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Sep 30, 2023
Gsi Technology Q2 2024 Earnings Report
GSI Technology reported financial results for the second quarter of fiscal year 2024, with revenue at the high end of guidance and advancements in Gemini APU development.
Key Takeaways
GSI Technology reported a net loss of $4.1 million, or $0.16 per diluted share, on net revenues of $5.7 million for the second quarter of fiscal 2024. Revenue was at the high end of guidance. The company is progressing with the development of its Gemini APU, including the successful launch of the alpha version of the Copperhead compiler suite and the tape-out for Gemini-II.
Revenue for the second quarter of fiscal 2024 was $5.7 million, at the high end of guidance.
Net loss for the quarter was $(4.1 million), or $(0.16) per diluted share.
Gross margin was 54.7%, influenced by product mix.
The company successfully launched the alpha version of its Copperhead compiler suite and completed the tape-out for Gemini-II.
Revenue by Segment
Forward Guidance
GSI Technology anticipates net revenues in the range of $5.4 million to $6.2 million and a gross margin of approximately 55% to 57% for the third quarter of fiscal 2024.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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