Genasys (GNSS) risk factors

Item 1A of every Genasys Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
46 risks5 new4 dropped14 reworded
Genasys added risks regarding new tariffs, Puerto Rico project payment delays, and potential goodwill impairment. Debt references shifted from Term Loan to multiple Term Loans.
Filed Dec 15, 2025
FY2024 10-K risk factors
45 risks
Customer concentration remains a key risk with one customer accounting for 18% of fiscal 2024 revenues. Government sales dependencies are significant, representing 29% of net sales in fiscal 2024. Debt covenants and liquidity requirements under the Term Loan constrain capital flexibility.
Filed Dec 13, 2024