Genasys Q3 revenue, adjusted EBITDA miss estimates on delivery delays

Genasys

13/08/2026 21:24

Overview
US protective communications firm's fiscal Q3 revenue fell yr/yr, missing analyst expectations
Adjusted EBITDA for fiscal Q3 missed analyst expectations
Company says revenue decline due to supply chain constraints and delayed customer payments

Outlook
Company expects to deliver a strong fiscal fourth quarter as supply chain issues ease
Genasys remains on track to complete planned scope for the fiscal year
Company continues to expect a record year of revenue and profitability

Result Drivers
SUPPLY CHAIN CONSTRAINTS - Co said delays in CROWS II Technical Refresh program deliveries hurt Q3 revenue
DELAYED CUSTOMER PAYMENTS - Work on Puerto Rico Dams Early Warning System project was slowed pending receipt of customer payments, per CEO
SOFTWARE MIX - Higher gross margin in Q3 driven by increased mix of software revenue

Company press release: ID:nBwbyvHmLa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$7.30 mln
$19.57 mln (3 Analysts)
Q3 Net Loss
 
$4.68 mln
 
Q3 Adjusted EBITDA
Miss
-$3.10 mln
$2.37 mln (3 Analysts)
Q3 Gross Profit
 
$4.17 mln
 
Q3 Operating Loss
 
$4.04 mln
 
Q3 Pretax Loss
 
$4.62 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Genasys Inc is $4.50, about 164.7% above its August 12 closing price of $1.70
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 33 three months ago

Reuters Recommended Reads
Aug 11 - Cybersecurity firm Intrusion's Q2 revenue falls 22% yr/yr on government contract delays
Aug 10 - Canada's Electrovaya Q3 revenue misses estimates on program delivery delays
Aug 11 - US officials work to close supply chain gaps as foreign investment grows

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)