GSI Technology Q1 revenue $8.8M, net loss narrows to $4.2M; guides Q2 revenue $6.9-7.9M

GSI TECHNOLOGY INC

2022-Q1 EPS reported -$0.17 revenue$8,791,000

Net revenues $8.8M, up 33% YoY from $6.6M; gross margin 54.4% vs 46.1% a year ago.
Net loss $(4.2M), or $(0.17)/diluted share, improved from $(6.1M) loss in Q1 FY2021.
SigmaQuad sales grew to 63.6% of shipments (vs 46.3% YoY); Nokia accounted for 42.7% of revenue.
Q2 fiscal 2022 guidance: revenue $6.9-7.9M, gross margin 51-53%, citing supply chain/COVID headwinds.
Shipped first radiation-tolerant devices for prototype satellite; became Amazon OpenSearch partner.

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