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Genasys (GNSS)
NASDAQ:GNSS
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-$0.16Last Year’s EPS
-$0.16Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 09, 2024
|% Change Since: -35.70%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
While Genasys experienced substantial growth in software bookings and international recovery, the company faced significant challenges with hardware revenues and overall financial performance. The progress in software and strategic contracts like Puerto Rico provide optimism, but the hardware decline impacted the year's financial results negatively.Company Guidance
During the Genasys Inc. Q4 2024 earnings call, the management provided guidance indicating a significant transformation in their bookings, with international bookings increasing by 86% year-over-year, although hardware revenues were weaker than anticipated. The company highlighted a strong recovery in both domestic and international markets, with critical infrastructure protection projects and software successes contributing to the overall growth. They reported a 110% year-over-year increase in recurring software revenue in Q4 and a 115% increase for the full year. Genasys also emphasized the substantial $75 million contract with the Puerto Rico Electric Power Authority and the ongoing efforts to expand their software sales force. Despite a 49% decrease in total revenue for the fiscal year, the company remains optimistic about their future growth prospects, driven by a robust backlog of over $40 million and a starting software ARR of $8.3 million.International Bookings Rebound
International bookings were up 86% year-over-year, showing a strong recovery post-COVID across all regions.
Record Software Bookings
Software bookings increased by 46% year-over-year, with significant contracts such as the statewide EVAC contract with Oregon and Los Angeles County's expanded use of Genasys Protect.
Puerto Rico Contract Progress
The $75 million project with the Puerto Rico Electric Power Authority is progressing, with designs approved for the first three groups of dams, totaling over $35 million.
Recurring Software Revenue Growth
Recurring software revenue grew 115% year-over-year for the full fiscal year, reflecting strong performance in the software segment.
Genasys Protect as a Growth Driver
Genasys Protect software enabled $73 million in hardware-related bookings, demonstrating its impact on overall sales.
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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 |
|---|---|---|---|
| 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% |
| Feb 13, 2024 | $1.88 | $1.71 | -9.04% |
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 Feb 18, 2025, TBA Not Confirmed.
What is Genasys (GNSS) earnings time?
Genasys (GNSS) earnings time is at Feb 18, 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 (Q1) is -$0.16.
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