Earnings ·
Genasys Inc. reported fiscal third quarter 2026 results with revenue of $7.3 million, down from $9.9 million in the…
GNSSGenasys Inc.
Genasys Inc. reported fiscal third quarter 2026 results with revenue of $7.3 million, down from $9.9 million in the prior year period, while gross margin expanded significantly to 57.1% from 26.3%. The company posted a GAAP net loss of ($4.7) million, or ($0.10) per share, compared to a ($6.5) million loss previously. Adjusted EBITDA improved to ($3.1) million from ($4.8) million. Management attributed the revenue decline to timing issues related to supply chain constraints on CROWS II deliveries and delayed payments for the Puerto Rico Dams project, noting that cash collections have since resumed. The company also announced a Third Amendment to its term loan, extending maturity to July 13, 2027, and replacing a balloon payment with $1.0 million monthly amortization starting October 1, 2026. Recent business highlights include a $3.0 million U.S. Army order for mobile mass notification systems and a multi-year contract with Ada County, Idaho. Genasys Inc. operates in the protective communications industry, providing software and hardware solutions for emergency alerting, evacuation management, and public safety.