Overview
GSI Technology fiscal Q2 revenue grows 42% yr/yr, driven by demand for SRAM solutions
Net loss for fiscal Q2 narrows compared to prior year, reflecting improved financial performance
Company closes $50 mln direct offering to fund APU product line development
Outlook
Company expects Q3 net revenues between $6.0 mln and $6.8 mln
Company anticipates Q3 gross margin of approximately 54% to 56%
GSI Technology focuses on Gemini-II and Plato chip for edge AI market
Result Drivers
SRAM DEMAND - Revenue growth driven by strong demand for SRAM solutions
GEMINI-I VALIDATION - Cornell research validated Gemini-I APU's performance against NVIDIA's A6000 GPU with lower energy use
GEMINI-II DEVELOPMENT - Gemini-II APU development poised to enhance processing power and energy efficiency
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$6.44 mln
Q2 EPS
-$0.11
Q2 Net Income
-$3.18 mln
Q2 Operating Expenses
$6.72 mln
Q2 Operating Income
-$3.18 mln
Press Release: ID:nGNX98rmxW
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(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.)