Genasys (GNSS)
NASDAQ:GNSS
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Genasys
(NASDAQ:GNSS)
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Rating:52Neutral
Price Target:
$2.00
▲(7.53% Upside)
Action:ReiteratedDate:03/31/26
GNSS scores in the low-50s primarily because financial statements still show significant strain (ongoing losses, negative cash flow, and high leverage/low equity), which outweighs the constructive earnings-call momentum and profitability guidance. Technicals remain weak with the stock trading below key moving averages, while valuation is difficult to support on earnings given a negative P/E; governance-focused corporate actions provide a modest positive offset.
Positive Factors
Record Revenue & Backlog
Sustained, large quarterly revenue growth and the cited $58M 12‑month backlog reflect meaningful demand traction across hardware and software channels. That backlog provides revenue visibility and supports multi-quarter execution, reducing near-term top-line volatility if management converts orders as planned.
Negative Factors
High Leverage
A debt-to-equity ratio near 9.4x on a thin equity base materially limits financial flexibility and increases refinancing and solvency risk. Persistent losses or delayed cash conversion could force dilutive financing or cutbacks, making leverage a multi-quarter structural vulnerability for execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Record Revenue & Backlog
Sustained, large quarterly revenue growth and the cited $58M 12‑month backlog reflect meaningful demand traction across hardware and software channels. That backlog provides revenue visibility and supports multi-quarter execution, reducing near-term top-line volatility if management converts orders as planned.
Read all positive factors
Genasys (GNSS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$84.09M
Dividend YieldN/A
Average Volume (3M)121.90K
Price to Earnings (P/E)―
Beta (1Y)1.43
Revenue Growth69.76%
EPS Growth43.82%
CountryUS
Employees202
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.02
Shares Outstanding45,212,310
10 Day Avg. Volume75,700
30 Day Avg. Volume121,900
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 Cap1.08
Enterprise Value/Revenue1.78
Enterprise Value/Gross Profit4.13
Enterprise Value/Ebitda-12.54
Forecast
1Y Price Target
$4.67Price Target Upside151.08% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.04
Revenue Forecast (FY)$71.30M
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 ...
How the Company Makes Money
Genasys primarily makes money by selling (1) software and related services tied to its emergency management and mass notification platform(s), and (2) hardware systems in its LRAD product line, plus associated support. On the software side, revenu...
Genasys Key Performance Indicators (KPIs)
Genasys Earnings Call Summary
Earnings Call Date:Feb 10, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:May 19, 2026
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.Positive Updates
Record Quarterly Revenue
Genasys reported record Q1 revenue of $17.1M, up 146% year-over-year, driven largely by strong hardware project deliveries.
Negative Updates
Software Revenue Flat Year-over-Year
Total software revenue remained flat at $2.3M year-over-year (0% YoY), highlighting slower YoY growth in the high-margin recurring business despite a ~5% sequential increase.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Quarterly Revenue
Genasys reported record Q1 revenue of $17.1M, up 146% year-over-year, driven largely by strong hardware project deliveries.
Read all positive updates
Company Guidance
Management guided to achieve full‑year operating and GAAP net income profitability in fiscal 2026 while expanding annualized gross margins to roughly 50%, and they expect initial CROWS AHD program revenue in H2 (after a $9.0M production order) with a CROWS TAM in excess of $175M (≈5,000 units × $35k); they cited a Q1 record revenue of $17.1M (↑146% YoY), hardware growth ~220% (including ≈$9.6M from Puerto Rico), software revenue $2.3M (flat YoY, +5% sequential), gross margin improvement of ~220 bps YoY, operating expenses $8.1M (‑6% YoY), GAAP operating loss of $0.4M vs $5.9M prior year, adjusted EBITDA +$0.7M vs ‑$4.8M prior, GAAP net loss $0.8M vs $4.1M prior, a 12‑month backlog of $58.0M, cash and equivalents of $10.3M after retiring a $4.0M term loan, and active contracting with five cities/counties and two federal agencies as pipeline momentum continues.Genasys Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
22
Negative
Cash Flow
28
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.88M | 40.76M | 24.01M | 46.66M | 54.03M | 47.00M |
| Gross Profit | 21.96M | 16.96M | 10.19M | 21.76M | 27.28M | 23.43M |
| EBITDA | -7.23M | -12.87M | -27.81M | -7.66M | 933.00K | 3.38M |
| Net Income | -14.85M | -18.11M | -31.73M | -18.40M | -16.21M | 704.00K |
Balance Sheet | ||||||
| Total Assets | 67.65M | 63.87M | 53.94M | 49.91M | 71.85M | 90.13M |
| Cash, Cash Equivalents and Short-Term Investments | 10.32M | 8.04M | 12.89M | 10.15M | 19.13M | 18.85M |
| Total Debt | 16.89M | 21.35M | 16.30M | 5.29M | 6.14M | 6.90M |
| Total Liabilities | 65.84M | 61.70M | 36.37M | 16.09M | 21.46M | 24.17M |
| Stockholders Equity | 1.81M | 2.17M | 17.56M | 33.81M | 50.39M | 65.96M |
Cash Flow | ||||||
| Free Cash Flow | -2.69M | -9.02M | -19.64M | -9.83M | 87.00K | 5.94M |
| Operating Cash Flow | -2.51M | -8.76M | -19.45M | -9.59M | 468.00K | 6.15M |
| Investing Cash Flow | 5.31M | 7.90M | -8.67M | 5.54M | -89.00K | -15.55M |
| Financing Cash Flow | -899.00K | 4.03M | 23.87M | -114.00K | -1.06M | 13.00K |
Genasys Technical Analysis
Neutral
1.86
Price Trends
1.88
Negative
2.04
Negative
2.04
Negative
Market Momentum
-0.02
Negative
52.09
Neutral
88.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNSS, the sentiment is Neutral. The current price of 1.86 is above the 20-day moving average (MA) of 1.82, below the 50-day MA of 1.88, and below the 200-day MA of 2.04, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 52.09 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $206.56M | 42.82 | 0.51% | 2.25% | 6.17% | ― | |
54 Neutral | $54.08M | 70.33 | 1.85% | 2.16% | 2.54% | -79.99% | |
52 Neutral | $84.09M | -29.74 | -391.12% | ― | 69.76% | 43.82% | |
52 Neutral | $84.99M | 110.94 | 2.42% | ― | 38.22% | 70.68% | |
48 Neutral | $83.25M | -11.60 | -140.08% | ― | -2.32% | 26.38% | |
43 Neutral | $48.83M | -35.85 | -14.57% | ― | -1.70% | 17.13% |
* Technology Sector Average
GNSS
Genasys
1.86
-0.20
-9.71%
ELTK
Eltek
8.05
>-0.01
-0.02%
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13.35
5.40
67.86%
CPSH
CPS Technologies
4.72
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212.58%
LINK
Interlink Electronics
3.10
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WRAP
Wrap Technologies
1.50
0.02
1.35%
Genasys Corporate Events
Business Operations and StrategyExecutive/Board Changes
Genasys Adds Larry Hagenbuch to Board, Audit Chair
Positive
Mar 30, 2026
On March 26, 2026, Genasys Inc. appointed Lawrence F. “Larry” Hagenbuch to its Board of Directors and named him chair of the Audit Committee, granting him restricted stock units consistent with other non‑employee directors. The M...
Executive/Board ChangesShareholder Meetings
Genasys Shareholders Approve Directors, Auditors and Executive Pay
Positive
Mar 18, 2026
Genasys Inc. held its 2026 Annual Meeting of Stockholders on March 17, 2026, with 25,083,917 of 45,212,311 eligible shares represented in person or by proxy. Shareholders elected five directors — Richard S. Danforth, William H. Dodd, W. Crai...
Business Operations and StrategyExecutive/Board Changes
Genasys Updates CEO Compensation Package With Performance Focus
Positive
Jan 30, 2026
On January 26, 2026, Genasys Inc.’s board and compensation committee approved a 2026 pay package for CEO Richard Danforth that includes a $490,000 base salary, an at‑target cash bonus equal to 100% of salary tied to revenue, annual rec...
Executive/Board Changes
Genasys Appoints Cassandra Hernandez-Monteon as Permanent CFO
Positive
Jan 2, 2026
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, 20...
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.