GCT Semiconductor Holding, Inc. designs and supplies 5G and 4G LTE semiconductor solutions for wireless connectivity devices and network applications. Its system-on-chip platforms integrate radio frequency, baseband modem and digital signal processing functions for products such as CPEs, mobile hotspots, routers, M2M applications, smartphones, IoT modules and fixed wireless access equipment.
Company news centers on 5G chipset commercialization, commercial shipments, customer qualification, licensing and reference-platform agreements, and collaborations tied to satellite, non-terrestrial network and terrestrial wireless connectivity. Updates also cover quarterly financial results, business outlook commentary, partner demonstrations at industry events, and the expansion of GCT’s 5G customer and module ecosystem.
GCT Semiconductor Holding (NYSE:GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, has scheduled its second quarter 2025 financial results announcement for August 12, 2025, after market close.
The company will host a conference call and live webcast at 4:30 p.m. ET on the same day to discuss the financial results and provide a business update. The event will include a Q&A session and will be accessible to the public through advance registration. A webcast replay will be available in the Investors section of GCT's website.
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 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.