{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-056378","form_type":"8-K","ticker":"GSIT","cik":"0001126741","company_name":"GSI TECHNOLOGY INC","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.375936+00:00","generated_at":"2026-06-02T23:55:24.977276+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"GSI Technology reports Q4 net loss of $4.3M, revenue $5.2M; initiates strategic review","bullets":["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%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-056378","json":"https://secwatch.observer/filing/0001104659-24-056378.json","markdown":"https://secwatch.observer/filing/0001104659-24-056378.md","text":"https://secwatch.observer/filing/0001104659-24-056378.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1126741/000110465924056378/0001104659-24-056378-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1126741/000110465924056378/tm2413258d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:55:24.977276+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0ddcdc3eedf8146db3d41cad31fb09e16c684985","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1126741/000110465924056378/0001104659-24-056378-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended March 31, 2024"},{"label":"Revenue","value":"$21.8 million"},{"label":"Net income","value":"$(20.1) million"},{"label":"EPS","value":"$(0.80) per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b7d8d6d55a361367abb0a1137d7164ef1b6bf01f","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1126741/000110465924056378/0001104659-24-056378-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of fiscal 2024"},{"label":"Revenue","value":"$5.2 million"},{"label":"Net income","value":"$(4.3) million"},{"label":"EPS","value":"$(0.17) per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}