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Genasys Inc. Reports Record Fiscal Year 2020 Financial Results

Genasys Inc.
Wed, December 9, 2020, 10:05 PM GMT+1·9 min read
SAN DIEGO, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions, today announced record fiscal fourth quarter and fiscal year revenues and net income in its financial results for the Company's fiscal year ended September 30, 2020.

“Strong LRAD® revenues fueled record fiscal fourth quarter and fiscal year revenues,” said Richard S. Danforth, Chief Executive Officer of Genasys Inc. “Fiscal fourth quarter revenues were $14.0 million and fiscal year revenues totaled $43.0 million, the best in the Company's history.”

Fiscal Fourth Quarter 2020 Financial Summary

Fiscal 2020 fourth quarter revenues were $14.0 million, an increase of 80% from $7.7 million in the same period last year. Higher backlog entering the fourth quarter of fiscal 2020, compared to the prior year period, contributed to the record revenues.

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