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Side-by-side financial comparison of Genasys Inc. (GNSS) and Identiv, Inc. (INVE), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Genasys Inc. is the larger business by last-quarter revenue ($17.1M vs $6.2M, roughly 2.8× Identiv, Inc.). Genasys Inc. runs the higher net margin — -4.8% vs -60.3%, a 55.6% gap on every dollar of revenue. On growth, Genasys Inc. posted the faster year-over-year revenue change (145.9% vs -7.9%). Over the past eight quarters, Genasys Inc.'s revenue compounded faster (72.4% CAGR vs -3.8%).

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...

Identiv is a publicly traded Internet of Things technology company listed on the Nasdaq stock market.

GNSS vs INVE — Head-to-Head

Bigger by revenue
GNSS
GNSS
2.8× larger
GNSS
$17.1M
$6.2M
INVE
Growing faster (revenue YoY)
GNSS
GNSS
+153.8% gap
GNSS
145.9%
-7.9%
INVE
Higher net margin
GNSS
GNSS
55.6% more per $
GNSS
-4.8%
-60.3%
INVE
Faster 2-yr revenue CAGR
GNSS
GNSS
Annualised
GNSS
72.4%
-3.8%
INVE

Income Statement — Q1 2026 vs Q4 2025

Metric
GNSS
GNSS
INVE
INVE
Revenue
$17.1M
$6.2M
Net Profit
$-817.0K
$-3.7M
Gross Margin
48.0%
18.1%
Operating Margin
-2.1%
-76.4%
Net Margin
-4.8%
-60.3%
Revenue YoY
145.9%
-7.9%
Net Profit YoY
80.0%
-948.2%
EPS (diluted)
$-0.02
$-0.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
GNSS
GNSS
INVE
INVE
Q4 25
$17.1M
$6.2M
Q3 25
$17.0M
$5.0M
Q2 25
$9.9M
$5.0M
Q1 25
$6.9M
$5.3M
Q4 24
$6.9M
$6.7M
Q3 24
$6.7M
$6.5M
Q2 24
$7.2M
$6.7M
Q1 24
$5.7M
$6.7M
Net Profit
GNSS
GNSS
INVE
INVE
Q4 25
$-817.0K
$-3.7M
Q3 25
$-1.4M
$-3.5M
Q2 25
$-6.5M
$-6.0M
Q1 25
$-6.1M
$-4.8M
Q4 24
$-4.1M
$-355.0K
Q3 24
$-11.4M
$85.9M
Q2 24
$-6.7M
$-6.2M
Q1 24
$-6.9M
$-4.6M
Gross Margin
GNSS
GNSS
INVE
INVE
Q4 25
48.0%
18.1%
Q3 25
50.3%
10.7%
Q2 25
26.3%
-9.4%
Q1 25
37.7%
2.5%
Q4 24
45.8%
-14.9%
Q3 24
40.8%
3.6%
Q2 24
52.8%
9.1%
Q1 24
37.9%
7.3%
Operating Margin
GNSS
GNSS
INVE
INVE
Q4 25
-2.1%
-76.4%
Q3 25
7.7%
-111.4%
Q2 25
-60.1%
-126.7%
Q1 25
-90.2%
-103.8%
Q4 24
-85.6%
-98.9%
Q3 24
-105.8%
-146.2%
Q2 24
-74.8%
-99.7%
Q1 24
-121.9%
-76.0%
Net Margin
GNSS
GNSS
INVE
INVE
Q4 25
-4.8%
-60.3%
Q3 25
-8.3%
-68.9%
Q2 25
-65.8%
-119.9%
Q1 25
-88.6%
-90.9%
Q4 24
-58.8%
-5.3%
Q3 24
-168.9%
1315.8%
Q2 24
-93.2%
-92.2%
Q1 24
-120.9%
-68.5%
EPS (diluted)
GNSS
GNSS
INVE
INVE
Q4 25
$-0.02
$-0.17
Q3 25
$-0.03
$-0.15
Q2 25
$-0.14
$-0.26
Q1 25
$-0.14
$-0.21
Q4 24
$-0.09
$0.00
Q3 24
$-0.26
$3.62
Q2 24
$-0.15
$-0.27
Q1 24
$-0.16
$-0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
GNSS
GNSS
INVE
INVE
Cash + ST InvestmentsLiquidity on hand
$10.3M
$128.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8M
$140.7M
Total Assets
$67.6M
$151.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
GNSS
GNSS
INVE
INVE
Q4 25
$10.3M
$128.6M
Q3 25
$8.0M
$126.3M
Q2 25
$5.5M
$129.3M
Q1 25
$7.1M
$132.4M
Q4 24
$13.6M
$135.6M
Q3 24
$12.9M
$145.4M
Q2 24
$12.7M
$18.4M
Q1 24
$6.6M
$21.6M
Stockholders' Equity
GNSS
GNSS
INVE
INVE
Q4 25
$1.8M
$140.7M
Q3 25
$2.2M
$143.7M
Q2 25
$3.2M
$146.4M
Q1 25
$8.1M
$150.5M
Q4 24
$13.7M
$154.1M
Q3 24
$17.6M
$156.7M
Q2 24
$28.5M
$65.1M
Q1 24
$34.9M
$70.2M
Total Assets
GNSS
GNSS
INVE
INVE
Q4 25
$67.6M
$151.3M
Q3 25
$63.9M
$151.0M
Q2 25
$57.4M
$153.9M
Q1 25
$49.7M
$158.7M
Q4 24
$54.6M
$163.2M
Q3 24
$53.9M
$177.0M
Q2 24
$59.4M
$97.8M
Q1 24
$51.0M
$101.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
GNSS
GNSS
INVE
INVE
Operating Cash FlowLast quarter
$7.2M
$3.0M
Free Cash FlowOCF − Capex
$2.8M
FCF MarginFCF / Revenue
45.8%
Capex IntensityCapex / Revenue; lower = less reinvestment burden
0.0%
3.3%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
TTM Free Cash FlowTrailing 4 quarters
$-7.8M

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
GNSS
GNSS
INVE
INVE
Q4 25
$7.2M
$3.0M
Q3 25
$2.5M
$-2.9M
Q2 25
$-5.9M
$-3.6M
Q1 25
$-6.3M
$-3.3M
Q4 24
$947.0K
$-5.9M
Q3 24
$556.0K
$-7.2M
Q2 24
$-7.5M
$-993.0K
Q1 24
$-6.8M
$-1.3M
Free Cash Flow
GNSS
GNSS
INVE
INVE
Q4 25
$2.8M
Q3 25
$2.5M
$-3.2M
Q2 25
$-5.9M
$-3.8M
Q1 25
$-6.5M
$-3.6M
Q4 24
$878.0K
$-6.5M
Q3 24
$526.0K
$-7.7M
Q2 24
$-7.5M
$-1.1M
Q1 24
$-6.8M
$-1.5M
FCF Margin
GNSS
GNSS
INVE
INVE
Q4 25
45.8%
Q3 25
14.5%
-64.5%
Q2 25
-59.9%
-75.8%
Q1 25
-93.4%
-68.0%
Q4 24
12.7%
-97.7%
Q3 24
7.8%
-118.2%
Q2 24
-105.0%
-16.7%
Q1 24
-118.1%
-23.0%
Capex Intensity
GNSS
GNSS
INVE
INVE
Q4 25
0.0%
3.3%
Q3 25
0.2%
7.0%
Q2 25
0.1%
5.0%
Q1 25
2.2%
5.7%
Q4 24
1.0%
9.3%
Q3 24
0.4%
7.7%
Q2 24
0.1%
2.0%
Q1 24
0.2%
3.5%
Cash Conversion
GNSS
GNSS
INVE
INVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.08×
Q2 24
Q1 24

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

Revenue Breakdown by Segment

GNSS
GNSS

Hardware$14.8M87%
Software$2.3M13%

INVE
INVE

Other$3.4M55%
Europe And Middle East$2.2M36%
Asia Pacific$575.0K9%

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