GNSS

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Genasys Inc. Announces Preliminary Unaudited Fiscal Fourth Quarter and Full Fiscal Year 2026 Financial Results

Expected Fiscal Year Revenue of $60.5M to $62.0M

Expected Fiscal Year Adjusted EBITDA of $7.2M to $8.2M

Earnings Call Scheduled for December 15, 2026

SAN DIEGO, CA – October 29, 2026 – Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications®, today announced preliminary unaudited financial results for its fiscal fourth quarter and fiscal year ended September 30, 2026. The Company also announced plans to release complete fiscal fourth quarter and full fiscal year 2026 financial results after the market close on Tuesday, December 15, 2026. A conference call to discuss the fiscal year financial results will be held on the same day at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time.

Preliminary Fiscal Fourth Quarter and Full Fiscal Year 2026 Results

• Fourth quarter revenue is expected to range between $20.5 million and $22.0 million; full fiscal year 2026 revenue is expected to range between $60.5 million and $62.0 million

• Fourth quarter gross margin is expected to range between 66% and 68%; full fiscal year 2026 gross margin is expected to range between 58% and 60%

• Fourth quarter adjusted EBITDA is expected to range between $7.0 million and $8.0 million; full fiscal year 2026 adjusted EBITDA is expected to range between $7.2 million and $8.2 million

• Fourth quarter operating income is expected to range between $6.5M and $6.8M; full fiscal year 2026 operating income is expected to range between $3.4M and $3.7M.

Complete financial results for the fiscal fourth quarter and the full fiscal year ended September 30, 2026, will be released after the market close on December 15, 2026. A conference call to discuss the results will follow.

Management Commentary

“This was a record year for Genasys, and our fourth quarter results show the strength of our business as we head into the new fiscal year,” said Richard Danforth, Genasys’ Chief Executive Officer. “In the quarter, activity in our Puerto Rico Dams Early Warning System (EWS) project ramped back up, we delivered the scheduled Common Remotely Operated

Weapon Station (CROWS) II Technical Refresh program order, and our software business continued to grow as more agencies move away from legacy systems to Genasys Protect.

“With momentum across both our hardware and software businesses, we enter fiscal 2027 with a strong backlog and a growing pipeline. I’m proud of what our team accomplished this year, and we look forward to providing more detail on our results and fiscal year 2027 outlook during our earnings call in December.”

Non-GAAP Financial Measure

We include in this press release adjusted EBITDA, which is a non-GAAP financial measure and which we believe provides helpful information to investors with respect to evaluating the Company’s performance. Adjusted EBITDA represents our net income (loss) before interest income, interest expense, income tax expense (benefit), depreciation and amortization expense, share-based compensation, fair value measurements of our term loans and warrants, other non-recurring expense, and other items that we do not consider indicative of our core operating performance. Adjusted EBITDA is a measure used by management to understand and evaluate our core operating performance and trends and to generate future operating plans, make strategic decisions regarding allocation of capital and invest in initiatives that are focused on cultivating new markets for our solutions. In particular, the exclusion of certain expenses in calculating adjusted EBITDA facilitates comparisons of our operating performance on a period-to-period basis. However, since adjusted EBITDA is a non-GAAP financial measure, it is not necessarily comparable with adjusted EBITDA used by other companies. Adjusted EBITDA has limitations and should not be considered in isolation or a substitute for performance measures calculated under GAAP, including net income (loss), which is the most closely comparable GAAP measure. Because of the early state of the Company’s year-end tax review process, the Company is unable without unreasonable effort or expense to provide an estimated range of net income (loss) at this time.

Voluntary Disclosure; No Inferences

Consistent with its approach to the third fiscal quarter 2026, Genasys is voluntarily providing preliminary unaudited results in the interest of transparency during a fiscal year in which it navigated headwinds stemming from factors largely outside of its control. Investors are cautioned not to draw any inference from the Company’s decision to provide these preliminary results that it will continue to do so in future fiscal quarters or fiscal years. Genasys is not required by law or otherwise to provide such preliminary results, and it does not undertake any obligation to do so in the future.

Conference Call Details

Date: December 15

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Exhibit 99.1

Genasys Inc. Reports Fiscal Second Quarter 2026 Results

A quarter of clear momentum, marked by a return to profitability and gross margin over 63%

SAN DIEGO, CA – May 14, 2026 – Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications™, today announced financial results for the Company’s fiscal 2026 second quarter ended March 31, 2026.

Fiscal Q2 2026 Financial Summary

• Revenue of $15.5 million, versus $6.9 million in the fiscal 2025 second quarter

• Gross margin of 63.3%, versus 37.7% in the fiscal 2025 second quarter

• GAAP operating income of $1.3 million, versus a GAAP operating loss of ($6.3) million in the fiscal 2025 second quarter

• Adjusted EBITDA of $2.5 million, versus ($5.1) million in the fiscal 2025 second quarter

• GAAP net income of $0.7 million, versus ($6.1) million in the fiscal 2025 second quarter

• GAAP net income per share $0.02 basic and diluted, versus ($0.14) in the fiscal 2025 second quarter

Recent Business Highlights and Developments

• Extended maturity of term loan to July 13, 2026, aligning the maturity with expected contractual cash receipts, including collections associated with the Puerto Rico Dams Early Warning System (EWS) project.

• Initial $9.0 million LRAD® order for Common Remotely Operated Weapon Station (CROWS) II Technical Refresh program has begun production and is expected to be completed in fiscal 2026.

• Continued delivery and execution of the Puerto Rico EWS project, with Groups 3, 5, and 6 completed and Group 1 on track for completion next month.

• Expanded Genasys Protect®, coverage with five new California municipal wins (San Jose, Palo Alto, Milpitas, Burbank, Santa Clara Fire District), lifting California coverage past 25.5 million residents and demonstrating accelerating SaaS sales velocity.

• Deepened Arizona footprint with paired Acoustics orders from the City of Sedona and Coconino County, with each deployment strengthening customer relationships and increasing the likelihood of follow-on orders.

• Two counties, Latah County (Idaho) and Davidson County (North Carolina), replaced their legacy emergency warning systems with Genasys Protect, expanding the Company’s geographic footprint.

• Secured a $2.0 million LRAD order from the Republic of Singapore Navy for unmanned surface vessels, broadening Genasys’ global defense customer base.

Management Commentary and Outlook

“The fiscal second quarter marked an important inflection point, headlined by a return to net income profitability and a roughly 63% gross margin,” said Richard Danforth, Genasys’ Chief Executive Officer. “Consistent delivery in Puerto Rico, combined with a standout bookings quarter in software, including new-state wins in Idaho and North Carolina, reflect sustained operational discipline and accelerating sales traction. The hard work from our team is beginning to show in our financial results, and we expect this progress to continue, supported by our roughly $58 million backlog.

“On the balance sheet front, we expect to collect receivables associated with the Puerto Rico EWS project in the near term, subject to the administrative disbursement processes, allowing us to retire the remaining balance of our outstanding debt. At that point, with sufficient cash on hand to support day-to-day operations, the Company is expected to emerge with a materially cleaner balance sheet. Combined with sustained software momentum across the country, consistent hardware execution, and an active pipeline, the second half of the year is shaping up to be a defining stretch for the Company.

“For fiscal 2026, we expect to deliver record revenue, gross margins over 50%, and net income profitability. Furthermore, our pipeline remains robust, which is a direct reflection of the sustained demand today's landscape is creating for our products. Overall, we remain focused on building upon this momentum, winning the opportunities in our pipeline, and delivering long-term value for our shareholders.”

Fiscal Q2 2026 Financial Results

Fiscal second quarter revenue was $15.5 million, an increase of 123.7% from $6.9 million in the prior year’s quarter.

Gross profit margin was 63.3%, compared with 37.7% in the second quarter of fiscal 2025. The increase in gross profit margin was primarily driven by the increase in hardware revenue.

Operating expenses decreased 3.7% to $8.5 million from $8.9 million in the fiscal second quarter 2025. Selling, general and administrative expenses decreased 6.6% to $6.2 million from $6.6 million in the fiscal second quarter 2025. Research and development expenses increased 5.1% year-over-year to $2.3 million from $2.2 million in the fiscal second quarter 2025.

GAAP net income in the quarter was $0.7 million, or $0.02 per share, basic and diluted, compared with a GAAP net loss of ($6.1) million, or ($0.14) per share, in the second quarter of fiscal 2025. The improvement in GAAP net income (loss) w