GSI Technology

GSI Technology, Inc. engages in the design, development and marketing of memory products primarily for the networking, and telecommunications markets. Its product includes Static Random Access Memory, or SRAM, which incorporated in networking and telecommunications equipment, such as routers, switches, wide area network infrastructure equipment, wireless base stations and network access equipment. It also offers services to the ongoing needs of the military, industrial, test and measurement equipment, automotive and medical markets for SRAMs .The company was founded by Lee-Lean Shu and Robert Yau in March 1995 and is headquartered in Sunnyvale, CA.

Earnings data Q4 2021

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GSIT reports Q1 2023 net loss, optimistic about revenue opportunities

GSIT is focused on advancing its APU solutions, with Gemini-II's development progressing for a market launch in the second half of 2024. Despite facing challenges with component availability and net losses, the company is optimistic about revenue opportunities from its SaaS platform and potential partnerships with a Cloud Service Provider.

GSIT reports Q1 2024 net loss but emphasizes innovation and growth

GSIT's Q1 2024 earnings call highlighted a net loss, but also showcased the company's commitment to innovation and growth. The addition of new team members and their focus on strategic partnerships and market expansion indicate a proactive approach to addressing challenges and pursuing opportunities.

GSI Technology reports resilient Q3 performance amidst cost-saving initiatives

GSI Technology navigated challenges with strong gross margin and cost-saving initiatives amid revenue pressures.
Opportunities lie in technological advancements, cost reductions, and revenue diversification for future growth.
Addressing challenges like global economic uncertainty and cost pressures can pave the way for improved financial performance.

GSI Technology reports Q4 loss, eyes Gemini-II launch opportunities

GSI Technology's financials for Q4 2023 show a net loss but with positive revenue and gross margin figures, positioning the company for future growth.
Gemini-I and Gemini-II development progress, along with strategic partnerships and revenue initiatives, highlight GSI's commitment to innovation and market expansion.
Challenges like launch uncertainties and project delays are being managed, while opportunities in new applications and partnerships offer avenues for revenue growth.

GSI Technology reports Q1 loss, advances AI tech objectives

GSI Technology's Q1 2024 performance showed a mix of challenges and strengths, with a net loss reported alongside progress in innovation objectives. The company's focus on AI technology advancement and strategic partnerships presents opportunities for future growth.

GSI Technology meets revenue guidance, faces profitability challenges ahead

GSI Technology's Q2 2024 performance met guidance but faced challenges from prior inventory builds.
The company showcased strengths in milestone achievements, partnerships, and financial stability.
Challenges include profitability concerns, operating expenses, and revenue stability.
Opportunities lie in product development, market expansion, and strategic cost management.

GSI Technology meets Q3 revenue guidance amidst rising expenses

GSI Technology's Q3 performance met revenue guidance but faced increased operating expenses.
Strengths include successful product milestones and partnerships for APU architecture.
Challenges lie in profitability and ongoing discussions for strategic partnerships.
Opportunities include potential partnerships and fourth-quarter revenue growth expectations.

GSI Technology navigates financial challenges while eyeing growth opportunities

GSI Technology faces financial challenges with net losses and reduced cash reserves, prompting a strategic review for maximizing shareholder value.
Despite the setbacks, the company shows strengths in technological advancements, strategic partnerships, and diversification into new markets.
Opportunities lie in exploring financing options, expanding product sales, and enhancing profitability through strategic initiatives.
Overall, GSI Technology's performance reflects a mix of challenges, strengths, and opportunities that will shape its future trajectory.

GSI Technology reports stable Q1 performance amidst innovation drive

GSI Technology is navigating challenges in specific sales segments while focusing on innovation and securing contracts to drive growth.
Financially stable with a strong cash position, the company is poised to leverage opportunities in new business lines and technological advancements.
Efforts to demonstrate performance improvements and meet contract milestones will be critical for future success and attracting partners.
Engagement with Needham & Company reflects a proactive stance towards exploring strategic opportunities for expansion.

GSI Technology reports Q2 revenue of $4.6M, focuses on cost-cutting and new market opportunities

GSI Technology's Q2 2025 performance reflected net revenues of $4.6 million, with a focus on APU development, cost-cutting measures, and sales diversification.
Strengths include a turnaround in the SRAM business, progress on SBIR contracts, and anticipated increased demand for SRAM chips.
Challenges include margin decrease, meeting contract deadlines, workforce reductions, and maintaining market competitiveness.
Opportunities lie in new SRAM opportunities, APU development milestones, customer engagements, and cost-cutting strategies for growth.

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SUNNYVALE, Calif., Jan. 03, 2024 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced it has been selected by AFWERX for an SBIR Direct-to-Phase II contract in the amount of $1.1 million to demonstrate high-data computation use cases leveraging the distinct compute in-memory architecture of its next-generation Associative Processing Unit-2 (APU2).

GSI Technology Receives Award from U.S. Air Force Research Laboratory to Demonstrate High-Data Computation Use Cases Leveraging Its Next-Generation APU

SUNNYVALE, Calif., Dec. 19, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced that management is participating in the iAccess Alpha Tax Loss Recovery Summit Virtual Conference on January 9 and 10, 2024. On behalf of the company Didier Lasserre, Vice President of Sales and Investor Relations, will deliver a company presentation at 1:30 p.m. Eastern time on January 9 and host one-on-one meetings the following day, January 10.

GSI Technology to Participate in the iAccess Alpha Tax Loss Recovery Summit 2024 - Buyside Best Ideas Virtual Conference on January 9 and 10, 2024

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SUNNYVALE, Calif., Dec. 04, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced that that management is scheduled to virtually participate in the 26th Annual Needham Growth Conference on January 19, 2024. On behalf of the company, Lee-Lean Shu, Chairman and Chief Executive Officer, Doug Schirle, Chief Financial Officer, and Didier Lasserre, Vice President of Marketing and Investor Relations, will deliver a company presentation at 1:30 p.m. Eastern time on January 19 in Virtual Track 2 and host one-on-one meetings the same day.

GSI Technology to Participate Virtually in the 26th Annual Needham Growth Conference on January 19, 2024

SUNNYVALE, Calif., Nov. 29, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance computing (HPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced a collaboration with Professor Elaheh Sadredini of the Computer Science Department at the University of California, Riverside. Utilizing the Gemini APU, Professor Sadredini and her team of student researchers at UC Riverside are focusing on optimizing not only fundamental operations like linear algebra and Regular Expression matching but also a wide range of applications including bioinformatics, machine learning, data mining, cryptography, and more.

GSI Technology Teams Up with UC Riverside to Supercharge AI and High Performance Computing with Gemini APU

GSI Technology Inc. shares GSIT, -5.81% fell 3.7% Friday after the memory specialist reported a fiscal second-quarter net loss of $4.06 million, or 16 cents a share, compared with a net loss of $3.23 million, or 13 cents a share, in the prior year's quarter. The company has reported a net loss for more than a dozen straight quarters.

GSI Technology's stock falls after company sees losses swell

GSI Technology, Inc. (NASDAQ:GSIT ) Q2 2024 Earnings Conference Call October 26, 2023 4:30 PM ET Company Participants Lee-Lean Shu - Chairman, President and CEO Didier Lasserre - VP of Sales Douglas Schirle - CFO Conference Call Participants Brett Reiss - Janney Montgomery Scott Orin Hirschman - AIGH Investment Partners Operator Ladies and gentlemen, thank you for standing by. Welcome to GSI Technology's Second Quarter Fiscal 2024 Results Conference Call.

GSI Technology, Inc. (GSIT) Q2 2024 Earnings Call Transcript

SUNNYVALE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its second fiscal quarter ended September 30, 2023.

GSI Technology, Inc. Reports Second Quarter Fiscal 2024 Results

The Sunnyvale, Calif.-based small-cap company, which has a market capitalization of $68.2 million, reports fiscal second-quarter results after market close Thursday.

GSI Technology's stock slides 10%, on pace for largest decline in three weeks

GSI Technology Inc. is eyeing opportunities for its new Gemini-II processor in artificial-intelligence applications and the aerospace market, touting its technology as a good fit for drones, satellites and aircraft.

GSI Technology targets AI, drone and satellite opportunities with Gemini-II processor

Small cap GSI Technology Inc. has announced design completion of its Gemini-II processor, which it is aiming at the AI market.

GSI Technology, which has sparked meme-like buzz, touts AI chip milestone

SUNNYVALE, Calif., Oct. 18, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance computing (HPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced tape-out of the Gemini-II Associated Processing Unit, its second generation of the groundbreaking and patented compute-in-memory APU family, on TSMC's 16nm process.

GSI Technology Announces Tape-Out of the Gemini-II APU

SUNNYVALE, Calif., Oct. 16, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for networking, telecommunications and military markets, will announce financial results for its fiscal second quarter 2024 ended September 30, 2023 after the market close on Thursday, October 26, 2023. Management will also conduct a conference call to review the Company's second quarter financial results and its current outlook for the third quarter of fiscal 2024 at 1:30 p.m. Pacific time (4:30 p.m. Eastern Time) on that same day.

GSI Technology to Announce Fiscal Second Quarter 2024 Results on October 26, 2023

SUNNYVALE, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced that Didier Lasserre, Vice President of Sales and Investor Relations will participate in the 16th Annual “Main Event” Conference to be held on October 3 – 5, 2023 at the Luxe Sunset Boulevard Hotel in Los Angeles.

GSI Technology to Participate in 16th Annual "Main Event" Conference

SUNNYVALE, Calif., Aug. 15, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced that it will participate in the 4th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference. Douglas Schirle, Chief Financial Officer, and Didier Lasserre, Vice President of Sales and Investor Relations, will host virtual meetings on Tuesday, August 22, 2023.

GSI Technology to Participate in the 4th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference

SUNNYVALE, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced the beta launch of its Copperhead compiler stack. This technology is specifically designed to complement the Gemini APU, an innovative compute-in-memory device engineered to excel in high-performance, low-power applications such as search, generative AI retrieval, HPPC, and more.

GSI Technology Introduces Python-Based Copperhead Compiler Suite to Unleash the Full Power of Gemini APU for Flexible AI and High-Performance Computing

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GSI Technology, Inc. (NASDAQ:GSIT ) Q1 2024 Earnings Conference Call July 27, 2023 4:30 PM ET Company Participants Lee-Lean Shu - Chairman, President and CEO Douglas Schirle - CFO Didier Lasserre - VP of Sales Conference Call Participants Nick Doyle - Needham and Company Jeff Bernstein - TD Cowen Operator Ladies and gentlemen, thank you for standing by. Welcome to GSI Technology's First Quarter Fiscal 2024 Results Conference Call.

GSI Technology, Inc. (GSIT) Q1 2024 Earnings Call Transcript

SUNNYVALE, Calif., July 12, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced its receipt of a Phase I SBIR contract in the 23.5 cohort by AFWERX. Under this contract, GSI Technology will perform a feasibility study to adapt, modify, and enhance its commercially proven Gemini® APU to propel Air and Space Force computing at the edge.

GSI Technology to Perform Feasibility Study for Commercially Proven APU Use in U.S. Air and Space Force Edge Computing

Shares of GSI Technology Inc. GSIT, -1.23% rose 3.9% premarket, after ending Friday's session down 1.2%. The loss-making semiconductor company has been attracting meme-like attention recently and its stock has risen 190.7% in the last three months.

GSI Technology stock rises almost 4% premarket

Shares of GSI Technology Inc. GSIT, -5.65% rose 2.8% in premarket trades on Friday, clawing back some of their losses from Thursday's session, which saw the stock fall 5.7%. The loss-making semiconductor company has been attracting meme-like attention recently and its stock has risen 184% in the last three months.

GSI Technology stock rises almost 3% premarket

SUNNYVALE, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced its receipt of an Other Transaction Agreement award with a total potential value of approximately $1.25 million with the Space Development Agency (SDA) for the development of a dual use Next-Generation Associative Processing Unit-2 (APU2) for Enhanced Space-Based Capabilities.

GSI Technology Receives Award With Potential Total Value Of Approximately $1.25 Million From The Space Development Agency To Develop A Next-Generation Associative Processing Unit For Enhanced Space-Based Capabilities

Shares of GSI Technology Inc. GSIT, -5.01% rose 3% premarket after ending Monday's session down 5%, where they outpaced the S&P 500 index's SPX, -0.45% decline of 0.5%. The loss-making semiconductor company has been attracting meme-like attention recently and its stock has risen 325.9% in the last three months.

GSI Technology stock rises 3% premarket

Shares of GSI Technology Inc. GSIT, a loss-making semiconductor company that has been attracting meme-like attention, pulled back 4.8% in premarket trades Wednesday. The stock ended Tuesday's session up 20.4% at a new 18-month high of $6.25 on trading volume of 3.22 million shares, compared with its 65-day average of 4.26 million shares.

GSI Technology stock falls 4.8% premarket

GSI Technology reported revenues of $5.4M in recently reported Q4 2022, with R&D expenses of $5.0M as it reinvests most of its revenues to enhance its product line. GSI Technology said its Gemini-I APU outperforms other types of processors including those of Nvidia, Intel, and Graphcore.

News for GSI Technology Stock (GSIT)