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) reported its financial results for the second fiscal quarter ending September 30, 2021, with net revenues of $7.8 million, up from $6.7 million in Q2 2020. The gross margin was 53.6%, compared to 46.7% a year earlier. Operating loss was $(4.5 million), reduced from $(5.2 million) year-over-year. The net loss was $(4.6 million) or $(0.19) per diluted share. The company expects Q3 revenues between $7.2 million to $8.2 million amid ongoing supply chain issues. GSI remains focused on expanding its APU market opportunities, projected to grow significantly by 2025.
GSI Technology, Inc. (Nasdaq: GSIT) will announce its financial results for the second quarter of fiscal year 2022 on October 28, 2021, after market close. A conference call will be held to discuss these results and provide an outlook for the third quarter at 1:30 PM PT (4:30 PM ET). Stakeholders can participate via phone or listen online. The company specializes in high-performance memory solutions and AI technologies. Founded in 1995, GSI Technology continues to innovate in radiation-hardened memory products and AI applications.
GSI Technology (Nasdaq: GSIT), a leader in high-performance memory solutions, announces participation in the Jefferies Virtual Semiconductor, IT Hardware & Communications Infrastructure Summit on August 31, 2021. Chief Financial Officer Douglas Schirle and Vice President Didier Lasserre will hold one-on-one meetings during the event. GSI focuses on developing advanced memory products, including Gemini Associative Processing Units for AI applications. Founded in 1995 and headquartered in Sunnyvale, California, GSI serves markets in the Americas, Europe, and Asia.
GSI Technology (Nasdaq: GSIT) has announced a partnership with Amazon Web Services (AWS) for the launch of OpenSearch 1.0. This collaboration aims to enhance vector search capabilities in various applications, including e-commerce and natural language processing, through GSI's Gemini APU. The new project offers K nearest neighbor (K-NN) plugin support, improving performance and reducing costs for large-scale database searches. GSI anticipates expanding market reach and increasing Gemini system beta users by late 2021, with a broader rollout expected in 2022.
GSI Technology, Inc. (NASDAQ: GSIT) reported its financial results for the first fiscal quarter ending June 30, 2021. Net revenues reached $8.8 million, up from $6.6 million year-over-year. Gross margin improved to 54.4% due to higher SigmaQuad sales. The net loss narrowed to $(4.2 million) or $(0.17 per share), in contrast to $(6.1 million) in the same period last year. Future guidance indicates net revenues of $6.9 million to $7.9 million for Q2 2022, impacted by supply chain challenges and COVID-19 effects.
GSI Technology, Inc. (Nasdaq: GSIT) will release its first quarter fiscal year 2022 financial results on July 29, 2021, after market close. The subsequent conference call will take place at 1:30 p.m. Pacific Time to review results and discuss the second quarter outlook. Interested participants can join via phone or online. GSI, known for its high-performance memory solutions and the Gemini Associative Processing Unit for AI applications, has a focus on innovation in semiconductor memory technology.
GSI Technology, Inc. (NASDAQ: GSIT) reported financial results for Q4 and FY 2021, ending March 31, 2021. Q4 net revenues were $7.7 million, up from $6.8 million in Q3 but down from $8.5 million a year ago. The company recorded a net loss of $5.0 million, or $0.21 per share. FY 2021 net revenues totaled $27.7 million, a decline from $43.3 million in FY 2020, with a net loss of $21.5 million. Gross margin declined to 47.7%. Looking forward, GSI expects Q1 FY 2022 revenues between $8.1 million and $9.1 million, with a gross margin of 54-56%.
GSI Technology, Inc. (Nasdaq: GSIT) will announce its fourth quarter fiscal year 2021 financial results on May 6, 2021, after market close. The results will cover the period ending March 31, 2021. Management will hold a conference call at 1:30 p.m. Pacific Time to discuss the results and provide an outlook for Q1 of fiscal 2022. The call can be accessed via phone or live-streamed online. A replay will be available from May 6 to May 13, 2021. GSI specializes in SRAM semiconductor memory solutions and recently launched innovative products for AI applications.
GSI Technology, Inc. (Nasdaq: GSIT) has partnered with Space Micro to develop a real-time data sorting inference processing unit (IPU) board for NASA’s Earth observation missions. This Phase 1 contract aims to enhance processing power to manage the large data outputs from advanced sensors in space. The IPU is designed to offer superior parallel processing capabilities, enabling potential NASA missions involving both manned and unmanned platforms. GSI’s Gemini® APU is integral to this advancement, showcasing its application in high-performance space computing technology.
GSI Technology, Inc. (Nasdaq: GSIT) announced participation in the MicroCap Rodeo's Winter Wonderland Conference on February 17, 2021, featuring a presentation by CFO Doug Schirle and VP Didier Lasserre.
The conference, held from February 16-19, includes virtual presentations and one-on-one meetings for institutional investors. GSI was recommended by Roumell Asset Management, contributing to its recognition in the micro-cap investment community. The company specializes in high-performance memory solutions and the innovative Gemini Associative Processing Unit for AI applications.
