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

Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

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Earnings data Q3 2025

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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Shares of GSI Technology Inc. GSIT, +35.78%, a loss-making semiconductor company that has been attracting meme-like attention, rose 5.1% in premarket trades Friday. The stock ended Thursday's session up 35.8% at a new 18-month high of $5.92 on trading volume of 18.6 million shares, above its 65-day average of 3.6 million shares.

GSI Technology stock rises 5.1% premarket

GSI Technology, Inc. (NASDAQ:GSIT ) Q4 2023 Earnings Conference Call May 16, 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 Nick Doyle - Needham Jeff Bernstein - TD Cowen Orin Hirschman - AIGH Investment Partners Operator Greetings, and thank you for standing by. Welcome to the GSI Technology's Fourth Quarter and Fiscal 2023 Results Conference Call.

GSI Technology, Inc. (GSIT) Q4 2023 Earnings Call Transcript

SUNNYVALE, Calif., May 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 the networking, telecommunications and military markets, today reported financial results for its fourth fiscal quarter and fiscal year ended March 31, 2023.

GSI Technology, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

GSIT just popped more than 200% last Friday, holding its levels with a further climb of over 20% as of this moment. The catalysts seem to be a mention of the company on Fox Business, where GSIT was proposed as a superior bet to NVDA in terms of AI-pureplay technology.

GSI Technology: Maybe A Push Is All The Stock Needed

A previously unknown name may be the next meme stock. Many people hadn't heard of GSI Technology (NASDAQ: GSIT ) stock when markets closed on Thursday, May 11.

GSIT Stock Alert: Is GSI Technology the Newest Meme Stock?

SUNNYVALE, Calif., May 03, 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, will announce financial results for its fiscal fourth quarter and year end 2023 ended March 31, 2023 after the market close on Tuesday, May 16, 2023. Management will also conduct a conference call to review the Company's fourth quarter and year end financial results and its current outlook for the first 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 Fourth Quarter and Year End 2023 Results on May 16, 2023

GSIT says they'll be doing around $7 million in lower costs to reduce cash burn, giving more than a two year horizon easily for cash burn. The Gemini-II is on track and GSIT expects orders to possibly start after summer.

GSI Technology: Gemini-II On Track And Cash Burn Slated To Fall

GSI Technology, Inc. (NASDAQ:GSIT ) Q3 2023 Earnings Conference Call January 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 Operator Greetings, and welcome to GSI Technology Inc. Third Quarter Fiscal Year 2023 Results. [Operator Instructions] As a reminder this conference is being recorded.

GSI Technology, Inc. (GSIT) Q3 2023 Earnings Call Transcript

SUNNYVALE, Calif., Jan. 26, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its third fiscal quarter ended December 31, 2022.

GSI Technology, Inc. Reports Third Quarter Fiscal 2023 Results

APU revenues are still negligible with the company just starting to offer their product but to premier companies like the Israel Aerospace Industries that need to test it. The Synthetic Aperture Radar market is interesting, and GSIT's Gemini is well suited for the algorithms involved in this kind of image generation. This is concrete.

GSI Technology Demonstrates Something Concrete

SUNNYVALE, Calif., Jan. 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, will announce financial results for its third quarter fiscal year 2023 ended December 31, 2022 after the market close on Thursday, January 26, 2023. Management will also conduct a conference call to review the Company's third quarter financial results and its current outlook for the fourth quarter of fiscal 2023 at 1:30 p.m. Pacific time (4:30 p.m. Eastern Time) on that same day.

GSI Technology to Announce Third Quarter Fiscal Year 2023 Results on January 26, 2023

Taking Steps to Reduce Operating Expenses and Cash Burn While Maintaining APU Development and Launch Strategy Taking Steps to Reduce Operating Expenses and Cash Burn While Maintaining APU Development and Launch Strategy

GSI Technology Announces Strategic Cost Reduction Initiatives

GSI Technology, Inc. (NASDAQ:GSIT ) Q2 2023 Earnings Conference Call October 27, 2022 4:30 PM ET Company Participants Lee-Lean Shu - Chairman, President and Chief Executive Officer Didier Lasserre - Vice President of Sales Douglas Schirle - Chief Financial Officer Conference Call Participants Michael Mork - Mork Capital Management Operator Ladies and gentlemen, thank you for standing by. Welcome to GSI Technology's Second Quarter Fiscal 2023 Results Conference Call.

GSI Technology, Inc. (GSIT) Q2 2023 Earnings Call Transcript

SUNNYVALE, Calif., Oct. 27, 2022 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its second fiscal quarter ended September 30, 2022.

GSI Technology, Inc. Reports Second Quarter Fiscal 2023 Results

SUNNYVALE, Calif., Oct. 12, 2022 (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, will announce financial results for its second quarter fiscal year 2023 ended September 30, 2022 after the market close on Thursday, October 27, 2022. 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 2023 at 1:30 p.m. Pacific time (4:30 p.m. Eastern Time) on that same day.

GSI Technology to Announce Second Quarter Fiscal Year 2023 Results on October 27, 2022

SUNNYVALE, Calif., Sept. 27, 2022 (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 its Synthetic Aperture Radar (SAR) image processing acceleration system using GSI's APU technology has been approved for use by IAI/Elta System Ltd, a subsidiary of Israeli Aerospace Industries (IAI).

GSI Technology's NRT SAR Image Processing Acceleration System Approved for use by IAI/ELTA

Major SRAM order is expected to come in the new quarter, being delayed from the expected delivery last quarter. The cloud access at Searchium.ai to the APU is going to become available this quarter, which will start more open-source work with the APU.

GSI Technology Offers APU Cloud Access, Waits For Big SRAM Order

GSI Technology, Inc. (NASDAQ:GSIT ) Q1 2023 Earnings Conference Call July 28, 2022 4:30 PM ET Company Participants Lee-Lean Shu - Chairman, President and Chief Executive Officer Douglas Schirle - Chief Financial Officer Didier Lasserre - Vice President, Sales Operator Ladies and gentlemen thank you for standing by. Welcome to GSI Technology's First Quarter Fiscal 2023 Results Conference Call.

GSI Technology, Inc. (GSIT) CEO Lee-Lean Shu on Q1 2023 Results - Earnings Call Transcript

SUNNYVALE, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its first fiscal quarter ended June 30, 2022.

GSI Technology, Inc. Reports First Quarter Fiscal 2023 Results

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Not all stocks will benefit even if the markets turn around. These stocks to sell are likely to keep going lower, rather than rebounding.

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SUNNYVALE, Calif., July 14, 2022 (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, will announce financial results for its first quarter fiscal year 2023 ended June 30, 2022, after the market close on Thursday, July 28, 2022. Management will also conduct a conference call to review the Company's first quarter financial results and its current outlook for the second quarter of fiscal 2023 at 1:30 p.m. Pacific time (4:30 p.m. Eastern Time) on that same day.

GSI Technology to Announce First Quarter Fiscal Year 2023 Results on July 28, 2022

GSI Technology is an exciting stock that is focusing on search and recommendation computing markets with APU. In July, GSIT will release a new version of their software which will allow partners to engage with their chip in Python, making it more accessible.

GSI Technology's Legacy Business Limits Reflexivity On Long Road To Commercialization

SUNNYVALE, Calif., June 29, 2022 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (NASDAQ: GSIT) is issuing this press release to revise the reporting of its financial results for its fourth fiscal quarter and fiscal year ended March 31, 2022. After issuing the original earning release, GSI Technology re-evaluated the methodologies and procedures involved in developing forecasts used to calculate its contingent consideration liability and used in the recoverability test over intangible assets. This re-evaluation of forecasting methodologies and procedures resulted in a reduction of approximately $1.3 million in selling, general and administrative expense with a corresponding decrease in the contingent consideration liability, which impacted other amounts on the consolidated statement of operation and consolidated balance sheet.

GSI Technology, Inc. Reports Revised Fourth Quarter and Fiscal Year 2022 Results

GSI Technology, Inc. (NASDAQ:GSIT ) Q4 2022 Earnings Conference Call May 5, 2022 4:30 PM ET Company Participants Lee-Lean Shu - Chairman, President and Chief Executive Officer Douglas Schirle - Chief Financial Officer Didier Lasserre - Vice President, Sales Conference Call Participants Jeff Bernstein - Cowen James Poko - Private Investor Luke Gabeni - Private Investor Operator Ladies and gentlemen, thank you for standing by, and welcome to the GSI Technology's Fourth Quarter and Fiscal 2022 Results Conference Call. [Operator Instructions] Before we begin today's call, the company has requested that I read the following Safe Harbor statements.

GSI Technology, Inc. (GSIT) CEO Lee-Lean Shu on Q4 2022 Results - Earnings Call Transcript

SUNNYVALE, Calif., May 05, 2022 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its fourth fiscal quarter and fiscal year ended March 31, 2022.

News for GSI Technology Stock (GSIT)