Genasys Inc. reported its financial results for the second quarter of fiscal year 2025, showing improvements in several areas compared to the same period in the previous year. The company recorded a GAAP net loss of $6.1 million, an improvement from the $7.0 million loss reported in the second quarter of 2024. This translates to a net loss per share of $0.14, compared to $0.16 in the prior year period. Adjusted EBITDA also improved, with a loss of $5.1 million, compared to $5.7 million in the second quarter of 2024. The company generated its first revenues from the Puerto Rico dams project during this quarter. Additionally, Genasys announced $2.5 million in LRAD bookings with the US Military and received $1.0 million in LRAD orders for Critical Infrastructure Protection from the energy sector. In a significant operational update, Genasys announced a partnership with FloodMapp to extend the functionality of its EVAC customers for better planning and response to flood events. Genasys also amended its 2024 loan agreement to secure bridge financing of $4 million, with access to an additional $4 million. Cash, cash equivalents, and marketable securities totaled $7.2 million as of March 31, 2025, down from $13.1 million as of September 30, 2024. Furthermore, the company reported operating expenses of $8.9 million, a slight decrease from $9.2 million in the second quarter of 2024, with research and development expenses decreasing by 12% year over year to $2.2 million.