Genasys Sees In FY24 Back-End Loaded Fiscal Year With Significant Majority Of Hardware Revneue Coming In H2 2024; Continued Growth In Software Revenue And Will Approach FY22 Levels
Portfolio Pulse from Benzinga Newsdesk
Genasys anticipates a back-end loaded fiscal year in FY24, with a significant majority of its hardware revenue expected in H2 2024. The company also expects continued growth in software revenue, approaching FY22 levels.
February 13, 2024 | 9:51 pm
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Genasys expects most hardware revenue in H2 FY24 and software revenue growth to approach FY22 levels.
The anticipation of a back-end loaded fiscal year with significant hardware revenue in H2 2024 suggests a positive outlook for Genasys, potentially leading to increased investor confidence and a positive impact on the stock price. The continued growth in software revenue, approaching FY22 levels, further supports this positive outlook.
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IMPORTANCE 80
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