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Gsi Technology (GSIT)
NASDAQ:GSIT
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -12.54%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
The call presented a mix of positive developments, such as a turnaround in the SRAM business, new AI collaborations, and strategic cost-cutting measures, alongside notable revenue and margin declines, increased operating losses, and a net loss for the quarter. While there are promising growth opportunities, financial challenges remain significant.Company Guidance
During the GSI Technology earnings call for the second quarter of fiscal 2025, the company provided several key metrics and updates. They reported revenue of $4.6 million, aligning with their guidance, although gross margin dropped to 38.6% due to product mix changes and severance costs. Operating expenses stood at $7.3 million, resulting in a net loss of $5.4 million or $0.21 per diluted share. The company highlighted strategic cost-cutting measures projected to save $3.5 million annually. Additionally, they discussed their ongoing SRAM opportunities, noting shipments of 144 megabit SRAM began in early 2024, and their customer is poised to become the company's top client. They also detailed progress in their SBIR contracts and APU development, including the new "Plato" APU targeting low-power applications. Their cash position was reported at $18.4 million with working capital of $21.1 million as of September 30, 2024.SRAM Business Turnaround
GSI Technology is witnessing a significant turnaround in its SRAM business, with existing customers depleting channel inventories and a new SRAM design secured with significant growth potential, particularly related to a new AI chip.
New AI Chip Collaboration
Partnership with a leading AI chip developer is driving demand for GSI's 144 megabit SRAM, with expectations of this customer becoming the #1 customer due to exceptional interest and rising demand.
SBIR Contract Progress
GSI Technology is on track to meet its SBIR contract deadlines with the U.S. Air Force Research Labs and other DoD divisions, presenting significant future opportunities.
Strategic Cost-Cutting Measures
Implemented cost-cutting measures, including workforce reductions, projected to save $3.5 million annually, reducing cash burn and extending the financial runway.
Increased Cash and Working Capital
As of September 30, 2024, the company had $18.4 million in cash and cash equivalents, an increase from $14.4 million at March 31, 2024, with working capital rising to $21.1 million.
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GSIT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GSIT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $3.43 | $3.39 | -1.17% |
| Jul 25, 2024 | $2.84 | $2.85 | +0.35% |
| May 02, 2024 | $3.69 | $2.96 | -19.78% |
| Jan 25, 2024 | $2.21 | $1.88 | -14.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gsi Technology (GSIT) report earnings?
Gsi Technology (GSIT) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Gsi Technology (GSIT) earnings time?
Gsi Technology (GSIT) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GSIT EPS forecast?
Currently, no data Available
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