secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001171843-23-006471
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000117184323006471/0001171843-23-006471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000117184323006471/f8k_102623.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-006471

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