Welcome to our dedicated page for Gsi Technology news (Ticker: GSIT), a resource for investors and traders seeking the latest updates and insights on Gsi Technology stock.
GSI Technology (NASDAQ: GSIT) specializes in advanced semiconductor solutions, including high-performance SRAM memory and innovative compute-in-memory architectures. This page serves as the definitive source for official company announcements and market-moving developments.
Investors and industry professionals will find curated updates spanning product launches, financial results, strategic partnerships, and technological breakthroughs. Our collection includes press releases related to the Gemini associative processing units, enterprise networking solutions, and applications across defense, telecommunications, and AI sectors.
All content is sourced directly from GSI Technology’s corporate communications, ensuring accuracy and timeliness. Bookmark this page for streamlined access to critical updates about memory technology innovations and semiconductor industry leadership.
GSI Technology, Inc. (NASDAQ: GSIT) reported its third quarter fiscal 2023 results, revealing net revenues of $6.4 million, down from $8.1 million a year earlier. Gross margin increased to 57.5% but operating loss widened to $4.8 million. The company anticipates fourth quarter revenues between $5.0 million and $5.6 million, with a gross margin forecast of 49% to 51%. Significant cost reduction initiatives aim for $7 million in annual savings. As of December 31, 2022, cash and equivalents were $35.2 million, showing a decline from the previous period.
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