secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K/A
Filed at:   2022-06-29T23:59:59+00:00
Accession:  0001171843-22-004620
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000117184322004620/0001171843-22-004620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000117184322004620/f8ka_062922.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-004620

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