Welcome to our dedicated page for Gsi Technology news (Ticker: GSIT), a resource for investors and traders seeking the latest updates and insights on Gsi Technology stock.
GSI Technology (NASDAQ: GSIT) specializes in advanced semiconductor solutions, including high-performance SRAM memory and innovative compute-in-memory architectures. This page serves as the definitive source for official company announcements and market-moving developments.
Investors and industry professionals will find curated updates spanning product launches, financial results, strategic partnerships, and technological breakthroughs. Our collection includes press releases related to the Gemini associative processing units, enterprise networking solutions, and applications across defense, telecommunications, and AI sectors.
All content is sourced directly from GSI Technology’s corporate communications, ensuring accuracy and timeliness. Bookmark this page for streamlined access to critical updates about memory technology innovations and semiconductor industry leadership.
GSI Technology, Inc. (NASDAQ: GSIT) revised its financial results for the fourth quarter and fiscal year ended March 31, 2022. The revision led to a reduction of approximately $1.3 million in selling, general, and administrative expenses, decreasing the contingent consideration liability. Fiscal year revenue grew over 20% to $33.4 million, with a gross margin of 55.5%. The company reported a net loss of $(16.4 million) for the year, an improvement from $(21.5 million) in the previous year. For Q1 fiscal 2023, expected revenues are between $8.5 million and $9.5 million, with a gross margin of 60%-62%.
GSI Technology, Inc. (NASDAQ: GSIT) reported its financial results for Q4 and FY 2022, highlighting a revenue increase of over 20% year-over-year to $33.4 million. Q4 revenue rose by 8% to $8.7 million, with gross margin improving to 58.6%, up from 50.2% a year prior. Despite a net loss of $(4.3 million) in Q4, the company's operating loss narrowed to $(4.3 million) from $(5.3 million) last year. The company anticipates Q1 FY 2023 net revenues between $8.5 million and $9.5 million, with a gross margin of 60% to 62%. GSI maintains a strong balance sheet with $44 million in cash and no debt.
GSI Technology, Inc. (Nasdaq: GSIT) will announce its financial results for the fourth quarter of fiscal 2022 on May 5, 2022, after market close. The announcement will be followed by a conference call at 1:30 PM PT to discuss the financial results and the first-quarter outlook for fiscal 2023. GSI specializes in high-performance memory solutions and AI processing units, recently launching radiation-hardened memory products for extreme environments. Investors can participate in the call by dialing specific numbers or accessing it online through their website.
GSI Technology, Inc. (Nasdaq: GSIT) announced a victory in the MoSAIC Challenge, securing first place in the Human/Object Tagging category. This win highlights their software's capability to detect, classify, and track humans and objects in real-time HD video. The achievement builds on previous success in the MAFAT Radar Challenge and positions GSI favorably with the U.S. Department of Defense and Israeli defense organizations. The MoSAIC Challenge aims to enhance autonomous indoor navigational technology, addressing key technological gaps.
GSI Technology, Inc. (NASDAQ: GSIT) reported its third fiscal quarter results for the period ended December 31, 2021, with net revenues of $8.1 million, a 19% increase year-over-year. Gross margin improved to 55.3% from 47.3% a year ago. However, the company posted a net loss of $4.6 million, consistent with the previous quarter. GSI plans to release an APU Compiler Stack in February 2022 to enhance software development for high-performance computing. Current expectations for the upcoming quarter indicate net revenues of $7.5 million to $8.5 million due to ongoing supply chain constraints.
GSI Technology, Inc. (Nasdaq: GSIT) will announce its third quarter financial results for fiscal year 2022, ended December 31, 2021, on January 27, 2022, after market close. Management will host a conference call at 1:30 p.m. Pacific Time to discuss these results and provide insights into the fourth quarter outlook. The conference call can be accessed via phone or streamed live online, with a replay available for a limited time. GSI is noted for its advanced memory solutions, including the Gemini Associative Processing Unit (APU), enhancing performance in AI applications.
GSI Technology, Inc. (Nasdaq: GSIT) announced an initial order from Elta System Ltd to develop a Synthetic Aperture Radar (SAR) image processing acceleration system utilizing its Gemini Associative Processing Unit (APU) technology. This system aims to dramatically increase processing speeds and reduce costs for SAR observation missions. The APU technology significantly enhances performance, reducing processing times from minutes to seconds while using 93% less power compared to traditional CPU/GPU systems. GSI aims to leverage this partnership to revolutionize SAR image construction.
GSI Technology, Inc. (Nasdaq: GSIT) will be participating in the 24th Annual Needham Virtual Growth Conference on January 10, 2022. CFO Douglas Schirle and VP of Sales Didier Lasserre will present at 11:30 am EST in Track 3 and hold one-on-one meetings. A live webcast of the presentation will be available on GSI's website, along with an archive for 90 days post-event. GSI is recognized for its semiconductor memory solutions, including radiation-hardened products for extreme environments and the Gemini APU, a memory-centric design for AI applications.
GSI Technology (Nasdaq: GSIT) showcased its prowess in the AI sector by ranking among leaders in the Billion-Scale Approximate Nearest Neighbor Search (ANNS) Challenge at NeurIPS 2021. This challenge aimed to evaluate algorithms on large datasets, highlighting GSI's performance that surpassed the established FAISS baseline across all datasets. GSI's innovative Gemini® Associative Processing Unit (APU), under development since 2016, demonstrated significant potential in AI applications. The company anticipates launching its compiler stack in 2022 to enhance algorithm optimization.
