Genasys Inc Down 8.75% To $1.72 After Earnings Miss

Wednesday, February 14, 2024 - Genasys Inc (GNSS) reported downside earnings and revenues today.

Genasys Inc's earnings came in at an EPS loss of $0.15 per share, 50% lower than estimates for an EPS loss of $0.1 per share. The firm's loss per share expanded by 50% since reporting a loss of $0.1 per share a year ago.

Revenues were downbeat at $4.4 million. That represents a 58.42% decrease in revenues from the year-ago report and is 44.80% lower than consensus estimates set at $7.9 million.

The stock is down 8.75% to $1.72 after the report.

Despite Genasys Inc reporting a decline in revenues, earnings increased signaling a rise in profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Genasys Inc a Bullish Sentiment Rank from InvestorsObserver.

Genasys Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 22, putting Genasys Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $1.51 on February 2, 2024 and set a 52-week high on February 14, 2023 at $4.07.

Genasys Inc is a provider of critical communications solutions designed to help keep people safe. The company is engaged in the design, development, and commercialization of directed and multidirectional sound technologies, voice broadcast products and location-based mass messaging solutions for emergency warning and workforce management. Its operating segment includes Hardware and Software. The company generates maximum revenue from the Hardware segment. Geographically, it derives a majority of revenue from the Americas and also has a presence in the Asia Pacific and Europe, Middle East and Africa.