GSI Technology Q2 revenue up 15% YoY to $9.0M; net loss narrows to $3.2M; guides Q3 revenue $6.3-7.3M

GSI TECHNOLOGY INC

2023-Q2 EPS reported -$0.29 revenue$17,862,000

Net revenues $8.95M, up 15% YoY; gross margin 62.6% vs 53.6% YoY.
Net loss $3.2M ($0.13/sh) vs $4.6M ($0.19/sh) a year ago.
Q3 guidance: revenue $6.3-7.3M, gross margin 53-55%, below Q2 levels.
Cash & investments $38.9M at Sept 30, 2022; no debt.
APU system approved by IAI/Elta; Searchium.ai SaaS platform live for trials.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GSI TECHNOLOGY INC reported second fiscal quarter ended September 30, 2022 results: revenue $9.0 million, net income $(3.2 million), EPS $(0.13) per diluted share. Guidance initiated.

Period: second fiscal quarter ended September 30, 2022
Revenue: $9.0 million
Net income: $(3.2 million)
EPS: $(0.13) per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

The Company reported a net loss of $(3.2 million), or $(0.13) per diluted share, on net revenues of $9.0 million for the second quarter of fiscal 2023

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Source: SEC EDGAR

accession 0001171843-22-006834

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