GSI Technology reports Q4 net loss of $4.3M, revenue $5.2M; initiates strategic review

GSI TECHNOLOGY INC

2024-FY EPS reported -$0.80 revenue$21,765,000

Q4 net loss $4.3M ($0.17 EPS) vs $4.0M loss year ago; revenue $5.2M down from $5.4M.
FY2024 net loss $20.1M ($0.80 EPS) on revenue $21.8M vs $29.7M prior year.
Agreed to sell Sunnyvale property for $11.85M cash; closing extended to June 10, 2024.
Initiated strategic review to maximize stockholder value; hired Needham & Company as advisor.
Q1 FY2025 revenue guidance $4.6M to $5.2M with gross margin 52%-54%.

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 0.9

GSI TECHNOLOGY INC reported fiscal year ended March 31, 2024 results: revenue $21.8 million, net income $(20.1) million, EPS $(0.80) per diluted share. Guidance initiated.

Period: fiscal year ended March 31, 2024
Revenue: $21.8 million
Net income: $(20.1) million
EPS: $(0.80) per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

For the fiscal year ended March 31, 2024, the Company reported a net loss of $(20.1) million, or $(0.80) per diluted share, on net revenues of $21.8 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GSI TECHNOLOGY INC reported fourth quarter of fiscal 2024 results: revenue $5.2 million, net income $(4.3) million, EPS $(0.17) per diluted share. Guidance initiated.

Period: fourth quarter of fiscal 2024
Revenue: $5.2 million
Net income: $(4.3) million
EPS: $(0.17) per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

The Company reported a net loss of $(4.3) million, or $(0.17) per diluted share, on net revenues of $5.2 million for the fourth quarter of fiscal 2024

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Source: SEC EDGAR

accession 0001104659-24-056378

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