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Stock impact report

GSI Technology, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results and Business Update [Yahoo! Finance]

GSI Technology, Inc. (GSIT) 
US:NASDAQ Investor Relations: gsitechnology.com
Company Research Source: Yahoo! Finance
Fourth Quarter and Fiscal Year 2024 Summary Financial Results Table (in thousands, except per share amounts) Three Months Ended Twelve Months Ended Mar. 31, Dec. 31, Mar. 31, Mar. 31, Mar. 31, Net revenues Gross margin (%) Operating expenses Operating loss Net loss Net loss per share, diluted Lee-Lean Shu, Chairman and Chief Executive Officer, commented, "In the fourth quarter and subsequently, we achieved significant milestones across our core initiatives. First, we launched two high-capacity, low-power 1U and 2U servers integrated with the High-performance Gemini-I APU. These servers are designed specifically for SAR and Fast Vector Search applications, enabling mobile applications and enterprise-level processing at the edge. Second, notable progress has been made in testing and debugging Gemini-II, which has been mounted on a board for comprehensive performance assessment. We aim to have a second spin in the third quarter of fiscal 2025 and initiate b Show less Read more
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