Saturday 7 November 2026
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Genasys Inc.
GNSS Technology Scientific & Technical Instruments
Genasys Inc.’s revenue for fiscal 2025 (year ended September 2025) was $40.8 million, up 69.8% from fiscal 2024.
- Revenue
- −26.0%
- EPS
- +28.6%
- Free cash flow
- +50.1%
Quarter to June 2026, against a year earlier
1.40
0.09
+6.87%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 16 | 20 | 26 | 37 | 43 | 47 | 54 | 47 | 24 | 41 | 57 | +10.7% | 60 | 64 | — | +25.7% | |
| Gross margin, % | 46.89 | 50.60 | 48.43 | 49.91 | 52.64 | 49.84 | 50.48 | 46.64 | 42.44 | 41.60 | 54.03 | (5.3) pt | ||||||
| EBT | (1) | (1) | (1) | 3 | 6 | 1 | (15) | (11) | (32) | (18) | (6) | +32.1% | ||||||
| EBT margin, % | (8.97) | (3.34) | (5.21) | 9.08 | 14.34 | 2.42 | (28.63) | (23.56) | (133.85) | (44.15) | (10.21) | (35.2) pt | ||||||
| Net income | (1) | (1) | (4) | 3 | 12 | 1 | (16) | (18) | (32) | (18) | (6) | +34.2% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 0.51 | 0.64 | 0.81 | 1.13 | 1.29 | 1.37 | 1.48 | 1.26 | 0.54 | 0.90 | 1.25 | +6.5% | |||||
| Earnings | (0.04) | (0.03) | (0.12) | 0.09 | 0.36 | 0.02 | (0.44) | (0.50) | (0.72) | (0.40) | (0.13) | +29.2% | ||||||
| Cash flow | (0.04) | (0.02) | 0.04 | 0.30 | 0.21 | 0.18 | 0.01 | (0.26) | (0.44) | (0.19) | (0.06) | +20.7% | ||||||
| Capex | (0.01) | (0.01) | (0.02) | (0.01) | 0.00 | (0.01) | (0.01) | (0.01) | 0.00 | (0.01) | 0.00 | +0.6% | ||||||
| Free cash flow | (0.04) | (0.03) | 0.02 | 0.29 | 0.20 | 0.17 | 0.00 | (0.27) | (0.44) | (0.20) | (0.06) | +19.1% | ||||||
| Book value | 1.08 | 1.10 | 1.03 | 1.08 | 1.48 | 1.92 | 1.38 | 0.92 | 0.40 | 0.05 | (0.03) | (29.2%) | ||||||
| Shares, m | 32 | 32 | 32 | 33 | 33 | 34 | 36 | 37 | 44 | 45 | 45 | +3.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 38.24 | 17.08 | 291.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 34.6 | |||||
| P/S | 3.65 | 3.23 | 3.66 | 2.96 | 4.75 | 3.79 | 1.87 | 1.59 | 6.57 | 2.71 | 1.11 | 3.5 | ||||||
| P/B | 1.73 | 1.87 | 2.87 | 3.10 | 4.16 | 2.70 | 2.01 | 2.20 | 8.98 | 50.94 | 0.00 | 8.1 | ||||||
| EV/Sales | 2.65 | 2.39 | 3.09 | 2.35 | 4.10 | 3.51 | 1.61 | 1.45 | 6.53 | 2.83 | 1.19 | 3.0 | ||||||
| EV/FCF | (32.80) | (56.26) | 132.40 | 9.13 | 26.08 | 27.80 | 1,174.73 | (6.87) | (7.98) | (12.75) | (25.85) | 125.3 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (1) | (1) | 1 | 10 | 7 | 6 | 0 | (10) | (19) | (9) | (3) | +25.3% | |||||
| Capex | 0 | 0 | (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +4.4% | ||||||
| Free cash flow | (1) | (1) | 1 | 10 | 7 | 6 | 0 | (10) | (20) | (9) | (3) | +23.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 23 | 25 | 21 | 25 | 30 | 18 | 20 | 14 | 12 | (15) | (11) | n/m | |||||
| Net debt | (16) | (17) | (15) | (23) | (28) | (13) | (14) | (7) | (1) | (8) | 5 | (7.6%) | ||||||
| Shareholders’ equity | 35 | 35 | 33 | 35 | 49 | 66 | 50 | 34 | 18 | 2 | (1) | (26.5%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (3.35) | (2.32) | (9.28) | 6.26 | 20.96 | 0.90 | (20.02) | (30.22) | (61.11) | (30.75) | (10.69) | (27.4) pt | |||||
| ROIC | (5.48) | (2.80) | (4.99) | 15.51 | 17.73 | 1.29 | (26.70) | (25.25) | (100.66) | 0.00 | (35.04) | +5.5 pt | ||||||
| ROE | (3.53) | (2.51) | (10.91) | 8.09 | 28.10 | 1.22 | (27.87) | (43.69) | (123.52) | (183.60) | (672.00) | (180.1) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 46 | 50 | 75 | 83 | 105 | 148 | 172 | 187 | 202 | 187 | — | +16.9% | |||||
| Revenue/emp, $m | 0.36 | 0.41 | 0.35 | 0.45 | 0.41 | 0.32 | 0.31 | 0.25 | 0.12 | 0.22 | — | (5.3%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Sep 2025 · latest quarter Jun 2026
Genasys Inc. vs peers in Scientific & Technical Instruments (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LGL LGL Group, Inc. (The) | $82.6M | — (loss-making) | — (loss-making) | +24.78% (above 0%: growing) | n/m | −106.84% (below 0%: shrinking) | 66.96% | (38.77%) | Compare |
| SOTK Sono-Tek Corporation | $68.4M | 36.4× | 47.8× | +1.35% (above 0%: growing) | −33.33% (below 0%: shrinking) | +580.50% (above 0%: growing) | 52.88% | 7.29% | Compare |
| WRAP Wrap Technologies, Inc. | $63.2M | — (loss-making) | — (loss-making) | +102.77% (above 0%: growing) | n/m | −21.30% (below 0%: shrinking) | 75.29% | (109.70%) | Compare |
| GNSS Genasys Inc. | $59.7M | — (loss-making) | — (loss-making) | −25.99% (below 0%: shrinking) | n/m | +50.14% (above 0%: growing) | 57.09% | (55.33%) | |
| ARBE Arbe Robotics Ltd. | $52.6M | — (loss-making) | — (loss-making) | +156.57% (above 0%: growing) | n/m | −1.18% (below 0%: shrinking) | (0.85%) | (1,398.86%) | Compare |
| MVIS Microvision, Inc. | $38.8M | — (loss-making) | — (loss-making) | +895.85% (above 0%: growing) | n/m | +9.71% (above 0%: growing) | 49.96% | (889.29%) | Compare |
| ACFN Acorn Energy Inc. | $36.5M | 16.5× | — | +4.56% (above 0%: growing) | +270.00% (above 0%: growing) | +11.51% (above 0%: growing) | 80.55% | 7.33% | Compare |
| ODYS Odysight.ai Inc. | $35.2M | — (loss-making) | — (loss-making) | +16.02% (above 0%: growing) | n/m | −7.02% (below 0%: shrinking) | 37.86% | (1,078.81%) | Compare |
| MIND MIND Technology, Inc. | $29.7M | — (loss-making) | — (loss-making) | −58.54% (below 0%: shrinking) | n/m | −41.54% (below 0%: shrinking) | 37.18% | (31.95%) | Compare |
| Median of peers | $45.7M | — | — | +20.40% | — | −4.10% | 51.42% | (74.23%) |
Pay and ownership Proxy statement filed 28 January 2026
Ownership
Directors and executive officers, together
8.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement