$GNSS
Genasys Inc.

2019 Q1 Form 10-Q Financial Statement

#000143774919009020 Filed on May 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q1
Revenue $10.19M $10.18M $7.868M
YoY Change 29.53% 33.41% 37.02%
Cost Of Revenue $5.001M $5.088M $3.832M
YoY Change 30.5% 38.61% 36.46%
Gross Profit $5.191M $5.089M $4.036M
YoY Change 28.61% 28.6% 37.57%
Gross Profit Margin 50.93% 50.0% 51.29%
Selling, General & Admin $2.475M $2.751M $2.518M
YoY Change -1.69% 25.71% 33.01%
% of Gross Profit 47.69% 54.06% 62.39%
Research & Development $1.280M $1.048M $913.9K
YoY Change 40.03% 34.75% 51.0%
% of Gross Profit 24.66% 20.6% 22.64%
Depreciation & Amortization $216.4K $201.3K $133.7K
YoY Change 61.83% 234.86% 345.68%
% of Gross Profit 4.17% 3.95% 3.31%
Operating Expenses $3.755M $3.799M $3.432M
YoY Change 9.42% 28.08% 37.37%
Operating Profit $1.435M $1.290M $604.2K
YoY Change 137.59% 30.15% 38.71%
Interest Expense $283.0K $9.815K
YoY Change -89.55%
% of Operating Profit 21.94% 1.62%
Other Income/Expense, Net $17.61K $39.07K $15.21K
YoY Change 15.8% 13.14% -52.59%
Pretax Income $1.453M $1.329M $619.4K
YoY Change 134.6% 29.57% 32.44%
Income Tax $274.1K $283.0K $158.5K
% Of Pretax Income 18.87% 21.3% 25.58%
Net Earnings $1.179M $1.046M $460.9K
YoY Change 155.77% -162.14% 54.49%
Net Earnings / Revenue 11.57% 10.28% 5.86%
Basic Earnings Per Share $0.04 $0.03 $0.01
Diluted Earnings Per Share $0.04 $0.03 $0.01
COMMON SHARES
Basic Shares Outstanding 32.58M 32.90M 32.28M
Diluted Shares Outstanding 33.08M 33.57M 33.30M

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.83M $8.200M $16.80M
YoY Change -35.54% -56.2% -6.82%
Cash & Equivalents $7.724M $4.416M $12.73M
Short-Term Investments $3.110M $3.780M $4.060M
Other Short-Term Assets $156.1K $230.3K $1.210M
YoY Change -87.1% -60.97% 72.86%
Inventory $8.306M $8.709M $5.443M
Prepaid Expenses
Receivables $6.757M $8.699M $5.718M
Other Receivables $180.0K $180.0K $0.00
Total Short-Term Assets $26.97M $26.96M $29.17M
YoY Change -7.52% -10.87% 7.69%
LONG-TERM ASSETS
Property, Plant & Equipment $2.484M $2.363M $483.5K
YoY Change 413.81% 367.47% 2.5%
Goodwill $2.365M $2.413M $2.604M
YoY Change -9.18%
Intangibles $1.356M $1.460M $1.834M
YoY Change -26.07% 2608.68% 2787.49%
Long-Term Investments $1.700M $900.0K $990.0K
YoY Change 71.72% -10.89% -36.54%
Other Assets $5.860M $6.250M $5.810M
YoY Change 0.86% 8.89% -36.15%
Total Long-Term Assets $13.76M $13.39M $11.72M
YoY Change 17.41% 83.3% 4.72%
TOTAL ASSETS
Total Short-Term Assets $26.97M $26.96M $29.17M
Total Long-Term Assets $13.76M $13.39M $11.72M
Total Assets $40.74M $40.35M $40.89M
YoY Change -0.37% 7.45% 6.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.228M $3.013M $1.890M
YoY Change -35.05% 58.33% 47.45%
Accrued Expenses $3.334M $2.080M $3.414M
YoY Change -2.35% 11.89% 56.01%
Deferred Revenue $1.203M $526.0K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $286.7K $292.6K $900.0K
YoY Change -68.14%
Total Short-Term Liabilities $4.849M $5.385M $6.201M
YoY Change -21.81% 43.23% 78.67%
LONG-TERM LIABILITIES
Long-Term Debt $33.74K $51.64K $270.0K
YoY Change -87.5%
Other Long-Term Liabilities $2.083M $1.916M
YoY Change
Total Long-Term Liabilities $2.117M $1.968M $270.0K
YoY Change 684.06% 140.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.849M $5.385M $6.201M
Total Long-Term Liabilities $2.117M $1.968M $270.0K
Total Liabilities $6.966M $7.353M $6.470M
YoY Change 7.66% 95.48% 80.59%
SHAREHOLDERS EQUITY
Retained Earnings -$54.29M -$55.47M -$53.99M
YoY Change 0.55% 1.87% 3.02%
Common Stock $326.00 $326.00 $322.00
YoY Change 1.24% 1.24% 1.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $33.77M $33.00M $34.42M
YoY Change
Total Liabilities & Shareholders Equity $40.74M $40.35M $40.89M
YoY Change -0.37% 7.45% 6.82%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q1
OPERATING ACTIVITIES
Net Income $1.179M $1.046M $460.9K
YoY Change 155.77% -162.14% 54.49%
Depreciation, Depletion And Amortization $216.4K $201.3K $133.7K
YoY Change 61.83% 234.86% 345.68%
Cash From Operating Activities $4.210M -$5.094M $1.150M
YoY Change 266.09% -390.48% -410.81%
INVESTING ACTIVITIES
Capital Expenditures -$260.0K $38.81K -$40.00K
YoY Change 550.0% -28.35% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$110.0K $110.0K -$2.700M
YoY Change -95.93% -75.56% -13600.0%
Cash From Investing Activities -$370.0K $69.67K -$2.740M
YoY Change -86.5% -82.61% 9033.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.621M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -520.0K -1.618M -330.0K
YoY Change 57.58% -1114.62%
NET CHANGE
Cash From Operating Activities 4.210M -5.094M 1.150M
Cash From Investing Activities -370.0K 69.67K -2.740M
Cash From Financing Activities -520.0K -1.618M -330.0K
Net Change In Cash 3.320M -6.652M -1.920M
YoY Change -272.92% -387.53% 380.0%
FREE CASH FLOW
Cash From Operating Activities $4.210M -$5.094M $1.150M
Capital Expenditures -$260.0K $38.81K -$40.00K
Free Cash Flow $4.470M -$5.133M $1.190M
YoY Change 275.63% -402.03% -460.61%

Facts In Submission

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CY2018Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
CY2018Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2528
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
42644
CY2017Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
159518
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
26200
CY2018Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1621022
CY2019Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
550000
CY2017Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
CY2018Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
33770543
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
33489207
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
32996163
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
35184039
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
33790735
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
34419150
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33077255
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33299206
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33272164
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32212286
CY2019Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
32584952
CY2018Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
32275647
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
32738871
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
32212286
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32584952
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32275647
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32738871
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32212286

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