secwatch.observer — SEC 8-K summary
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Issuer:     GCT Semiconductor Holding, Inc. (GCTS)
CIK:        0001851961
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0000929638-25-001868
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GCT Q1 revenue $0.5M (-84.8% YoY); net loss $7.0M; 5G sampling starts end of May
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- Q1 net revenue $0.5M, down 84.8% YoY; net loss $7.0M vs net income $0.8M a year ago.
- Gross margin fell to 17.7% from 59.8% YoY; operating expenses rose 248.2% due to prior-year one-time gain.
- Cash and equivalents $1.0M at March 31; filed $200M shelf registration including $75M ATM facility.
- 5G chipset sampling to begin end of May; signed LOI with Orbic for Verizon-certified 5G module.
- Management expects 5G volume shipments in H2 2025 with ASP ~4x 4G to improve revenue and margin.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851961/000092963825001868/0000929638-25-001868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851961/000092963825001868/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-25-001868

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