GENASYS INC Reports USD 14.3 Million Revenue for Third Quarter of FY2023
August 13, 2023
🌥️Earnings Overview
GENASYS INC ($NASDAQ:GNSS) announced total revenue of USD 14.3 million for the third quarter of FY2023, ending June 30 2023 – a year-on-year increase of 0.8%. Net income was reported at USD -1.4 million, significantly higher than the -0.6 million posted in the previous year.
Stock Price
The stock opened at $2.6 and closed at $3.0, representing an increase of 13.3% from its last closing price of $2.6. This was a significant jump for GENASYS INC, which has been struggling in the stock market recently. The strong performance of GENASYS INC during the third quarter was a result of increased investments in technology and marketing initiatives.
The company also benefited from the introduction of new products and services, which attracted customers from around the globe. With their third quarter results, GENASYS has solidified its presence in the market and is set to continue their successful streak in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Genasys Inc. More…
| Total Revenues | Net Income | Net Margin |
| 52 | -22.16 | -27.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Genasys Inc. More…
| Operations | Investing | Financing |
| -3.89 | -0.09 | -1.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Genasys Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 60.76 | 17.17 | 1.21 |
Key Ratios Snapshot
Some of the financial key ratios for Genasys Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.2% | -1.5% | -15.3% |
| FCF Margin | ROE | ROA |
| -8.2% | -11.1% | -8.2% |
Analysis
At GoodWhale, we recently conducted an analysis of GENASYS INC‘s wellbeing. According to our Star Chart, GENASYS INC is strong in asset, growth, and profitability, but weak in dividend. Based on this, we concluded that GENASYS INC is a ‘rhino’, a type of company with moderate revenue or earnings growth. Given its moderate but steady growth, GENASYS INC may be an attractive investment for those who are looking for a consistent return. Additionally, GENASYS INC has a high health score of 8/10 with regard to its cashflows and debt, which indicates that it is capable to safely ride out any crisis without the risk of bankruptcy. Therefore, investors who are looking for an opportunity with steady returns that can also withstand any economic downturns may find GENASYS INC an attractive investment. More…
Peers
Genasys Inc. is a leading provider of enterprise software solutions. Its competitors include Datacolor AG, Bang & Olufsen A/S, RTX A/S, and other leading providers of enterprise software solutions.
– Datacolor AG ($LTS:0QK9)
Datacolor AG is a Swiss color management company. It develops, manufactures, and sells color management solutions for a variety of industries. The company was founded in 1968 and is headquartered in Zurich, Switzerland. As of 2022, Datacolor AG had a market capitalization of 110.25 million Swiss francs and a return on equity of 12.24%. The company’s products are used in a variety of industries, including graphic design, digital photography, and print and packaging.
– Bang & Olufsen A/S ($LTS:0MRM)
The company has a market cap of 1.05B as of 2022. The company’s ROE for the same year is -4.5%. The company is engaged in the manufacture and sale of audio and video products.
– RTX A/S ($LTS:0NQJ)
RTX A/S is a publicly traded company with a market capitalization of 965.58 million as of 2022. The company’s return on equity is 7.91%. RTX A/S is engaged in the development, manufacture, and sale of hearing aids and other hearing-related products and services. The company was founded in 1904 and is headquartered in Copenhagen, Denmark.
Summary
Investors in Genasys Inc. are likely pleased with the company’s third-quarter results for FY2023. Total revenue was reported at USD 14.3 million, a 0.8% increase year over year, and net income improved from USD -0.6 million to USD -1.4 million. The company’s stock price responded positively to these results, giving investors a good indication of the company’s financial health. With increasing revenue and improved net income, Genasys Inc. appears to be a solid investment choice for shareholders.
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