GCT Semiconductor Q2 revenue $1.5M, down 65% YoY; 5G chipset on track for Q4 sampling

GCT Semiconductor Holding, Inc.

2024-Q2 EPS reported -$0.01 revenue$4,733,000

Net revenues $1.5M (down from $4.3M YoY); gross margin 63% vs 66%.
Cash and equivalents $4.0M; ELOC facility up to $50M with B. Riley available.
Restructured debt with extended maturities aligned to expected 2025 5G sales.
Announced MOU with Samsung, Kyocera collaboration, and Ligado band 54 LTE modules.
5G chipsets alpha deliveries expected Q4 2024; volume shipments in 1H 2025.

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