GSI Technology, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 26, 2023 at 04:05 pm EDT
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GSI Technology, Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was USD 5.71 million compared to USD 8.95 million a year ago. Net loss was USD 4.06 million compared to USD 3.23 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to USD 0.13 a year ago.
For the six months, sales was USD 11.3 million compared to USD 17.86 million a year ago. Net loss was USD 9.17 million compared to USD 7.2 million a year ago. Basic loss per share from continuing operations was USD 0.37 compared to USD 0.29 a year ago. Diluted loss per share from continuing operations was USD 0.37 compared to USD 0.29 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.