GSI Technology enters $25M ATM offering, preliminary Q1 revenue $5.6M

GSI TECHNOLOGY INC

2024-Q1 EPS reported -$0.21 revenue$5,587,000

Entered into Sales Agreement with Needham & Company for at-the-market offering of up to $25 million of common stock.
Preliminary net revenue for Q1 ended June 30, 2023 estimated at $5.6 million.
Preliminary gross profit estimated at $3.1 million.
Commission rate 3.0% of gross sales price; sales may be made from time to time at prevailing market prices.
Company has no obligation to sell any shares and may suspend or terminate the agreement at any time.

item 1.01 item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GSI TECHNOLOGY INC reported three months ended June 30, 2023 results: revenue $5.6 million.

Period: three months ended June 30, 2023
Revenue: $5.6 million
Result: preliminary results

Exact text from the filing

The Company estimates its total net revenue for the three months ended June 30, 2023 will be $5.6 million.

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Source: SEC EDGAR

accession 0001104659-23-086400

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