SAN DIEGO (AP) — SAN DIEGO (AP) — Genasys Inc. (GNSS) on Monday reported a loss of $11.4 million in its fiscal fourth quarter.
The San Diego-based company said it had a loss of 26 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The developer of directed sound technologies used by the military and police posted revenue of $6.7 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $9 million.
For the year, the company reported a loss of $31.7 million, or 72 cents per share. Revenue was reported as $24 million.
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