GSI Technology (GSIT) Q1 EPS Up Y/Y on Sale-Leaseback Deal [Yahoo! Finance]
GSI Technology, Inc. (GSIT)
US:NASDAQ Investor Relations:
gsitechnology.com
Company Research
Source: Yahoo! Finance
The company's net revenues for the quarter were $4.7 million, down from $5.6 million in the first quarter of fiscal 2024. The strategic sale and leaseback transaction provided a significant one-time boost to net income and improved the company's liquidity position. The decline in revenues can be attributed to lower sales of the company's SigmaQuad SRAM and other SRAM products, particularly to military prime contractors. Management's focus on new product lines and expanding the Small Business Innovation Research (SBIR) proposal pipeline demonstrates a commitment to reversing the revenue decline and achieving long-term growth. GSI Technology, Inc. Price, Consensus and EPS Surprise GSI Technology, Inc. price-consensus-eps-surprise-chart | GSI Technology, Inc. Quote Key Business Metrics Sales to Nokia amounted to $1 million, or 21.4% of net revenues compared with $1.9 million, or 33.5% of net revenues, in the same period last year. Military and defense sales represented 31.9% o
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GSIT
News
- GSI Technology (NASDAQ:GSIT) adds US$7.1m to market cap in the past 7 days, though investors from five years ago are still down 66% [Yahoo! Finance]Yahoo! Finance
- GSI Technology, Inc. (GSIT): A Penny Stock That Will Make You a Millionaire [Yahoo! Finance]Yahoo! Finance
- GSI Technology to Participate Virtually In the 5th Annual Needham Semiconductor & SemiCap 1x1 Conference on August 21, 2024GlobeNewswire
- GSI Technology, Inc. (NASDAQ: GSIT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- GSI Technology, Inc. (GSIT) Q1 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
GSIT
Sec Filings
- 8/23/24 - Form 8-K
- 8/15/24 - Form 4
- 8/2/24 - Form 4
- GSIT's page on the SEC website