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Dec 31, 2020
Gsi Technology Q3 2021 Earnings Report
Reported financial results impacted by COVID pandemic, Gemini APU product launch progressing
Key Takeaways
GSI Technology reported a net loss of $5.2 million on net revenues of $6.8 million for the third quarter of fiscal 2021. The results were significantly impacted by business disruptions related to the COVID pandemic.
Net revenues were $6.8 million, compared to $10.0 million for the third quarter of fiscal 2020.
Net loss was $(5.2 million), or $(0.22) per diluted share, compared to a net loss of $(4.6 million), or $(0.20) per diluted share for the third quarter of fiscal 2020.
Gross margin was 47.3% compared to 60.2% in the prior year period.
Total operating expenses were $8.3 million, compared to $10.8 million in the third quarter of fiscal 2020.
Forward Guidance
Current expectations for the upcoming fourth quarter are net revenues in a range of $6.8 million to $7.8 million, with gross margin of approximately 48% to 50%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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