GCT Semiconductor Holding, Inc. Reports Third 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 third quarter ended September 30, 2024.Third Quarter 2024 Financial Summary and Recent Operational HighlightsVolume shipments of 5G chipsets to commence in the first half of 2025, as previously guided.Net revenues of $2.6 million, a 77.8% sequential increase from last quarter, as product revenue rebounded ahead of the anticipated 5G ramp.Delivered a gross margin of 62.3%.In discussions with potential investors to provide additional capital as we prepare for commercial launch of our 5G products.Signed a memorandum of understanding (“MOU”) with a global tier one telecommunications supplier for a development collaboration on Fixed Wireless Access devices using GCT's 5G chipsets.“We are excited about the advancements we are making toward volume shipments of our 5
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GCTS
News
- GCT Semiconductor Holding, Inc. Signs Strategic Definitive Agreement with European Tier One Telecommunications SupplierBusiness Wire
- GCT Semiconductor Holding, Inc. to Attend the 13th Annual ROTH Technology Conference on November 20Business Wire
- GCT Semiconductor Holding, Inc. to Announce Third Quarter Financial Results and Hold Conference Call on November 14, 2024Business Wire
- Multi-Mode Chipsets Industry Report 2024: Total Revenue to Reach $18.4 Billion by 2030, with Smartphone Applications Continuing to Dominate Shares [Yahoo! Finance]Yahoo! Finance
GCTS
Earnings
- 11/14/24 - In-Line
GCTS
Sec Filings
- 12/16/24 - Form 4
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- GCTS's page on the SEC website