2024 Q2 Form 10-Q Financial Statement

#000143774924016942 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q3
Revenue $7.167M $5.739M $10.70M
YoY Change -49.75% -48.82% -33.28%
Cost Of Revenue $3.383M $3.562M $5.391M
YoY Change -55.29% -43.35% -35.65%
Gross Profit $3.784M $2.177M $5.310M
YoY Change -43.48% -55.8% -30.68%
Gross Profit Margin 52.8% 37.93% 49.62%
Selling, General & Admin $6.649M $6.640M $6.178M
YoY Change 10.74% 9.68% 10.96%
% of Gross Profit 175.71% 305.01% 116.35%
Research & Development $2.496M $2.531M $1.770M
YoY Change 16.58% 10.96% 4.36%
% of Gross Profit 65.96% 116.26% 33.33%
Depreciation & Amortization $747.0K $731.0K $638.0K
YoY Change 17.45% 14.4% 0.31%
% of Gross Profit 19.74% 33.58% 12.02%
Operating Expenses $9.145M $9.171M $7.948M
YoY Change 12.28% 10.03% 9.42%
Operating Profit -$5.361M -$6.994M -$2.638M
YoY Change 269.72% 105.1% -766.16%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$1.363M $51.00K -$6.000K
YoY Change -136400.0% 240.0% -112.5%
Pretax Income -$6.724M -$6.943M -$2.644M
YoY Change 364.04% 104.51% -79.21%
Income Tax -$42.00K -$5.000K $7.418M
% Of Pretax Income
Net Earnings -$6.682M -$6.938M -$10.06M
YoY Change 369.57% 103.88% -27.22%
Net Earnings / Revenue -93.23% -120.89% -94.03%
Basic Earnings Per Share -$0.15 -$0.16
Diluted Earnings Per Share -$0.15 -$0.16 -$0.27
COMMON SHARES
Basic Shares Outstanding 44.59M 44.03M 37.18M
Diluted Shares Outstanding 44.60M 44.25M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.72M $3.544M $8.665M
YoY Change 328.07% -44.37% -54.71%
Cash & Equivalents $8.672M $3.544M $8.665M
Short-Term Investments $4.046M $0.00 $0.00
Other Short-Term Assets $498.0K $251.0K $199.0K
YoY Change 96.84% -2.71% -94.59%
Inventory $7.315M $6.564M $6.501M
Prepaid Expenses
Receivables $5.661M $2.820M $5.952M
Other Receivables $76.00K $0.00 $0.00
Total Short-Term Assets $31.62M $22.26M $25.21M
YoY Change 15.99% -18.41% -29.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.373M $1.483M $1.551M
YoY Change -17.59% -12.97% -75.37%
Goodwill $13.24M $13.25M $10.28M
YoY Change 27.9% 28.08% 1.62%
Intangibles $9.123M $9.743M $8.427M
YoY Change 1.84% 2.74% -19.78%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $750.0K $785.0K $551.0K
YoY Change -90.67% -90.19% -93.59%
Total Long-Term Assets $27.79M $28.77M $24.70M
YoY Change -17.05% -16.41% -31.95%
TOTAL ASSETS
Total Short-Term Assets $31.62M $22.26M $25.21M
Total Long-Term Assets $27.79M $28.77M $24.70M
Total Assets $59.41M $51.03M $49.91M
YoY Change -2.23% -17.29% -30.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.562M $2.597M $2.785M
YoY Change 7.16% -26.05% 19.32%
Accrued Expenses $7.683M $8.308M $7.466M
YoY Change -6.1% 11.62% -42.71%
Deferred Revenue $4.426M $4.638M $3.469M
YoY Change 9.26% 32.25% -47.05%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.27M $11.93M $11.26M
YoY Change -1.86% -0.05% -26.72%
LONG-TERM LIABILITIES
Long-Term Debt $11.70M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $343.0K $445.0K $551.0K
YoY Change 195.69% 179.87% -90.96%
Total Long-Term Liabilities $343.0K $445.0K $551.0K
YoY Change 195.69% 179.87% -90.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.27M $11.93M $11.26M
Total Long-Term Liabilities $343.0K $445.0K $551.0K
Total Liabilities $30.94M $16.15M $16.09M
YoY Change 80.16% -4.44% -25.01%
SHAREHOLDERS EQUITY
Retained Earnings -$96.41M -$89.72M -$76.06M
YoY Change 46.07% 39.59% 32.59%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.47M $34.88M $33.81M
YoY Change
Total Liabilities & Shareholders Equity $59.41M $51.03M $49.91M
YoY Change -2.23% -17.29% -30.55%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q3
OPERATING ACTIVITIES
Net Income -$6.682M -$6.938M -$10.06M
YoY Change 369.57% 103.88% -27.22%
Depreciation, Depletion And Amortization $747.0K $731.0K $638.0K
YoY Change 17.45% 14.4% 0.31%
Cash From Operating Activities -$7.514M -$6.767M $3.227M
YoY Change 40.29% 158.68% 210.59%
INVESTING ACTIVITIES
Capital Expenditures $8.000K $11.00K $9.000K
YoY Change -88.89% -81.36% -104.74%
Acquisitions
YoY Change
Other Investing Activities -$1.034M $5.778M $2.467M
YoY Change -146.31% 295.75% 2735.63%
Cash From Investing Activities -$1.042M $5.767M $2.458M
YoY Change -148.22% 311.63% -2486.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.70M -231.0K 56.00K
YoY Change -6749.51% -2666.67% 93.1%
NET CHANGE
Cash From Operating Activities -7.514M -6.767M 3.227M
Cash From Investing Activities -1.042M 5.767M 2.458M
Cash From Financing Activities 13.70M -231.0K 56.00K
Net Change In Cash 5.142M -1.231M 5.741M
YoY Change -251.19% 2.07% 494.92%
FREE CASH FLOW
Cash From Operating Activities -$7.514M -$6.767M $3.227M
Capital Expenditures $8.000K $11.00K $9.000K
Free Cash Flow -$7.522M -$6.778M $3.218M
YoY Change 38.58% 153.38% 161.84%

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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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9519000 usd
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13659000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3890000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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7206000 usd
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CashAndCashEquivalentsAtCarryingValue
3544000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6371000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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739000 usd
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346000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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96000 usd
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NoncashOrPartNoncashUnrealizedLossOnMarketableSecurities
7000 usd
gnss Noncash Or Part Noncash Unrealized Loss On Marketable Securities
NoncashOrPartNoncashUnrealizedLossOnMarketableSecurities
50000 usd
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gnss Initial Measurement Of Operating Lease Right Of Use Assets
InitialMeasurementOfOperatingLeaseRightOfUseAssets
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gnss Initial Measurement Of Operating Lease Liabilities
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us-gaap Nature Of Operations
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<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody><tr style="vertical-align: top;"> <td style="width: 27pt;"> <p style="margin: 0pt; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><b>1. </b></p> </td> <td style="width: auto;"> <p style="margin: 0pt; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><b>OPERATIONS </b></p> </td> </tr> </tbody></table> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 27pt;">Genasys Inc. (“Genasys” or the “Company”) is a global provider of Protective Communications™ solutions including its Genasys Protect™ software platform and Genasys Long Range Acoustic Devices (“LRAD”). Genasys’ 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’s customers can use 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>
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CashAndCashEquivalentsAtCarryingValue
3544000 usd
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
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us-gaap Prior Period Reclassification Adjustment Description
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i><span style="text-decoration: underline; ">Reclassifications</span></i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 27pt;">Where necessary, certain prior year’s information has been reclassified to conform to the current year presentation.</p>
CY2023Q3 us-gaap Contract With Customer Liability
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445000 usd
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4638000 usd
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5083000 usd
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4638000 usd
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0.91 pure
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P12M
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1437000 usd
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1236000 usd
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2000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
362000 usd
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1000 usd
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1598000 usd
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DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
684000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
496000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
8000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
1180000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
10000 usd
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5086000 usd
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1380000 usd
CY2023Q3 us-gaap Inventory Finished Goods
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CY2024Q1 us-gaap Inventory Work In Process
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1459000 usd
CY2023Q3 us-gaap Inventory Work In Process
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1218000 usd
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7458000 usd
CY2023Q3 us-gaap Inventory Gross
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7333000 usd
CY2024Q1 us-gaap Inventory Valuation Reserves
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894000 usd
CY2023Q3 us-gaap Inventory Valuation Reserves
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832000 usd
CY2024Q1 us-gaap Inventory Net
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6564000 usd
CY2023Q3 us-gaap Inventory Net
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6501000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
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5467000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
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5325000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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3984000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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3774000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
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1483000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
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1551000 usd
CY2024Q1 us-gaap Depreciation
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112000 usd
CY2023Q1 us-gaap Depreciation
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113000 usd
us-gaap Depreciation
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221000 usd
us-gaap Depreciation
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224000 usd
CY2024Q1 us-gaap Goodwill Gross
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13251000 usd
CY2023Q3 us-gaap Goodwill Gross
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10282000 usd
CY2023Q3 us-gaap Goodwill
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10282000 usd
us-gaap Goodwill Acquired During Period
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2923000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
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46000 usd
CY2024Q1 us-gaap Goodwill
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13251000 usd
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2550000 usd
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9743000 usd
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8427000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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1238000 usd
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2357000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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2222000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2048000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1220000 usd
CY2024Q1 gnss Finitelived Intangible Asset Expected Amortization After Year Four
FinitelivedIntangibleAssetExpectedAmortizationAfterYearFour
658000 usd
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9743000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
619000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
526000 usd
us-gaap Amortization Of Intangible Assets
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1239000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1058000 usd
CY2024Q1 gnss Deposits For Inventory
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123000 usd
CY2023Q3 gnss Deposits For Inventory
DepositsForInventory
301000 usd
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477000 usd
CY2024Q1 gnss Due And Subscription
DueAndSubscription
661000 usd
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541000 usd
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CapitalizedContractCostNetCurrent
544000 usd
CY2024Q1 gnss Bid Guarantee Deposit
BidGuaranteeDeposit
3500000 usd
CY2023Q3 gnss Bid Guarantee Deposit
BidGuaranteeDeposit
0 usd
CY2023Q3 gnss Prepaid Trade Shows And Travel
PrepaidTradeShowsAndTravel
150000 usd
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123000 usd
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251000 usd
CY2023Q3 us-gaap Other Assets Current
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199000 usd
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1851000 usd
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2237000 usd
CY2023Q3 gnss Accrued Contract Costs
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825000 usd
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132000 usd
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OperatingLeaseRightOfUseAsset
3886000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
387000 usd
gnss Effect Of Exchange Rate On Operating Lease Rou Assets
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8000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3507000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5291000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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499000 usd
gnss Effect Of Exchange Rate On Operating Lease Liability
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8000 usd
CY2024Q1 us-gaap Operating Lease Liability
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4800000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
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3773000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1027000 usd
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P4Y3M18D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0415 pure
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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605000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1183000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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1197000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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1219000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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1047000 usd
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0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5251000 usd
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451000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4800000 usd
CY2024Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
246000 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
245000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
491000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
503000 usd
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7000 usd
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12000 usd
us-gaap Short Term Lease Cost
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4000 usd
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us-gaap Effective Income Tax Rate Continuing Operations
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525000 usd
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8000 usd
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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P4Y2M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
605000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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64000 usd
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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147000 usd
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86000 usd
CY2024Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
3377824
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y1M9D
CY2024Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
2.84
CY2024Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1097178
CY2024Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
3.49
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
524000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
513000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
970000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
933000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
33812000 usd
CY2023Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
446000 usd
CY2023Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
10449000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2023Q4 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1924000 usd
CY2023Q4 gnss Increase In Additional Paidin Capital Obligation To Issue Common Stock
IncreaseInAdditionalPaidinCapitalObligationToIssueCommonStock
527000 usd
CY2023Q4 gnss Stock Released From Obligation To Issue Value
StockReleasedFromObligationToIssueValue
0 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
119000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-6724000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
40553000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
524000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2024Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12000 usd
CY2024Q1 gnss Increase In Additional Paidin Capital Obligation To Issue Common Stock
IncreaseInAdditionalPaidinCapitalObligationToIssueCommonStock
158000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-59000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-6938000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
34882000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
50393000 usd
CY2022Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
420000 usd
CY2022Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
32000 usd
CY2022Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2022Q4 gnss Stock Released From Obligation To Issue Value
StockReleasedFromObligationToIssueValue
0 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
266000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-3507000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
47604000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
513000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
54000 usd
CY2023Q1 gnss Stock Issued During Period Value Stock Options Exercised Cashless
StockIssuedDuringPeriodValueStockOptionsExercisedCashless
0 usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-2000 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
45000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
81000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-3403000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
44802000 usd
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
232387
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
69679
gnss Gross Proceeds From Stock Options Exercised
GrossProceedsFromStockOptionsExercised
86000 usd
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
233812
CY2023Q4 gnss Underwritten Public Offering Common Stock
UnderwrittenPublicOfferingCommonStock
5750000
CY2023Q4 gnss Price Per Share Underwritten Agreement
PricePerShareUnderwrittenAgreement
2
CY2023Q4 gnss Gross Proceeds From Underwritten Public Offering Common Stock
GrossProceedsFromUnderwrittenPublicOfferingCommonStock
11500000 usd
CY2023Q4 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1051000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-6938000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-3403000 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2024Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
44247858
CY2023Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
36817026
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44247858
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36817026
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44026750
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36755920
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3940925
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4649599
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3940925
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4649599
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5739000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
11213000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
10100000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
21700000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-6994000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-3410000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-14224000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-6898000 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
731000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
639000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1460000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1282000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-434000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000 usd
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
11226000 usd
CY2023Q3 us-gaap Noncurrent Assets
NoncurrentAssets
9978000 usd
CY2024Q1 us-gaap Assets
Assets
51032000 usd
CY2023Q3 us-gaap Assets
Assets
49905000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5739000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
11213000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
10100000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
21700000 usd
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
11226000 usd
CY2023Q3 us-gaap Noncurrent Assets
NoncurrentAssets
9978000 usd

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