Gsi Technology Stock Price, News & Analysis

GSI Technology (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit for AI and high-performance parallel computing, will participate virtually in the 5th Annual Needham Semiconductor & SemiCap 1x1 Conference on August 21, 2024. Didier Lasserre, VP of Sales and Investor Relations, will represent the company in one-on-one meetings.

The conference is scheduled for August 21-22, 2024. Interested parties should contact their Needham representative for meeting arrangements. GSI Technology's presentation webcast will be available on the company's website under the Events and Presentations tab.

GSI Technology is also known for providing high-performance memory solutions for networking, telecommunications, and military markets.

GSI Technology (Nasdaq: GSIT) reported Q1 fiscal 2025 results with net revenues of $4.7 million, down from $5.6 million in Q1 fiscal 2024. The company posted a net income of $1.1 million, or $0.04 per diluted share, compared to a net loss of $(5.1) million in the same period last year. This includes a one-time gain of $5.7 million from a sale and leaseback transaction. Gross margin decreased to 46.3% from 54.9% year-over-year. Cash on hand increased to $21.8 million. The company is focusing on new business lines with Gemini-I and Gemini-II, including a GXL platform for Fast Vector Search and expanding DOD SBIR proposals. For Q2 fiscal 2025, GSI Technology expects net revenues between $4.2 million to $4.8 million with a gross margin of 44% to 46%.

GSI Technology (Nasdaq: GSIT), renowned for its Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing, and as a leading provider of high-performance memory solutions for various markets, will disclose its fiscal first quarter 2025 results on July 25, 2024, after market close. The results will pertain to the quarter ending June 30, 2024.

A conference call to discuss the results and the outlook for the second quarter of fiscal 2025 will be held at 1:30 PM Pacific Time (4:30 PM Eastern Time) on the same day. Interested parties can join via phone or live internet stream, with a replay available until August 1, 2024.

GSI Technology, Inc. reiterates key points from Q4 FY2024 earnings call, emphasizing the launch of Gemini-I servers for SAR and Fast Vector Search applications, Rad Hard shipment to ESA, sale of headquarters, strategic review for stockholder value, and positive results with Gemini-II chip testing. CEO Lee-Lean Shu highlights significant enhancements in Gemini-II's performance and memory capacity for edge applications.

GSI Technology, Inc. reported financial results for Q4 and FY 2024, showing a net loss and decreased revenue compared to FY 2023. The company launched new servers and aims for product innovation while considering strategic alternatives to enhance stockholder value. Operating loss, gross margin, and expenses were highlighted in the PR. GSI plans to sell property to strengthen financial standing and extend operational runway. The outlook for Q1 FY 2025 indicates expected net revenues and gross margin. The company's financial status, strategic review, and future plans were key points in the PR.