GCT Semiconductor Q3 revenue $2.6M, down 42% YoY; 5G chipset shipments H1 2025

GCT Semiconductor Holding, Inc.

2024-Q3 EPS reported -$0.19 revenue$7,343,000

Net revenues $2.6M, down 42% YoY from $4.5M, but up 78% sequentially; gross margin improved to 62% from 12%.
Extended ~$22.6M of current liabilities into 2025; repaid $2.5M bank borrowings and $1.0M promissory notes.
Cash and equivalents $1.8M; in active discussions with potential investors for additional capital.
Signed MOU with global tier one telecom supplier for Fixed Wireless Access devices using GCT's 5G chipsets.
Reiterates expectation to commence volume shipments of 5G chipsets in first half of 2025.

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