GSI Technology Incurs Q2 Loss, Margins Down on Product Mix Shift [Yahoo! Finance]
GSI Technology, Inc. (GSIT)
US:NASDAQ Investor Relations:
gsitechnology.com
Company Research
Source: Yahoo! Finance
Revenues for the quarter were $4.6 million, a decrease from $5.7 million in the second quarter of fiscal 2024. The company attributed its results to changes in product mix and workforce reductions that influenced gross margins. GSI Technology's quarterly performance was defined by declining revenues, narrowing gross margins, and ongoing cost-reduction measures. Notably, the company executed strategic cost-cutting measures in the fiscal second quarter, anticipating annual savings of $3.5 million to improve cash flow. Management anticipates a potential demand recovery in the SRAM segment as customer inventories normalize, bolstering sales in future quarters. GSI Technology, Inc. price-consensus-eps-surprise-chart | GSI Technology, Inc. Quote The year-over-year dip in revenue was driven largely by reduced demand across key product lines. Sales to Nokia, amounted to $0.8 million, or 17.8% of total revenues, lower than the $1.2 million or 20.3% share in the prior-year quarter. Mil
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News
- GSI Technology to Participate Virtually in the 27th Annual Needham Growth Conference on January 17, 2025GlobeNewswire
- GSI Technology, Inc. (NASDAQ: GSIT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- GSI Technology Second Quarter 2025 Earnings: US$0.21 loss per share (vs US$0.16 loss in 2Q 2024) [Yahoo! Finance]Yahoo! Finance
- GSI Technology, Inc. (GSIT) Q2 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- GSI Technology, Inc. Reports Second Quarter Fiscal 2025 ResultsGlobeNewswire
GSIT
Sec Filings
- 11/1/24 - Form 10-Q
- 10/29/24 - Form 4
- 10/29/24 - Form 4
- GSIT's page on the SEC website