Genasys Inc. (GNSS) Financial Statements (2023 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)
| 6/30/2023 MRQ | 12/31/2022 MRQ | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 14,114 | 19,133 | 18,853 | 27,584 | 22,514 | 14,655 | |||
| Cash and cash equivalents | 7,563 | 12,736 | 13,167 | 23,319 | 18,819 | 11,063 | |||
| Short-term investments | 6,551 | 6,397 | 5,686 | 4,265 | 3,695 | 3,592 | |||
| Restricted cash and investments | 738 | 100 | 279 | 282 | 263 | 403 | |||
| Receivables | 5,004 | 8,375 | 7,682 | 5,442 | 3,644 | 2,786 | |||
| Inventory, net of allowances, customer advances and progress billings | 8,003 | 6,008 | 6,416 | 5,949 | 5,835 | 6,734 | |||
| Inventory | 8,003 | 6,008 | 6,416 | 5,949 | 5,835 | 6,734 | |||
| Prepaid expense | 255 | 360 | 395 | 264 | 282 | 94 | |||
| Capitalized contract cost | 265 | 228 | 82 | ||||||
| Other current assets | 184 | 244 | 315 | 288 | 347 | 245 | |||
| Other undisclosed current assets | 525 | 1,114 | 1,463 | 5,513 | 1,153 | 2,753 | |||
| Total current assets: | 29,088 | 35,562 | 35,485 | 45,322 | 34,039 | 27,670 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,384 | 4,541 | 4,862 | 5,285 | ✕ | ||||
| Property, plant and equipment | 1,755 | 1,757 | 1,755 | 1,930 | 2,270 | 2,449 | |||
| Long-term investments and receivables | 1,034 | 781 | 1,875 | 3,805 | 1,385 | 1,201 | |||
| Long-term investments | 1,034 | 781 | 1,875 | 3,805 | 1,385 | 1,201 | |||
| Intangible assets, net (including goodwill) | 20,312 | 20,623 | 36,638 | 3,415 | 3,481 | 4,003 | |||
| Goodwill | 10,308 | 10,118 | 23,834 | 2,472 | 2,306 | 2,446 | |||
| Intangible assets, net (excluding goodwill) | 10,004 | 10,505 | 12,804 | 943 | 1,176 | 1,557 | |||
| Restricted cash and investments | 96 | 823 | 1,082 | 395 | 435 | 340 | |||
| Deferred income tax assets | 7,373 | 7,373 | 8,039 | 11,095 | ✕ | ||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,957 | ||
| Other undisclosed noncurrent assets | 422 | 394 | 392 | 125 | 5,511 | 241 | |||
| Total noncurrent assets: | 35,376 | 36,292 | 54,643 | 26,050 | 13,081 | 14,191 | |||
| TOTAL ASSETS: | 64,464 | 71,854 | 90,128 | 71,372 | 47,120 | 41,861 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 10,684 | 18,976 | 16,271 | 14,455 | 8,994 | 6,283 | |||
| Taxes payable | ✕ | ✕ | 1,556 | ||||||
| Employee-related liabilities | ✕ | ✕ | 3,003 | ||||||
| Accounts payable | 2,609 | 2,334 | 2,160 | 1,370 | 860 | 3,083 | |||
| Accrued liabilities | 8,075 | 12,083 | 14,111 | 13,085 | 8,134 | 3,200 | |||
| Debt | 296 | 297 | |||||||
| Other undisclosed current liabilities | 954 | (3,611) | 899 | 1,071 | 280 | ||||
| Total current liabilities: | 11,638 | 15,365 | 17,466 | 15,526 | 9,273 | 6,580 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 5,189 | 5,709 | 6,395 | ||||||
| Liabilities, other than long-term debt | 5,222 | 907 | 995 | 293 | 2,432 | 1,739 | |||
| Other liabilities | 243 | 907 | 995 | 293 | 2,432 | 1,739 | |||
| Operating lease, liability | 4,979 | 5,189 | 5,709 | 6,395 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 18 | 33 | 52 | ||||||
| Total noncurrent liabilities: | 5,222 | 6,096 | 6,704 | 6,706 | 2,465 | 1,792 | |||
| Total liabilities: | 16,860 | 21,461 | 24,170 | 22,232 | 11,739 | 8,372 | |||
| Equity | |||||||||
| Equity, attributable to parent | 47,604 | 50,393 | 65,958 | 49,140 | 35,381 | 33,489 | |||
| Common stock | 0 | 0 | |||||||
| Additional paid in capital | 109,003 | 108,551 | 107,110 | 91,248 | 89,572 | 90,251 | |||
| Accumulated other comprehensive income (loss) | (526) | (792) | 2 | (250) | (459) | (245) | |||
| Accumulated deficit | (60,873) | (57,366) | (41,154) | (41,858) | (53,732) | (56,517) | |||
| Total equity: | 47,604 | 50,393 | 65,958 | 49,140 | 35,381 | 33,489 | |||
| TOTAL LIABILITIES AND EQUITY: | 64,464 | 71,854 | 90,128 | 71,372 | 47,120 | 41,861 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 53,845 | 54,035 | 47,003 | 43,010 | 36,979 | 26,307 | ||
| Cost of revenue | (28,102) | (27,693) | (23,577) | (20,371) | (18,523) | (13,567) | ||
| Gross profit: | 25,743 | 26,342 | 23,426 | 22,639 | 18,457 | 12,740 | ||
| Operating expenses | (43,152) | (41,873) | (22,342) | (16,598) | (15,320) | (14,216) | ||
| Operating income (loss): | (17,409) | (15,531) | 1,084 | 6,041 | 3,136 | (1,476) | ||
| Nonoperating income (Other Nonoperating income) | 27 | 60 | 54 | 127 | 221 | 107 | ||
| Interest and debt expense | (21) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (17,382) | (15,471) | 1,138 | 6,168 | 3,357 | (1,390) | ||
| Other undisclosed income from continuing operations before income taxes | 21 | |||||||
| Income (loss) from continuing operations before income taxes: | (17,382) | (15,471) | 1,138 | 6,168 | 3,357 | (1,369) | ||
| Income tax expense (benefit) | (1,032) | (741) | (434) | 5,706 | (572) | (2,376) | ||
| Income (loss) from continuing operations: | (18,414) | (16,212) | 704 | 11,874 | 2,785 | (3,745) | ||
| Income (loss) before gain (loss) on sale of properties: | (14,907) | (16,212) | 704 | 11,874 | 2,785 | (3,745) | ||
| Net income (loss) available to common stockholders, diluted: | (18,414) | (16,212) | 704 | 11,874 | 2,785 | (3,745) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (18,414) | (16,212) | 704 | 11,874 | 2,785 | (3,745) | ||
| Other comprehensive income (loss) | (794) | 252 | 209 | (213) | (244) | |||
| Other undisclosed comprehensive loss | (794) | |||||||
| Comprehensive income (loss): | (19,208) | (17,006) | 956 | 12,083 | 2,572 | (3,989) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 351 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (18,857) | (17,006) | 956 | 12,083 | 2,572 | (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.