Filing Flows › Genasys (GNSS) › Q2 FY25
Genasys (GNSS) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 13, 2025
Genasys (GNSS) reported revenue of $6.9M for the second quarter fiscal 2025 (Q2 FY25), +21% from a year earlier and -0.1% from the quarter before. Operating margin was -90.2%, net loss $6.1M (88.6% of revenue).
Genasys, Q2 FY25: revenue $6.9M (+21% year over year), operating margin -90.2%, net loss $6.1M, operating cash flow −$6.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.9M | -0.1% | +21% |
| Operating profit | −$6.3M | — | — |
| Net earnings | −$6.1M | — | — |
| Operating cash flow | −$6.3M | -1237% | — |
What changed
Revenue was $6.9M in Q2 FY25, up 21% year over year and roughly flat from the previous quarter. Service was the largest line at 56% of revenue. Service added $1.3M year over year (up 53%), 112% of the total change. Product declined 4%.
Gross margin was 37.7%, down 0.3 points from a year earlier. Operating costs exceeded revenue by $6.3M, an operating margin of -90.2%. Operating expenses fell 3% while revenue rose 21%. The quarter ended with a net loss of $6.1M, wider than the previous quarter's $4.1M loss.
Operating cash flow was −$6.3M. Non-cash charges added back $691K of depreciation and amortization and $414K of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $155K exceeded it, leaving free cash flow of −$6.5M.
Questions
What was Genasys' revenue in the second quarter fiscal 2025?
Genasys (GNSS) reported revenue of $6.9M for the second quarter fiscal 2025 (Q2 FY25), +21% from a year earlier and -0.1% from the quarter before.
Was Genasys profitable in the second quarter fiscal 2025?
Operating loss was $6.3M (-90.2% of revenue) and net loss $6.1M.
Source: Genasys 10-Q on SEC EDGAR.