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Stock impact report

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

GSI Technology, Inc. (GSIT) 
US:NASDAQ Investor Relations: gsitechnology.com
Company Research Source: GlobeNewswire
SUNNYVALE, Calif., Jan. 25, 2018 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (NASDAQ:GSIT) today reported financial results for its third fiscal quarter ended December 31, 2017. The Company reported a net loss of $(1.5 million), or $(0.07) per basic and diluted share, on net revenues of $11.1 million for the third quarter of fiscal 2018, compared to net income of $348,000, or $0.02 per basic and diluted share, on net revenues of $11.5 million for the third quarter of fiscal 2017 and a net loss of $(1.7 million), or $(0.08) per basic and diluted share, on net revenues of $9.6 million for the second quarter of fiscal 2018, ended September 30, 2017. Gross margin was 51.0% compared to 56.6% in the prior year period and 50.4% in the second quarter of fiscal 2018. Total operating expenses in the third quarter of fiscal 2018 were $6.7 million, compared to $6.3 million in the third quarter of fiscal 2017 and $6.7 million in the preceding quarter. Research and development expenses were $4.2 m Show less Read more
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