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Mar 31, 2023
Gsi Technology Q4 2023 Earnings Report
GSI Technology reported results for the fourth quarter and fiscal year 2023, with revenue within guidance but impacted by macroeconomic factors and inventory rationalization.
Key Takeaways
GSI Technology reported a net loss of $4.0 million, or $0.16 per diluted share, on net revenues of $5.4 million for the fourth quarter of fiscal 2023. The revenue was within the company's guidance range, but the decline from the prior quarter reflects fluctuating customer order patterns related to the macroeconomic environment and inventory rationalization. Gross margin exceeded guidance due to product mix. The company ended the year with $30.6 million in cash, cash equivalents, and short-term investments.
Q4 revenue was $5.4 million, within the guidance range, but declined compared to the prior quarter.
Gross margin for Q4 exceeded guidance due to product mix.
Net loss for Q4 was $(4.0 million), or $(0.16) per diluted share.
Cash, cash equivalents, and short-term investments totaled $30.6 million at the end of the year.
Revenue by Segment
Forward Guidance
Current expectations for the upcoming fiscal first quarter are net revenues in a range of $5.0 million to $5.8 million, with gross margin of approximately 57% to 59%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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