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Genasys
(NASDAQ:GNSS)
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Rating:49Neutral
Price Target:
$1.50
▼(-9.64% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weak financial quality (negative cash flow, negative equity, and ongoing losses), partially offset by improving margins and a more optimistic earnings-call outlook supported by backlog growth and record-year guidance. Technicals are neutral and valuation is difficult to support given negative earnings and no dividend yield.
Positive Factors
Backlog Visibility
The larger backlog provides stronger revenue visibility over the next year and supports planning for production and deployment. It also indicates demand is converting into contracted work, reducing reliance on entirely new bookings to sustain near-term growth.
Negative Factors
Stressed Balance Sheet
Negative equity leaves the company with a limited financial cushion and makes leverage more difficult to absorb. This can restrict strategic flexibility, increase dependence on lenders or new capital, and amplify the impact of execution setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Backlog Visibility
The larger backlog provides stronger revenue visibility over the next year and supports planning for production and deployment. It also indicates demand is converting into contracted work, reducing reliance on entirely new bookings to sustain near-term growth.
Read all positive factors
Genasys Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down sales across regions (for example U.S. vs. international), revealing where Genasys earns most of its revenue. Heavy concentration in one country or market—such as U.S. government and municipal contracts—raises dependency on local procurement cycles and funding, while growing international sales point to diversification and new market opportunities. Watch regional trends for signs of sustainable growth, currency exposure, or lumpy contract timing that can make quarters volatile.
Breaks down sales across regions (for example U.S. vs. international), revealing where Genasys earns most of its revenue. Heavy concentration in one country or market—such as U.S. government and municipal contracts—raises dependency on local procurement cycles and funding, while growing international sales point to diversification and new market opportunities. Watch regional trends for signs of sustainable growth, currency exposure, or lumpy contract timing that can make quarters volatile.
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The Fly
The FlyGenasys (GNSS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$77.42M
Dividend YieldN/A
Average Volume (3M)154.65K
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue Growth86.71%
EPS Growth78.28%
CountryUS
Employees187
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.13
Shares Outstanding45,542,007
10 Day Avg. Volume133,851
30 Day Avg. Volume154,652
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)50.94
Price to Sales (P/S)2.71
P/FCF Ratio-12.24
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$4.50Price Target Upside171.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)$65.22M
Genasys Business Overview & Revenue Model
Company Description
Genasys Inc. (GNSS) provides integrated critical communications and mass-notification solutions used by governments and enterprises to alert, inform, and coordinate people during emergencies and other high-importance events. The company’s offering...
How the Company Makes Money
null...
Genasys Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Dec 15, 2026
Earnings Call Sentiment Positive
The call conveyed a largely constructive outlook: software revenue growth, a materially larger backlog, significant gross margin improvement, new customer wins and partnerships, and expanding hardware orders suggest strengthening fundamentals and momentum. However, near-term liquidity pressures (cash down to $3.1M), a year-over-year decline in reported revenue (-~26% driven by timing), the Puerto Rico pause, and remaining GAAP losses are tangible negatives. Management framed the revenue shortfall as timing-related and noted that the key issues are being resolved, supporting confidence in a record fiscal year if execution continues.Positive Updates
Software Revenue Growth
Total software revenue was $2.7M, up 21% year-over-year and up 12% sequentially; approximately $2.5M in software bookings during the quarter.
Negative Updates
Quarterly Revenue Decline
Total revenue for fiscal Q3 was $7.3M, down from $9.9M in the prior year period — a decline of approximately 26% year-over-year, driven by timing-related factors.
Read all updates
Q3-2026 Updates
Positive
Negative
Software Revenue Growth
Total software revenue was $2.7M, up 21% year-over-year and up 12% sequentially; approximately $2.5M in software bookings during the quarter.
Read all positive updates
Company Guidance
Management reiterated guidance that fiscal 2026 should be a record year for both revenue and profitability, supported by a 12‑month backlog of ~ $69.0M (up from $58.2M), Q3 revenue of $7.3M (vs. $9.9M prior year), Q3 gross margin of 57.1% (management emphasized margins remain above 50%), software revenue of $2.7M (up 21% YoY, 12% sequential) with ~ $2.5M in software bookings in the quarter, adjusted EBITDA improving to a loss of $3.1M (from a loss of $84.8M), GAAP net loss of $4.7M (‑$0.10/share) vs. ‑$6.5M (‑$0.14) a year ago, operating expenses of $8.2M (down 3.8%), SG&A $6.1M (down 4.6%), R&D $2.1M (down 1.2%), cash and marketable securities of $3.1M (vs. $8.0M on 9/30/25), and a term‑loan extended to July 2027; they expect to complete delivery on the initial $9M CROWS order within the fiscal year, see Puerto Rico ramp in Q4 after Q3 contributed only $1.3M and post‑quarter collections resumed (~$2.99M collected in the last four weeks), and highlighted continued hardware momentum (e.g., a $2.4M critical‑infrastructure order and ~ $4.4M of NXT sales to one utility this fiscal year vs. ~$1M prior), all of which management says underpins the record‑year outlook.Genasys Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
18
Very Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.89M | 40.76M | 24.01M | 46.66M | 54.03M | 47.00M |
| Gross Profit | 30.74M | 16.96M | 10.19M | 21.76M | 27.28M | 23.43M |
| EBITDA | -1.18M | -12.87M | -27.81M | -7.67M | 933.00K | 3.43M |
| Net Income | -6.18M | -18.11M | -31.73M | -18.40M | -16.21M | 704.00K |
Balance Sheet | ||||||
| Total Assets | 58.25M | 63.87M | 53.94M | 49.91M | 71.85M | 90.13M |
| Cash, Cash Equivalents and Short-Term Investments | 3.07M | 8.04M | 12.89M | 10.15M | 19.13M | 18.85M |
| Total Debt | 21.69M | 21.35M | 16.30M | 5.29M | 6.14M | 6.90M |
| Total Liabilities | 59.57M | 61.70M | 36.37M | 16.09M | 21.46M | 24.17M |
| Stockholders Equity | -1.32M | 2.17M | 17.56M | 33.81M | 50.39M | 65.96M |
Cash Flow | ||||||
| Free Cash Flow | -2.62M | -9.02M | -19.64M | -9.83M | 87.00K | 5.94M |
| Operating Cash Flow | -2.54M | -8.76M | -19.45M | -9.59M | 468.00K | 6.15M |
| Investing Cash Flow | 39.00K | 7.90M | -8.67M | 5.54M | -89.00K | -15.55M |
| Financing Cash Flow | 144.00K | 4.03M | 23.87M | -114.00K | -1.06M | 13.00K |
Genasys Technical Analysis
Negative
1.66
Price Trends
1.73
Negative
1.82
Negative
1.95
Negative
Market Momentum
<0.01
Negative
44.83
Neutral
38.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNSS, the sentiment is Negative. The current price of 1.66 is below the 20-day moving average (MA) of 1.72, below the 50-day MA of 1.73, and below the 200-day MA of 1.95, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 44.83 is Neutral, neither overbought nor oversold. The STOCH value of 38.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GNSS.
Genasys Risk Analysis
Genasys disclosed 42 risk factors in its most recent earnings report. Genasys reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Genasys Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $253.71M | 38.05 | 3.98% | 1.30% | 9.41% | ― | |
56 Neutral | $79.44M | -65.06 | -10.92% | ― | 7.85% | 45.80% | |
50 Neutral | $86.81M | -5.59 | -101.24% | ― | 87.26% | -32.16% | |
49 Neutral | $77.42M | -12.53 | -435.06% | ― | 86.71% | 78.28% | |
46 Neutral | $54.44M | -8.84 | -6.69% | 2.13% | -2.20% | -297.64% | |
44 Neutral | $74.06M | 854.35 | 0.15% | ― | 25.56% | ― |
* Technology Sector Average
GNSS
Genasys
1.67
-0.24
-12.57%
ELTK
Eltek
8.05
-2.05
-20.30%
RELL
Richardson Electronics
17.21
7.36
74.77%
CPSH
CPS Technologies
3.93
0.80
25.56%
LINK
Interlink Electronics
5.08
-0.77
-13.25%
WRAP
Wrap Technologies
1.52
0.10
7.04%
Genasys Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Genasys Previews Q3 Results, Expects Strong Q4 Rebound
Positive
Jul 30, 2026
On July 30, 2026, Genasys Inc. reported preliminary financial results for its fiscal third quarter ended June 30, 2026, indicating expected revenue between $7.0 million and $7.5 million and an adjusted EBITDA loss of $3.0 million to $3.3 million. ...
Business Operations and StrategyPrivate Placements and Financing
Genasys Secures High-Interest Term Loan for Liquidity
Negative
Jun 12, 2026
On June 9, 2026, Genasys Inc. entered into and closed an unsecured term loan agreement with Maran Partners Fund, LP, securing $4.3 million in financing to be used solely for working capital and general corporate purposes. The loan carries an 18% a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.