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GSIT GSI Technology News Story

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GSI Technology Q3 revenue rises, helped by demand for SRAM solutions

Overview

AI technology firm's fiscal Q3 revenue increased 12% yr/yr

Company reported a fiscal Q3 net loss of $3.0 mln

Company had announced POC with G2 Tech and government agencies, expecting $1 mln funding

Outlook

Company expects fiscal fourth-quarter net revenues between $5.7 mln and $6.5 mln

GSI Technology anticipates gross margin of 54% to 56% for fiscal fourth quarter

Company pursuing design wins for Gemini-II in defense and commercial edge deployments

Result Drivers

SRAM DEMAND - Revenue growth driven by sustained demand for SRAM solutions

GEMINI-II MILESTONES - Achieved key commercialization and validation milestones for Gemini-II

CASH INFUSION - Cash balance increased due to $46.9 mln net proceeds from Registered Direct Offering

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$6.08 mln
Q3 EPS-$0.09
Q3 Net Income-$3.02 mln
Q3 Operating Expenses$10.11 mln
Q3 Operating Income-$6.91 mln
Press Release: ID:nGNX3rjQq1 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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