Genasys Inc. (GNSS) Financial Statements (2024 and earlier)

Company Profile

Business Address 16262 WEST BERNARDO DRIVE
SAN DIEGO, CA 92127
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
MRQ
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,14619,13318,85327,58422,51414,655
Cash and cash equivalents8,66512,73613,16723,31918,81911,063
Short-term investments1,4816,3975,6864,2653,6953,592
Restricted cash and investments 758100279282263403
Receivables6,0758,3757,6825,4423,6442,786
Inventory, net of allowances, customer advances and progress billings6,5016,0086,4165,9495,8356,734
Inventory6,5016,0086,4165,9495,8356,734
Prepaid expense26436039526428294
Capitalized contract cost41722882   
Other current assets199244315288347245
Other undisclosed current assets8481,1141,4635,5131,1532,753
Total current assets:25,20835,56235,48545,32234,03927,670
Noncurrent Assets
Operating lease, right-of-use asset3,8864,5414,8625,285 
Property, plant and equipment1,5511,7571,7551,9302,2702,449
Long-term investments and receivables  7811,8753,8051,3851,201
Long-term investments  7811,8753,8051,3851,201
Intangible assets, net (including goodwill)18,70920,62336,6383,4153,4814,003
Goodwill10,28210,11823,8342,4722,3062,446
Intangible assets, net (excluding goodwill)8,42710,50512,8049431,1761,557
Restricted cash and investments968231,082395435340
Deferred income tax assets  7,3738,03911,095 
Deferred tax assets, net5,957
Other undisclosed noncurrent assets4553943921255,511241
Total noncurrent assets:24,69736,29254,64326,05013,08114,191
TOTAL ASSETS:49,90571,85490,12871,37247,12041,861
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,25118,97616,27114,4558,9946,283
Taxes payable1,556    
Employee-related liabilities3,003    
Accounts payable2,7852,3342,1601,3708603,083
Accrued liabilities7,46612,08314,11113,0858,1343,200
Debt   296  297
Other undisclosed current liabilities1,008(3,611)8991,071280 
Total current liabilities:11,25915,36517,46615,5269,2736,580
Noncurrent Liabilities
Long-term debt and lease obligation:  5,1895,7096,395  
Liabilities, other than long-term debt4,8349079952932,4321,739
Other liabilities5519079952932,4321,739
Operating lease, liability4,2835,1895,7096,395 
Other undisclosed noncurrent liabilities    183352
Total noncurrent liabilities:4,8346,0966,7046,7062,4651,792
Total liabilities:16,09321,46124,17022,23211,7398,372
Equity
Equity, attributable to parent33,81250,39365,95849,14035,38133,489
Common stock     00
Additional paid in capital110,379108,551107,11091,24889,57290,251
Accumulated other comprehensive income (loss)(505)(792)2(250)(459)(245)
Accumulated deficit(76,062)(57,366)(41,154)(41,858)(53,732)(56,517)
Total equity:33,81250,39365,95849,14035,38133,489
TOTAL LIABILITIES AND EQUITY:49,90571,85490,12871,37247,12041,861

Income Statement (P&L) ($ in thousands)

12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues46,66354,03547,00343,01036,97926,307
Cost of revenue(24,901)(27,693)(23,577)(20,371)(18,523)(13,567)
Gross profit:21,76226,34223,42622,63918,45712,740
Operating expenses(32,748)(41,873)(22,342)(16,598)(15,320)(14,216)
Operating income (loss):(10,986)(15,531)1,0846,0413,136(1,476)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(10)6054127221107
Interest and debt expense      (21)
Income (loss) from continuing operations before equity method investments, income taxes:(10,996)(15,471)1,1386,1683,357(1,390)
Other undisclosed income from continuing operations before income taxes      21
Income (loss) from continuing operations before income taxes:(10,996)(15,471)1,1386,1683,357(1,369)
Income tax expense (benefit)(7,400)(741)(434)5,706(572)(2,376)
Income (loss) from continuing operations:(18,396)(16,212)70411,8742,785(3,745)
Income (loss) before gain (loss) on sale of properties:(16,212)70411,8742,785(3,745)
Net income (loss) available to common stockholders, diluted:(18,396)(16,212)70411,8742,785(3,745)

Comprehensive Income ($ in thousands)

12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):(18,396)(16,212)70411,8742,785(3,745)
Other comprehensive income (loss)287(794)252209(213)(244)
Other undisclosed comprehensive income      
Comprehensive income (loss):(18,109)(17,006)95612,0832,572(3,989)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(18,109)(17,006)95612,0832,572(3,989)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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