Genasys (GNSS) AI Stock Analysis

• Market Cap: $96.71M
• Dividend Yield: N/A
• Average Volume (3M): 134.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.48
• Revenue Growth: 69.76%
• EPS Growth: 43.82%
• Country: US
• Employees: 202
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.04
• Shares Outstanding: 45,193,560
• 10 Day Avg. Volume: 189,597
• 30 Day Avg. Volume: 134,951
• PEG Ratio: 0.14
• Price to Book (P/B): 50.94
• Price to Sales (P/S): 2.71
• P/FCF Ratio: -12.24
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 3.06
• Enterprise Value/Gross Profit: 8.39
• Enterprise Value/Ebitda: -4.36
• 1Y Price Target: $4.88
• Price Target Upside: 128.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: $2.00 ▼(-6.54% Downside)

The score is held down primarily by weak financial quality (losses, negative cash flow, and higher leverage). Recent earnings-call momentum (record revenue, improving profitability metrics, strong backlog) and constructive corporate actions help, but the technical picture and loss-driven valuation remain mixed.

Positive Factors

Record Revenue Growth

The significant revenue growth indicates strong market demand and successful execution of strategic projects, supporting long-term expansion.

Strong Gross Margin

Maintaining a strong gross margin suggests effective cost management and pricing power, enhancing long-term profitability prospects.

Significant Backlog

A substantial backlog indicates robust future demand and provides revenue visibility, supporting sustained growth.

Negative Factors

Rising Leverage

Increased leverage can strain financial flexibility and elevate risk, potentially impacting long-term financial health.

Negative Cash Flow

Negative cash flows highlight challenges in cash generation, which could hinder investment and growth opportunities.

Net Loss Despite Improvements

Ongoing net losses, despite improvements, suggest persistent profitability challenges that may affect long-term sustainability.

Genasys Business Overview & Revenue Model

Company Description

Genasys Inc. a global provider of critical communications hardware and software solutions worldwide. The company operates through two segments, Hardware and Software. It provides long range acoustic devices, such as acoustic hailing devices which are used to project sirens and audible voice messages; and Genasys Emergency Management, a software-based product line. The company also offers National Emergency Warning Systems, a software application that works with mobile carriers to send emergency communications to the public; Integrated Mass Notification Systems, an emergency response solution, uniting GEM Software and Genasys speaker system hardware; and GEM software to emails, voice calls, text messages, panic buttons, desktop alerts, television, social media, and others. It sells its products directly to governments, militaries, end-users, and commercial companies. The company was formerly known as LRAD Corporation. Genasys Inc. is based in San Diego, California.

How the Company Makes Money

Genasys generates revenue through multiple streams, primarily focusing on the sales of its critical communication systems and software solutions. The company earns income from direct product sales, subscriptions for software services, and maintenance contracts. Additionally, Genasys has established partnerships with various governmental agencies and private sector organizations, which often lead to long-term contracts and recurring revenue. The company may also participate in joint ventures or collaborations that enhance its service offerings, further contributing to its earnings.

Genasys Financial Statement Overview

Summary

Strong revenue growth is offset by weak fundamentals: ongoing losses, negative operating/free cash flow, and rising leverage (high and increasing debt-to-equity with negative ROE).

Income Statement

Genasys has shown a significant revenue growth rate of 33.76% in the latest year, indicating strong top-line expansion. However, the company is struggling with profitability, as evidenced by negative EBIT and net income margins. The gross profit margin has decreased over the years, suggesting rising costs or pricing pressures.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, which has increased significantly, indicating rising leverage and potential financial risk. The return on equity is negative, reflecting ongoing losses. The equity ratio has decreased, suggesting a weakening financial position.

Cash Flow

Genasys is facing challenges with cash flow, as both operating and free cash flows are negative. The free cash flow growth rate is negative, indicating deteriorating cash generation capabilities. The operating cash flow to net income ratio is unfavorable, highlighting inefficiencies in converting income into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	30.47M	40.76M	24.01M	46.66M	54.03M	47.00M
Gross Profit	11.13M	16.96M	10.19M	21.76M	26.34M	23.43M
EBITDA	-21.44M	-15.21M	-22.99M	-7.66M	933.00K	3.38M
Net Income	-28.09M	-18.11M	-31.73M	-18.40M	-16.21M	704.00K
Balance Sheet
Total Assets	57.39M	63.87M	53.94M	49.91M	71.85M	90.13M
Cash, Cash Equivalents and Short-Term Investments	5.46M	8.04M	12.89M	10.15M	19.13M	18.85M
Total Debt	20.59M	21.35M	16.30M	5.29M	6.14M	6.90M
Total Liabilities	54.23M	61.70M	36.37M	16.09M	21.46M	24.17M
Stockholders Equity	3.16M	2.17M	17.56M	33.81M	50.39M	65.96M
Cash Flow
Free Cash Flow	-10.96M	-9.02M	-19.64M	-9.83M	87.00K	5.94M
Operating Cash Flow	-10.71M	-8.76M	-19.45M	-9.59M	468.00K	6.15M
Investing Cash Flow	3.62M	7.90M	-8.67M	5.54M	-89.00K	-15.55M
Financing Cash Flow	3.98M	4.03M	23.87M	-114.00K	-1.06M	13.00K

Genasys Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 2.14 is below the 20-day moving average (MA) of 2.19, below the 50-day MA of 2.24, and above the 200-day MA of 2.03, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.89 is Neutral, neither overbought nor oversold. The STOCH value of 22.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GNSS.

Genasys Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RELL	63 Neutral	$164.88M	534.26	0.11%	2.25%	6.17%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CPSH	60 Neutral	$57.35M	-77.83	-3.84%	―	38.22%	70.68%
ELTK	59 Neutral	$57.22M	49.97	2.70%	2.16%	2.54%	-79.99%
WRAP	54 Neutral	$130.93M	-9.00	-136.26%	―	-2.32%	26.38%
GNSS	47 Neutral	$96.71M	-5.32	-183.60%	―	69.76%	43.82%
LINK	41 Neutral	$60.01M	-31.21	-13.78%	―	-1.70%	17.13%

Genasys Corporate Events

Genasys Appoints Cassandra Hernandez-Monteon as Permanent CFO

On December 24, 2025, Genasys Inc.’s board of directors appointed Cassandra Hernandez-Monteon as the company’s Chief Financial Officer, Treasurer and Secretary, formalizing the position she had held on an interim basis since July 1, 2025. In connection with the promotion, the board raised her base salary to $275,000, approved a fiscal 2026 bonus plan tied to financial and operating performance metrics, and granted her 70,000 restricted stock units split between time-based and performance-based vesting, with provisions for accelerated vesting in the event of a change of control, signaling the board’s commitment to performance alignment and leadership stability in the finance function.

The most recent analyst rating on (GNSS) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Genasys stock, see the GNSS Stock Forecast page.

Genasys Updates Governance Agreement and Repays Additional Term Loan

On December 19, 2025, Genasys Inc. entered into an Amended and Restated Cooperation Agreement with Nicoya Capital–affiliated investor entities linked to director R. Rimmy Malhotra, setting board nomination terms for the 2026 Annual Meeting, including the nomination of Richard S. Danforth, Susan Lee Schmeiser, William H. Dodd, W. Craig Fugate and Malhotra, as well as a commitment to work with the investors to select a mutually acceptable Audit Committee chair candidate, with Malhotra to serve as interim chair if no candidate is agreed upon by the filing of the company’s June 30, 2026 quarterly report. The revised agreement establishes standstill and mutual non-disparagement obligations for the investor group, outlines procedures for replacing Malhotra, defines conditions under which the agreement may terminate ahead of the 2027 Annual Meeting nomination window, and provides for Richard H. Osgood III and Mark Culhane to join a strategic advisory committee after the 2026 Annual Meeting, while Culhane will not stand for re-election to the board despite no disagreements with the company, and separately, on December 29, 2025 Genasys repaid in full an additional $4 million term loan plus interest and fees, leaving a previously extended $15 million term loan still outstanding, signaling ongoing balance sheet management and a recalibration of its governance structure in coordination with a key shareholder group.

The most recent analyst rating on (GNSS) stock is a Buy with a $5.25 price target. To see the full list of analyst forecasts on Genasys stock, see the GNSS Stock Forecast page.

Genasys Chairman Osgood to Join Advisory Board

On December 4, 2025, Richard H. Osgood III announced he will not stand for re-election at Genasys Inc.’s 2026 Annual Meeting, but will transition to the Strategic Advisory Board. Osgood, who has been a director since 2013 and chairman since 2021, has significantly contributed to the company’s growth in Protective Communications. His move is not due to any disagreements with the company, and he will continue to serve until the annual meeting. This transition is expected to maintain his influence and strategic input within the company.

The most recent analyst rating on (GNSS) stock is a Buy with a $4.50 price target. To see the full list of analyst forecasts on Genasys stock, see the GNSS Stock Forecast page.