Genasys Inc. (NASDAQ:GNSS) Q4 2023 Earnings Call Transcript December 7, 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
Michael Latimore - Northland Securities
Scott Searle - Roth MKM
Ed Woo - Ascendiant Capital
Martin Yang - Oppenheimer & Co.
Operator
Good day, ladies and gentlemen, and welcome to the Genasys Fiscal Year 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 Fourth Quarter and Full Year Financial Results Conference Call. I'm Brian Alger, SVP, Investor Relations and Corporate Development for Genasys. With me on the call today are Richard Danforth, our CEO; and Dennis Klahn, the company's CFO.
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, or the 10-K that's going to be filed later today.
Other than the statements of historical fact, forward-looking statements made on this call are based only on the information and management's expectations as of today, December 7, 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, backlog, and adjusted net loss, which we believe provide helpful information to investors with respect to evaluating the company's performance. 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 the related revenue recognition. Backlog is a measure of purchase orders received that are scheduled to ship within the next 12 months.