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Earnings Call Summary | Genasys(GNSS.US) Q2 2024 Earnings Conference

Earnings Call Summary | Genasys(GNSS.US) Q2 2024 Earnings Conference

業績電話會議摘要 | Genasys (GNSS.US) 2024 年第二季度業績會議
富途資訊 ·  05/15 11:48  · 電話會議

The following is a summary of the Genasys, Inc. (GNSS) Q2 2024 Earnings Call Transcript:

以下是Genasys, Inc.(GNSS)2024年第二季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • Genasys reported a Q2 2024 total revenue of $5.7 million, a 49% reduction from last year, but software revenue increased by 123% to $1.7 million.

  • The hardware revenue declined by 61% to $4 million due to a low hardware backlog and delayed approval of the 2024 U.S. DoD budget.

  • For the second quarter, Genasys reported an operating loss of $7 million compared to a loss of $3.4 million for the same period in the previous year, and EBITDA was at negative $5.7 million, declining from the previous year's negative $2.3 million.

  • The gross profit margin for Q2 was 38%, down by 6%, mainly due to a decrease in hardware revenue and the subsequent reduction in overhead absorption.

  • Genasys報告稱,2024年第二季度的總收入爲570萬美元,比去年下降了49%,但軟件收入增長了123%,達到170萬美元。

  • 由於硬件積壓量低以及美國國防部2024年預算的延遲批准,硬件收入下降了61%,至400萬美元。

  • 第二季度,Genasys公佈的營業虧損爲700萬美元,而去年同期的虧損爲340萬美元,息稅折舊攤銷前利潤爲負570萬美元,低於去年的負230萬美元。

  • 第二季度的毛利率爲38%,下降了6%,這主要是由於硬件收入減少以及隨後的管理費用吸收減少。

Business Progress:

業務進展:

  • Genasys' software business is growing, with recurring revenues for Q2 showing a year-on-year increase of 124%.

  • The company expanded its board members by two and secured $15 million in debt financing, strengthening its position.

  • Genasys expanded its Puerto Rico dam project, expecting to receive up to $75 million and believes that the United States Army's new program will generate at least as much revenue as the previous one ($110 million).

  • The growth of their software business is expected to continue, and despite the current delays, the company remains positive about the prospects of both its software and hardware divisions in fiscal 2025.

  • Genasys has improved its cash position and anticipates that an increase in revenue will restore the percentages of gross margin in upcoming quarters.

  • Genasys的軟件業務正在增長,第二季度的經常性收入同比增長124%。

  • 該公司增加了兩名董事會成員,並獲得了1500萬美元的債務融資,鞏固了其地位。

  • Genasys擴大了其波多黎各大壩項目,預計將獲得高達7500萬美元的收入,並認爲美國陸軍的新計劃將產生至少與之前的計劃(1.1億美元)一樣多的收入。

  • 他們的軟件業務預計將繼續增長,儘管目前出現延遲,但該公司仍對其軟件和硬件部門在2025財年的前景持樂觀態度。

  • Genasys改善了其現金狀況,並預計收入的增加將恢復未來幾個季度的毛利率百分比。

More details: Genasys IR

更多詳情: Genasys IR

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