Genasys (GNSS)
Market Price (10/8/2026): $0 | Market Cap: $-Sector: Information Technology | Industry: Electronic Equipment & Instruments
Genasys (GNSS)
Market Price (10/8/2026): $0Market Cap: $-Sector: Information TechnologyIndustry: Electronic Equipment & Instruments
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 87% Low stock price volatilityVol 12M is 49% Megatrend and thematic driversMegatrends include Public Safety & Emergency Response. Themes include Critical Communications Systems, Mass Notification & Warning, and Homeland Security & Defense Technologies. | Weak multi-year price returns2Y Excs Rtn is -96%, 3Y Excs Rtn is -110% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.2% Weak revenue growthRev Chg QQuarterly Revenue Change % is -26% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.5% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% Key risksGNSS key risks include [1] a high concentration of revenue from a limited number of customers and [2] precarious financial health, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 87% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include Public Safety & Emergency Response. Themes include Critical Communications Systems, Mass Notification & Warning, and Homeland Security & Defense Technologies. |
| Weak multi-year price returns2Y Excs Rtn is -96%, 3Y Excs Rtn is -110% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.2% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -26% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.5% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% |
| Key risksGNSS key risks include [1] a high concentration of revenue from a limited number of customers and [2] precarious financial health, Show more. |
Qualitative Assessment
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Genasys (GNSS) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Genasys reported significantly lower-than-anticipated revenue and earnings for fiscal Q3 2026, which ended on June 30, 2026. The company announced revenue of $7.3 million, missing analyst estimates of $15.47 million, and a GAAP net loss of ($0.10) per share, considerably wider than the expected loss of ($0.02) per share.
2. The fiscal Q3 2026 revenue shortfall was primarily driven by "timing-related factors" including delays in a key $9 million CROWS program order due to supply chain constraints, and a "deliberate pause" in work on the Puerto Rico project pending collections. The Puerto Rico project only contributed $1.3 million to Q3 revenue, impacting overall financial performance.
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Genasys (GNSS) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Genasys reported significantly lower-than-anticipated revenue and earnings for fiscal Q3 2026, which ended on June 30, 2026. The company announced revenue of $7.3 million, missing analyst estimates of $15.47 million, and a GAAP net loss of ($0.10) per share, considerably wider than the expected loss of ($0.02) per share.
2. The fiscal Q3 2026 revenue shortfall was primarily driven by "timing-related factors" including delays in a key $9 million CROWS program order due to supply chain constraints, and a "deliberate pause" in work on the Puerto Rico project pending collections. The Puerto Rico project only contributed $1.3 million to Q3 revenue, impacting overall financial performance.
3. Genasys paid a $92,500 fee to extend a $3.5 million term loan, pushing its maturity date to July 2027. This action, reported in September 2026, may have raised concerns about the company's financial flexibility or ongoing liquidity needs despite management's optimistic full-year outlook.
4. Following the disappointing fiscal Q3 2026 results, some financial analysts reduced their price targets for Genasys. For example, Ascendiant Capital Markets lowered its price target from $6.00 to $5.00 in late August 2026.
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Stock Movement Drivers
Fundamental Drivers
The -15.3% change in GNSS stock from 6/30/2026 to 10/7/2026 was primarily driven by a -11.0% change in the company's P/S Multiple.| (LTM values as of) | 6302026 | 10072026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.70 | 1.44 | -15.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 59 | 57 | -4.3% |
| P/S Multiple | 1.3 | 1.2 | -11.0% |
| Shares Outstanding (Mil) | 45 | 46 | -0.6% |
| Cumulative Contribution | -15.3% |
Market Drivers
6/30/2026 to 10/7/2026| Return | Correlation | |
|---|---|---|
| GNSS | -15.3% | |
| Market (SPY) | 4.1% | 15.7% |
| Sector (XLK) | 5.7% | 26.3% |
Fundamental Drivers
The -20.9% change in GNSS stock from 3/31/2026 to 10/7/2026 was primarily driven by a -28.7% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 10072026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.82 | 1.44 | -20.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 51 | 57 | 11.8% |
| P/S Multiple | 1.6 | 1.2 | -28.7% |
| Shares Outstanding (Mil) | 45 | 46 | -0.7% |
| Cumulative Contribution | -20.9% |
Market Drivers
3/31/2026 to 10/7/2026| Return | Correlation | |
|---|---|---|
| GNSS | -20.9% | |
| Market (SPY) | 19.8% | 18.5% |
| Sector (XLK) | 51.7% | 25.5% |
Fundamental Drivers
The -41.2% change in GNSS stock from 9/30/2025 to 10/7/2026 was primarily driven by a -68.3% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 10072026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.45 | 1.44 | -41.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 30 | 57 | 86.7% |
| P/S Multiple | 3.6 | 1.2 | -68.3% |
| Shares Outstanding (Mil) | 45 | 46 | -0.8% |
| Cumulative Contribution | -41.2% |
Market Drivers
9/30/2025 to 10/7/2026| Return | Correlation | |
|---|---|---|
| GNSS | -41.2% | |
| Market (SPY) | 17.6% | 28.2% |
| Sector (XLK) | 43.5% | 30.0% |
Fundamental Drivers
The -28.4% change in GNSS stock from 9/30/2023 to 10/7/2026 was primarily driven by a -19.5% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 10072026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.01 | 1.44 | -28.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 52 | 57 | 9.4% |
| P/S Multiple | 1.4 | 1.2 | -19.5% |
| Shares Outstanding (Mil) | 37 | 46 | -18.6% |
| Cumulative Contribution | -28.4% |
Market Drivers
9/30/2023 to 10/7/2026| Return | Correlation | |
|---|---|---|
| GNSS | -28.4% | |
| Market (SPY) | 88.1% | 24.5% |
| Sector (XLK) | 150.1% | 23.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GNSS Return | -39% | -7% | -45% | 28% | -18% | -33% | -78% |
| Peers Return | 27% | -12% | 16% | 34% | -15% | 38% | 104% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| GNSS Win Rate | 25% | 50% | 42% | 67% | 33% | 30% | |
| Peers Win Rate | 54% | 42% | 52% | 54% | 48% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GNSS Max Drawdown | -59% | -39% | -61% | -39% | -59% | -40% | |
| Peers Max Drawdown | -39% | -43% | -34% | -32% | -47% | -38% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSI, BB, AXON, SSTI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/7/2026 (YTD)
How Low Can It Go
| Event | GNSS | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -40.5% | -9.5% |
| % Gain to Breakeven | 68.1% | 10.5% |
| Time to Breakeven | 226 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -38.8% | -6.7% |
| % Gain to Breakeven | 63.4% | 7.1% |
| Time to Breakeven | 516 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -37.2% | -24.5% |
| % Gain to Breakeven | 59.2% | 32.4% |
| Time to Breakeven | 51 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.6% | -33.7% |
| % Gain to Breakeven | 55.2% | 50.9% |
| Time to Breakeven | 13 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.9% | -19.2% |
| % Gain to Breakeven | 33.2% | 23.8% |
| Time to Breakeven | 104 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -30.7% | -3.7% |
| % Gain to Breakeven | 44.3% | 3.9% |
| Time to Breakeven | 22 days | 6 days |
In The Past
Genasys's stock fell -1.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 1.2% gain to breakeven.
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| Event | GNSS | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -40.5% | -9.5% |
| % Gain to Breakeven | 68.1% | 10.5% |
| Time to Breakeven | 226 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -38.8% | -6.7% |
| % Gain to Breakeven | 63.4% | 7.1% |
| Time to Breakeven | 516 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -37.2% | -24.5% |
| % Gain to Breakeven | 59.2% | 32.4% |
| Time to Breakeven | 51 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.6% | -33.7% |
| % Gain to Breakeven | 55.2% | 50.9% |
| Time to Breakeven | 13 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.9% | -19.2% |
| % Gain to Breakeven | 33.2% | 23.8% |
| Time to Breakeven | 104 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -30.7% | -3.7% |
| % Gain to Breakeven | 44.3% | 3.9% |
| Time to Breakeven | 22 days | 6 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -57.1% | -6.8% |
| % Gain to Breakeven | 133.1% | 7.3% |
| Time to Breakeven | 1111 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -44.7% | -17.9% |
| % Gain to Breakeven | 80.7% | 21.8% |
| Time to Breakeven | 1069 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -39.8% | -15.4% |
| % Gain to Breakeven | 66.0% | 18.2% |
| Time to Breakeven | 66 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -84.5% | -53.4% |
| % Gain to Breakeven | 545.8% | 114.4% |
| Time to Breakeven | 121 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -32.6% | -8.6% |
| % Gain to Breakeven | 48.3% | 9.5% |
| Time to Breakeven | 4642 days | 47 days |
In The Past
Genasys's stock fell -1.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 1.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Genasys (GNSS)
Genasys Inc. (GNSS) is a global technology company specializing in critical communication solutions, operating across both hardware and software segments. The company's core mission is to enable effective communication during emergencies, public safety events, and other critical situations where clear, immediate, and wide-reaching messaging is paramount. It provides robust systems designed to alert, inform, and direct people in various environments worldwide.
Genasys offers a distinct portfolio of products. On the hardware side, it is known for its Long Range Acoustic Devices (LRADs), also called Acoustic Hailing Devices (AHDs), which are powerful speaker systems capable of projecting sirens and clear voice messages over long distances. Complementing its hardware, Genasys provides a comprehensive suite of software solutions, including Genasys Emergency Management (GEM) software for mass notifications across channels like email, text, voice, social media, and desktop alerts. It also develops National Emergency Warning Systems (NEWS) for mobile carriers to distribute public emergency communications, and Integrated Mass Notification Systems (IMNS) that combine GEM software with Genasys speaker hardware for a unified emergency response.
Genasys serves a diverse and critical customer base, primarily selling its advanced communication solutions directly to governments and militaries globally. Beyond these institutional clients, the company also caters to commercial companies and various end-users who require reliable systems for emergency preparedness, security, and operational communication. Its solutions are deployed in scenarios ranging from military operations and law enforcement to disaster response and corporate safety protocols.
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Analogy 1: A Motorola Solutions specialized in mass emergency alerts and long-range public address systems.
Analogy 2: An Everbridge, but also providing specialized long-range acoustic devices for emergency communication.
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- Acoustic Hailing Devices (AHDs): Hardware used to project sirens and audible voice messages.
- Genasys Emergency Management (GEM) Software: A software-based product line for comprehensive emergency response and mass notification.
- National Emergency Warning Systems (NEWS): A software application that collaborates with mobile carriers to disseminate emergency communications to the public.
- Integrated Mass Notification Systems (IMNS): An emergency response solution that unifies GEM Software with Genasys's speaker system hardware.
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Genasys Inc. primarily sells its critical communications hardware and software solutions to organizations, not individuals. Based on the provided background, its major customers fall into the following categories:
- Governments
- Militaries
- Commercial Companies
Specific names of customer companies are not disclosed in the provided background information.
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Mr. Danforth has over 40 years of defense and aerospace industry experience, including executive leadership positions with two of the world's largest defense contractors, Raytheon Company and DRS Technologies Inc. At DRS Technologies, his roles included Group President of DRS Integrated Defense Systems & Service, and CEO, President, and Board Member of DRS Defense Solutions. His tenure at Raytheon included various manufacturing, quality assurance, and program manager positions, and he was appointed Vice President of Operations for Raytheon Aircraft Company and Senior Vice President of Raytheon Aircraft Company's Commercial Aircraft Business division. In 2014, Mr. Danforth formed RsD Aero, Ltd., a strategic business consulting firm focused on M&A and Transatlantic trade. He also served as Chairman of the Board for Advanced Acoustic Concepts, a joint venture between DRS Technologies and the Thales Group, from 2007 to 2013.
Cassandra Hernandez-Monteon, Chief Financial OfficerMs. Hernandez-Monteon brings over 20 years of financial and operational leadership experience. She joined Genasys in August 2018 as Finance Manager and progressively held roles including Vice President of Finance and Interim CFO, before being appointed Chief Financial Officer effective July 1, 2025. Prior to her time at Genasys, she served for 13 years at Teledyne RD Instruments, a subsidiary of Teledyne Technologies Incorporated, where she held progressive leadership roles in finance and accounting.
Christopher Keane, Director of Business Development, North AmericaChristopher Keane serves as the Director of Business Development for North America.
David Schnell, Vice President of Global Business DevelopmentDavid Schnell holds the position of Vice President of Global Business Development.
Peter Ayre, Vice President of Business DevelopmentPeter Ayre is the Vice President of Business Development.
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Here are the key risks to the business of Genasys (symbol: GNSS):
- Lumpy Revenue and Reliance on Large Government Contracts: Genasys's hardware business, a foundational part of its operations, generates "lumpy, project-based revenue streams" that are highly dependent on large, infrequent government and enterprise contracts. This reliance leads to significant volatility in financial results, making consistent, predictable growth challenging for investors. The company's financial performance is notably influenced by specific large projects, such as the Puerto Rico Emergency Warning System contract.
- Inconsistent Profitability and Operating Losses: Genasys has struggled to achieve and maintain consistent profitability, frequently reporting operating losses. This is attributed to factors like the aforementioned government contract cycles, high selling, general, and administrative (SG&A) expenses, and fixed operating costs. Despite efforts to improve margins and implement cost reduction measures, the company has a history of net losses, with its ability to generate sustained profits remaining a significant challenge.
- Intense Competition in the Software Market: As Genasys strategically pivots towards a recurring revenue model centered on its software-as-a-service (SaaS) platform, Genasys Emergency Management (GEM), it faces direct and significant competition. The company competes with established and well-funded software giants like Everbridge and divisions of larger firms such as Motorola Solutions, Inc. This intense competitive landscape poses a challenge to scaling its software business and gaining market share against rivals with more mature, feature-rich platforms and larger customer bases.
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The increasing integration of emergency communication and mass notification capabilities directly into mobile operating systems by major technology companies (such as Apple and Google) and into network infrastructure by telecommunications carriers. As these entities control the primary channels for public communication and often collaborate with governments on emergency systems, they possess the potential to develop and offer comprehensive, integrated national emergency warning systems and mass notification platforms directly to governments and the public. This could significantly reduce the demand for specialized third-party software providers like Genasys for core critical communications and emergency management functions.
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Genasys Inc. (GNSS) operates in several addressable markets with substantial global valuations.
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Long Range Acoustic Devices (LRADs) / Acoustic Hailing Devices: The global acoustic hailing devices market is projected to be USD 870 million in 2024 and is expected to grow to USD 1.48 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 9.1% over the forecast period. North America is identified as the most mature market for these devices, with the U.S. alone accounting for over 35% of global sales in 2024.
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Mass Notification Systems: This market, which includes solutions like Genasys Emergency Management (GEM) software, National Emergency Warning Systems (NEWS), and Integrated Mass Notification Systems, was valued at USD 17.81 billion globally in 2024. It is anticipated to reach USD 73.8 billion by 2033, exhibiting a CAGR of 16.26% during the 2025-2033 period. North America held the largest market share, approximately 34%, in 2024 due to regulatory mandates, high technology adoption, and robust infrastructure.
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Public Warning Systems: The global public warning systems market size was USD 5.1 billion in 2024 and is projected to reach USD 10.2 billion by 2033, growing at a CAGR of 7.8% from 2025 to 2033. North America accounts for the largest share of this market, valued at approximately USD 1.8 billion in 2024.
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Emergency Management Software: The global incident and emergency management market, which includes software solutions like Genasys's GEM, was estimated at USD 131.92 billion in 2024. It is projected to grow to USD 218.04 billion by 2033, at a CAGR of 6.2% from 2025 to 2033. North America held a significant revenue share of 37.6% in this market in 2024.
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Critical Communication Market: As a global provider of critical communications, Genasys operates within a market valued at USD 18.87 billion globally in 2024. This market is poised to grow to USD 34.12 billion by 2033, with a CAGR of 6.81% during the forecast period of 2026-2033. North America leads this market, contributing 36% of the total global adoption.
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Genasys (NASDAQ: GNSS) is anticipated to drive future revenue growth over the next two to three years through several key initiatives and market opportunities:
- Puerto Rico Early Warning System (EWS) Project: This major contract is expected to be a significant contributor to revenue, with substantial recognition projected primarily in fiscal years 2025 and 2026. The project is anticipated to be completed in 2027.
- Expansion of the Software Segment: Genasys has demonstrated strong growth in its software segment, with a 93% year-over-year increase in software revenue for FY24 and a 21% increase in FY25. The company expects continued expansion, driven by increasing deal sizes in state, local, and education (SLED) markets, and growing adoption by governments and law enforcement agencies for crisis communication processes.
- CROWS Program Production Contract: The Common Remotely Operated Weapon Station (CROWS) program represents a new production contract for Acoustic Hailing Devices (AHDs). This initiative is expected to significantly expand multi-year revenue potential, with initial revenue contributions anticipated in the second half of fiscal year 2026.
- Continued Growth in LRAD Business and Hardware Sales: The core Long Range Acoustic Device (LRAD) business is expected to maintain consistent revenue generation through new and follow-on orders across various end markets. Hardware revenues have already shown significant growth, including a 91% increase in fiscal year 2025 and approximately 220% growth in Q1 2026, excluding the Puerto Rico project.
- International Expansion for Early Warning Systems: The success of the Puerto Rico EWS project is accelerating interest from international governments seeking similar solutions. These international Early Warning System projects are expected to become an important growth driver in fiscal years 2026 and 2027, with strong demand also noted from the Middle East and Asia.
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Share Repurchases
- Genasys has an authorized share repurchase program for up to $5 million of its outstanding common shares.
- As of September 30, 2024, approximately $3 million remained available under this share repurchase authorization.
Share Issuance
- Genasys issued approximately 3.1 million five-year warrants to an investor.
- The company raised $11.5 million through a public offering.
- The 2025 Equity Incentive Plan, approved in March 2025, authorized the issuance of an initial aggregate of 6 million shares of common stock for stock options, restricted stock, and other awards to employees, consultants, advisors, and directors.
Inbound Investments
- Genasys secured a $15 million two-year senior secured term loan, which is due for repayment in May 2026.
- The company received increased inbound interest from large government entities and agencies for solutions similar to the Puerto Rico emergency warning system project.
Capital Expenditures
- Research and development expenses decreased by 16.0% in fiscal year 2025 compared to the prior year, primarily due to reduced employee expenses.
- In the first quarter of fiscal year 2026, research and development expenses decreased 17.1% year-over-year to $1.9 million from $2.3 million in the fiscal first quarter 2025.
- Genasys maintains research and development offices in North America and Europe, equipped with state-of-the-art facilities and equipment to support innovation.
Peer Outperformance in Electronic Equipment & Instruments
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| GNSS | Genasys | 16.5% | -10.6x | -34.8% | -28.0% | -73.3% | — |
| ROP | Roper Technologies | 12.7% | 14.4x | -29.1% | -26.0% | -17.9% | +55pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 63.7% | 185.7% | 385.5% | TTMI 870% · FLEX 767% · SANM 455% |
| Semiconductor Materials & Equipment | 27 | 91.1% | 106.8% | 126.6% | AXTI 890% · KLAC 534% · LRCX 530% |
| Technology Distributors | 9 | 48.0% | 87.7% | 97.7% | CLMB 420% · AVT 215% · SNX 175% |
| Electronic Components | 26 | 34.0% | 79.6% | 75.6% | CLS 3883% · BELFA 1307% · COHR 485% |
| Communications Equipment | 36 | 4.9% | 95.6% | 67.2% | AAOI 1705% · LITE 1220% · FEIM 882% |
| Semiconductors | 55 | 27.4% | 55.5% | 35.5% | POET 1721% · MU 1489% · NVDA 1045% |
| Technology Hardware, Storage & Peripherals | 20 | 23.6% | 112.9% | 33.9% | SMCI 1119% · DELL 1104% · STX 1064% |
| Internet Services & Infrastructure | 6 | -9.0% | 37.6% | 20.6% | DOCN 52% · VRSN 45% · GDDY 39% |
| Electronic Equipment & Instruments ← | 26 | -18.6% | 29.6% | -7.0% | PI 263% · KEYS 136% · VPG 114% |
| IT Consulting & Other Services | 28 | -23.3% | -10.5% | -21.5% | CHRN 520163% · TSSI 840% · APLD 826% |
| Application Software | 125 | -25.2% | -15.5% | -44.0% | VIDA 1459900% · INLX 4997% · PLTR 726% |
| Systems Software | 71 | -17.4% | 26.7% | -52.1% | QNC 581% · PAYS 471% · SANG 402% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Genasys Earnings Notes | 12/16/2025 | |
| With Genasys Stock Down 15% In A Month, How Confident Are You? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 8.71 |
| Mkt Cap | 5.1 |
| Rev LTM | 580 |
| Op Inc LTM | 24 |
| FCF LTM | 61 |
| FCF 3Y Avg | 6 |
| CFO LTM | 73 |
| CFO 3Y Avg | 11 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.3% |
| Rev Chg 3Y Avg | 8.2% |
| Rev Chg Q | 13.3% |
| QoQ Delta Rev Chg LTM | 3.1% |
| Op Inc Chg LTM | 92.9% |
| Op Inc Chg 3Y Avg | -33.4% |
| Op Mgn LTM | 0.7% |
| Op Mgn 3Y Avg | 2.9% |
| QoQ Delta Op Mgn LTM | 1.5% |
| CFO/Rev LTM | 8.3% |
| CFO/Rev 3Y Avg | 11.0% |
| FCF/Rev LTM | 4.1% |
| FCF/Rev 3Y Avg | 6.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Hardware | 32 | 17 | 43 | 51 | 44 |
| Software | 9 | 7 | 4 | 3 | 3 |
| Total | 41 | 24 | 47 | 54 | 47 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Hardware | -5 | -12 | 3 | 9 | 8 |
| Software | -12 | -15 | -14 | -25 | -7 |
| Total | -17 | -27 | -11 | -16 | 1 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Hardware | -6 | -17 |
| Software | -12 | -14 |
| Total | -18 | -32 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Hardware | 41 | 30 | 29 | 47 | 50 |
| Software | 23 | 24 | 21 | 25 | 40 |
| Total | 64 | 54 | 50 | 72 | 90 |
Price Behavior
| Market Price | $1.44 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 05/09/1997 | |
| Distance from 52W High | -40.2% | |
| 50 Days | 200 Days | |
| DMA Price | $1.58 | $1.84 |
| DMA Trend | down | down |
| Distance from DMA | -8.8% | -21.6% |
| 3M | 1YR | |
| Volatility | 48.0% | 49.1% |
| Downside Capture | 148.24 | 138.13 |
| Upside Capture | -18.86 | 63.72 |
| Correlation (SPY) | 16.2% | 28.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.77 | 0.86 | 0.78 | 0.76 | 1.09 | 0.95 |
| Up Beta | 0.01 | 2.65 | 2.06 | 1.31 | 0.93 | 0.66 |
| Down Beta | 4.73 | 2.64 | 2.01 | 1.24 | 1.48 | 1.50 |
| Up Capture | 48% | -31% | -20% | 9% | 56% | 39% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 11 | 22 | 30 | 62 | 112 | 340 |
| Down Capture | 43% | 103% | 74% | 93% | 124% | 101% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 9 | 18 | 32 | 57 | 116 | 360 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GNSS | |
|---|---|---|---|---|
| GNSS | -38.0% | 49.2% | -0.81 | - |
| Sector ETF (XLK) | 40.8% | 26.5% | 1.26 | 31.0% |
| Equity (SPY) | 16.8% | 13.0% | 0.92 | 28.8% |
| Gold (GLD) | 3.2% | 29.5% | 0.11 | 15.0% |
| Commodities (DBC) | 44.6% | 20.9% | 1.66 | -6.5% |
| Real Estate (VNQ) | 1.6% | 13.7% | -0.13 | 9.3% |
| Bitcoin (BTCUSD) | -31.7% | 44.2% | -0.73 | 21.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GNSS | |
|---|---|---|---|---|
| GNSS | -22.6% | 60.1% | -0.19 | - |
| Sector ETF (XLK) | 22.7% | 25.9% | 0.77 | 20.9% |
| Equity (SPY) | 13.8% | 17.1% | 0.62 | 20.7% |
| Gold (GLD) | 18.4% | 18.9% | 0.79 | 5.4% |
| Commodities (DBC) | 10.3% | 19.6% | 0.40 | 0.5% |
| Real Estate (VNQ) | 0.8% | 18.8% | -0.07 | 14.3% |
| Bitcoin (BTCUSD) | 15.5% | 52.2% | 0.46 | 8.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GNSS | |
|---|---|---|---|---|
| GNSS | -2.9% | 54.9% | 0.17 | - |
| Sector ETF (XLK) | 25.0% | 25.0% | 0.90 | 21.6% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 21.7% |
| Gold (GLD) | 11.5% | 16.4% | 0.57 | 5.4% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | 4.9% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | 15.2% |
| Bitcoin (BTCUSD) | 64.0% | 66.2% | 1.04 | 10.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/16/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/13/2026 | 1.2% | -0.6% | -11.4% |
| 5/14/2026 | 2.3% | 9.1% | 7.4% |
| 2/10/2026 | -2.9% | -2.4% | -10.7% |
| 12/9/2025 | -10.3% | -9.2% | -11.3% |
| 8/14/2025 | 12.8% | 14.0% | 36.6% |
| 5/13/2025 | -8.8% | 0.8% | -11.0% |
| 2/11/2025 | 21.3% | 19.2% | -24.7% |
| 12/9/2024 | -20.0% | -33.3% | -31.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 10 | 8 |
| # Negative | 17 | 14 | 16 |
| Median Positive | 2.9% | 8.8% | 11.6% |
| Median Negative | -7.7% | -10.7% | -10.9% |
| Max Positive | 21.3% | 19.2% | 36.6% |
| Max Negative | -20.0% | -33.3% | -31.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/13/2026 | 1.2% | -0.6% | -11.4% |
| 5/14/2026 | 2.3% | 9.1% | 7.4% |
| 2/10/2026 | -2.9% | -2.4% | -10.7% |
| 12/9/2025 | -10.3% | -9.2% | -11.3% |
| 8/14/2025 | 12.8% | 14.0% | 36.6% |
| 5/13/2025 | -8.8% | 0.8% | -11.0% |
| 2/11/2025 | 21.3% | 19.2% | -24.7% |
| 12/9/2024 | -20.0% | -33.3% | -31.6% |
| 8/6/2024 | 2.9% | 7.1% | 21.0% |
| 5/14/2024 | -0.5% | -14.0% | -8.0% |
| 2/13/2024 | -9.3% | 8.8% | -5.0% |
| 12/7/2023 | -4.1% | 4.1% | 2.3% |
| 8/10/2023 | 2.7% | 10.1% | 14.1% |
| 5/8/2023 | -16.2% | -10.7% | -5.8% |
| 2/9/2023 | -2.6% | 2.2% | -4.7% |
| 11/30/2022 | -6.0% | -7.0% | 22.9% |
| 8/11/2022 | -8.5% | -8.8% | -12.4% |
| 5/9/2022 | -18.3% | -19.4% | 9.0% |
| 2/7/2022 | -4.5% | -12.9% | -23.1% |
| 11/22/2021 | -14.6% | -16.2% | -27.7% |
| 7/28/2021 | -4.3% | -11.5% | -4.0% |
| 5/13/2021 | 9.1% | 8.9% | 7.3% |
| 2/9/2021 | -7.7% | -10.7% | -4.3% |
| 12/9/2020 | -7.4% | -4.9% | -4.6% |
| SUMMARY STATS | |||
| # Positive | 7 | 10 | 8 |
| # Negative | 17 | 14 | 16 |
| Median Positive | 2.9% | 8.8% | 11.6% |
| Median Negative | -7.7% | -10.7% | -10.9% |
| Max Positive | 21.3% | 19.2% | 36.6% |
| Max Negative | -20.0% | -33.3% | -31.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-Q |
| 09/30/2025 | 12/15/2025 | 10-K |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 02/11/2025 | 10-Q |
| 09/30/2024 | 12/13/2024 | 10-K |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-Q |
| 09/30/2023 | 12/07/2023 | 10-K |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 12/16/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-Q |
| 09/30/2025 | 12/15/2025 | 10-K |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 02/11/2025 | 10-Q |
| 09/30/2024 | 12/13/2024 | 10-K |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-Q |
| 09/30/2023 | 12/07/2023 | 10-K |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 12/16/2022 | 10-K |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 02/07/2022 | 10-Q |
| 09/30/2021 | 11/23/2021 | 10-K |
| 06/30/2021 | 07/28/2021 | 10-Q |
| 03/31/2021 | 05/13/2021 | 10-Q |
| 12/31/2020 | 02/10/2021 | 10-Q |
| 09/30/2020 | 12/10/2020 | 10-K |
| 06/30/2020 | 08/11/2020 | 10-Q |
| 03/31/2020 | 05/12/2020 | 10-Q |
| 12/31/2019 | 02/11/2020 | 10-Q |
| 09/30/2019 | 12/10/2019 | 10-K |
Genasys — Investor Video Playlist
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Electronic Equipment & Instruments Resources |
| EDN |
| Electronic Design |
| EE Journal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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