GCT Semiconductor Holding, Inc. Reports First Quarter 2024 Financial Results
GCT Semiconductor Holding, Inc. (GCTS)
Company Research
Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)--GCT Semiconductor Holding, Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today reported financial results for the first quarter ended March 31, 2024.First Quarter 2024 Financial Summary and Recent Operational HighlightsRevenues up by 7% as compared to the same quarter in 2023, to $3.3 million.Income from operations of $7.2 million due to an operating gain of $14.6 million on extinguishment of liability attributable to a termination under the Company’s development agreement with Samsung. This resulted in greater efficiency and cost savings, as GCT has partnered with Alpha Holdings Co., LTD (“Alpha Holdings”) to further progress the Company’s 5G chipset on Samsung’s Foundry. GCT’s products and product features have not changed as a result of these contract changes and the 5G products will still be manufactured at Samsung’s 8nm wafer line.Announced a MOU with Aramco to acce
Show less
Read more
Impact Snapshot
Event Time:
GCTS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GCTS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GCTS alerts
High impacting GCT Semiconductor Holding, Inc. news events
Weekly update
A roundup of the hottest topics
GCTS
News
- GCT Semiconductor Announces the World’s First Highly Integrated Multi-Mode LTE Chipset Supporting the 450 MHz SpectrumBusiness Wire
- Aramco and GCT Semiconductor Holding, Inc. Sign MOU to Accelerate the Development of the 4G and 5G Ecosystem in Saudi ArabiaBusiness Wire
- GCT Semiconductor Appoints Nelson C. Chan to Board of DirectorsBusiness Wire