GSI Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 25, 2024 at 04:05 pm EST
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GSI Technology, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 5.32 million compared to USD 6.45 million a year ago. Net loss was USD 6.6 million compared to USD 4.81 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.2 a year ago. Diluted loss per share from continuing operations was USD 0.26 compared to USD 0.2 a year ago.
For the nine months, sales was USD 16.61 million compared to USD 24.31 million a year ago. Net loss was USD 15.77 million compared to USD 12.02 million a year ago. Basic loss per share from continuing operations was USD 0.63 compared to USD 0.49 a year ago. Diluted loss per share from continuing operations was USD 0.63 compared to USD 0.49 a year ago.
GSI Technology, Inc. is a provider of semiconductor memory solutions. The Company provides in-place associative computing solutions for applications in high growth markets such as artificial intelligence (AI) and high-performance computing (HPC), including natural language processing and computer vision. The Company's associative processing unit (APU) products are focused on applications using similarity search. Its similarity search is used in visual search queries for ecommerce, computer vision, drug discovery, cyber security and service markets such as NoSQL, Elasticsearch, and OpenSearch. The Company operates through one segment: the design, development and sale of integrated circuits. It designs, develops and markets static random-access memory (SRAM). Its SRAM offerings include SyncBurst, NBT, SigmaQuad, and SigmaDDR. It is also engaged in marketing radiation-hardened (RadHard) and radiation-tolerant (RadTolerant) SRAMs for military/defense and aerospace applications.