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

Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001171843-23-000507
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSI Tech Q3 revenue $6.4M, net loss $0.20/sh; guides Q4 rev $5.0-$5.6M
----------------------------------------------------------------------

- Revenue $6.4M vs $8.1M YoY and $9.0M prior qtr; net loss $4.8M ($0.20 diluted) vs $4.6M ($0.19) YoY.
- Gross margin 57.5% exceeded guidance high end; Q4 gross margin guidance 49%-51%.
- Cost reduction initiatives targeting $7M annual savings; layoffs implemented Nov 2022.
- Cash and investments $35.2M at Dec 31, down from $44.0M at Mar 31; no debt.
- Q4 fiscal 2023 guidance: revenue $5.0M-$5.6M; gross margin 49%-51%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000117184323000507/0001171843-23-000507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000117184323000507/f8k_012623.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-000507

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