secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001104659-24-056378
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000110465924056378/0001104659-24-056378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000110465924056378/tm2413258d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-056378

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer