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Sep 30, 2022
Gsi Technology Q2 2023 Earnings Report
Reported a net loss of $3.2 million on net revenues of $9.0 million, with gross margin at 62.6%.
Key Takeaways
GSI Technology reported a nearly 15% year-over-year revenue growth to $9.0 million in the second quarter of fiscal year 2023, driven by increased high-performance SRAM sales and radiation-hardened SRAM shipments. The company's gross margin increased to 62.6%, leading to a lower operating loss, with a net loss of $3.2 million. GSI's cash balance was $38.9 million as of September 30, 2022.
Revenue increased by nearly 15% year-over-year to $9.0 million.
Gross margin increased by 900 basis points year-over-year to 62.6%.
Net loss narrowed to $3.2 million.
Cash balance was $38.9 million as of September 30, 2022.
Forward Guidance
For the upcoming third quarter of fiscal 2023, GSI Technology expects net revenues to be in the range of $6.3 million to $7.3 million, with a gross margin of approximately 53% to 55%.
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