GSI Technology, Inc. Announces Second Quarter of Fiscal Year 2027 Results
GSI Technology reported Q2 FY2027 revenue of $6.0 million, within guidance but down from $6.4 million a year ago, with a net loss of $7.0 million ($(0.18) per share) versus a $3.2 million loss in the prior-year quarter. Gross margin fell to 48.5%, below the company's 53-55% guidance, on unfavorable product mix and higher wafer and assembly costs; operating expenses jumped to $10.4 million on Plato design consultants and roughly $2.0 million of non-routine legal fees from a concluded internal assessment of foreign vendor matters.
Key figures
- Revenue
- 6019000
- Guidance
- Q3 FY2027 net revenues $5.0-$6.0 million with gross margin approximately 38-40%
- Revenue Yoy
- -6.6%
- Net loss
- 7021000
- Rd expense
- 6048000
- Sga expense
- 4305000
- Gross margin
- 48.5%
- Sbir funding
- 556000
- Operating loss
- 7435000
- Working capital
- 73800000
- Operating expenses
- 10353000
- Stockholders equity
- 86221000
- Cash and equivalents
- 69188000
- Gross margin prior year
- 54.8%
- Military defense pct shipments
- 46.7%
AI analysis
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