GCT Semiconductor Holding, Inc. Stock Price, News & Analysis

GCT Semiconductor (NYSE: GCTS) has announced a collaboration with Iridium Communications (NASDAQ: IRDM) to integrate Iridium NTN Direct service into GCT's GDM7243SL chipset. The partnership focuses on developing a new Iridium network-enabled NB-IoT chipset based on 3GPP Release 19 requirements. The collaboration aims to enhance GCT's existing 4G/5G chipset capabilities to support Iridium NTN NB-IoT, targeting applications in trackers, satellite phones, and IoT solutions. The companies will jointly explore business opportunities, use cases, and commercial deployment requirements for the new chipset, which is designed to integrate satellite technologies into 5G Advanced networks.

GCT Semiconductor (NYSE: GCTS) and Giesecke+Devrient (G+D) have partnered to develop an advanced SGP.32 eSIM solution with Integrated Profile Activation Device (IPAd) support for IoT devices. The collaboration integrates eSIM technology directly into GCT's 4G and 5G chipsets, enabling intelligent, location-aware connectivity for headless IoT devices. This integration allows for out-of-box connectivity and flexible lifecycle management without requiring physical SIM swaps or user intervention. G+D, which introduced the first eSIM in 2012 and has provided over 500 million eSIM downloads, brings its expertise in GSMA SGP.32 certification to ensure secure and interoperable connectivity worldwide. GCT will incorporate this capability into all future 4G & 5G chipsets.

GCT Semiconductor (NYSE: GCTS) has announced a registered direct offering to raise approximately $11 million through the sale of 7,006,370 common shares and warrants. The combined purchase price is set at $1.57 per share with accompanying warrants. The warrants, exercisable at $1.71 per share, will become active after six months and expire in 5 years. The offering, expected to close around May 16, 2025, is being managed by Roth Capital Partners as the exclusive placement agent. The company plans to use the proceeds for working capital and general corporate purposes.

GCT Semiconductor (NYSE: GCTS) reported its Q1 2025 financial results and provided key business updates. The company is preparing to begin 5G chipset sampling to customers by the end of May 2025. Key developments include signing a letter of intent with Orbic North America for joint development of Verizon-certified 5G mobile hotspot and FWA gateway products. Financial results showed net revenues of $0.5 million, down 84.8% YoY, with a gross margin of 17.7%, decreasing 42.1 percentage points. The company reported a net loss of $7.0 million. GCT's liquidity position includes $1.0 million in cash and cash equivalents. The company expects its 5G transition to positively impact revenue and margins in H2 2025, with 5G products commanding approximately 4x the average selling price of 4G offerings. GCT has filed a shelf registration for up to $200 million, including a $75 million ATM facility.

GCT Semiconductor Holding, a leading designer and supplier of advanced 5G and 4G semiconductor solutions, has scheduled its first quarter 2025 financial results announcement for May 14, 2025, after market close.

The company will host a conference call and live webcast at 4:30 p.m. ET (1:30 p.m. PT) on the same day. During this event, management will provide a business update and review financial results, followed by a Q&A session.

Interested participants can register in advance for the call, while those who prefer to listen only can access the webcast through the provided link. A replay of the webcast will be made available through the Investors section of GCT's website at investors.gctsemi.com.

Orbic North America and GCT Semiconductor (NYSE: GCTS) have signed a letter of intent (LOI) to jointly develop and supply Orbic-branded mobile hotspot and FWA gateway products using Verizon-certified 5G modules based on GCT's new 5G chipset.

The partnership framework includes volume purchase terms for supply to Verizon and other operators worldwide. The initial phase will focus on devices for the Verizon network, with plans to expand to other operators globally. GCT will provide technical expertise and chipsets for volume production.

As part of this initiative, Orbic is constructing a new manufacturing facility in Hauppauge, NY, for producing CPEs, mobile hotspots, smartphones, and tablets. The partnership remains subject to negotiation and execution of definitive agreements.

GCT Semiconductor (NYSE: GCTS) has announced its Q4 and full year 2024 financial results while launching its '2025GCT' program to mark the 'Year of 5G'. The company expects to commence 5G chipset shipments in H1 2025, partnering with notable companies including Globalstar, Samsung Electronics, and Kyocera.

Financial highlights for Q4 2024:

• Net revenues: $1.8M (down 57.4% YoY)
• Gross margin: 32.3% (down 12.0 points YoY)
• Net loss: $5.0M (improved 51.1% YoY)

Full Year 2024 results:

• Net revenues: $9.1M (down 43.0% YoY)
• Gross margin: 55.6% (up 13.6 points YoY)
• Net loss: $12.4M (improved 44.9% YoY)

The company reduced its debt by nearly 50% during 2024 and maintains liquidity of $1.4M in cash and equivalents, $5.7M in net accounts receivable, and $3.0M in inventory.

GCT Semiconductor Holding (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, has scheduled its fourth quarter and full year 2024 financial results announcement for March 25, 2025, after market close.

The company will host a conference call and live webcast at 4:30 p.m. ET (1:30 p.m. PT) on the same day. The event will include a business update, financial results review, and a Q&A session. Interested parties can access the webcast through the Investors section of GCT's website, with a replay available at investors.gctsemi.com.

GCT Semiconductor (NYSE: GCTS) and Globalstar have announced a strategic partnership to develop two-way satellite messaging systems for mobile devices and modules. The collaboration will utilize GCT's IoT chip GDM7243i in Globalstar's RM200M product, with future implementations incorporating GCT's 4G LTE chip GDM7243SL and 5G IoT-enabled chipset.

The partnership aims to enable seamless connectivity across cellular, private and satellite networks worldwide. Globalstar selected GCT's solution after evaluating multiple options, citing the narrowband and low-power capabilities of GDM7243i combined with the flexible multi-mode GDM7243SL as key factors.

Both companies will showcase their solutions at Mobile World Congress in Barcelona (March 3-6, 2025) and plan to collaborate on developing several LTE and IoT products to enhance Globalstar's solution portfolio.