GSI Technology reported Q2 fiscal year 2025 revenue of $4.6 million, aligning with guidance. Gross margin was 38.6%, impacted by product mix and severance costs. The company implemented cost-cutting measures expected to yield $3.5 million in annual savings and anticipates decreased cash burn.
Revenue for the second quarter of fiscal 2025 was $4.6 million.
Gross margin was 38.6%, affected by product mix and severance costs.
Strategic cost-cutting measures were implemented, expected to save $3.5 million annually.
The company anticipates a significant decrease in cash burn.
GSI Technology expects net revenues in a range of $4.7 million to $5.5 million, with gross margin of approximately 50% to 52% for the third quarter of fiscal 2025.
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