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Sep 30, 2024
GCT Q3 2024 Earnings Report
Reported a sequential increase in net revenues and a higher gross margin due to changes in product mix.
Key Takeaways
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.
Volume shipments of 5G chipsets are expected to commence in the first half of 2025.
Net revenues increased sequentially by 77.8% from the last quarter.
Gross margin increased to 62.3%.
A memorandum of understanding was signed with a global tier one telecommunications supplier for 5G chipset development.
GCT
GCT
GCT Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
The company anticipates commencing volume shipments of 5G chipsets in the first half of 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income