Genasys Inc.
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2024 · Filed Feb 11, 2025
GNSS$1.41+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Three Months EndedDecember 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities: | ||
| Net loss | $(4,078) | $(6,724) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 737 | 729 |
| Warranty provision | (6) | (22) |
| Inventory obsolescence | 73 | 39 |
| Loss on disposition of fixed assets | — | 2 |
| Stock-based compensation | 391 | 446 |
| Partial release of valuation allowance | — | (517) |
| Gain on change in fair value of warrants | (2,470) | — |
| Loss on change in fair value of Term Loan | 370 | — |
| Amortization of operating lease right of use asset | 192 | 192 |
| Accretion of acquisition holdback liability | — | 5 |
| Remeasurement of acquisition contingent consideration | — | 46 |
| Accretion of investment of marketable securities | 33 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 259 | 1,666 |
| Inventories, net | (260) | (429) |
| Prepaid expenses and other | (1,084) | (249) |
| Accounts payable | 500 | (902) |
| Accrued and other liabilities | 6,290 | (11) |
| Net cash provided by (used in) operating activities | 947 | (5,729) |
| Investing Activities: | ||
| Purchases of marketable securities | (1,400) | (7,532) |
| Proceeds from maturities of marketable securities | 4,102 | 247 |
| Cash paid for acquisitions net of cash acquired | — | (923) |
| Cash paid for asset purchase holdback liability | — | (764) |
| Capital expenditures | (69) | (142) |
| Net cash provided by (used in) investing activities | 2,633 | (9,114) |
| Financing Activities: | ||
| Proceeds from exercise of stock options | 1 | — |
| Proceeds from offering of common stock, net of issuance costs | — | 10,449 |
| Net cash provided by financing activities | 1 | 10,449 |
| Effect of foreign exchange rate on cash | (55) | 1 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 3,526 | (4,393) |
| Cash, cash equivalents and restricted cash, beginning of period | 5,288 | 9,519 |
| Cash, cash equivalents and restricted cash, end of period | $8,814 | $5,126 |
| Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets: | ||
| Cash and cash equivalents | $8,469 | $4,780 |
| Restricted cash, current portion | 95 | — |
| Long-term restricted cash | 250 | 346 |
| Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows | $8,814 | $5,126 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
| Three Months EndedDecember 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Noncash investing and financing activities: | ||
| Change in unrealized loss on marketable securities | $7 | $10 |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $3 | $— |
| Obligation to issue common stock in connection with the Evertel acquisition | $— | $(527) |
| Shares issued in connection with the Evertel acquisition | $— | $(1,924) |
| Contingent consideration in shares of common stock | $— | $(890) |
| Holdback liability payable in connection with the Evertel acquisition | $— | $(230) |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $368 | $— |
| Cash paid for taxes | $11 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.