---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-004150"
form_type: "8-K"
ticker: "GSIT"
cik: "0001126741"
company_name: "GSI TECHNOLOGY INC"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:10:58.362087+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GSI Tech Q1 revenue $4.7M, net income $1.1M from sale-leaseback gain; guides Q2 rev $4.2-4.8M

## Summary
- Net revenues $4.671M, down from $5.587M YoY; gross margin 46.3% vs 54.9%.
- Operating loss $4.657M; net income $1.078M ($0.04 diluted EPS) includes $5.7M one-time sale-leaseback gain.
- Cash and equivalents $21.8M, up from $14.4M at March 31, 2024; working capital $25.7M.
- Q2 FY2025 guidance: net revenues $4.2M-$4.8M, gross margin approximately 44%-46%.
- Board reduced from 7 to 6 members effective at 2024 annual meeting after director not standing for reelection.

## SEC filing metadata
- accession: 0001171843-24-004150
- form_type: 8-K
- ticker: GSIT
- cik: 0001126741
- company_name: GSI TECHNOLOGY INC
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126741/000117184324004150/0001171843-24-004150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126741/000117184324004150/f8k_072524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-004150
- JSON: https://secwatch.observer/filing/0001171843-24-004150.json
- Plain text: https://secwatch.observer/filing/0001171843-24-004150.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.