Gsi Technology Stock Price, News & Analysis

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.

GSI Technology, Inc. (Nasdaq: GSIT), a prominent provider of high-performance memory solutions, announced that CFO Douglas Schirle and VP Didier Lasserre will host one-on-one meetings at the 23rd Annual Needham Virtual Growth Conference on January 12, 2021. They will also present in a group session from 2:45 to 3:25 p.m. Eastern Time. The conference runs from January 11-14, 2021. GSI specializes in semiconductor memory solutions and recently launched new products, including the Gemini Associative Processing Unit for AI applications.

GSI Technology (NASDAQ:GSIT) has appointed Gur Kimchi to its Advisory Board. Kimchi brings over a decade of experience from Amazon, where he co-founded the Prime Air drone project, and has previously held positions at Microsoft. His expertise in AI-powered systems and memory architectures is expected to enhance GSI’s strategic direction, especially for its innovative Gemini Associative Processing Unit. GSI aims to expand its Advisory Board, leveraging Kimchi's leadership to drive technology and market growth.

GSI Technology, Inc. (NASDAQ: GSIT) reported its second fiscal quarter financial results with a net loss of $5.2 million or $0.22 per diluted share on revenues of $6.7 million, a decline from $11.7 million in the same quarter last year. Gross margin decreased to 46.7% from 55.9% year-over-year. Sales to Nokia, representing 51.7% of revenues, fell compared to both the prior year and quarter. The company anticipates third-quarter revenues between $6 million and $7.2 million with a gross margin of 41% to 43%.

GSI Technology, Inc. (NASDAQ:GSIT) has appointed Kim Le to its Board of Directors, enhancing its financial expertise. Ms. Le is the CEO of A2Q2 Corporation and has over 25 years of experience in public accounting and corporate governance. Her background includes significant roles in auditing and compliance, notably with public firms. GSI anticipates her contributions will bolster its Audit Committee and overall corporate strategy. Established in 1995, GSI specializes in high-performance memory solutions and aims to innovate in the semiconductor market.