Genasys Inc. (NASDAQ:GNSS) Q3 2023 Results Conference Call August 10, 2023 4:30 PM ET

Company Participants

Brian Alger - SVP, IR and Corporate Development

Richard Danforth - CEO

Dennis Klahn - CFO

Conference Call Participants

Brian Colley - Stephens

Ed Woo - Ascendiant Capital

Operator

Good day, ladies and gentlemen, and welcome to the Genasys Incorporated Fiscal Third Quarter 2023 Conference Call. [Operator Instructions]

At this time, it is my pleasure to turn the floor over to your host, Brian Alger, SVP of Investor Relations and Corporate Development. Sir, the floor is yours.

Brian Alger

Thank you, Karen. Good afternoon. Welcome to Genasys’ fiscal 2023 third quarter financial results conference call. I am Brian Alger, SVP, Investor Relations and Corporate Development for Genasys. With me on the call today are Richard Danforth, Chief Executive Officer; and Dennis Klahn, Chief Financial Officer.

During today’s call, management will make forward-looking statements regarding the Company’s plans, expectations, outlook and future financial performance that involve certain risks and uncertainties. The Company’s results may differ materially from the projections described in these forward-looking statements. Factors that might cause such differences and other potential risks and uncertainties can be found in the Risk Factors section of the Company’s Form 10-K for the fiscal year ended September 30, 2022.

Other than the statements of historical facts, forward-looking statements made on this call are based only on the information and management’s expectations as of today, August 10, 2023. We explicitly disclaim any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.

We will also discuss non-GAAP financial measures and operational metrics, including adjusted EBITDA bookings which we believe provide helpful information to investors with respect to evaluating the Company’s performance. For a reconciliation of adjusted EBITDA to GAAP financial metrics, please see the table in the press release issued by the Company at the close of the market today. We consider bookings and backlog to be leading indicators of future revenues and use those metrics to support production planning. Bookings is an internal operational metric that measures the total dollar value of customer purchase orders executed in a given period regardless of the timing of the related revenue recognition. Backlog is a measure of purchase orders received that are scheduled to ship in the next 12 months.

Finally, a replay of this call will be available in approximately 4 hours through the Investor Relations page on the Company’s website.