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Genasys (GNSS)
NASDAQ:GNSS
Earnings Data
Report Date
May 19, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.14Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented materially positive operational and financial momentum: record revenue (+146% YoY), very strong hardware growth (+220% YoY), improved margins, positive adjusted EBITDA, repayment of a $4.0M term loan, and $10.3M in cash. Management provided constructive forward guidance (targeting ~50% annualized gross margin and full-year operating and GAAP net income) and highlighted a robust backlog ($58M) and pipeline including the multi-year CROWS opportunity. Key risks include concentration of near-term revenue in the Puerto Rico project, software revenue being flat YoY, government budget/timing delays that lengthen sales cycles, and potential margin variability tied to project mix and deployment timing. Overall, the positives and improving profitability metrics outweigh the risks presented on the call.Company Guidance
Record Quarterly Revenue
Genasys reported record Q1 revenue of $17.1M, up 146% year-over-year, driven largely by strong hardware project deliveries.
Hardware Revenue Surge
Hardware revenues grew roughly 220% year-over-year, including $9.6M contributed by the Puerto Rico project and $9.8M recognized from that program in the quarter.
Improved Profitability and Cash Position
GAAP operating loss improved to -$0.4M from -$5.9M prior-year; GAAP net loss improved to -$0.8M from -$4.1M; adjusted EBITDA was positive $0.7M versus a -$4.8M loss a year ago. Cash, cash equivalents and marketable securities totaled $10.3M at quarter-end.
Balance Sheet Strengthening
Company fully repaid its $4.0M term loan during the quarter, improving flexibility and reducing leverage.
Backlog and Pipeline Momentum
Twelve-month backlog reported at $58.0M and management stated the pipeline is 'never been stronger,' with active pursuits across SLED, federal and international opportunities.
CROWS Program Opportunity
Announced a $9.0M production order under the CROWS AHD program; management estimates a total addressable market > $175M (approx. 5,000 units at ~$35k each) with initial revenue expected in H2 of the fiscal year.
Puerto Rico Project Progress
Puerto Rico program progressing: first two dam groups complete, third (largest) group under construction with equipment on-site, and site surveys/engineering begun for fourth group; project remains on track for 2027 completion.
Gross Margin Improvement and Guidance
Gross profit margins improved by ~220 basis points year-over-year (transcript notes '48% or 220 basis points'); management expects to expand annualized gross margins toward ~50% and achieve operating and GAAP net income for the full fiscal year.
Software Traction and Contracting
Software pipeline expanding; Q1 software revenue was $2.3M (flat YoY) but increased ~5% sequentially. Management stated they are in contracting with five cities/counties and two federal agencies, indicating progressing conversions.
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
GNSS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $2.05 | $1.99 | -2.93% |
Dec 09, 2025 | $2.39 | $2.14 | -10.46% |
Aug 14, 2025 | $1.64 | $1.85 | +12.80% |
May 13, 2025 | $1.76 | $1.61 | -8.52% |
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.
FAQ
When does Genasys (GNSS) report earnings?
Genasys (GNSS) is schdueled to report earning on May 19, 2026, After Close (Confirmed).
What is Genasys (GNSS) earnings time?
Genasys (GNSS) earnings time is at May 19, 2026, After Close (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 2026 (Q2) is -0.01.