secwatch.observer — SEC 8-K summary
======================================

Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001171843-22-005118
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000117184322005118/0001171843-22-005118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000117184322005118/f8k_072822.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005118

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