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

Genasys (NASDAQ:GNSS) issued its earnings results on Tuesday. The company reported ($0.02) EPS 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 business had revenue of $17.07 million for the quarter, compared to the consensus estimate of $16.50 million.

Genasys Price Performance

GNSS stock remained flat at $2.05 during mid-day trading on Tuesday. The company’s stock had a trading volume of 203,782 shares, compared to its average volume of 185,134. The company has a market cap of $92.68 million, a PE ratio of -5.12 and a beta of 0.65. Genasys has a 52-week low of $1.46 and a 52-week high of $3.73. The firm’s 50 day simple moving average is $2.15 and its two-hundred day simple moving average is $2.13.

Wall Street Analyst Weigh In

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

Institutional Trading of Genasys

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in Genasys by 114.0% in the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after purchasing an additional 46,452 shares during the last quarter. Jane Street Group LLC increased its position in Genasys by 126.2% during the first 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. XTX Topco Ltd grew its position in Genasys by 170.6% in 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 during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in Genasys by 76.6% during the 3rd quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock worth $449,000 after purchasing an additional 79,493 shares during the period. 40.04% of the stock is owned by hedge funds and other institutional investors.

Genasys Company Profile

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.