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GSI Technology, Inc. (NASDAQ: GSIT) is a leading provider of high-performance semiconductor memory solutions, founded in 1995 and headquartered in Sunnyvale, California. The company specializes in static random access memory (SRAM) products, which are primarily used in networking and telecommunications equipment, such as routers, switches, and wireless base stations. GSI Technology’s products are also vital for military, aerospace, industrial, and automotive markets.
Core Business: GSI Technology is renowned for its development and marketing of Very Fast SRAM, which supports performance-critical operations. The company’s products are incorporated into a range of equipment from original equipment manufacturers (OEMs), such as Nokia, and serve various markets including military and defense, industrial, and medical sectors. GSI Technology operates globally, with locations in China, Singapore, the Netherlands, Germany, and the United States.
Recent Achievements: In recent months, GSI Technology has successfully launched the alpha version of its Copperhead compiler suite, a Python-based tool designed to harness the capabilities of its Gemini APU. The company has also completed the tape-out for Gemini-II, with sampling expected in the second half of 2024. Financially, GSI Technology reported second-quarter fiscal 2024 revenues of $5.7 million, operating at the high end of its guidance range.
Current Projects: GSI Technology is advancing its Gemini APU technology, focusing on applications that require low power consumption and radiation tolerance, making it ideal for future space satellites. Additionally, the company is working on Fast Vector Search and benchmarking a Synthetic Aperture Radar (SAR) customer’s database.
Financial Condition: For the second quarter of fiscal 2024, GSI Technology reported a net loss of $4.1 million on revenues of $5.7 million. The company has $25.3 million in cash, cash equivalents, and short-term investments with no debt, and a working capital of $28.8 million.
Partnerships: GSI Technology collaborates with academic institutions like UC Riverside and industry partners to develop cutting-edge compute-in-memory technology for AI and high-performance computing applications. These partnerships are critical for advancing the capabilities of the Gemini APU and exploring new markets.
Products: GSI Technology offers a range of memory products, including radiation-hardened memory for extreme environments, and associative processing units like Gemini-I and Gemini-II, which deliver significant performance advantages for diverse AI applications.
Outlook: The company anticipates third-quarter fiscal 2024 revenues between $5.4 million and $6.2 million, with a gross margin of approximately 55% to 57%. Ongoing efforts include refining the Gemini-I product offerings and progressing discussions with key hyperscale partners to develop Gemini-III, aimed at unlocking the full capabilities of in-memory computing for generative AI applications.
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.
GSI Technology (GSIT) reported its third fiscal quarter results for December 31, 2020, revealing a net revenue of $6.8 million, down from $10.0 million year-over-year. The gross margin fell to 47.3% from 60.2%. Operating expenses remained stable at $8.3 million, leading to a net loss of $5.2 million or $(0.22) per diluted share. The company cited ongoing impacts from the COVID pandemic as a challenge, while also noting progress with its Gemini APU product. For the upcoming fourth quarter, GSI expects revenues between $6.8 million and $7.8 million, with gross margins around 48% to 50%.
GSI Technology, Inc. (Nasdaq: GSIT) is set to announce its financial results for Q3 FY2021 after market close on January 28, 2021. The conference call will start at 1:30 PM PT, where management will discuss the financial outcomes and the outlook for Q4 FY2021. GSI, a provider of high-performance memory solutions and the Gemini® Associative Processing Unit (APU) for AI, recently launched advanced products for extreme environments, enhancing its commitment to innovative technologies. For more details, visit www.gsitechnology.com.
GSI Technology, Inc. (GSIT) has won first prize in the MAFAT Radar Challenge, receiving a $25,000 Grand Prize for successfully classifying radar signals of humans versus animals using their Gemini Associative Processing Unit (APU). The challenge, sponsored by the Israeli Ministry of Defense, attracted over 1,000 participants and involved analyzing over 6,656 radar segments. This achievement showcases GSI's capabilities in AI and chip design, particularly for complex applications. The company continues to lead in high-performance memory solutions for various sectors.
GSI Technology, Inc. (Nasdaq: GSIT), a prominent provider of high-performance memory solutions, announced that CFO Douglas Schirle and VP Didier Lasserre will host one-on-one meetings at the 23rd Annual Needham Virtual Growth Conference on January 12, 2021. They will also present in a group session from 2:45 to 3:25 p.m. Eastern Time. The conference runs from January 11-14, 2021. GSI specializes in semiconductor memory solutions and recently launched new products, including the Gemini Associative Processing Unit for AI applications.
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