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Dec 31, 2021
Gsi Technology Q3 2022 Earnings Report
Reported third quarter fiscal 2022 results with revenue growth driven by increased SRAM orders and gross margin improvement due to effective supply chain management.
Key Takeaways
GSI Technology reported a net loss of $(4.6 million) on net revenues of $8.1 million for the third quarter of fiscal 2022. Revenue increased by 19% year-over-year due to higher orders from SRAM customers. Gross margin improved to 55.3% compared to 47.3% in the prior year period.
Third quarter revenue increased 19% year-over-year.
Gross margin improved by 800 basis points year-over-year.
Advanced documentation for compiler stack and expanded software libraries for APU applications.
GSI was among the leaders in the Billion-Scale Approximate Nearest Neighbor Search (ANNS) Challenge held by NeurIPS.
Forward Guidance
For the upcoming fiscal fourth quarter, GSI Technology expects net revenues in a range of $7.5 million to $8.5 million, with gross margin of approximately 54% to 56%.
Challenges Ahead
- Supply chain constraints are impacting the ability to fulfill orders.
- Significant relief from these constraints is not expected before the end of calendar year 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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