The preliminary results significantly exceed consensus expectations for Q4 revenue and show strong margin expansion. The full-year revenue guidance implies a record year with over 80% YoY growth from the prior year's $32.6M in the first six months. The December 15 earnings call will provide complete audited results and FY2027 outlook, which will be the next key catalyst.
Price Chart
Executive Summary
Genasys Inc. issued a preliminary unaudited fiscal Q4 and full-year 2026 earnings release, guiding to record FY2026 revenue of $60.5M-$62.0M and adjusted EBITDA of $7.2M-$8.2M. The Q4 revenue midpoint of $21.25M is well above the $17.1M consensus, and the company expects Q4 gross margin of 66%-68% and operating income of $6.5M-$6.8M. The filing also notes a strong backlog and growing pipeline, with the Puerto Rico EWS project ramping back up and continued software growth.
Key Financial Metrics
Key Facts
- FY2026 revenue guided to $60.5M-$62.0M, a record year
- Q4 revenue expected between $20.5M and $22.0M, above the $17.1M consensus
- Q4 gross margin expected between 66% and 68%
- Q4 adjusted EBITDA expected between $7.0M and $8.0M
- Full-year adjusted EBITDA guided to $7.2M-$8.2M
- Q4 operating income expected between $6.5M and $6.8M
- Full-year operating income guided to $3.4M-$3.7M
- Puerto Rico Dams EWS project activity ramped back up in Q4
- CROWS II Technical Refresh program order delivered in Q4
- Software business continued to grow as agencies adopt Genasys Protect
- Company enters FY2027 with strong backlog and growing pipeline
- Complete audited results to be released December 15, 2026
Financial Impact
FY2026 revenue guided to $60.5M-$62.0M, compared to $32.6M in the first six months, implying a strong H2. Q4 revenue midpoint of $21.25M is 24% above the $17.1M consensus. Full-year adjusted EBITDA guided to $7.2M-$8.2M.
Risk Factors
- Results are preliminary and unaudited; final audited numbers may differ
- Puerto Rico EWS project payment timing and government funding risks remain
- Reliance on a limited number of large customers
- Possible need for additional capital given $1.0M cash and $14.6M notes payable as of March 31, 2026
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-437101 |
| Document: gnss-ex99_1.htm | 0001193125-26-437101 |
| Document: 0001193125-26-437101-index-headers.html | 0001193125-26-437101 |
| Document: 0001193125-26-437101-index.html | 0001193125-26-437101 |
| Document: 0001193125-26-437101.txt | 0001193125-26-437101 |
| 8-K Data (Synthetic) | 0001193125-26-437101 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $1.69 $1.54 | ▼ −8.88% | ▼ −7.10% | $1.54 (−8.88%) |
Oct 28, 2026 4d ago | 8-K | $1.60 $1.69 | ▲ +5.63% | ▲ +6.01% | $1.54 (−3.75%) |
Jul 15, 2026 15w ago | 8-K | $1.74 $1.69 | ▼ −2.87% | ▼ −2.33% | $1.54 (−11.49%) |
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