Genasys Q3 EPS $(0.04) Beats $(0.05) Estimate, Sales $14.26M Beat $14.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Genasys (NASDAQ:GNSS) reported Q3 losses of $(0.04) per share, beating the analyst consensus estimate of $(0.05) by 20%. The company also reported quarterly sales of $14.26 million, beating the analyst consensus estimate of $14.13 million by 0.93%. However, this represents a 100% increase in losses and a 0.78% increase in sales compared to the same period last year.
August 10, 2023 | 8:09 pm
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NEUTRAL IMPACT
Genasys reported better than expected Q3 results, but with increased losses and slightly increased sales compared to last year. This mixed result may lead to uncertain market reactions.
While Genasys beat analyst estimates for Q3, the significant increase in losses compared to last year may concern investors. The slight increase in sales may not be enough to offset these concerns, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100