SAN DIEGO (AP) — SAN DIEGO (AP) — Genasys Inc. (GNSS) on Thursday reported a loss of $10.1 million in its fiscal fourth quarter.
On a per-share basis, the San Diego-based company said it had a loss of 27 cents. Losses, adjusted for pretax expenses, were 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The developer of directed sound technologies used by the military and police posted revenue of $10.7 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $10.1 million.
For the year, the company reported a loss of $18.4 million, or 50 cents per share. Revenue was reported as $46.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNSS at https://www.zacks.com/ap/GNSS
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