GSI Technology reported a net loss of $(4.6 million) on net revenues of $10.0 million for the third quarter of fiscal 2020. The company anticipates 2020 to be the year of design wins for Gemini-1™.
Net revenues were $10.0 million for the third quarter of fiscal 2020.
Net loss was $(4.6 million), or $(0.20) per diluted share.
Gross margin was 60.2%.
Total operating expenses in the third quarter of fiscal 2020 were $10.8 million.
The Company's current expectations for the upcoming quarter are net revenues in a range of $8.5 million to $9.5 million, with gross margin of approximately 50% to 52%.
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