GSI Technology reported a net loss of $4.3 million on net revenues of $5.2 million for the fourth quarter of fiscal 2024. The company is undergoing a strategic review to maximize stockholder value, exploring options such as financing, asset divestiture, or a potential sale of the company.
Launched two high-capacity, low-power servers integrated with the High-performance Gemini-I APU.
Progress made in testing and debugging Gemini-II, with a second spin planned for Q3 fiscal 2025.
Discussions with potential strategic and technology partners continue to show promise.
Entered into an agreement to sell property in Sunnyvale for $11.9 million in cash.
For the first quarter of fiscal 2025, GSI Technology expects net revenues in the range of $4.6 million to $5.2 million, with a gross margin of approximately 52% to 54%.
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