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Side-by-side financial comparison of Genasys Inc. (GNSS) and INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC). Click either name above to swap in a different company.

INNOVATIVE SOLUTIONS & SUPPORT INC is the larger business by last-quarter revenue ($21.8M vs $17.1M, roughly 1.3× Genasys Inc.). INNOVATIVE SOLUTIONS & SUPPORT INC runs the higher net margin — 18.6% vs -4.8%, a 23.4% gap on every dollar of revenue. On growth, Genasys Inc. posted the faster year-over-year revenue change (145.9% vs 36.6%). Over the past eight quarters, Genasys Inc.'s revenue compounded faster (72.4% CAGR vs 42.5%).

Genasys Inc. is based in San Diego, California. Its long-range acoustic device (LRAD) products are used for long-range acoustic hailing and mass notification. Its software-as-a-service products Genasys Protect and Evertel are used for zone-based multi-channel communication and secure messaging and collaboration, respectively. Genasys Acoustics are integrated speakers used to send long range voice broadcasts. The company was previously named American Technology Corporation (ATC) until 2010 and...

Motorola Solutions, Inc., is an American technology company that provides safety and security products and services. Headquartered in Chicago, Illinois, the company provides critical communications, video security, and command center technologies, used by public safety agencies and enterprises. It was formed in 2011 by the division of Motorola, Inc., and is its legal successor; the former company's mobile phone division was spun off as Motorola Mobility, now part of Chinese technology company...

GNSS vs ISSC — Head-to-Head

Bigger by revenue
ISSC
ISSC
1.3× larger
ISSC
$21.8M
$17.1M
GNSS
Growing faster (revenue YoY)
GNSS
GNSS
+109.3% gap
GNSS
145.9%
36.6%
ISSC
Higher net margin
ISSC
ISSC
23.4% more per $
ISSC
18.6%
-4.8%
GNSS
Faster 2-yr revenue CAGR
GNSS
GNSS
Annualised
GNSS
72.4%
42.5%
ISSC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
GNSS
GNSS
ISSC
ISSC
Revenue
$17.1M
$21.8M
Net Profit
$-817.0K
$4.1M
Gross Margin
48.0%
54.5%
Operating Margin
-2.1%
28.9%
Net Margin
-4.8%
18.6%
Revenue YoY
145.9%
36.6%
Net Profit YoY
80.0%
451.4%
EPS (diluted)
$-0.02
$0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GNSS
GNSS
ISSC
ISSC
Q4 25
$17.1M
$21.8M
Q3 25
$17.0M
$22.2M
Q2 25
$9.9M
$24.1M
Q1 25
$6.9M
$21.9M
Q4 24
$6.9M
$16.0M
Q3 24
$6.7M
$15.4M
Q2 24
$7.2M
$11.8M
Q1 24
$5.7M
$10.7M
Net Profit
GNSS
GNSS
ISSC
ISSC
Q4 25
$-817.0K
$4.1M
Q3 25
$-1.4M
$7.1M
Q2 25
$-6.5M
$2.4M
Q1 25
$-6.1M
$5.3M
Q4 24
$-4.1M
$736.2K
Q3 24
$-11.4M
$3.2M
Q2 24
$-6.7M
$1.6M
Q1 24
$-6.9M
$1.2M
Gross Margin
GNSS
GNSS
ISSC
ISSC
Q4 25
48.0%
54.5%
Q3 25
50.3%
63.2%
Q2 25
26.3%
35.5%
Q1 25
37.7%
51.4%
Q4 24
45.8%
41.4%
Q3 24
40.8%
55.4%
Q2 24
52.8%
53.4%
Q1 24
37.9%
52.0%
Operating Margin
GNSS
GNSS
ISSC
ISSC
Q4 25
-2.1%
28.9%
Q3 25
7.7%
37.0%
Q2 25
-60.1%
14.6%
Q1 25
-90.2%
31.8%
Q4 24
-85.6%
8.4%
Q3 24
-105.8%
28.4%
Q2 24
-74.8%
17.3%
Q1 24
-121.9%
15.3%
Net Margin
GNSS
GNSS
ISSC
ISSC
Q4 25
-4.8%
18.6%
Q3 25
-8.3%
32.0%
Q2 25
-65.8%
10.1%
Q1 25
-88.6%
24.3%
Q4 24
-58.8%
4.6%
Q3 24
-168.9%
20.7%
Q2 24
-93.2%
13.2%
Q1 24
-120.9%
11.3%
EPS (diluted)
GNSS
GNSS
ISSC
ISSC
Q4 25
$-0.02
$0.22
Q3 25
$-0.03
$0.40
Q2 25
$-0.14
$0.14
Q1 25
$-0.14
$0.30
Q4 24
$-0.09
$0.04
Q3 24
$-0.26
$0.18
Q2 24
$-0.15
$0.09
Q1 24
$-0.16
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GNSS
GNSS
ISSC
ISSC
Cash + ST InvestmentsLiquidity on hand
$10.3M
$8.3M
Total DebtLower is stronger
$23.8M
Stockholders' EquityBook value
$1.8M
$68.7M
Total Assets
$67.6M
$109.9M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GNSS
GNSS
ISSC
ISSC
Q4 25
$10.3M
$8.3M
Q3 25
$8.0M
$2.7M
Q2 25
$5.5M
$601.8K
Q1 25
$7.1M
$1.2M
Q4 24
$13.6M
$604.6K
Q3 24
$12.9M
$539.0K
Q2 24
$12.7M
$521.0K
Q1 24
$6.6M
$574.1K
Total Debt
GNSS
GNSS
ISSC
ISSC
Q4 25
$23.8M
Q3 25
$24.4M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GNSS
GNSS
ISSC
ISSC
Q4 25
$1.8M
$68.7M
Q3 25
$2.2M
$64.6M
Q2 25
$3.2M
$56.8M
Q1 25
$8.1M
$53.5M
Q4 24
$13.7M
$47.8M
Q3 24
$17.6M
$46.6M
Q2 24
$28.5M
$43.2M
Q1 24
$34.9M
$41.4M
Total Assets
GNSS
GNSS
ISSC
ISSC
Q4 25
$67.6M
$109.9M
Q3 25
$63.9M
$103.4M
Q2 25
$57.4M
$91.8M
Q1 25
$49.7M
$89.9M
Q4 24
$54.6M
$81.3M
Q3 24
$53.9M
$82.4M
Q2 24
$59.4M
$59.8M
Q1 24
$51.0M
$57.6M
Debt / Equity
GNSS
GNSS
ISSC
ISSC
Q4 25
0.35×
Q3 25
0.38×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GNSS
GNSS
ISSC
ISSC
Operating Cash FlowLast quarter
$7.2M
$8.2M
Free Cash FlowOCF − Capex
$7.0M
FCF MarginFCF / Revenue
32.3%
Capex IntensityCapex / Revenue
0.0%
5.1%
Cash ConversionOCF / Net Profit
2.01×
TTM Free Cash FlowTrailing 4 quarters
$12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GNSS
GNSS
ISSC
ISSC
Q4 25
$7.2M
$8.2M
Q3 25
$2.5M
$3.0M
Q2 25
$-5.9M
$7.2M
Q1 25
$-6.3M
$1.3M
Q4 24
$947.0K
$1.8M
Q3 24
$556.0K
$445.3K
Q2 24
$-7.5M
$934.1K
Q1 24
$-6.8M
$201.1K
Free Cash Flow
GNSS
GNSS
ISSC
ISSC
Q4 25
$7.0M
Q3 25
$2.5M
$2.0M
Q2 25
$-5.9M
$3.5M
Q1 25
$-6.5M
$-267.7K
Q4 24
$878.0K
$1.6M
Q3 24
$526.0K
$299.5K
Q2 24
$-7.5M
$730.8K
Q1 24
$-6.8M
$75.4K
FCF Margin
GNSS
GNSS
ISSC
ISSC
Q4 25
32.3%
Q3 25
14.5%
8.8%
Q2 25
-59.9%
14.6%
Q1 25
-93.4%
-1.2%
Q4 24
12.7%
9.9%
Q3 24
7.8%
1.9%
Q2 24
-105.0%
6.2%
Q1 24
-118.1%
0.7%
Capex Intensity
GNSS
GNSS
ISSC
ISSC
Q4 25
0.0%
5.1%
Q3 25
0.2%
4.5%
Q2 25
0.1%
15.3%
Q1 25
2.2%
7.1%
Q4 24
1.0%
1.6%
Q3 24
0.4%
0.9%
Q2 24
0.1%
1.7%
Q1 24
0.2%
1.2%
Cash Conversion
GNSS
GNSS
ISSC
ISSC
Q4 25
2.01×
Q3 25
0.42×
Q2 25
2.95×
Q1 25
0.24×
Q4 24
2.50×
Q3 24
0.14×
Q2 24
0.60×
Q1 24
0.17×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GNSS
GNSS

Hardware$14.8M87%
Software$2.3M13%

ISSC
ISSC

Products$13.6M62%
Services$8.2M38%

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