GSI Technology Q3 revenue $5.3M, net loss $0.26/share; guides Q4 rev $4.8-5.4M

GSI TECHNOLOGY INC

2024-Q3 EPS reported -$0.63 revenue$16,613,000

Net revenue $5.3M, down 18% YoY from $6.4M; net loss $6.6M ($0.26/diluted) vs $4.8M loss YoY.
Q3 operating expenses $9.7M include $2.4M charge for Gemini-II pre-production mask set.
Gemini-I radiation testing meets satellite needs; Gemini-II tape out completed, sampling targeted H2 2024.
Received $1.1M SBIR Direct-to-Phase II contract for Gemini-II; shipments for two new rad-hard SRAM programs.
Q4 fiscal 2024 revenue guidance $4.8-5.4M with 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 0.9

GSI TECHNOLOGY INC reported fourth quarter of fiscal year 2024 results: revenue net revenues in a range of $4.8 million to $5.4 million. Guidance initiated.

Period: fourth quarter of fiscal year 2024
Revenue: net revenues in a range of $4.8 million to $5.4 million
Guidance: initiated
Result: guidance update

Exact text from the filing

For the fourth quarter of fiscal year 2024, we anticipate net revenues in a range of $4.8 million to $5.4 million, with gross margin of approximately 55% to 57%.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GSI TECHNOLOGY INC reported third quarter of fiscal 2024 results: revenue net revenues of $5.3 million, net income net loss of ($6.6 million), EPS ($0.26) per diluted share.

Period: third quarter of fiscal 2024
Revenue: net revenues of $5.3 million
Net income: net loss of ($6.6 million)
EPS: ($0.26) per diluted share
Result: reported results

Exact text from the filing

The Company reported a net loss of ($6.6 million), or ($0.26) per diluted share, on net revenues of $5.3 million for the third quarter of fiscal 2024

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Source: SEC EDGAR

accession 0001171843-24-000418

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