Genasys FY26 Q3 GAAP net loss narrows to $4.7 million; revenue falls to $7.3 million - GNSS News | Rallies
Genasys FY26 Q3 GAAP net loss narrows to $4.7 million; revenue falls to $7.3 million G GNSS • 2026-08-13 Orders, backlog and outlook
Genasys booked follow-on orders of $3 million from the U.S. Army and $4.4 million from a large utility for LRAD 950NXT systems.
Backlog topped $69 million entering fiscal Q4.
The company expects a strong quarter, reiterating expectations for record revenue and profitability.
Fiscal Q3 results and margin improvement
Genasys posted fiscal Q3 2026 revenue of $7.3 million , down 26.06% from a year earlier.
GAAP net loss narrowed to $4.7 million , or $0.10 per share .
Gross margin rose to 57.1% , up 30.8 percentage points , driven by a higher mix of software revenue.
Non-GAAP adjusted EBITDA improved to a loss of $3.1 million .
Debt maturity extension and operating update
The company extended the $15.2 million term-loan maturity to July 13, 2027 ; monthly amortization of $1 million starts Oct. 1, 2026 .
CEO Richard Danforth cited delayed CROWS II deliveries and paced Puerto Rico project work, and said those constraints have been resolved, with payments now arriving. •
2026-08-13
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