GCT reports Q3 revenue down 84% to $0.4M, highlights 5G chipset orders >2,500 units

GCT Semiconductor Holding, Inc.

Net revenues $0.4M vs $2.6M YoY; gross margin negative as overhead not absorbed by low revenue.
Initial 5G product revenue recognized in Q3; chipset orders exceed 2,500 units from lead customers.
First 5G network operator plans full-service activation before year-end 2025.
Secured $10.7M debt financing in September 2025; cash and equivalents $8.3M at quarter end.
Expects commercial 5G shipments to start late Q4 2025 or early Q1 2026.

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