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Genasys (GNSS) investor relations material
Genasys Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Fiscal Q3 2026 revenue was $7.3 million, down from $9.9 million year-over-year due to timing issues and supply chain constraints, both now resolved.
Gross margin improved to 57.1% from 26.3% year-over-year, driven by a higher mix of software revenue.
Software revenue grew 21% year-over-year and 12% sequentially, with notable contract wins and platform integrations expanding reach and adoption.
Backlog exceeded $69 million entering Q4, providing strong revenue visibility and supporting expectations for a record year in revenue and profitability.
Net loss narrowed to $4.7 million from $6.5 million in the prior year quarter, and adjusted EBITDA loss improved to $3.1 million from $4.8 million year-over-year.
Financial highlights
Q3 2026 revenue: $7.3 million (down from $9.9 million year-over-year).
Software revenue: $2.7 million, up 21% year-over-year and 12% sequentially.
Gross profit margin: 57.1% (up from 26.3% year-over-year).
GAAP net loss: $4.7 million ($0.10 per share), improved from $6.5 million loss ($0.14 per share) year-over-year.
Cash, equivalents, and marketable securities: $3.1 million as of June 30, 2026, down from $8.0 million at September 30, 2025.
Outlook and guidance
Management expects fiscal 2026 to be a record year for both revenue and profitability.
Puerto Rico project expected to contribute meaningfully to Q4 revenue as collections and work resume.
Hardware and software pipelines remain strong, with growing demand and expanding market reach.
- Q2 2026 revenue up 124% to $15.5M, with 63.3% gross margin and a return to profitability.GNSS
Q2 2026 - Record revenue growth and major contracts drive strong outlook and profitability in FY2026.GNSS
Investor presentation - Revenue up 146% to $17.1M, gross margin rose to 52%, and profitability expected in 2026.GNSS
Q1 2026 - Virtual meeting to elect directors, ratify auditor, and approve executive pay on March 17, 2026.GNSS
Proxy Filing - Shareholders will vote virtually on directors, auditor ratification, and executive compensation.GNSS
Proxy Filing - Record Q4 revenue and profitability signal strong momentum and growth outlook for 2026.GNSS
Q4 2025 - Record bookings and a $75M Puerto Rico contract set up strong 2025 growth.GNSS
Q4 2024 - Software revenue up 120% and major projects set to drive future growth despite hardware decline.GNSS
Q3 2024 - Tech-driven property management disrupts the industry with data, growth, and cost savings.GNSS
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