GCT Earnings Reports

GCT Semiconductor's Q4 2024 financials reflected a transitional phase with revenue declining by 57.4% year-over-year to $1.8 million. Operating expenses rose as the company continued its investments in R&D for upcoming 5G products. Despite a net loss of $5.0 million, the company remains optimistic about its 2025 outlook with the launch of 5G chipsets.

GCT Semiconductor Holding, Inc. reported a decrease in net revenues compared to the same quarter last year, but experienced a sequential increase from the previous quarter. The company is progressing towards volume shipments of 5G chipsets in the first half of 2025 and has signed an MOU with a global tier one telecommunications supplier.

GCT Semiconductor reported a decrease in net revenues to $1.5 million for Q2 2024, primarily due to lower product sales, although service revenue increased. The company is focusing on its 5G chipset launch and has formed significant partnerships. They have also restructured debt and are utilizing an ELOC facility to strengthen their capital structure.

GCT Semiconductor Holding, Inc. reported a slight increase in revenue and improved gross margin for Q1 2024. The company's income from operations was positive due to successful contract negotiations and a one-time gain. They are progressing with 5G chipset development and anticipate broad sampling in Q4 2024.