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Stock impact report

GSI Technology, Inc. Reports Second-Quarter Fiscal 2018 Results

GSI Technology, Inc. (GSIT) 
US:NASDAQ Investor Relations: gsitechnology.com
Company Research Source: Marketwire
SUNNYVALE, CA -- (Marketwired) -- 10/26/17 -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its second fiscal quarter ended September 30, 2017. The Company reported a net loss of $(1.7 million), or $(0.08) per diluted share, on net revenues of $9.6 million for the second quarter of fiscal 2018, compared to net income of $626,000, or $0.03 per diluted share, on net revenues of $13.4 million for the second quarter of fiscal 2017 and a net loss of $(1.5 million), or $(0.07) per diluted share, on net revenues of $10.7 million for the first quarter of fiscal 2018, ended June 30, 2017. Gross margin was 50.4% compared to 55.0% in the prior year period and 52.4% in the first quarter. Total operating expenses in the second quarter of fiscal 2018 were $6.7 million, compared to $7.0 million in the second quarter of fiscal 2017 and $7.1 million in the preceding first quarter. Research and development expenses were $4.2 million, compared to $4.3 million i Show less Read more
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