEWS) delivered over 150 million emergency SMS texts during the severe 2019-2020 fire season [20] Company Strategy and Development Direction - The acquisition of Amika Mobile is aimed at expanding the SaaS business into large vertical markets, enhancing the critical communication platform [18] - The company is pursuing additional acquisitions to expand revenue, supported by a $100 million shelf registration to facilitate M&A efforts [19] - Genasys is focused on enhancing its critical communication platform, which includes various services like NEWS and PSS, to provide reliable emergency alerts [24] Management's Comments on Operating Environment and Future Outlook - Management noted that the second half of fiscal 2020 is expected to be much stronger than the first half, with a robust backlog and business pipeline [25] - The company anticipates continued growth in demand for its products and services, despite some short-term slowdowns in bookings due to COVID-19 [30][51] Other Important Information - Genasys has established a partnership with Esri to enhance its GIS platforms, which is expected to generate potential revenue [48][49] - The company is open to both domestic and international M&A opportunities, focusing on synergies rather than geographical limitations [41][44] Q&A Session Summary Question: Can the company take on additional acquisitions after Amika? - Management confirmed that they can pursue multiple initiatives simultaneously and are not halting further acquisitions [29] Question: Has COVID-19 impacted the business? - Management acknowledged an increase in order volume but noted that the size of orders has been smaller, leading to slower RFP processes [30] Question: How will the Amika acquisition expand the addressable market? - Management stated that the acquisition will enhance their sales force and provide credentials in the enterprise market, significantly accelerating growth [32][35] Question: Is the Amika acquisition a cash deal? - Management indicated that the terms have not been disclosed yet, but it will be paid for out of cash without borrowing [37] Question: What is the focus for future M&A activity? - Management expressed a preference for software-based acquisitions but remains open to all opportunities [41] Question: What is the current status of interest from Homeland Security? - Management reported increased interest and demand from the Department of Homeland Security, indicating a positive shift [47]

Genasys, Inc. (NASDAQ:GNSS) Q2 2020 Earnings Conference Call May 11, 2020 4:30 PM ET Company Participants Satya Chillara - IR Officer Dennis Klahn - CFO & Secretary Richard Danforth - CEO & Director Conference Call Participants Richard Neaton - Rivershore Investment Research Ed Woo - Ascendiant Capital Myles Wittenstein - UBS William Bremer - Vanquish Capital Group Operator Ladies and gentlemen, good afternoon, and welcome to Genasys Inc.'s Fiscal Second Quarter 2020 Financial Results Call. [Operator Instru ...

Financial Data and Key Metrics Changes - Revenues for Q1 2020 were $8.8 million, down from $10.2 million in Q1 2019, indicating a decrease of approximately 13.7% [9] - Gross profit was $4.6 million, representing a gross margin of 52.4%, an improvement from 50% in the prior year [9] - Operating expenses increased by 3% to $3.9 million, primarily due to higher investment in software development [10] - Net income was $620,000 or $0.02 per diluted share, down from $1 million or $0.03 per diluted share in the same quarter last year [11] - Cash and cash equivalents decreased to $17.1 million from $18.8 million at the end of the previous fiscal year [12] - Working capital increased by $1 million to $25.8 million [13] Business Line Data and Key Metrics Changes - Bookings for the quarter were $4.3 million, while backlog stood at $23.3 million, indicating a healthy sales pipeline [15] - The company expects revenue growth in fiscal year 2020, particularly in the second half [15] Market Data and Key Metrics Changes - The company is well-positioned to fulfill the European Union's public warning system directive, which mandates implementation by June 2022 [17] - Genasys has been involved in delivering over 150 million SMS emergency notifications in Australia, showcasing its experience in the market [22] Company Strategy and Development Direction - Genasys aims to leverage its National Emergency Warning System (NEWS) to meet EU requirements and expand its market presence [16][22] - The company is focusing on both hardware and software solutions, with a significant emphasis on software development to enhance its offerings [44] - There is an ongoing effort to secure domestic and international defense and homeland security orders, with expectations for strong growth in fiscal 2020 [30] Management's Comments on Operating Environment and Future Outlook - Management anticipates stronger revenues in the second half of fiscal year 2020 based on current bookings and backlog [15] - The company is not expecting substantial EU revenue in fiscal year 2020 due to the timing of proposals and evaluations [51] - Management noted that the coronavirus has not had any material impact on operations as of now [102] Other Important Information - The company has a $5 million stock repurchase program, with $4.5 million still available [13] - Genasys is expanding its software development team, particularly in Spain, to support international initiatives [44] Q&A Session Summary Question: Expectations for Acoustic Hailing Device orders from the Army for 2020 - Management expects orders for 2020 to be slightly smaller than 2019 due to pent-up demand in the previous year [34] Question: Timing for orders from Laguna Beach and Newport Beach - Revenue conversion from these orders is expected to take one to two quarters [35] Question: Drivers of gross margin improvement - The improvement is primarily attributed to a more profitable product mix [36] Question: R&D spending for 2020 - The company expects growth in R&D spending compared to 2019, focusing on software initiatives [38] Question: Timing for EU request for proposals - Management expects a handful of proposals from the EU in the fiscal year, but evaluation may take longer than anticipated [44] Question: Revenue recognition split for the year - A 40-60 split in revenue recognition is expected, with shifts in backlog numbers anticipated in the second half of fiscal 2020 [55] Question: Impact of 5G networks on products - Upgrading to 5G will likely require updates to the NEWS software module, presenting opportunities for the company [104] Question: Developments on the Southern border - There has been slow progress due to discord between Congress and DHS, affecting budgeting [93] Question: CROWS initiative status - CROWS is still active, with initial funding for concept development expected this fiscal year [95]

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 December 31, 2019 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 o ...

Confidential and Proprietary Copyright 2019 • GENASYS INC. 1 INVESTOR PRESENTATION Winter 2019 suggested in the forward-looking statements. These risks and uncertainties are identified DISCLOSURES | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------ ...

Genasys, Inc. (NASDAQ:GNSS) Q4 2019 Earnings Conference Call December 9, 2019 4:30 PM ET Company Participants Satya Chillara - IR Dennis Klahn - CFO Richard Danforth - CEO Conference Call Participants Aman Gulani - B. Riley FBR Ed Woo - Ascendiant Capital Rick Neaton - Rivershore Investments Lloyd Korten - Unique Investments Alex Silverman - AWM Investments Will Hamilton - Manatuck Hill Partners William Bremer - Vanquish Capital Operator Good afternoon, and welcome to Genasys, Inc. Fourth Quarter Fiscal 201 ...

LRAD Corporation (LRAD) Q3 2019 Earnings Conference Call August 12, 2019 4:30 PM ET Company Participants Dennis Klahn - CFO Richard Danforth - CEO Conference Call Participants Aman Gulani - B. Riley Alex Silverman - AWM Scott Billeadeau - Walrus Partners Lloyd Korten - Unique Investment Ed Woo - Ascendiant Capital Operator Good day, ladies and gentlemen, and welcome to the Fiscal Third Quarter 2019 Financial Results Call. All lines have been placed in a listen-only mode and the floor will be opened for ques ...

Financial Data and Key Metrics Changes - LRAD Corporation reported revenue of $10.2 million for Q2 2019, a 30% increase from $7.9 million in Q2 2018 [9] - Gross profit for Q2 2019 was $5.2 million, maintaining a gross margin of 51%, consistent with the previous year [9] - Operating expenses increased by 9% to $3.8 million, primarily due to higher R&D expenditures [10] - Pretax income rose to $1.5 million, a 135% increase from $619,000 in the prior year [10] - Net income for Q2 2019 was $1.2 million, or $0.04 per share, compared to $461,000 or $0.01 per share in Q2 2018 [11] - Cash provided by operations was $4.2 million, up from $1.1 million in the prior year [11] - Cash and cash equivalents decreased to $7.7 million from $11.1 million at the end of FY 2018 [12] Business Line Data and Key Metrics Changes - Revenues from the Americas region increased by 60% to $17.8 million, driven by strong domestic defense orders [16] - Fiscal first half bookings were $10.7 million, down about $1 million from the same period a year ago, impacted by a significant international Navy order expected to book in Q3 [18] Market Data and Key Metrics Changes - Backlog at the end of March 2019 was $14 million, up 51% year-over-year [16] - The company is reallocating $4.7 million of delayed shipments to Southeast Asia, with expectations to complete deliveries by the end of the year [17] Company Strategy and Development Direction - The company is focusing on integrating Genasys systems, which combine voice broadcast and siren systems for emergency notifications [20] - LRAD is actively pursuing opportunities with the Department of Homeland Security and U.S. Customs and Border Patrol [24] - The strategy includes leveraging U.S. Army and National Guard business with international armed forces [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining gross margins around 50% for the remainder of the year [34] - The company anticipates record bookings for the fiscal year, despite a slight decline in bookings in the first half [18] - Management noted strong demand for defense, law enforcement, and public safety systems, expecting continued growth [20] Other Important Information - The company repurchased 788,000 shares for $2.2 million under a $5 million share buyback plan initiated in January 2019 [19] - The first phase of a FEMA-funded public safety notification order is scheduled for installation this fiscal year [22] Q&A Session Summary Question: Can you provide more details on the Genasys opportunity with the Californian city? - The order includes both hardware and software, providing immediate revenue and recurring revenue streams from maintenance fees [32] Question: Is the Southeast Asia contract going away or just delayed? - The contract is not going away; deliveries are expected to begin before the end of the year [33] Question: Can you maintain gross margins above 50%? - Management believes maintaining gross margins around 50% is achievable [34] Question: What is the current focus of R&D? - The focus is on software development, with new functionalities planned for release over the next several quarters [51] Question: What kind of responses are being received for Genasys systems? - Responses have been very positive, with strong interest from various sectors [75]

LRAD Corp (LRAD) Q1 2019 Earnings Conference Call February 12, 2019 4:30 PM ET Company Participants Brian Harvey - Director of Investor Relations and Capital Markets Dennis Klahn - Chief Financial Officer Richard Danforth - Chief Executive Officer Conference Call Participants Aman Gulani - B. Riley FBR, Inc. Jarrod Cohen - JM Cohen & Co, LLC Gregory Weaver - Invicta Capital Management, LLC Lloyd Korten - Unique Investments Operator Good day, ladies and gentlemen, and welcome to the LRAD Corporation's Fiscal ...