GSI Technology Q2 FY22 revenue $7.8M, net loss $(0.19)/share; Q3 guidance $7.2-8.2M

GSI TECHNOLOGY INC

2022-Q2 EPS reported -$0.36 revenue$16,588,000

Net revenues $7.8M (high end of guidance), net loss $(4.6M) or $(0.19)/diluted share.
Gross margin 53.6% vs 46.7% prior year; Q3 gross margin guided ~52-54%.
Nokia sales fell to $1.9M (23.8% of rev) from $3.4M (51.7%) a year ago.
Q3 FY22 revenue guided $7.2M-$8.2M; supply chain constraints to persist into next year.
Cash & investments $50.7M short-term, $2.8M long-term; no debt.

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