Richard Danforth

“Before we get into our second quarter, as some of you have probably seen, we filed an 8K today announcing a 60-day extension for the repayment of our debt.”

“In the first quarter of fiscal 2026, we built on the strong foundation laid in the back half of fiscal year 2025. We delivered a record quarterly revenue of $17.1 million and executed several key initiatives.”

“We finished fiscal 2025 on a very strong note. For the first time in 7 quarters, we delivered both positive operating income and adjusted EBITDA. Additionally, we saw over 153% year-over-year revenue growth in the fourth quarter, underscored by a 50% gross margin.”

“Fiscal 2025 is turning out to be an exceptional year for Genasys. On our February call, we discussed how the January fires in L.A. brought global attention to the use of Genasys Protect for managing emergency response and evacuation notifications.”

“We are pleased to report that fiscal 2025 is off to a good start, substantially better than the prior year's quarter. Before we get into the results of the quarter, I want to spend some time discussing Genasys' involvement and role during January's historic fires in Southern California.”