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Genasys (GNSS)
NASDAQ:GNSS
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.16Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 14.09%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant improvements in revenue, profit margins, and operational success, particularly with the Genasys Protect platform during the Southern California fires. While there were operational losses and some challenges with alert systems, the overall sentiment is positive due to strong year-over-year growth and strategic project advancements.Company Guidance
During the Genasys Inc. Fiscal First Quarter 2025 Conference Call, the company provided guidance emphasizing several key financial metrics. Genasys reported a significant year-over-year growth in recurring software revenue by 69% and total software revenue by 64%, while hardware revenue increased by 57%. The company's gross profit margin improved to 45.8% in the December quarter, marking an increase of nearly 12 percentage points from the previous year. Operating expenses for the quarter were $9.1 million, slightly up from $8.7 million last year, with a notable operating loss reduction to $5.9 million from $7.2 million. Adjusted EBITDA showed improvement from a negative $6 million to a negative $4.8 million. The GAAP net loss decreased to $4.1 million from $6.7 million. Additionally, the company highlighted a backlog of $40 million, including $8.8 million in annual recurring revenue, and cash, cash equivalents, and marketable securities totaling $13.9 million as of December 31, 2024. Looking ahead, Genasys anticipates steady revenue contributions from its Puerto Rico project, with significant revenue recognition expected in the second half of the fiscal year.Revenue Growth
Significant revenue growth over the prior year quarter with recurring software revenue increasing 69% year-over-year and total software revenue growing 64% year-over-year.
Gross Profit Margin Improvement
Gross profit margin was 45.8% in the December quarter, up nearly 12 points versus the year-ago period.
Reduction in Losses
GAAP net loss in this fiscal year's first quarter was $4.1 million, an improvement from the net loss of $6.7 million in fiscal 2024's first quarter.
Successful Genasys Protect Deployment
Genasys Protect was successfully used during the Southern California fires, helping to evacuate hundreds of thousands of citizens and saving lives.
Puerto Rico Project Progress
Received a second deposit of $2 million for the Puerto Rico project, with the first revenues expected in the second fiscal quarter.
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GNSS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GNSS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $2.91 | $3.53 | +21.31% |
| Dec 09, 2024 | $3.95 | $3.16 | -20.00% |
| Aug 06, 2024 | $2.46 | $2.52 | +2.44% |
| May 14, 2024 | $2.00 | $1.99 | -0.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Genasys (GNSS) report earnings?
Genasys (GNSS) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Genasys (GNSS) earnings time?
Genasys (GNSS) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GNSS EPS forecast?
GNSS EPS forecast for the fiscal quarter 2025 (Q2) is -0.12.
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