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Mar 31, 2022
Gsi Technology Q4 2022 Earnings Report
GSI Technology reported its Q4 and Fiscal Year 2022 results, showing revenue growth and gross margin improvement for both the quarter and the full year.
Key Takeaways
GSI Technology reported an 8% increase in revenue for the fourth quarter of fiscal year 2022, along with a gross margin improvement of 330 basis points compared to the prior quarter. The company's net loss narrowed for both the quarter and the full year. They anticipate completing the tape-out of Gemini-II by the end of calendar 2022 and launching version 2 of the Gemini-I compiler stack in July.
GSI Technology's Q4 revenue increased by 8% year-over-year to $8.7 million.
Gross margin improved to 58.6% in Q4, up from 50.2% in the prior-year period.
The net loss for Q4 was $(4.3 million), or $(0.18) per diluted share, compared to a net loss of $(5.0 million) in the same quarter last year.
The company had $44.0 million in cash, cash equivalents, and short-term investments as of March 31, 2022.
Forward Guidance
For the first quarter of fiscal 2023, GSI Technology expects net revenues to be in the range of $8.5 million to $9.5 million, with a gross margin of approximately 60% to 62%.
Positive Outlook
- Net revenues are expected to be between $8.5 million and $9.5 million.
- Gross margin is anticipated to be approximately 60% to 62%.
- Rad Hard order expected to be booked and shipped in the quarter.
- Company maintains an attractive balance sheet with a surplus of cash and no debt.
Historical Earnings Impact
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