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
Metric
Beat/Miss
Actual
Consensus 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.)