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Side-by-side financial comparison of Genasys Inc. (GNSS) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.

Genasys Inc. is the larger business by last-quarter revenue ($17.1M vs $14.5M, roughly 1.2× SS Innovations International, Inc.). Genasys Inc. runs the higher net margin — -4.8% vs -17.0%, a 12.2% gap on every dollar of revenue. On growth, Genasys Inc. posted the faster year-over-year revenue change (145.9% vs 79.1%). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs 72.4%).

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...

SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.

GNSS vs SSII — Head-to-Head

Bigger by revenue
GNSS
GNSS
1.2× larger
GNSS
$17.1M
$14.5M
SSII
Growing faster (revenue YoY)
GNSS
GNSS
+66.8% gap
GNSS
145.9%
79.1%
SSII
Higher net margin
GNSS
GNSS
12.2% more per $
GNSS
-4.8%
-17.0%
SSII
Faster 2-yr revenue CAGR
SSII
SSII
Annualised
SSII
99.9%
72.4%
GNSS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GNSS
GNSS
SSII
SSII
Revenue
$17.1M
$14.5M
Net Profit
$-817.0K
$-2.5M
Gross Margin
48.0%
43.9%
Operating Margin
-2.1%
-3.7%
Net Margin
-4.8%
-17.0%
Revenue YoY
145.9%
79.1%
Net Profit YoY
80.0%
-28.5%
EPS (diluted)
$-0.02
$-0.01

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
SSII
SSII
Q4 25
$17.1M
$14.5M
Q3 25
$17.0M
$12.8M
Q2 25
$9.9M
$10.0M
Q1 25
$6.9M
$5.1M
Q4 24
$6.9M
$8.1M
Q3 24
$6.7M
$4.4M
Q2 24
$7.2M
$4.5M
Q1 24
$5.7M
$3.6M
Net Profit
GNSS
GNSS
SSII
SSII
Q4 25
$-817.0K
$-2.5M
Q3 25
$-1.4M
$-3.7M
Q2 25
$-6.5M
$-256.7K
Q1 25
$-6.1M
$-5.7M
Q4 24
$-4.1M
$-1.9M
Q3 24
$-11.4M
$-3.2M
Q2 24
$-6.7M
$-4.1M
Q1 24
$-6.9M
$-9.8M
Gross Margin
GNSS
GNSS
SSII
SSII
Q4 25
48.0%
43.9%
Q3 25
50.3%
48.1%
Q2 25
26.3%
59.1%
Q1 25
37.7%
21.2%
Q4 24
45.8%
48.9%
Q3 24
40.8%
52.8%
Q2 24
52.8%
31.9%
Q1 24
37.9%
20.0%
Operating Margin
GNSS
GNSS
SSII
SSII
Q4 25
-2.1%
-3.7%
Q3 25
7.7%
-14.3%
Q2 25
-60.1%
1.0%
Q1 25
-90.2%
-115.6%
Q4 24
-85.6%
-22.7%
Q3 24
-105.8%
-73.1%
Q2 24
-74.8%
-90.9%
Q1 24
-121.9%
-270.3%
Net Margin
GNSS
GNSS
SSII
SSII
Q4 25
-4.8%
-17.0%
Q3 25
-8.3%
-29.0%
Q2 25
-65.8%
-2.6%
Q1 25
-88.6%
-111.0%
Q4 24
-58.8%
-23.7%
Q3 24
-168.9%
-74.0%
Q2 24
-93.2%
-91.8%
Q1 24
-120.9%
-270.5%
EPS (diluted)
GNSS
GNSS
SSII
SSII
Q4 25
$-0.02
$-0.01
Q3 25
$-0.03
$-0.02
Q2 25
$-0.14
$0.00
Q1 25
$-0.14
$-0.03
Q4 24
$-0.09
$-0.01
Q3 24
$-0.26
$-0.02
Q2 24
$-0.15
$-0.02
Q1 24
$-0.16
$-0.06

Balance Sheet & Financial Strength

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

Metric
GNSS
GNSS
SSII
SSII
Cash + ST InvestmentsLiquidity on hand
$10.3M
$3.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8M
$38.2M
Total Assets
$67.6M
$74.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GNSS
GNSS
SSII
SSII
Q4 25
$10.3M
$3.2M
Q3 25
$8.0M
$5.7M
Q2 25
$5.5M
$11.4M
Q1 25
$7.1M
$15.9M
Q4 24
$13.6M
$466.5K
Q3 24
$12.9M
$220.4K
Q2 24
$12.7M
$608.2K
Q1 24
$6.6M
$948.1K
Stockholders' Equity
GNSS
GNSS
SSII
SSII
Q4 25
$1.8M
$38.2M
Q3 25
$2.2M
$39.6M
Q2 25
$3.2M
$42.0M
Q1 25
$8.1M
$40.6M
Q4 24
$13.7M
$13.5M
Q3 24
$17.6M
$13.7M
Q2 24
$28.5M
$14.8M
Q1 24
$34.9M
$16.7M
Total Assets
GNSS
GNSS
SSII
SSII
Q4 25
$67.6M
$74.2M
Q3 25
$63.9M
$69.6M
Q2 25
$57.4M
$70.0M
Q1 25
$49.7M
$63.5M
Q4 24
$54.6M
$42.4M
Q3 24
$53.9M
$39.0M
Q2 24
$59.4M
$35.7M
Q1 24
$51.0M
$35.2M

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
SSII
SSII
Operating Cash FlowLast quarter
$7.2M
$-1.5M
Free Cash FlowOCF − Capex
$-3.2M
FCF MarginFCF / Revenue
-22.3%
Capex IntensityCapex / Revenue
0.0%
11.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GNSS
GNSS
SSII
SSII
Q4 25
$7.2M
$-1.5M
Q3 25
$2.5M
$-7.5M
Q2 25
$-5.9M
$-3.5M
Q1 25
$-6.3M
$-6.1M
Q4 24
$947.0K
$-3.3M
Q3 24
$556.0K
$-2.5M
Q2 24
$-7.5M
$-1.0M
Q1 24
$-6.8M
$-2.7M
Free Cash Flow
GNSS
GNSS
SSII
SSII
Q4 25
$-3.2M
Q3 25
$2.5M
$-8.2M
Q2 25
$-5.9M
$-3.8M
Q1 25
$-6.5M
$-7.0M
Q4 24
$878.0K
$-3.4M
Q3 24
$526.0K
$-4.2M
Q2 24
$-7.5M
$-3.1M
Q1 24
$-6.8M
$-2.8M
FCF Margin
GNSS
GNSS
SSII
SSII
Q4 25
-22.3%
Q3 25
14.5%
-64.1%
Q2 25
-59.9%
-37.7%
Q1 25
-93.4%
-136.2%
Q4 24
12.7%
-41.7%
Q3 24
7.8%
-96.9%
Q2 24
-105.0%
-69.5%
Q1 24
-118.1%
-76.9%
Capex Intensity
GNSS
GNSS
SSII
SSII
Q4 25
0.0%
11.8%
Q3 25
0.2%
5.9%
Q2 25
0.1%
3.2%
Q1 25
2.2%
17.0%
Q4 24
1.0%
1.5%
Q3 24
0.4%
38.8%
Q2 24
0.1%
46.8%
Q1 24
0.2%
3.5%

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%

SSII
SSII

System Sales$13.4M92%
Other$1.2M8%

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