secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001171843-23-004738
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSI Tech Q1 net loss widens to $5.1M on revenue decline; guides Q2 rev $5.2-6.0M
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- Net revenues $5.6M, down 37% YoY from $8.9M; net loss $(0.21)/share vs $(0.16)/share YoY.
- Gross margin 54.9% vs 60.2% YoY; operating loss $(5.1M) vs $(3.9M).
- Cash, equivalents & ST investments $27.7M at quarter end, down from $30.6M; no debt.
- Q2 guidance: net revenue $5.2M-$6.0M, gross margin 56%-58%.
- Gemini-II tape-out on track for September quarter; new APU space wins announced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000117184323004738/0001171843-23-004738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000117184323004738/f8k_072723.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004738

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