GCT Semiconductor Holding, Inc. Reports Second 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 second quarter ended June 30, 2024.Second Quarter 2024 Financial Summary and Recent Operational Highlights5G chipset development progressing as projected with initial deliveries to alpha customers expected to commence during the fourth quarter of 2024.Net revenues decreased to $1.5 million, as the Company focused on its planned transition of product sales from 4G to 5G chips and is partially offset by the $1.2 million increase of service revenue.Announced an MOU with Samsung for collaboration to accelerate the development of 4G/5G chipsets and modules.Announced a collaboration with Kyocera to develop a 5G reference platform aiming to accelerate GCT’s development of 5G mmWave customer premise equipment (CPE) and fixed wireless access (FWA).GCT and Ligado Netwo
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
- Strategic Partnership of Five Tech Leaders for End-to-End Solutions Within 450MHz Ecosystems [Yahoo! Finance]Yahoo! Finance
- Strategic Partnership of Five Tech Leaders for End-to-End Solutions Within 450MHz EcosystemsBusiness Wire
- GCT Semiconductor Holding, Inc. to Present at the 2024 Gateway Conference on September 4thGlobeNewswire
- GCT Semiconductor gains as B. Riley starts coverage with Buy [Seeking Alpha]Seeking Alpha
- GCT Semiconductor Holding, Inc. (NYSE: GCTS) is now covered by analysts at B. Riley. They set a "buy" rating and a $8.00 price target on the stock.MarketBeat
GCTS
Sec Filings
- 9/27/24 - Form 4
- 8/23/24 - Form 4
- 7/5/24 - Form 4
- GCTS's page on the SEC website