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

GCT Semiconductor Holding, Inc. (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, has announced that it will release its financial results for the second quarter ended June 30, 2024, on Wednesday, August 14, 2024, after market close. The company will host a conference call and live webcast at 4:30 p.m. ET (1:30 p.m. PST) on the same day to discuss the results and other business matters.

Investors and interested parties can participate in the conference call by registering in advance. A webcast option is also available for those who wish to listen only. A replay of the webcast will be accessible through the Investors section of GCT's website at investors.gctsemi.com.

GCT Semiconductor and Ligado Networks have announced the commercial availability of GCT's Luna Cat-12 LTE module, which has received FCC certification. This module operates on LTE Band 54 spectrum (1670-1675 MHz) and is designed for critical infrastructure industries, such as utilities and enterprises, to build robust private networks.

The module features GCT’s GDM7243A chipset, offering 4G LTE (Cat 12) connectivity for various devices. It supports FDD Bands 2 and 66, as well as TDD Bands 48 and 54. The commercial release follows successful sampling with OEMs.

This development is seen as a significant step in enhancing the Band 54 ecosystem and provides new opportunities for creating secure private networks with licensed mid-band spectrum.

GCT Semiconductor and Kyocera have announced a collaboration to develop a 5G reference platform for customer premise equipment (CPE) and fixed wireless access (FWA) devices. The platform will integrate GCT’s 5G chipset and Kyocera’s 5G mmWave antenna module, aiming to accelerate the development of GCT's 5G mmWave CPE devices. Kyocera will provide financial support, enhancing GCT’s position in the 5G market. The platform will feature 4G (Category 15) and 5G (Release 16) functionalities, sub-6GHz and mmWave RF, and various connectivity interfaces. It is expected to launch in Q1 2025.

GCT Semiconductor Holding (NYSE: GCTS), a notable designer and supplier of advanced 5G and 4G semiconductor solutions, has been added to the Russell 3000® Index as part of the annual Russell reconstitution, effective July 1, 2024. This inclusion also brings GCT into the small-cap Russell 2000® Index and various growth and value style indexes. As of April 30th, the Russell indexes capture the 4,000 largest US stocks by market capitalization. This move is seen as a significant achievement for GCT, reflecting its successful NYSE listing and expected to enhance its visibility among a broader investor audience. Approximately $10.5 trillion in assets are benchmarked against Russell US indexes, highlighting their importance in the investment community.

GCT Semiconductor announces the world’s first highly integrated multi-mode LTE chipset supporting the 450 MHz spectrum, capable of operating in Cat 4, Cat 1bis, Cat-M1, Cat NB1/NB2, and non-terrestrial networks (NTN). The new SoC is optimized for mission-critical and public utility networks globally, promising extensive coverage over land, sea, and air. GCT leverages its two decades of expertise in 450 MHz solutions to help members of the 450 MHz Alliance tap into emerging markets. The GDM7243SL chipset, featuring dual RX and low-band dual TX, is designed to maintain connectivity in challenging conditions. It will be available for customer sampling in Q4.

GCT Semiconductor Holding (NYSE: GCTS) reported its financial results for Q1 2024, showing a 7% revenue increase to $3.3 million compared to Q1 2023. The company also reported a significant operating income of $7.2 million, attributed to a $14.6 million gain from terminating a development agreement with Samsung. This termination improved efficiency and cost savings, allowing GCT to continue 5G development with Alpha Holdings. GCT also announced a memorandum of understanding (MOU) with Aramco to develop the 4G and 5G ecosystem in Saudi Arabia.

Other notable points include GCT’s commencement of trading on the NYSE on March 27, 2024, and an equity line of credit agreement with B. Riley Securities for up to $50 million. Financial results show a gross margin improvement to 60%, despite a rise in R&D expenses by 512% to $5.5 million. General and administrative expenses also increased by 92% to $2.8 million. The company's liquidity includes $16.1 million in cash and $5.1 million in receivables, with plans to raise additional capital for future operations.