NEW YORK — Genasys Inc. (NASDAQ: GNSS) projects fiscal third-quarter 2026 revenue between $7.0 million and $7.5 million, with a record year for revenue and profitability expected, led by what management says will be its strongest fiscal fourth quarter ever.
Revenue for the quarter ended June 30, 2026, was held back by two factors. Supply chain constraints delayed the Common Remotely Operated Weapon Station (CROWS) II Technical Refresh program. That constraint is now resolved, and Genasys expects to complete the CROWS II order in the fiscal fourth quarter, shifting associated revenue recognition into that period.
Work on the Puerto Rico Dams Early Warning System project also paused pending receipt of customer payments. After the quarter ended, Genasys began receiving those payments, remobilized its teams and equipment on the island, and expects to complete the work planned for this fiscal year if payments continue arriving on schedule.
For the fiscal third quarter, Genasys anticipates gross margins between 55 percent and 58 percent. The adjusted EBITDA loss for the period is expected to range from $3.0 million to $3.3 million.
Backlog stood at approximately $69 million at the close of the fiscal third quarter.
Richard Danforth, Genasys chief executive officer, said the company dealt with headwinds from factors largely outside its control and that underlying business fundamentals remain strong.
Genasys also recently completed a financing that provides additional liquidity, supporting its ability to execute against its backlog and pursue new growth opportunities.
Complete financial results for the fiscal third quarter will be released after the market closes Thursday, Aug. 13, 2026. A conference call will follow at 4:30 p.m. Eastern time.
