Gsi Technology Stock Price, News & Analysis

GSI Technology, Inc. (NASDAQ: GSIT) reported its financial results for the first fiscal quarter ending June 30, 2021. Net revenues reached $8.8 million, up from $6.6 million year-over-year. Gross margin improved to 54.4% due to higher SigmaQuad sales. The net loss narrowed to $(4.2 million) or $(0.17 per share), in contrast to $(6.1 million) in the same period last year. Future guidance indicates net revenues of $6.9 million to $7.9 million for Q2 2022, impacted by supply chain challenges and COVID-19 effects.

GSI Technology, Inc. (Nasdaq: GSIT) will release its first quarter fiscal year 2022 financial results on July 29, 2021, after market close. The subsequent conference call will take place at 1:30 p.m. Pacific Time to review results and discuss the second quarter outlook. Interested participants can join via phone or online. GSI, known for its high-performance memory solutions and the Gemini Associative Processing Unit for AI applications, has a focus on innovation in semiconductor memory technology.

GSI Technology, Inc. (NASDAQ: GSIT) reported financial results for Q4 and FY 2021, ending March 31, 2021. Q4 net revenues were $7.7 million, up from $6.8 million in Q3 but down from $8.5 million a year ago. The company recorded a net loss of $5.0 million, or $0.21 per share. FY 2021 net revenues totaled $27.7 million, a decline from $43.3 million in FY 2020, with a net loss of $21.5 million. Gross margin declined to 47.7%. Looking forward, GSI expects Q1 FY 2022 revenues between $8.1 million and $9.1 million, with a gross margin of 54-56%.

GSI Technology, Inc. (Nasdaq: GSIT) will announce its fourth quarter fiscal year 2021 financial results on May 6, 2021, after market close. The results will cover the period ending March 31, 2021. Management will hold a conference call at 1:30 p.m. Pacific Time to discuss the results and provide an outlook for Q1 of fiscal 2022. The call can be accessed via phone or live-streamed online. A replay will be available from May 6 to May 13, 2021. GSI specializes in SRAM semiconductor memory solutions and recently launched innovative products for AI applications.

GSI Technology, Inc. (Nasdaq: GSIT) has partnered with Space Micro to develop a real-time data sorting inference processing unit (IPU) board for NASA’s Earth observation missions. This Phase 1 contract aims to enhance processing power to manage the large data outputs from advanced sensors in space. The IPU is designed to offer superior parallel processing capabilities, enabling potential NASA missions involving both manned and unmanned platforms. GSI’s Gemini® APU is integral to this advancement, showcasing its application in high-performance space computing technology.

GSI Technology, Inc. (Nasdaq: GSIT) announced participation in the MicroCap Rodeo's Winter Wonderland Conference on February 17, 2021, featuring a presentation by CFO Doug Schirle and VP Didier Lasserre.

The conference, held from February 16-19, includes virtual presentations and one-on-one meetings for institutional investors. GSI was recommended by Roumell Asset Management, contributing to its recognition in the micro-cap investment community. The company specializes in high-performance memory solutions and the innovative Gemini Associative Processing Unit for AI applications.

GSI Technology (GSIT) reported its third fiscal quarter results for December 31, 2020, revealing a net revenue of $6.8 million, down from $10.0 million year-over-year. The gross margin fell to 47.3% from 60.2%. Operating expenses remained stable at $8.3 million, leading to a net loss of $5.2 million or $(0.22) per diluted share. The company cited ongoing impacts from the COVID pandemic as a challenge, while also noting progress with its Gemini APU product. For the upcoming fourth quarter, GSI expects revenues between $6.8 million and $7.8 million, with gross margins around 48% to 50%.

GSI Technology, Inc. (Nasdaq: GSIT) is set to announce its financial results for Q3 FY2021 after market close on January 28, 2021. The conference call will start at 1:30 PM PT, where management will discuss the financial outcomes and the outlook for Q4 FY2021. GSI, a provider of high-performance memory solutions and the Gemini® Associative Processing Unit (APU) for AI, recently launched advanced products for extreme environments, enhancing its commitment to innovative technologies. For more details, visit www.gsitechnology.com.

GSI Technology, Inc. (GSIT) has won first prize in the MAFAT Radar Challenge, receiving a $25,000 Grand Prize for successfully classifying radar signals of humans versus animals using their Gemini Associative Processing Unit (APU). The challenge, sponsored by the Israeli Ministry of Defense, attracted over 1,000 participants and involved analyzing over 6,656 radar segments. This achievement showcases GSI's capabilities in AI and chip design, particularly for complex applications. The company continues to lead in high-performance memory solutions for various sectors.