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Jun 30, 2021
Gsi Technology Q1 2022 Earnings Report
Reported first quarter fiscal 2022 results with net revenue improving year-over-year and sequentially due to higher sales to Nokia.
Key Takeaways
GSI Technology reported a net loss of $4.2 million, or $0.17 per diluted share, on net revenues of $8.8 million for the first quarter of fiscal 2022. Gross margin was 54.4%.
Net revenue improved year-over-year and sequentially due to higher sales to Nokia.
Increased demand for SigmaQuad products improved gross margin and narrowed operating loss.
Shipped first radiation-tolerant devices for a prototype satellite and increased beta customer engagement for Gemini-I systems.
Expanded market reach of the APU into applications by becoming an Amazon OpenSearch Service partner.
Revenue by Segment
Forward Guidance
The Company expects for the upcoming second quarter net revenues in a range of $6.9 million to $7.9 million, with a gross margin of approximately 51% to 53%.
Challenges Ahead
- Supply chain shortages are expected to impact sales fulfillment in the near term.
- Rising COVID infections in Taiwan have recently impacted the operations of manufacturing partners.
- Impact on sales fulfillment may persist for the remainder of the calendar year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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