Genasys Extends Term Loan Maturity to July 2027 (Form 8-K)

Genasys Extends Term Loan Maturity to July 2027

Amendment provides working capital flexibility to support strong backlog and continued growth

SAN DIEGO, CA - July 15, 2026 - Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications®, today announced that the Company has entered into and closed a Third Amendment (the "Third Amendment") to the Company's Term Loan and Security Agreement (the "Term Loan Agreement").

Under the Third Amendment, the maturity date of the term loan, which has an initial principal amount of $15.2 million, has been extended to July 13, 2027, with the interest rate maintained at three-month SOFR plus 5%. The Third Amendment is subject to additional terms, conditions and incentives, including a guaranteed minimum rate of return ("MOIC") of 20% and requires the Company, beginning October 1, 2026, to make monthly payments of $1.0 million towards amortization of the term loan, with each such payment including the MOIC on the principal repaid.

The amended structure replaces quarterly interest payments and a single balloon payment at maturity with scheduled monthly payments, allowing the Company to retire the debt gradually from operating cash flow while preserving liquidity throughout the term. Backed by a strong backlog and growing pipeline, the Company is confident in its ability to satisfy the full obligations of the Term Loan Agreement over the next 12 months.

"The Third Amendment to our Term Loan Agreement provides the Company with the financial flexibility to fund growth and service our expanding customer base," said Richard Danforth, Genasys' Chief Executive Officer. "We continue to see strong demand for both our hardware and software offerings, and the Third Amendment enables us to stay focused on serving existing customers while pursuing new ones without working capital constraints tied to the timing of customer payments. Our lender's continued partnership reflects confidence in Genasys' trajectory, backlog, and pipeline, and positions us to convert that momentum into long-term shareholder value - we thank them for their continued confidence."

Full details of the loan and any additional terms can be found in the Form 8-K the Company filed with the SEC today.

About Genasys Inc.

Genasys is the global leader in Protective Communications®, providing the most comprehensive portfolio of preparedness, response, and analytics software and hardware solutions available. The company's Long Range Acoustic Device® (LRAD®) and Protect Platform, which includes Genasys Protect® and Genasys Evertel®, are designed around one premise: ensuring organizations and public safety agencies are Ready when it matters®. Protecting people and saving lives for over 40 years, Genasys covers more than 155 million people in all 50 states and in over 100 countries worldwide. For more information, visit genasys.com.