Genasys Sees FY24 Software Revenues More Than Double YoY; Hardware Revenues To Approach FY22 Levels; Adjusted EBITDA For The FY24 Is Expected To Improve Vs FY23
Portfolio Pulse from Benzinga Newsdesk
Genasys expects FY24 software revenues to more than double compared to the previous year, while hardware revenues are projected to be close to FY22 levels. The company also anticipates an improvement in adjusted EBITDA for FY24 compared to FY23.
December 07, 2023 | 9:22 pm
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Genasys expects a substantial increase in software revenues for FY24, projecting more than double the previous year's figures. Hardware revenues are anticipated to align with FY22 levels, and the company foresees an improvement in adjusted EBITDA over FY23.
The positive outlook for Genasys' FY24 software revenues and adjusted EBITDA suggests a strong financial performance, which is likely to be well-received by investors and could lead to a short-term increase in stock price. The expectation of hardware revenues maintaining near FY22 levels indicates stability in that segment, further supporting the positive impact on the stock.
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