Genasys (NASDAQ:GNSS) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Genasys (NASDAQ:GNSS) released its quarterly earnings results on Tuesday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01), FiscalAI reports. Genasys had a negative net margin of 44.44% and a negative return on equity of 267.81%. The company had revenue of $17.07 million during the quarter, compared to analyst estimates of $16.50 million.

Genasys Price Performance

Shares of GNSS stock remained flat at $2.05 during trading hours on Tuesday. The company’s stock had a trading volume of 207,104 shares, compared to its average volume of 185,134. Genasys has a 52-week low of $1.46 and a 52-week high of $3.73. The company’s fifty day moving average is $2.15 and its 200 day moving average is $2.13. The firm has a market capitalization of $92.68 million, a P/E ratio of -5.12 and a beta of 0.65.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GNSS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Genasys in a research note on Monday, December 29th. Ascendiant Capital Markets lowered their target price on Genasys from $5.75 to $5.25 and set a “buy” rating on the stock in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Genasys presently has an average rating of “Hold” and an average target price of $5.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP grew its holdings in shares of Genasys by 76.6% during the 3rd quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock valued at $449,000 after purchasing an additional 79,493 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Genasys by 126.2% in the 1st quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock valued at $222,000 after acquiring an additional 54,461 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Genasys by 114.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock valued at $198,000 after acquiring an additional 46,452 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Genasys by 170.6% during the 2nd quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock valued at $89,000 after acquiring an additional 32,481 shares in the last quarter. Institutional investors and hedge funds own 40.04% of the company’s stock.

About Genasys

Genasys, Inc (NASDAQ: GNSS) specializes in mission-critical communications and emergency mass notification solutions designed to keep organizations and communities connected during high-stress events. The company’s core offerings include a multi-channel alerting platform that integrates SMS, email, voice, sirens, public address systems and social media outlets. By combining hardware and cloud-based software, Genasys delivers robust, scalable systems that can push targeted warnings and status updates to millions of recipients in seconds.

In addition to its flagship Smart Mass Notification System, Genasys provides hardened private LTE networks, satellite communications terminals and interoperable radio systems tailored for government agencies, defense customers, utilities, energy producers and remote industrial operations.