GNSSNasdaqHousehold Audio & Video EquipmentUS GAAP · USD

Genasys Inc.

Genasys Inc. develops Protective Communications solutions that combine LRAD acoustic hardware with the Genasys Protect software platform for emergency warning, mass notification, and critical event management. The company sells systems used before, during, and after crises to help governments, militaries, schools, and enterprises send targeted alerts and instructions across multiple channels.

Kysy yhtiöstä
Liikevoitto (EBIT)−16,8milj. USD
+37,1 %v/v
Nettotulos−18,1milj. USD
+42,9 %v/v
Vapaa kassavirta−9,0milj. USD
+54,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−30−20−10010milj. USD2020: EBIT 6,0 milj. USD20202021: EBIT 1,1 milj. USD20212022: EBIT −16 milj. USD20222023: EBIT −11 milj. USD20232024: EBIT −27 milj. USD20242025: EBIT −17 milj. USD2025−17
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Genasys Inc.

Liiketoiminta

Osuus liikevaihdosta
Hardware - LRAD acoustic systems72 %

Long-range acoustic devices and mass notification speakers used for voice broadcast, warning, and de-escalation.

Software - Genasys Protect platform28 %

Software for emergency warning, critical event management, and multi-channel alert delivery.

Professional services and support0 %

Implementation, support, and related services tied to software deployments and customer contracts.

Tuotteet

Raportoitu · osuus liikevaihdosta
69,8%30,2%FY2025100 %
  • Products69,8 %
  • Services30,2 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Genasys sells directly to governments, militaries, large end-users, and commercial companies, and it also uses resellers, system integrators, and independent representatives. Its core buyers are public-sector agencies and critical infrastructure operators that need reliable mass notification, evacuation, and de-escalation tools for high-stakes environments.

Government and public safety agencies

Buy alerting, warning, and evacuation tools for emergency response, homeland security, and public notification.

Defense and military

Buy LRAD and related communications systems for broadcast, perimeter security, and de-escalation.

SLED education customers

Schools and education systems buy mass notification and crisis communication software.

Critical infrastructure enterprises

Utilities, oil and gas, manufacturing, automotive, and healthcare customers buy enterprise safety and event management tools.

Channel partners and integrators

Resellers and system integrators purchase products to bundle into broader security and communications solutions.

Strategia

Genasys is prioritizing software expansion, larger public-sector contracts, and continued commercialization of its unified Protective Communications platform. It is also using acquisitions, partnerships, and direct sales capacity to broaden its software stack and deepen its position in emergency management and critical event workflows.

Grow software and recurring revenueKeskipitkä aikaväli

Software improves mix, supports stickier customer relationships, and reduces reliance on lumpy hardware orders.

Win large public-sector and defense contractsLyhyt aikaväli

These contracts can anchor revenue and validate the platform in mission-critical use cases.

Expand channel and regional sales coverageKeskipitkä aikaväli

Resellers, integrators, and local offices help reach fragmented international and enterprise markets.

Maantiede

Q1/2026

Genasys reports a global business with physical offices in North America, Europe, and the Middle East, and it sells into both domestic and international markets. In the latest quarter, U.S. revenue was 87.6% of total revenue and international revenue was 12.4%, showing a heavy dependence on the U.S. market even though the company markets globally.

Americas48 %
USA47 %
EMEA3,8 %
Asia Pacific1,5 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Genasys depends on a small number of large customers and on government procurement cycles, which makes revenue uneven and can create sharp quarter-to-quarter swings. The company also faces cybersecurity, supply-chain, trade-policy, and funding risks because its products and software are used in critical infrastructure and public-safety environments.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Government procurement and budget timing1Customer concentration2Cybersecurity and IT disruption3Trade policy and geopolitical disruption4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Government procurement and budget timingVaikutus: KorkeaTodennäköisyys: Korkea

    Sales depend heavily on public-sector budget cycles, which can delay orders and create uneven revenue flow.

    KohdistuuDefensePublic safetyHomeland security customers
  2. Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    One customer represented 32% of fiscal 2025 revenue, so the loss or delay of a major account could materially hurt results.

    Kohdistuu: Large government or defense contracts

  3. Cybersecurity and IT disruptionVaikutus: KorkeaTodennäköisyys: Matala

    The company has experienced cybersecurity incidents before and its products, vendors, and customers are exposed to evolving attacks.

    KohdistuuSoftware platformCustomer dataCritical service providers
  4. Trade policy and geopolitical disruptionVaikutus: KeskitasoTodennäköisyys: Korkea

    Tariffs, sanctions, trade barriers, and international tensions can affect supply chain design and overseas demand.

    Kohdistuu: International operations and sourcing

Kysy Clarifolta: Genasys Inc.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition under ASC 606

Hardware, software, support, and services may have different performance obligations and timing of recognition.

Vaikutus: Affects reported revenue mix and quarter-to-quarter comparability

Deferred revenue

Extended warranty and software support contracts are billed before revenue is fully earned.

Vaikutus: Affects future revenue visibility and balance-sheet liabilities

Warranty reserve

Management estimates future repair and replacement costs when product revenue is recognized.

Vaikutus: Affects cost of revenue and gross margin

Goodwill impairment

Acquisitions such as Evertel, Zonehaven, and Amika create goodwill that must be tested for impairment.

Vaikutus: Could create non-cash charges if acquired businesses underperform

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Päivitetty: 24.9.2026

Genasys Inc. (Nasdaq) – Household Audio & Video Equipment | Analyysi – Clarifo