Genasys Inc. (NASDAQ:GNSS) Q2 2022 Earnings Conference Call May 9, 2022 4:30 PM ET

Company Participants

Kimberly Rogers - Hayden IR, Investor Relations

Richard Danforth - Chief Executive Officer

Dennis Klahn - Chief Financial Officer

Conference Call Participants

Ed Woo - Ascendiant Capital

Hassan Saleem - Stephens

Operator

Good day, ladies and gentlemen, and welcome to Farmer Mac -- and welcome to the Genasys Inc. Fiscal Second Quarter 2022 Conference Call. [Operator Instructions]

At this time, it is my pleasure to turn the floor over to your host, Kim Rogers IR. Ma'am, the floor is yours.

Kimberly Rogers

Thank you, Dagna. Good afternoon, and welcome to Genasys Inc. fiscal first [ph] quarter 2022 financial results conference call. I'm Kim Rogers with Hayden IR, the Investor Relations firm for Genesis. With me on the call today from Genesis 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, 2021. The other than statements of historical facts, forward-looking statements made on this call are based only on information and management's expectation as of today. 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 and backlog, 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 leading indicators of future revenues and use these 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 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.