Genasys Inc. (NASDAQ:GNSS) Q3 2024 Earnings Conference Call August 6, 2024 4:30 PM ET
Company Participants
Brian Alger – Senior Vice President-Investor Relations and Corporate Development
Richard Danforth – Chief Executive Officer
Dennis Klahn – Chief Financial Officer
Conference Call Participants
Vijay Devar – Northland Capital
Scott Searle – Roth Capital
Ed Woo – Ascendiant Capital
Operator
Good day, ladies and gentlemen, and welcome to the Genasys Inc. Fiscal Third Quarter 2024 Conference Call. All lines have been placed on a listen-only mode and the floor will be open for questions and comments following the presentation. [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. Welcome, Brian. The floor is yours.
Brian Alger
Thank you, and good afternoon, everyone. Welcome to Genasys’ third quarter fiscal 2024 fiscal financial results conference call I’m Brian Alger, SVP of Investor Relations and Corporate Development for Genasys.
The earnings release should be hitting momentarily. For those of you looking for the financials, you can reference our 10-Q, which is already on file at the SEC website under EDGAR under the company’s ticker. We’ll be discussing the results on the call and hopefully the earnings release will hit momentarily.
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 section of the company’s Form 10-K for the fiscal year-ended September 30, 2023.
Other than statements of historical facts, forward-looking statements made on this call are based only on information and management’s expectations as of today, August 6, 2024. We explicitly disclaim any intent or obligation to update these 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 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 timing of the related revenue recognition. Backlog is a measure of purchase orders that are received and scheduled to ship within the next 12 months.