Filing Flows › Genasys (GNSS) › Q4 FY24
Genasys (GNSS) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 13, 2024
Genasys (GNSS) reported revenue of $6.7M for the fourth quarter fiscal 2024 (Q4 FY24), -37% from a year earlier and -6% from the quarter before. Operating margin was -105.8%, net loss $11.4M (168.9% of revenue).
Genasys, Q4 FY24: revenue $6.7M (-37% year over year), operating margin -105.8%, net loss $11.4M, operating cash flow $556K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7M | -6% | -37% |
| Operating profit | −$7.1M | — | — |
| Net earnings | −$11.4M | — | — |
| Operating cash flow | $556K | — | -83% |
| Free cash flow | $526K | — | -84% |
What changed
Revenue was $6.7M in Q4 FY24, down 37% year over year and down 6% from the previous quarter. Product was the largest line at 66% of revenue.
Gross margin was 40.8%, down 8.8 points from a year earlier. Operating costs exceeded revenue by $7.1M, an operating margin of -105.8%. Operating expenses grew 24% against a revenue fall of 37%. The fastest-growing cost line was Research & development (+37%). The quarter ended with a net loss of $11.4M, wider than the previous quarter's $6.7M loss.
Operating cash flow was $556K (down 83% year over year). Non-cash charges added back $736K of depreciation and amortization and $383K of share-based compensation. Working capital and other items added $10.8M. Capital expenditures of $30K left free cash flow of $526K.
Questions
What was Genasys' revenue in the fourth quarter fiscal 2024?
Genasys (GNSS) reported revenue of $6.7M for the fourth quarter fiscal 2024 (Q4 FY24), -37% from a year earlier and -6% from the quarter before.
Was Genasys profitable in the fourth quarter fiscal 2024?
Operating loss was $7.1M (-105.8% of revenue) and net loss $11.4M.
Source: Genasys 10-K on SEC EDGAR.