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Sep 30, 2021
Gsi Technology Q2 2022 Earnings Report
Reported financial results for the second quarter of fiscal year 2022.
Key Takeaways
GSI Technology reported second quarter revenue of $7.8 million, at the high end of their guidance range. The company's net loss decreased year-over-year due to higher revenue and gross profit, combined with a modest increase in operating expenses.
Second quarter revenue was $7.8 million.
Net loss was $(4.6 million), or $(0.19) per diluted share.
Gross margin was 53.6%.
Sales to Nokia were $1.9 million, or 23.8% of net revenues.
Forward Guidance
Current expectations for the upcoming third quarter are net revenues in a range of $7.2 million to $8.2 million, with gross margin of approximately 52% to 54%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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