GSI Tech amends Q4/FY2022 results: cuts SG&A $1.3M, narrows net loss; guides Q1 revs $8.5-9.5M

GSI TECHNOLOGY INC

Revised Q4 net loss $(3.0M) ($0.12/diluted) on revs $8.7M; prior quarter net loss $(4.6M).
FY2022 net loss $(16.4M) ($0.67/diluted) on revs $33.4M vs FY2021 net loss $(21.5M).
SG&A reduced $1.3M due to revised contingent consideration forecast; gross margin improved to 55.5%.
Q1 FY2023 guidance: net revs $8.5M-$9.5M, gross margin 60%-62%; Rad Hard order expected.
Cash & investments $47.3M; no debt; Nokia sales $2.0M (23.1% of Q4 revs).

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