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Genasys Inc.
GNSSCIK 0000924383NasdaqNon-AcceleratedSmaller ReportingHousehold Audio & Video EquipmentDelawareFY ends Sep 30
Period
FY 2025
Revenue
—
Net Income
$-18.11M
Total Assets
$63.87M
Equity
$2.17M
Shares Out
45.54M
Op. Cash Flow
$-8.76M
Business
Genasys Inc. provides Protective Communications solutions comprising the Genasys Protect software platform and LRAD hardware products for emergency alerting, mass notification, and critical event management. The company offers cloud-based SaaS software for multichannel alert dissemination, long-range acoustic broadcast devices, and integrated collaboration tools for first responders. Genasys serves federal, state, and local government agencies, educational institutions, and enterprise customers in oil & gas, utilities, manufacturing, and healthcare sectors globally.
Summary from 10-K filed 2025-12-15
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Revenues | 41 | 24 | 47 | 54 | 47 | |
| Cost of revenues | 24 | 14 | 25 | 27 | 24 | |
| Gross profit | 17 | 10 | 22 | 27 | 23 | |
| Selling, general and administrative | 26 | 27 | 25 | 23 | 17 | |
| Research and development | 8 | 10 | 8 | 7 | 5 | |
| Total operating expenses | 34 | 37 | 33 | 43 | 22 | |
| Loss from operations | −17 | −27 | −11 | −16 | 1 | |
| Interest income | 285,000 | 237,000 | 136,000 | — | — | |
| Interest expense | −2 | −603,000 | — | — | — | |
| Change in fair value of Term Loans and warrants | 730,000 | −4 | — | — | — | |
| Other | −623,000 | −1 | −146,000 | — | — | |
| Other expenses, net | −1 | −5 | −10,000 | 60,000 | 54,000 | |
| Loss before income taxes | −18 | −32 | −11 | −15 | 1 | |
| Income tax expense (benefit) | 119,000 | −405,000 | 7 | 741,000 | 434,000 | |
| Net loss | −18 | −32 | −18 | −16 | 704,000 | |
| Net loss per common share - basic (in dollars per share) | −0.4 | −0.72 | −0.5 | −0.44 | 0.02 | |
| Net loss per common share - diluted (in dollars per share) | −0.4 | −0.72 | −0.5 | −0.44 | 0.02 | |
| Basic (in shares) | 45 | 44 | 37 | 36 | 34 | |
| Diluted (in shares) | 45 | 44 | 37 | 36 | 36 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 8 | 5 | 9 | 13 | 13 | |
| Short-term marketable securities | 70,000 | 8 | 1 | 6 | 6 | |
| Restricted cash | 0 | 95,000 | 758,000 | 100,000 | 279,000 | |
| Accounts receivable, net of allowance for doubtful accounts for expected credit losses of $65 | 8 | 3 | 6 | 7 | 8 | |
| Contract assets | 6 | 150,000 | — | — | — | |
| Inventories, net | 9 | 7 | 7 | 6 | 6 | |
| Prepaid expenses and other | 9 | 2 | 2 | 4 | 2 | |
| Total current assets | 39 | 26 | 25 | 36 | 35 | |
| Long-term marketable securities | 0 | 249,000 | 0 | 781,000 | 2 | |
| Long-term restricted cash | 585,000 | 250,000 | 96,000 | 823,000 | 1 | |
| Property and equipment, net | 1 | 1 | 2 | 2 | 2 | |
| Goodwill | 13 | 13 | 10 | 10 | 24 | |
| Intangible assets, net | 6 | 9 | 8 | 11 | 13 | |
| Operating lease right of use assets, net | 2 | 3 | 4 | 5 | 5 | |
| Other assets | 844,000 | 1 | 455,000 | 394,000 | 392,000 | |
| Total assets | 64 | 54 | 50 | 72 | 90 | |
| Accounts payable | 8 | 4 | 3 | 2 | 2 | |
| Customer deposit | 20 | 2 | — | — | — | |
| Accrued liabilities | 7 | 7 | 7 | 12 | 14 | |
| Operating lease liabilities, current portion | 1 | 1 | 1 | 948,000 | 899,000 | |
| Notes payable, at fair value | 18 | 0 | — | 0 | 296,000 | |
| Total current liabilities | 54 | 14 | 11 | 15 | 17 | |
| Notes payable, at fair value | 0 | 12 | 0 | — | 0 | |
| Warrant liability | 4 | 7 | 0 | — | — | |
| Long-term deferred revenue | 1 | 369,000 | 551,000 | — | — | |
| Operating lease liabilities, noncurrent | 2 | 3 | 4 | 5 | 6 | |
| Total liabilities | 62 | 36 | 16 | 21 | 24 | |
| Commitments and Contingencies (Note 15) | — | — | — | — | — | |
| Preferred stock, $0.00001 par value; 5,000,000 shares authorized; none issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.00001 par value; 100,000,000 shares authorized; 45,161,172 and 44,631,030 shares issued and outstanding, respectively | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 127 | 126 | 110 | 109 | 107 | |
| Accumulated deficit | −126 | −108 | −76 | −57 | −41 | |
| Accumulated other comprehensive income (loss) | 687,000 | −335,000 | −505,000 | −792,000 | 2,000 | |
| Total stockholders' equity | 2 | 18 | 34 | 50 | 66 | |
| Total liabilities and stockholders' equity | 64 | 54 | 50 | 72 | 90 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 3 | 3 | 3 | 3 | 2 | |
| Warranty provision | −14,000 | −56,000 | 31,000 | 86,000 | 54,000 | |
| Inventory obsolescence | 451,000 | 4,000 | 295,000 | 333,000 | 379,000 | |
| Share-based compensation | 2 | 2 | 2 | 2 | 1 | |
| (Gain) loss on change in fair value of warrants | −3 | 4 | 0 | — | — | |
| Loss on change in fair value of Term Loans | 2 | 435,000 | 0 | — | — | |
| Loss on issuance of First Amendment Term Loan | 480,000 | 0 | — | — | — | |
| Deferred income taxes | 0 | −525,000 | 7 | 666,000 | 433,000 | |
| Loss on disposal of fixed asset | 1,000 | 6,000 | 4,000 | 0 | — | |
| Addition of operating lease right of use asset | −67,000 | 0 | — | — | — | |
| Amortization of operating lease right of use asset | 767,000 | 794,000 | 772,000 | 746,000 | 694,000 | |
| Remeasurement of acquisition contingent consideration | 0 | −16,000 | 0 | — | — | |
| Accretion of acquisition holdback liability | 0 | 20,000 | 49,000 | 48,000 | 46,000 | |
| (Amortization) accretion of investment of marketable securities | −41,000 | 110,000 | 0 | — | — | |
| Accounts receivable, net | −4 | 3 | 827,000 | 836,000 | −2 | |
| Contract assets | −6 | 0 | — | — | — | |
| Inventories, net | −2 | −816,000 | −788,000 | 75,000 | −846,000 | |
| Prepaid expenses and other | −6 | −1 | 2 | 242,000 | 253,000 | |
| Accounts payable | 4 | 2 | 425,000 | 199,000 | 600,000 | |
| Customer deposit | 18 | 840,000 | — | — | — | |
| Accrued and other liabilities | 35,000 | −398,000 | −6 | −5 | 5 | |
| Net cash used in operating activities | −9 | −19 | −10 | 468,000 | 6 | |
| Purchases of marketable securities | −1 | −16 | −4 | −7 | −5 | |
| Proceeds from maturities of marketable securities | 10 | 9 | 9 | 7 | 6 | |
| Cash paid for acquisitions net of cash acquired | 0 | −908,000 | 0 | 0 | −16 | |
| Cash paid for asset purchase holdback liability | 0 | −764,000 | 0 | — | — | |
| Capital expenditures | −255,000 | −191,000 | −239,000 | −381,000 | −208,000 | |
| Net cash provided by (used in) investing activities | 8 | −9 | 6 | −89,000 | −16 | |
| Proceeds from issuance of Close Date Term Loan and warrants, net of issuance cost | 0 | 14 | 0 | — | — | |
| Proceeds from issuance of First Amendment Term Loan | 4 | 0 | — | — | — | |
| Proceeds from offering of common stock, net of issuance costs | 0 | 10 | 0 | — | — | |
| Proceeds from exercise of stock options | 49,000 | 0 | 138,000 | 282,000 | 210,000 | |
| Payment of contingent consideration | 0 | −219,000 | 0 | — | — | |
| Shares retained for payment of taxes in connection with settlement of restricted stock units | −18,000 | −12,000 | −45,000 | −70,000 | −141,000 | |
| Shares retained for payment of taxes in connection with the exercise of stock options | 0 | −43,000 | −207,000 | 0 | — | |
| Net cash provided by financing activities | 4 | 24 | −114,000 | −1 | 13,000 | |
| Effect of foreign exchange rate on cash | 93,000 | 18,000 | 29,000 | −185,000 | −77,000 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 3 | −4 | −4 | −869,000 | −9 | |
| Change in unrealized loss on marketable securities | −8,000 | 18,000 | 71,000 | −90,000 | −7,000 | |
| Purchases of property and equipment included in accounts payable and accrued liabilities | 0 | 21,000 | — | — | — | |
| Initial measurement of operating lease right of use assets | 67,000 | 0 | 79,000 | 466,000 | 259,000 | |
| Initial measurement of operating lease liabilities | 67,000 | 0 | 79,000 | 466,000 | 259,000 | |
| Cash paid for interest | 2 | 603,000 | — | — | — | |
| Cash paid for taxes | 235,000 | 52,000 | 0 | — | — |
Filings
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Frequently asked questions
What is Genasys Inc.'s CIK number?
Genasys Inc.'s SEC CIK number is 0000924383 (924383). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Genasys Inc.'s SEC filings?
All of Genasys Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Genasys Inc. last report earnings?
Genasys Inc. (GNSS) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-224030). This is Genasys Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Genasys Inc.'s most recent earnings 8-K?
Genasys Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001193125-26-224030. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Genasys Inc.'s latest earnings 8-K →
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