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Stock impact report

GSI Technology, Inc. Reports Third Quarter Fiscal 2024 Results [Yahoo! Finance]

GSI Technology, Inc. (GSIT) 
US:NASDAQ Investor Relations: gsitechnology.com
Company Research Source: Yahoo! Finance
Summary Financial Results Table (in thousands, except per share amounts) Three Months Ended Nine Months Ended Dec. 31, 2023 Sept. 30, 2023 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2022 Net revenues Gross margin (%) Operating expenses Operating loss Net loss Net loss per share, diluted Lee-Lean Shu, Chairman and Chief Executive Officer, commented, “GSI achieved several key milestones this past quarter. First, radiation testing performed in November showed Gemini-I can meet the radiation tolerance needs of satellite compute-in-space applications. We are pursuing several opportunities in this market. Second, we completed the Gemini-II tape out and will evaluate the initial spin soon. Sampling is targeted for the second half of calendar year 2024, with potential alpha deployments by year-end. Third, we shipped radiation-hardened SRAMs for two new programs, and finally, we received a second SBIR Direct-to-Phase II contract in the amount of $1.1 million for Gemini-I Show less Read more
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