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Genasys
Genasys (GNSS) investor relations material
Genasys Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary10 Feb, 2026
Executive summary
Revenue reached $17.1 million in Q1 fiscal 2026, up 146% year-over-year, driven by strong hardware sales and major project execution, especially the Puerto Rico EWS Project.
Net loss narrowed to $0.8 million from $4.1 million year-over-year, with adjusted EBITDA turning positive at $0.7 million.
Appointed Cassandra Monteon as full-time CFO and fully repaid a $4 million term loan, strengthening financial leadership and the balance sheet.
Cash and equivalents totaled $10.3 million at quarter-end after loan repayment.
Financial highlights
Hardware revenue grew 220% year-over-year, with $9.6 million from the Puerto Rico project; software revenue was $2.3 million, flat year-over-year.
Gross margin improved to 52% from 45.8% year-over-year, with gross profit at $8.9 million.
Operating expenses decreased 6% year-over-year to $8.1–$8.5 million due to cost reduction initiatives.
GAAP operating loss reduced to $0.4 million from $5.9 million prior year.
Adjusted EBITDA was $0.7 million, a turnaround from a $4.8 million loss a year ago.
Outlook and guidance
Management expects to achieve both operating and net income profitability for fiscal 2026, with gross margins targeted at 50%.
97% of remaining $35.3 million in performance obligations expected to be recognized within 12 months, mostly from the Puerto Rico EWS Project.
Confident in delivering meaningful year-over-year revenue growth and expanding margins, supported by large-scale contracts and an expanding pipeline.
Inflationary pressures and U.S. government funding uncertainties may impact future margins and revenue timing.
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Next Genasys earnings date
Q2 202612 May, 2026
Genasys
Next Genasys earnings date
Q2 202612 May, 2026
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Genasys Inc develops and supplies critical communications systems and technologies for emergency warning and mass notification applications. Its products are used by governments, businesses, and public safety agencies globally. The company is headquartered in San Diego, California, and its shares are listed on the NASDAQ.
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