secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0001171843-21-005288
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000117184321005288/0001171843-21-005288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000117184321005288/f8k_072821.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-005288

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