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Genasys reports Q4 EPS (38c), consensus (1c)
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Genasys reports Q4 EPS (38c), consensus (1c)

Reports Q4 revenue $16.04M, consensus $15.32M. Q4 bookings were $6M, bringing total bookings for FY22 to $38.2M. From these total bookings, the company had a backlog of $22M that it expects to deliver in FY23. Richard Danforth, CEO of Genasys Inc., commented, "Fiscal 2022 was an exceptional year. We delivered 15% growth in revenue and a positive Adjusted EBITDA while accelerating our strategic shift towards a higher-margin, recurring revenue model. The investments we are making in software sales and support led to key contract wins, fueled expansion in existing markets, and paved the way for entry into new markets and geographies. Our software-as-a-service (SaaS) products team expanded our unified critical communications platform into 7 countries, 19 states, and 21 California counties."

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