GSI Technology, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 02, 2024 at 04:07 pm EDT
Share
GSI Technology, Inc. reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was USD 5.15 million compared to USD 5.38 million a year ago. Net loss was USD 4.32 million compared to USD 3.96 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.16 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to USD 0.16 a year ago.
For the full year, sales was USD 21.77 million compared to USD 29.69 million a year ago. Net loss was USD 20.09 million compared to USD 15.98 million a year ago. Basic loss per share from continuing operations was USD 0.8 compared to USD 0.65 a year ago. Diluted loss per share from continuing operations was USD 0.8 compared to USD 0.65 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.