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Genasys Inc. Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results [Yahoo! Finance]

Genasys Inc. (GNSS) 
Last genasys inc. earnings: 2/10 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
SAN DIEGO, December 09, 2024 BUSINESS WIRE Genasys Inc. (NASDAQ: GNSS), the leader in Protective Communications Solutions and Systems, today announced financial results for the Company's fiscal fourth quarter and full year ended September 30, 2024. Richard S. Danforth, Chief Executive Officer of Genasys, Inc., commented, "Looking back, fiscal year 2024 was a challenging year from a financial perspective. With the completion of the prior program of record with the US Army and poor bookings in fiscal 2023, we started 2024 with less than $7 million of total backlog. Though we were able to book and bill just over $17 million within the fiscal year, the revenue and subsequent margins throughout 2024 were well below expectations." Danforth continued, "Fiscal 2024 did have a number of important positive milestones that now set the Company up for substantial growth in 2025 and beyond. The Puerto Rico dam contract for $75 million is far and away the most significant. However, even excludi Show less Read more
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