GSI Technology Q1 net loss $4.0M; guides Q2 revenue $8.5M-$9.5M

GSI TECHNOLOGY INC

2023-Q1 EPS reported -$0.16 revenue$8,909,000

Revenue $8.9M, net loss $4.0M ($0.16 EPS) vs $8.8M and $4.2M loss YoY.
Gross margin improved to 60.2% from 54.4% in prior year quarter.
Nokia revenue fell to $1.3M (14.7% of sales) from $3.8M (42.7%) YoY.
Cash and short-term investments $41.5M, no debt; Q2 guidance: rev $8.5M-$9.5M, GM 61%-63%.
Searchium.ai SaaS platform expected for alpha launch in August 2022.

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