GSI Tech Q2 rev $5.7M, net loss $(0.16)/share; guides Q3 rev $5.4-6.2M

GSI TECHNOLOGY INC

2024-Q2 EPS reported -$0.37 revenue$11,295,000

Net revenues $5.7M vs $9.0M YoY (-36%); net loss $(4.1M) vs $(3.2M) a year ago.
Gross margin 54.7% vs 62.6% YoY, driven by product mix shift.
Operating loss $(4.1M); cash & short-term investments $25.3M at Sep 30, 2023 (no debt).
Nokia sales $1.2M (20.3% of rev); military/defense 34.8% of shipments.
Q3 FY2024 guidance: net rev $5.4-6.2M, gross margin ~55-57%.

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 0.97

GSI TECHNOLOGY INC reported second fiscal quarter ended September 30, 2023 results: revenue $5.7 million, net income $(4.1 million), EPS $(0.16) per diluted share. Guidance initiated.

Period: second fiscal quarter ended September 30, 2023
Revenue: $5.7 million
Net income: $(4.1 million)
EPS: $(0.16) per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

calendar year, with sampling scheduled for the second half of the year.” Mr. Shu continued, “Turning to our financial results for the second quarter of fiscal 2024, revenue of $5.7 million was at the high end of our guidance. Also, it is worth noting that our second-quarter fiscal year 2023 revenue was boosted by inventory builds with several key customers, which

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Source: SEC EDGAR

accession 0001171843-23-006471

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