---
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"
generated_at: "2026-06-02T23:55:24.977276+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-056378
- JSON: https://secwatch.observer/filing/0001104659-24-056378.json
- Plain text: https://secwatch.observer/filing/0001104659-24-056378.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1126741/000110465924056378/0001104659-24-056378-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1126741/000110465924056378/0001104659-24-056378-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.