Genasys Inc. (NASDAQ:GNSS) Q4 2022 Earnings Call Transcript

William Bremer: First one Richard, can you give us a little color on the initiative on utilities? Nice to see. We signed three. Is this a real focus €“ course given geographic regions? There are definitely some areas that historically have had massive issues, and I see a tremendous opportunity for you there. Then I have a blocking and tackling question for Dennis thereafter.

Richard Danforth: Sure. As I mentioned Bill the, it’s always hard to get your first win in a new vertical, and we did that and followed it up quickly with two more. So you can expect, this is one of the verticals along with large-scale manufacturing and others that are a focus of not only me, but our CRO and our entire sales and marketing staff.

William Bremer: Okay, great. Dennis, if my math is correct on this fourth quarter, if I back out the impairment pre-tax seems as though we have about, approximately a 400,000 profit. Do you, is that correct? And would you happen to have a adjusted figure to provide?

Dennis Klahn: That is correct. The €“ would’ve been about $400,000 about 396.

William Bremer: Okay, great. Okay. That would’ve been appreciative.

Richard Danforth: And also point out Bill though, that it was a quarter that we generated a million dollars in operating cash.

William Bremer: Absolutely. And I see that as well.

Richard Danforth: 400k in operating income.

William Bremer: No, I completely agree to Richard as a material shareholder. This has been a transformational year. The foundation in my opinion is built and I look forward to 2023 and 2024.

Richard Danforth: Terrific. Thank you for the kind words.

Operator: And that was our final question. I’ll turn it back over to Dennis for closing remarks.

Dennis Klahn: Thank you. We regularly meet with investors at conferences throughout the year. We will be at the Imperial Capital 2022 Security Investor Conference with a presentation and one-on-one meetings on December 15. Please visit the Imperial Securities website to register for the conference and book a meeting. Thank you for participating in today’s call. We look forward to speaking with you again next year when we report fiscal first quarter 2023 results. On behalf of everyone at Genasys, we wish you and your families a happy, healthy holiday season.

Operator: Thank you. This concludes today’s conference call. We thank you for your participation. You may disconnect your lines at this time, and have a great day.