2021 Q4 Form 10-K Financial Statement

#000143774921027262 Filed on November 23, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $10.68M $15.05M $47.00M
YoY Change 33.0% 7.63% 9.28%
Cost Of Revenue $5.783M $7.348M $23.58M
YoY Change 33.74% 14.45% 15.74%
Gross Profit $4.894M $7.699M $23.43M
YoY Change 32.13% 1.84% 3.48%
Gross Profit Margin 45.84% 51.17% 49.84%
Selling, General & Admin $5.134M $5.453M $17.42M
YoY Change 54.13% 72.56% 44.67%
% of Gross Profit 104.9% 70.83% 74.38%
Research & Development $1.369M $1.502M $4.918M
YoY Change 28.42% 13.79% 7.99%
% of Gross Profit 27.97% 19.51% 20.99%
Depreciation & Amortization $639.0K $644.0K $1.597M
YoY Change 127.4% 257.78% 99.63%
% of Gross Profit 13.06% 8.36% 6.82%
Operating Expenses $6.503M $6.955M $22.34M
YoY Change 47.9% 54.9% 34.61%
Operating Profit -$1.609M $744.0K $1.084M
YoY Change 132.18% -75.77% -82.06%
Interest Expense $76.00K $76.00K
YoY Change -5.0% -5.0%
% of Operating Profit 10.22% 7.01%
Other Income/Expense, Net $13.00K -$81.00K $54.00K
YoY Change -81.16% -46.0% -57.48%
Pretax Income -$1.596M $699.0K $1.138M
YoY Change 155.77% -76.7% -81.55%
Income Tax -$291.0K -$72.00K $434.0K
% Of Pretax Income -10.3% 38.14%
Net Earnings -$1.305M $771.0K $704.0K
YoY Change 110.82% -91.84% -94.07%
Net Earnings / Revenue -12.22% 5.12% 1.5%
Basic Earnings Per Share -$0.04 $0.02
Diluted Earnings Per Share -$0.04 $18.82K $0.02
COMMON SHARES
Basic Shares Outstanding 36.48M 36.14M 34.41M
Diluted Shares Outstanding 36.46M 35.59M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.17M $13.17M $18.85M
YoY Change -47.54% -52.26% -31.64%
Cash & Equivalents $13.17M $13.17M $13.17M
Short-Term Investments $0.00 $0.00 $5.686M
Other Short-Term Assets $127.0K $315.0K $2.534M
YoY Change -44.3% 9.38% 122.28%
Inventory $9.142M $6.416M $6.416M
Prepaid Expenses
Receivables $6.787M $7.682M $7.682M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $31.50M $35.49M $35.49M
YoY Change -13.06% -11.55% -11.55%
LONG-TERM ASSETS
Property, Plant & Equipment $1.821M $1.755M $6.617M
YoY Change -3.4% -9.07% -8.35%
Goodwill $23.79M $23.83M
YoY Change 179.85% 864.16%
Intangibles $12.25M $12.80M
YoY Change 227.3% 1257.79%
Long-Term Investments $3.381M $1.875M $1.875M
YoY Change 39.71% -50.79% -50.79%
Other Assets $9.852M $9.513M $9.513M
YoY Change -20.8% -18.13% -18.13%
Total Long-Term Assets $55.78M $54.64M $54.64M
YoY Change 62.29% 109.76% 109.76%
TOTAL ASSETS
Total Short-Term Assets $31.50M $35.49M $35.49M
Total Long-Term Assets $55.78M $54.64M $54.64M
Total Assets $87.28M $90.13M $90.13M
YoY Change 23.62% 36.21% 36.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.259M $2.160M $2.160M
YoY Change 39.62% 57.66% 57.66%
Accrued Expenses $12.61M $14.11M $5.187M
YoY Change 60.69% 79.07% 22.33%
Deferred Revenue $9.666M $9.821M
YoY Change 75.3% 122.5%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $290.0K $296.0K $296.0K
YoY Change -7.64% -1.33% -1.33%
Total Short-Term Liabilities $16.07M $17.47M $17.47M
YoY Change 51.17% 69.23% 69.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $995.0K $995.0K $6.704M
YoY Change 8.74% 239.59% 0.21%
Total Long-Term Liabilities $995.0K $995.0K $6.704M
YoY Change 6.65% 219.94% -0.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.07M $17.47M $17.47M
Total Long-Term Liabilities $995.0K $995.0K $6.704M
Total Liabilities $22.55M $24.17M $24.17M
YoY Change 25.65% 41.95% 41.93%
SHAREHOLDERS EQUITY
Retained Earnings -$42.46M -$41.15M
YoY Change -0.04% -1.68%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $64.73M $65.96M $65.96M
YoY Change
Total Liabilities & Shareholders Equity $87.28M $90.13M $90.13M
YoY Change 23.62% 36.21% 36.21%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income -$1.305M $771.0K $704.0K
YoY Change 110.82% -91.84% -94.07%
Depreciation, Depletion And Amortization $639.0K $644.0K $1.597M
YoY Change 127.4% 257.78% 99.63%
Cash From Operating Activities -$2.702M -$2.164M $6.150M
YoY Change -312.42% -167.41% -11.1%
INVESTING ACTIVITIES
Capital Expenditures $159.0K -$27.00K $208.0K
YoY Change 448.28% -10.0% 48.57%
Acquisitions $0.00 $15.85M
YoY Change -100.0%
Other Investing Activities $231.0K $710.0K -$15.35M
YoY Change -105.45% -202.9% 411.53%
Cash From Investing Activities $72.00K $683.0K -$15.55M
YoY Change -101.69% -196.2% 396.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $441.0K $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $0.00 $19.00K
YoY Change
Cash From Financing Activities -$395.0K 40.00K $13.00K
YoY Change -831.48% -71.43% -98.09%
NET CHANGE
Cash From Operating Activities -$2.702M -2.164M $6.150M
Cash From Investing Activities $72.00K 683.0K -$15.55M
Cash From Financing Activities -$395.0K 40.00K $13.00K
Net Change In Cash -$3.036M -1.441M -$9.468M
YoY Change 3.37% -154.58% -311.39%
FREE CASH FLOW
Cash From Operating Activities -$2.702M -$2.164M $6.150M
Capital Expenditures $159.0K -$27.00K $208.0K
Free Cash Flow -$2.861M -$2.137M $5.942M
YoY Change -330.17% -165.96% -12.33%

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AccretionExpense
0 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2138000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1775000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
846000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
521000 USD
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1634000 USD
CY2020 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-927000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
600000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
477000 USD
CY2021 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
4902000 USD
CY2020 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1238000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6150000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6918000 USD
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
5144000 USD
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
8056000 USD
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
5646000 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
5061000 USD
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
15848000 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-0 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
208000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
140000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15554000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3135000 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
210000 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1136000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
398000 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
141000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
42000 USD
CY2021 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
18000 USD
CY2020 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
17000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
38000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
-0 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
679000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
-77000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
17000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9468000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4479000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23996000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
19517000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14528000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23996000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13167000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23319000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
279000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
282000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1082000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
395000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14528000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23996000 USD
CY2021 gnss Noncash Or Part Noncash Unrealized Loss On Marketable Securities
NoncashOrPartNoncashUnrealizedLossOnMarketableSecurities
-7000 USD
CY2020 gnss Noncash Or Part Noncash Unrealized Loss On Marketable Securities
NoncashOrPartNoncashUnrealizedLossOnMarketableSecurities
-4000 USD
CY2021 gnss Initial Measurement Of Operating Lease Right Of Use Assets
InitialMeasurementOfOperatingLeaseRightOfUseAssets
259000 USD
CY2020 gnss Initial Measurement Of Operating Lease Right Of Use Assets
InitialMeasurementOfOperatingLeaseRightOfUseAssets
5824000 USD
CY2021 gnss Initial Measurement Of Operating Lease Liabilities
InitialMeasurementOfOperatingLeaseLiabilities
259000 USD
CY2020 gnss Initial Measurement Of Operating Lease Liabilities
InitialMeasurementOfOperatingLeaseLiabilities
7815000 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
30980000 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
CY2021 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><em style="font: inherit;">1.</em> OPERATIONS </b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:25pt;">Genasys Inc. is a global provider of critical communications hardware and software solutions designed to alert, inform, and protect. The Company's unified platform receives information from a wide variety of sensors and Internet-of-Things (IoT) inputs to collect real-time information on developing and active emergency situations. The Company uses this information to create and disseminate alerts, warnings, notifications, and instructions through multiple channels before, during, and after public safety and enterprise threats, critical events, and other crisis situations.</p>
CY2021Q3 gnss Number Of Additional Inactive Subsidiaries
NumberOfAdditionalInactiveSubsidiaries
2 pure
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"/> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>USE OF ESTIMATES </b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:25pt;">The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions (e.g., share-based compensation valuation, allowance for doubtful accounts, valuation of inventory and intangible assets, warranty reserve, accrued bonus and valuation allowance related to deferred tax assets) that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and affect the reported amounts of revenues and expenses during the reporting periods. Actual results could materially differ from those estimates.</p>
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"/> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>CONCENTRATION OF CREDIT RISK </b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:25pt;">The Company sells its products to a large number of geographically diverse customers. The Company routinely assesses the financial strength of its customers. It is customary for the Company to require a deposit as collateral. As of <em style="font: inherit;"> September </em><em style="font: inherit;">30,</em> <em style="font: inherit;">2021,</em> accounts receivable from two customers accounted for 66% and 18% of total accounts receivable with <em style="font: inherit;">no</em> other single customer accounting for more than <em style="font: inherit;">10%</em> of the accounts receivable balance. As of <em style="font: inherit;"> September </em><em style="font: inherit;">30,</em> <em style="font: inherit;">2020,</em> accounts receivable from two customers accounted for 36% and 24% of total accounts receivable with <em style="font: inherit;">no</em> other single customer accounting for more than <em style="font: inherit;">10%</em> of the accounts receivable balance.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:25pt;">The Company maintains cash and cash equivalent bank deposit accounts which, at times, <em style="font: inherit;"> may </em>exceed federally insured limits guaranteed by the Federal Deposit Insurance Corporation (“FDIC”). The Company has <em style="font: inherit;">not</em> experienced any losses in such accounts. The Company limits its exposure to credit loss by depositing its cash with high credit quality financial institutions. The Company also invests cash in instruments that meet high credit quality standards, as specified in the Company’s policy guidelines such as money market funds, corporate bonds, municipal bonds and Certificates of Deposit. These guidelines also limit the amount of credit exposure to any <em style="font: inherit;">one</em> issue, issuer or type of instrument. It is generally the Company’s policy to invest in instruments that have a final maturity of <em style="font: inherit;">no</em> longer than <span style="-sec-ix-hidden:c79542772">three</span> years, with a portfolio weighted average maturity of <em style="font: inherit;">no</em> longer than 18 months.</p>
CY2021 gnss Investments Typical Portfolio Weighted Average Maturity
InvestmentsTypicalPortfolioWeightedAverageMaturity
P18M
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13167000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23319000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1361000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
677000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
127000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
130000 USD
CY2021 gnss Inventory Obsolescence Write Down Recoveries
InventoryObsolescenceWriteDownRecoveries
-183000 USD
CY2020 gnss Inventory Obsolescence Write Down Recoveries
InventoryObsolescenceWriteDownRecoveries
-37000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
193000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
263000 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
146000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
126000 USD
CY2021 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"/><p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"/> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>IMPAIRMENT OF LONG-LIVED ASSETS </b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:25pt;">Long-lived assets and finite-lived intangibles held for use are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount <em style="font: inherit;"> may </em><em style="font: inherit;">not</em> be recoverable. If the carrying value of an intangible asset exceeds the fair value, or if changes in facts and circumstances indicate impairment, an impairment loss is measured and recognized using the asset’s fair value. There was <span style="-sec-ix-hidden:c79542859"><span style="-sec-ix-hidden:c79542860">no</span></span> impairment of long-lived assets for the years ended <em style="font: inherit;"> September 30, 2021 </em>and <em style="font: inherit;"> September 30, 2020. </em>Refer to Note <em style="font: inherit;">6,</em> Fair Value Measurements and Note <em style="font: inherit;">9,</em> Goodwill and Intangible Assets for information related to impairment of long-lived assets.</p>
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 pure
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
260000 USD
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"/> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>RECLASSIFICATIONS </b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:25pt;">Where necessary, the prior year’s information has been reclassified to conform to the fiscal year <em style="font: inherit;">2021</em> statement presentation. These reclassifications had <em style="font: inherit;">no</em> effect on previously reported results of operations or accumulated deficit.</p>
CY2021Q2 us-gaap Share Price
SharePrice
5.05
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
120000 USD
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssets
106000 USD
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
194000 USD
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
2729000 USD
CY2020Q4 us-gaap Share Price
SharePrice
5.98
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 USD
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4707000 USD
CY2021 gnss Contract With Customer Liability Increase For New Contract
ContractWithCustomerLiabilityIncreaseForNewContract
17410000 USD
CY2021 gnss Contract With Customer Liability Revenue Recognized During Period
ContractWithCustomerLiabilityRevenueRecognizedDuringPeriod
11996000 USD
CY2021 gnss Contract With Customer Liability Effect Of Exchange Rate
ContractWithCustomerLiabilityEffectOfExchangeRate
-8000 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10129000 USD
CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
308000 USD
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
9821000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
10129000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
9821000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.97 pure
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
5449000 USD
CY2020Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
5220000 USD
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
842000 USD
CY2020Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
841000 USD
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
877000 USD
CY2020Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
456000 USD
CY2021Q3 us-gaap Inventory Gross
InventoryGross
7168000 USD
CY2020Q3 us-gaap Inventory Gross
InventoryGross
6517000 USD
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
752000 USD
CY2020Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
568000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
6416000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
5949000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4685000 USD
CY2021Q3 us-gaap Other Assets Current
OtherAssetsCurrent
315000 USD
CY2020Q3 us-gaap Other Assets Current
OtherAssetsCurrent
288000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4429000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2930000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2499000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1755000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1930000 USD
CY2021 us-gaap Depreciation
Depreciation
406000 USD
CY2020 us-gaap Depreciation
Depreciation
498000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
23834000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
2472000 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q3 us-gaap Goodwill
Goodwill
2472000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
21128000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
234000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
23834000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
14861000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1829000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2057000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
886000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12804000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
943000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
943000 USD
CY2021 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
12920000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1191000 USD
CY2021 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
132000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12804000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1191000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
302000 USD
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2255000 USD
CY2020Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
860000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2169000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2137000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2123000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1995000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1855000 USD
CY2021Q3 gnss Finitelived Intangible Asset Expected Amortization After Year Four
FinitelivedIntangibleAssetExpectedAmortizationAfterYearFour
2525000 USD
CY2021Q3 gnss Finite Lived Intangible Assets Amortization Expense Total
FiniteLivedIntangibleAssetsAmortizationExpenseTotal
12804000 USD
CY2021Q3 gnss Deposits For Inventory
DepositsForInventory
997000 USD
CY2020Q3 gnss Deposits For Inventory
DepositsForInventory
54000 USD
CY2021Q3 us-gaap Prepaid Insurance
PrepaidInsurance
395000 USD
CY2020Q3 us-gaap Prepaid Insurance
PrepaidInsurance
264000 USD
CY2021Q3 gnss Due And Subscription
DueAndSubscription
213000 USD
CY2020Q3 gnss Due And Subscription
DueAndSubscription
151000 USD
CY2021Q3 gnss Prepaid Professional Services
PrepaidProfessionalServices
158000 USD
CY2020Q3 gnss Prepaid Professional Services
PrepaidProfessionalServices
0 USD
CY2021Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
82000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
0 USD
CY2021Q3 gnss Prepaid Trade Shows And Travel
PrepaidTradeShowsAndTravel
95000 USD
CY2020Q3 gnss Prepaid Trade Shows And Travel
PrepaidTradeShowsAndTravel
103000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3726000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2545000 USD
CY2021Q3 gnss Accrued Contract Costs
AccruedContractCosts
416000 USD
CY2020Q3 gnss Accrued Contract Costs
AccruedContractCosts
719000 USD
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
146000 USD
CY2020Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
126000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2000 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
76000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14111000 USD
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7880000 USD
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
687000 USD
CY2020Q3 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
0 USD
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
995000 USD
CY2020Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
293000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
126000 USD
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CY2021 gnss Income Tax Reconciliation Change In Research And Development Carryover
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CY2021 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y4M24D
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3.02
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2.24
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6343000 USD
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4610000 USD
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2745384
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SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P3Y9M29D
CY2021Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
3.02
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1541176
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SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
2.24
CY2021 us-gaap Allocated Share Based Compensation Expense
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StockIssuedDuringPeriodSharesStockOptionsExercised
583019
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228633
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33220915
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5345000 USD

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