Financial Performance - Revenue for fiscal Q4 2024 was $6.7 million, a decrease of 37.0% from $10.7 million in the same quarter of fiscal 2023[4] - Total revenue for fiscal 2024 was $24.0 million, down from $46.7 million in fiscal 2023, with hardware revenue decreasing by 61.1%[5][14] - Revenues for the three months ended September 30, 2024, were $6,741 million, a decrease from $10,700 million for the same period in 2023, representing a decline of 37.3%[29] - Net loss for the three months ended September 30, 2024, was $11,386 million, compared to a net loss of $10,062 million for the same period in 2023, indicating an increase in losses of 13.1%[29] - GAAP net loss for fiscal Q4 2024 was ($11.4) million, or ($0.26) per share, compared to a net loss of ($10.1) million, or ($0.27) per share in the prior year[12] - Net loss per common share for the three months ended September 30, 2024, was $(0.26), slightly improved from $(0.27) for the same period in 2023[29] Operating Expenses - Operating expenses for fiscal 2024 were $36.9 million, an increase of $4.2 million from $32.7 million in fiscal 2023[16] - Total operating expenses increased to $9,881 million for the three months ended September 30, 2024, from $7,948 million in the same period of 2023, reflecting a rise of 24.3%[29] - Research and development expenses rose to $2,427 million for the three months ended September 30, 2024, compared to $1,770 million for the same period in 2023, an increase of 37.0%[29] - Selling, general and administrative expenses increased to $7,454 million for the three months ended September 30, 2024, from $6,178 million in the same period of 2023, a rise of 20.6%[29] Profitability Metrics - The gross profit margin for fiscal Q4 2024 was 40.8%, down from 49.6% in the same quarter of fiscal 2023[10] - Gross profit margin decreased to 40.8% for the three months ended September 30, 2024, compared to 49.6% for the same period in 2023[29] - Adjusted EBITDA for the three months ended September 30, 2024, was $(6,013) million, worsening from $(1,686) million in the same period of 2023[29] - Loss from operations for the three months ended September 30, 2024, was $(7,132) million, compared to $(2,639) million for the same period in 2023, reflecting a significant increase in operational losses[29] Bookings and Contracts - Fiscal 2024 bookings reached a record $111 million, with a starting backlog of $40 million for fiscal 2025[2] - Genasys has secured a $75 million contract for an Early Warning System for 37 dams in Puerto Rico, with initial cash deposits already received[3][7] - The company expects substantial growth in fiscal 2025 hardware revenues driven by the substantial award from Puerto Rico[8] Cash and Securities - Cash, cash equivalents, and marketable securities totaled $13.1 million as of September 30, 2024, compared to $10.1 million a year earlier[18] Share Information - Weighted average common shares outstanding increased to 44,598 million for the three months ended September 30, 2024, from 37,190 million in the same period of 2023[29]

Core Viewpoint - Coda Octopus Group, Inc. has received an order for fifteen F280® GNSS Aided INS systems valued at approximately $576,000 for a foreign Navy Program, indicating strong demand for its advanced marine technology products [1][2]. Company Overview - Coda Octopus Group, Inc. is a leading supplier in the underwater/subsea market, providing a range of hardware and software solutions, including proprietary real-time 4D/5D/6D imaging sonars and diving technology [3]. - The company was founded in 1994 and has established itself as a key player in underwater imaging and diving technology, with applications in various sectors including defense and commercial markets [3]. Product Details - The F280 Series® GNSS Aided INS systems are designed to deliver high accuracy in positioning and motion data, crucial for marine surveying and measurement [2]. - The F180 Series®, the predecessor to the F280 Series®, historically contributed up to 10% of the Products Business annual revenue, showcasing the legacy and reliability of the company's motion products [2]. - The recently launched Diver Augmented Vision Display (DAVD) system integrates sonar technology, enhancing diving operations by providing critical information in zero visibility conditions [4]. Business Model - Coda Octopus Group includes two defense engineering businesses, Coda Octopus Martech Ltd and Coda Octopus Colmek, which supply sub-assemblies for mission-critical programs, allowing for potential repeat orders throughout the program's lifecycle [5].

Core Viewpoint - Genasys Inc. has been awarded a four-year contract by the Maui Emergency Management Agency (MEMA) to provide advanced emergency management solutions, Genasys EVAC and TRAFFIC AI, aimed at enhancing public safety and disaster preparedness in Maui following recent wildfires [1][2]. Group 1: Contract and Implementation - The contract with MEMA represents a significant advancement in disaster preparedness and emergency management for Maui County [2]. - Deployment of EVAC and TRAFFIC AI is expected to begin in January 2025, following a review by first responder agencies [5]. - The collaboration is set to last for four years, focusing on enhancing the island's emergency management infrastructure [9]. Group 2: Technology and Features - Genasys EVAC is designed to provide real-time information during emergencies, enabling emergency managers to implement optimized evacuation plans and deliver targeted notifications [3][6]. - TRAFFIC AI offers real-time traffic data and analytics, facilitating effective coordination of evacuations [4]. - The Genasys Protect mobile app allows citizens to receive location-based notifications, enhancing situational awareness during emergencies [3]. Group 3: Benefits and Future Plans - The integration of EVAC and TRAFFIC AI is expected to significantly improve public safety by providing timely updates and ensuring effective communication during emergencies [6][7]. - Genasys and MEMA plan to explore additional technological advancements to further enhance emergency management capabilities [9]. - Ongoing support from Genasys will include training and technical assistance to maximize the effectiveness of the systems [10].

Core Insights - Genasys Inc. has received an order from the Alabama-Coushatta Tribe of Texas for ACOUSTICS systems aimed at enhancing public safety on its reservation [1][2] - The Genasys Protect platform has expanded its coverage to 39 states and secured significant orders from various regions, indicating strong business growth [2] Company Overview - Genasys Inc. is recognized as the global leader in Protective Communications, providing a comprehensive portfolio of preparedness, response, and analytics software and systems [3] - The company has been protecting people and saving lives for over 40 years, covering more than 70 million individuals across over 100 countries [3] Product and Service Details - The ACOUSTICS installations will include features such as satellite connectivity, solar power, and battery backup to ensure reliable emergency communication [2] - Genasys Protect is a full suite of tools for critical infrastructure protection and emergency management, offering integrated hardware and software solutions for real-time alerts and notifications [2]

SAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), a global leader in Protective Communications, today announced the signing of a definitive agreement with the Puerto Rico Electric Power Authority (PREPA) to implement Genasys' Emergency Warning System (EWS) across 37 dams, safeguarding hundreds of thousands of residents and visitors from potential flood threats. The project, fully funded by the U.S. Federal Emergency Management Agency (FEMA), underscores Genasys' commitment to enhancin ...

SAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), a global leader in Protective Communications, today announced the signing of a definitive agreement with the Puerto Rico Electric Power Authority (PREPA) to implement Genasys' Emergency Warning System (EWS) across 37 dams, safeguarding hundreds of thousands of residents and visitors from potential flood threats. The project, fully funded by the U.S. Federal Emergency Management Agency (FEMA), underscores Genasys' commitment to enhanci ...

Genasys Inc. (NASDAQ:GNSS) Q3 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Brian Alger – Senior Vice President-Investor Relations and Corporate Development Richard Danforth – Chief Executive Officer Dennis Klahn – Chief Financial Officer Conference Call Participants Vijay Devar – Northland Capital Scott Searle – Roth Capital Ed Woo – Ascendiant Capital Operator Good day, ladies and gentlemen, and welcome to the Genasys Inc. Fiscal Third Quarter 2024 Conference Call. All lines ...

Genasys (GNSS) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -7.14%. A quarter ago, it was expected that this developer of directed sound technologies used by the military and police would post a loss of $0.12 per share when it actually produced a loss of $0.16, delivering a surprise of -3 ...

Exhibit 99.1 Genasys Inc. Reports Fiscal Third Quarter 2024 Financial Results SAN DIEGO – August 6, 2024 – Genasys Inc. (NASDAQ: GNSS), the leader in Protective Communications, today announced financial results for the Company's fiscal third quarter ended June 30, 2024. Richard S. Danforth, Chief Executive Officer of Genasys, Inc., commented, "Genasys is making positive progress across each of its end markets. The large, announced projects with PREPA and the US Army provide long-term confidence in our hardw ...

SAN DIEGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the leader in Protective Communications, today announced financial results for the Company's fiscal third quarter ended June 30, 2024. Richard S. Danforth, Chief Executive Officer of Genasys, Inc., commented, "Genasys is making positive progress across each of its end markets. The large, announced projects with PREPA and the US Army provide long-term confidence in our hardware business. The recent improvement in international bookings ...