#1genasys Investor Presentation March 2024 GENASYS.COM#2Statements & Disclosures Forward-looking Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, current market conditions, current economic data, expected future developments, and other factors that we believe are appropriate under the circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward- looking statements. The risks and uncertainties in these forward-looking statements include how the COVID-19 pandemic has adversely impacted worldwide supply chains and the ability to obtain sufficient component parts, including semiconductor chips and integrated circuits, resins, coating, and other equipment and components. Negative impacts on our supply change could have a material adverse effect on our business. Other risks and uncertainties are identified and discussed in our filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from our current expectations. For more information regarding other potential risks and uncertainties, see the "Risk Factors" section of the Company's Form 10-K for the fiscal years ended September 30, 2023. Genasys Inc. disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated. Non-GAAP operational metrics We include in this presentation Non-GAAP operational metrics of adjusted EBITDA, bookings and backlog, which we believe provide helpful information to investors with respect to evaluating the Company's performance. Adjusted EBITDA represents our net income before other income, net, income tax expense (benefit), depreciation and amortization expense and stock-based compensation. We do not consider these items to be indicative of our core operating performance. The items that are non- cash include depreciation and amortization expense and stock-based compensation. Adjusted EBITDA is a measure used by management to understand and evaluate our core operating performance and trends and to generate future operating plans, make strategic decisions regarding allocation of capital and invest in initiatives that are focused on cultivating new markets for our solutions. In particular, the exclusion of certain expenses in calculating adjusted EBITDA facilitates comparisons of our operating performance on a period-to-period basis.. Bookings is an internal, operational metric that measures the total dollar value of customer purchase orders executed in a period, regardless of the timing of the related revenue recognition. Backlog is a measure of purchase orders received that have not been shipped but are planned to ship within the next 12 months. GENASYS.COM 2 COPYRIGHT 2024 ⚫ GENASYS INC.#3GENASYS.COM genasys Genasys Overview Video 3 • COPYRIGHT 2024 ⚫ GENASYS INC.#4Ready when it matters Genasys at a Glance | Nasdaq: GNSS Annual Revenue Our Customers Governments, Public 200 Worldwide Employees $26.3 M $54 M $47.0 M $46.7 Safety Agencies & Military $43.0 M State, Local, Education 7 20% CAGR Enterprise Global Offices $37.0 M FY18 FY19 FY20 FY21 FY22 FY23 (9/30 fiscal year) GENASYS.COM + $85M Market Cap¹ $13.1M Cash2 $0 Debt 1. As of March 12, 2024 2. As of 12/31/23; Cash includes cash equivalents & marketable securities COPYRIGHT 2024 GENASYS INC.#5Introducing Protective Communications Redefining Mass Notification with a comprehensive, reliable, and redundant platform EVAC SND 80254 Genasys SND 200 SNO-0262 SND 60275 ° 00 60 Scratch Fire Simulation SD-9280 ° IND-26 100 128 SND- Ce . Impacted zones Summary Mains View by hour 30 All - CO 03 zve 2003-2012 LRADⓇ Created Acoustic Hailing Device (AHD) market with LRAD 2018 IMNS Integrated Mass Notification (Hardware & Software) 2021 SaaS Evacuation & Emergency Management (Software) Hardware Innovations GENASYS.COM Strategic Software Acquisitions 5 2023 Genasys Protect PLAN OPTIMIZE ACT COPYRIGHT 2024 ⚫ GENASYS INC.#6Genasys Protect Packages ALERT EVAC ACOUSTICS Intelligent, location based multichannel mass notification Real time, zone- based planning and evacuation management Remotely managed, always-on voice message broadcast system GENASYS.COM CONNECT (Evertel) TRAFFIC AI (Ladris) THREAT DETECTION (3rd Party Partners) CO 6 COPYRIGHT 2024 GENASYS INC.#7Recent Highlights . • Selected to provide comprehensive Early Warning System (EWS) for 37 dams on the island of Puerto Rico. The $60 million to $70 million solution includes both Genasys Protect software and ACOUSTICS, integrated with sensors and communication equipment. Chosen for multi-year statewide CONNECT contract with the Utah Department of Corrections Won 5-year Genasys Protect EVAC contract with Los Angeles County, the nation's most populous county spanning more than 4,000 square miles Expanded contracts with Marin and San Mateo counties in California to include Traffic Al, powered by Ladris Genasys named a Strong Performer in The Forrester Wave™: Critical Event Management Platforms, Q4 2023 report GENASYS.COM 7 COPYRIGHT 2024 ⚫ GENASYS INC.#8PUERTO RICO Early Warning System (EWS) - 37 Dams $60-$70 million over ~18 Months Genasys Acoustic Coverage Map Isabela Bor nquen Aguadilla Aguada Rincon San Sebastián (129 Mayagüez Arecibo Barceloneta. 129 Ut: Co San Juan Caroli 137 Luquillo Guanab 159 Fajar 52 185 Ceiba Caguas Juncos Nabo Cidra Humacao Cabo Rojo Piaz BocJerón Ya 901 P Pole Ojea Guavama Guaca Santa Isabel GENASYS.COM 8 Levels Leq,d in dB(A) 60-70 70 75 75-80 80 85 >=85 • • • • Scope: Engineer, Procure and Construct (EPC) software and hardware (speakers, dam sensor instrumentation and comm links), set up EOCs, and train personnel to maintain/operate system Fully Funded by FEMA: $94.3M "The Federal Emergency Management Agency (FEMA) approved over $41.3M for construction phase of the Early Warning System (EWS) for 17 dams in 12 municipalities... In August 2023, FEMA approved an initial EWS set in 20 dams, totaling over $53M in funding." January 25, 2024. (FEMA release NR604) RFP issued: October 10, 2023 Proposal Submitted: January 19, 2024 Award Notification: February 9, 2024 • Protest Period Expiration: March 10, 2024 • Initial Construction Anticipated: September 2024 COPYRIGHT 2024 ⚫ GENASYS INC.#9GENASYS.COM Strong Pipeline Entering 2024 Hardware Pipeline Software Deal Count Pipeline >200% ■Sep-22 ■Sep-23 9 >150% ■Sep-22 ■Sep-23 COPYRIGHT 2024 ⚫ GENASYS INC.#10Numerous Opportunities for Growth GENASYS.COM US DoD/FMS Critical Infrastructure Public Warning Systems International Police/Military Protection 8 5 5 10+ $150M+ $80+M $50M+ $50M+ 10 10 COPYRIGHT 2024 ⚫ GENASYS INC.#11Genasys Protect Platform Used in Over 100 Countries Worldwide $5.5B+ Addressable Market¹ ● · • • Critical Infrastructure Protection (CIP) Energy (Oil & Gas) Utilities Heavy Manufacturing Large Entertainment Venues GENASYS.COM VOLVO M Unified Platform Genasys Protect, the first & only complete portfolio of Protective Communications Software and Systems GREEN BAY G PACKERS OSTON RED COUNTY OF LOS W ANGELES CALIFORNIA RIVERSIDE SOX COUNTY OF MAY 9, 1893 PORT HOUSTON™ UNIVERS aramco OF LIGHT ALIFORNI IRVINE VIN 1 See Appendix COPYRIGHT 2024 ⚫ GENASYS INC. 11#12Genasys will ensure that our customers are ready when it matters Moving at 60 miles an hour, wildfires can threaten numerous A water main break necessitates a boil-water order Extreme weather is predicted to flood multiple city blocks A hazardous chemical spill makes downwind areas uninhabitable Multiple bomb threats have been made against your municipality Infrastructure failure causes a citywide power outage A political protest is in danger of getting out of hand counties at once GENASYS.COM 12 COPYRIGHT 2024 ⚫ GENASYS INC.#13Events Drive Change • • • • 2000, USS Cole Attacked in Yemen, killing 17 sailors 2009, Australian Black Saturday Bushfires kill 173 people 2011, Japan Earthquake and Tsunami kill nearly 20,000 people 2017, Hurricane Maria devastates Puerto Rico killing nearly 3,000 people 2018, Camp Fire destroys towns of Paradise and Concow, killing 85 people US Navy orders all vessels to install AHDs to determine intent, while creating time and distance for decision making Australian government implements a nationwide two-way text warning system Japan installs >1,000 LRAD systems across the entire country. Puerto Rico, funded by FEMA, deploys emergency warning system including solar powered and satellite connected Genasys LRAD systems. 35 of 58 counties in California have licensed Zone Based Evacuation solutions GENASYS.COM 13 COPYRIGHT 2024 ⚫ GENASYS INC.#14Increasing coverage of CA with Genasys Protect Population Total: 39.5M Genasys: 25M Counties Total: 58 Genasys Protect: 36 Suite: 12 GENASYS.COM Brookings Crev rinity Nat Fores McDermitt Sheldon National Antelope Refuge Black Rock Desert High Rock Canyon Emigrant RAMID KE PAIUTE ERVATION Winnemucca Mill City DUCK VALLEY RESERVATION Elko Battle Mountain, Carlin Spring Creek IN PILOT/RFP YOLO Santa Barbara Alameda Calaveras Contra Costa Del Norte Humboldt NEVADA Chico Fernley Reno Fallon Austin Eureka Fort orest Santa Eldorado memo National Test 00 CO 街 THE SEAL OF THE S CALIFORNIA STATE OF C Coas Nation Monum EVAC Suite 14 Stanislau National Fore esno CALIFO WALKER RIVER RESERVATION Nation rest Long Be Tonopah rest San Inyo Kern Lake Lassen Baker Lund Beaver Cedar City Desert Natl Wildlife Range St George Mesquite Pahrump Las Vegas Henderson Grand Canyon-Parashant National Grand Monument Natid HUALAPAINDIAN RESERVATION Nat Kingman Mojave National Preserve Buead City ake Havasu City Pres Los Angeles Madera Marin Modoc Mono Monterey Napa Nevada Orange* Plumas Riverside San Benito San Diego San Francisco* San Luis Obispo San Mateo Santa Clara Santa Cruz Shasta Sierra Mexicali Tijuana CONNECT ADO RIVER VATION : Kofa National Wildlife Refuge Yuma San Luis Rio- Canad ACOUSTICS Siskiyou Solano Buckeye Sutter Tehama Tulare Yuba *partial COPYRIGHT 2024 GENASYS INC.#15Targeted Opportunities for Accelerated Growth Increased revenue drive by shifting mix towards higher margin SaaS SaaS Growth Drivers . Land and Expand Differentiated Solution Rapid Innovation and technical improvement Passionate customer support International expansion Partner channel GENASYS.COM Targeted Sources of Revenue Growth FY2023 SaaS (US) LRAD ACOUSTICS Int'l FY2026 15 COPYRIGHT 2024 ⚫ GENASYS INC.#16"Growth Spending" to support SaaS investment strategy impacting near-term EBITDA CAGR 20% $26.3M $37.0M $54.0M $47.0M $46.7M $43.0M FY18 FY19 FY20 FY21 FY22 FY23 Revenue GENASYS.COM 16 $4.7M SW $7.8M Investment $4.1M $2.6M ($0.4M) FY18 FY19 FY20 FY21 FY22 FY23 Adjusted EBITDA Strategic growth investment in SaaS starting in FY21 Note: Adjusted EBITDA - EBITDA plus share-based compensation ($6.8M)#17Long-term Target Model (Excluding PR Deal) Profitability improves with faster revenue growth, higher gross margin, and scale ■ Hardware Software 30% CAGR > $100M 2023A 2024E 2025E 2026E 2023A SW Investments Driving CAGR Improvement GENASYS.COM 17 Adjusted EBITDA >$20M Hardware Software ■Total 4 2024E 2025E 2026E HW Profit Reallocation Enabling SW Profit in FY 2026 COPYRIGHT 2023 GENASYS INC.#18Fiscal 2024 Outlook • Software revenues to more than double year over year Hardware revenues to approach fiscal 2022 levels, though heavily backend weighted. Adjusted EBITDA Loss to improve versus fiscal 2023. GENASYS.COM 18 COPYRIGHT 2024 ⚫ GENASYS INC.#19Thank you! (+1) 855 436 2797 www.genasys.com 16262 W. Bernardo Dr. San Diego, CA 92127 genasys#20Appendix Investor Presentation | August 2023 GENASYS.COM#21Management Team GENASYS.COM Richard S. Danforth, Chief Executive Officer Richard S. Danforth has over 30 years of defense and aerospace industry experience including executive leadership positions with two of the world's largest defense contractors, Raytheon Company (NYSE: RTN), and DRS Technologies Inc, a wholly owned subsidiary of Leonardo-Finmeccanica (BIT: LDO). Dennis D. Klahn, Chief Financial Officer Dennis D. Klahn has more than 30 years of accounting, finance and operations experience, which includes serving as Controller or CFO at several publicly traded companies, including Teledyne Technologies (NYSE: TDY), ISE Corporation, Overland Storage, Anacomp, and International Lottery & Totalizator Systems. 21 COPYRIGHT 2024 ⚫ GENASYS INC.#22Genasys Protect The Unified Protective Communications Platform Genasys Protect combines the most comprehensive PLAN (preparedness), ACT (response) and Optimize (analytics) solutions to keep people, assets, and operations protected against the impacts of natural disasters, terrorism, violent civil unrest, and other dangerous situations, as well as power failures, facility shutdowns, and other non- emergency operational disruptions. OPTIMIZE PLAN Connect, build and simulate data, zones, response plans & drills Analyze zone coverage, response times, data, processes and training to improve future response readiness ACT Alert, adapt & orchestrate notification systems, response assessments, coordination and collaborations GENASYS.COM 22 22 COPYRIGHT 2024⚫ GENASYS INC.#23Genasys Protect The Complete Protective Communications Platform Genasys Protect is the first & only complete portfolio of Protective Communications Software and Systems, designed around one premise: ensuring organizations & public safety agencies are ready when it matters. GENASYS.COM Proven Technology Genasys solutions have been on the front lines for more than 40 years, providing optimal response with precision-targeted communications that ensure the right people get the right message - right away. Modular Suite Built on open standards, Genasys software and hardware systems are easy to integrate, whether you're using the full suite or complementing the notification platforms you already have in place. Predictive Simulation Test response plans preemptively with advanced simulation of evacuation- level events, like fires and floods, and their impact on infrastructure, including traffic patterns and perimeter establishment. Unified Viewpoint One common safety operating picture provides real-time visibility into your people, assets, and environment by combining first-party data from asset and people-management platforms and loT sensors with vetted third-party data sources, including FEMA, NOAA, DHS, and more. Unmatched Precision Customized zone mapping enables pinpoint targeting of mass notifications down to the street level, making it easy to sequence response areas from most to least critical. Multi-channel Saturate your notification area by simultaneously alerting people across SMS, voice calls, social media, TV, radio, digital signage, website, mobile app and outdoor acoustic devices. Network Effect Implementation in neighboring municipalities as well as public- and private-sector organizations within the same municipality extends coverage and enables greater precision when notifying people of threats. COPYRIGHT 2024 GENASYS INC.#24$5.5B+ Addressable Market Sources: • . • Frost & Sullivan - Unified Critical Communications Market Analysis Gartner - Market Guide for Emergency/Mass Notification Services Solutions Avascent - AHD and MNS Market Assessments • • Barnes Reports National Centers for Environmental Information Brookings Research - Global manufacturing scorecard Northland Research 5.14.2021 • • Includes cross section of Zonehaven subscriptions to date GENASYS.COM 24 24 COPYRIGHT 2024 ⚫ GENASYS INC.#25Additional Resources Genasys Overview Video Genasys Protect Product Demo Video Protective Communications: Extending the Capabilities of Today's Mass Notification Systems GENASYS.COM 25 25 COPYRIGHT 2024 ⚫ GENASYS INC.#26Proposed Design for Puerto Rico Dams Genasys Protect The Unified Protective Communications Platform Web Interface External Systems GENASYS.COM (Data, Sensors, Alerts) 0 Mobile App EOC Centralized Command & Control Other Applications Alerting Channels Satellite Link Open Standards Cellular / IP / Radio Link Genasys Protect Acoustic Speaker Arrays Platform IPAWS 16:40 AM 26 26 Travelers Stations / Signage Lighting Rod Text Messages Acoustic Devices / Sirens Voice Calls E-Mail Mobile APP Solar Panels Satellite Link Control Box AC Power COPYRIGHT 2024 ⚫ GENASYS INC.#27Wilderness Area Valley Wilderness Pioneertown Yucca Valley Twentynine Palms COUNTY OF RIVERSIDE C Sun MAY 9 THE T NSAN DIEGO E NOBLEST MOTIL 1893 nter Vidal Junction 95 Mesa Verde Blythe Ripley San Diego & Riverside Genasys Protect Opportunity As a comprehensive platform, Genasys Protect creates differentiated opportunities. Comprehensive critical communication systems and solutions needed to replace ad hoc offerings Appeal of Genasys Protect full incident management lifecycle capability The growing need for an all-inclusive platform to communicate, collaborate and coordinate emergency responses during cross- jurisdictional crises Increasing synergistic opportunities for the Genasys Protect platform GENASYS.COM San Bernardino Ontario Bernardino 10 National Forest Riverside Moreno Valley Beaumont 10 (241) Corona n Juan bistrano an Clemente 7 Perris 74 San Jacinto Hemet Cake Elsinore 215 Murrieta Temecula Oceanside Vista Casbad 15 Desert Hot Springs 10 Palm Springs Anza 74 (371 Palm Desert Indio La Quinta (111 Joshua Tree National Park 111 Salton Se 76 Palomar Mountain 79 Pauma Valley Salton Cit Warner Springs Borrego Springs Ranchita Escondido 78 Julian Ramona, San Diego 79 67 Alpine El Cajon 125 Chula Vista (905) Tijuana 5.7 M People Anza-Borrego Desert State Park Mt Laguna Cleveland National Forest Ja umba Ос Campo Hot Springs recate 2 Colonia Luis Echeverría La Rumorosa 11,564 Square miles 27 27 Cibola ster ng San Luis Rin $11.2 M Combined bookings $1 M+ in ARR Po LORAD RESERV Martinez L terhaven Yuma 95 Fort Foot on 195#28Public-facing mobile app Meet users wherever they are and keep them informed on response status Empower the public with the Genasys Protect mobile app. Disseminate location-based aggregated information to mobile users Augment standard emergency communications channels with purpose- built technology Help community members understand and track what is happening in their own and surrounding geographic zones 9:41 Home 三 9:41 Search an address or zone Check your current location and followed zone 009 06 BUR-E007 CURRENT LOCATION Zone HUM-E160 Humboldt Redwoods State Park west side Status EVACUATION WARNING current location MY FOLLOWED ZONE Zone More details > پاس 9:41 Search an address or zone BUR-E008 5 Zone HUM-E160 0: Humboldt Redwoods State Park west side 00! Status EVACUATION ORDER current location More details > Following M- HUM-E160 Humboldt Redwoods State Park west side HB-E005 Status EVACUATION ORDER More details > -E003 HB-E006 California B-E007 UU SM-E021 川 All set! You will be notified about your current location. SN SM-E006 009 SM-E024 Got it S SM-E014 SM-E008 SM-EO. SMC-E045 SM-E029 GENASYS.COM SM-E006 > HB-E009 About Genasys Protect > Feedback FAQ ه Privacy Policy P + EO SMC-E045 SM-I !!! S SM-EGU SM-E005 C-E001 BEL-Euu BEL-E001 目 雪+13 3 My Aware Map Fires Home Map Fires Home Map 28 COPYRIGHT 2024 GENASYS INC. Fires#29Global Automakers | Safer Manufacturing Enterprise critical communications solution integrated into existing ERP system The Winning Solution . . Integrated with active directories, HR, visitor management or building control systems Multichannel communications to workers, contractors and visitors Automatic updates on an employees' status or location Speeds incident and security breach reports Enables managers to quickly respond and deploy incident resources 28,000+ Employees receiving life safety and critical event notifications in 11 states & 3 countries GENASYS.COM 29 29 COPYRIGHT 2024 GENASYS INC.#30. Large Entertainment Venue | Boston Red Sox Delivering critical communications to team members, staff and spectators The Winning Solution . Multichannel public safety alerts Implementing QR-code alerting Genasys unique Auto Discovery feature sends notifications to fans via WiFi 66 We are excited to partner with Genasys Inc. to improve emergency communications for the millions of visitors that attend Fenway Park events every year. The safety of our fans, players and employees is a top priority of the Red Sox and being able to communicate quickly and efficiently across multiple channels in the case of an emergency is a critical tool in ensuring an inclusive, safe and memorable experience for all. Brian Shield Red Sox Vice President for Information Technology GENASYS.COM 30 30 FENWAY PARK#31• EVERTEL More than Slack for Cops The Leading Collaboration Platform for Public Safety Founded in 2017 by a retired major city police chief, Evertel is an established SaaS collaboration platform built for public safety/government that includes: Real time intelligence sharing • Instant cross agency collaboration (interoperable) • Encrypted, secure and compliant messaging (FOIA, CJIS, HIPAA) All on existing mobile phones and desktops • 215 Customers, 18,839 paid seats #SQUAD-45N EVERTEL ROOMS TEAM 27 # CASE 298.1B RANK #LEADERSHIP PDF EVENT #4TH OF JULY The leading cross-agency collaboration platform for public safety Evertel is your agency's all-in-one public safety collaboration tool-bringing agencies together with real-time updates and organized intelligence sharing. GENASYS.COM 21 Law Enforcement Establish true interoperability with instant intelligence sharing and organized chatrooms Fire & Rescue Coordinate your efforts and get all of the information you need-before you're on scene EM Emergency Management Address crisis events faster than ever with a stronger communications and coordination network Government Stay informed with immediate updates from your public safety agencies and first responders COPYRIGHT 2023 GENASYS INC.#32Thank you! (+1) 855 436 2797 www.genasys.com 16262 W. Bernardo Dr. San Diego, CA 92127 genasys