GSI Technology, Inc. Reports Earnings Results for the Third Quarter Ended December 31, 2019
January 31, 2020 at 02:37 am IST
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GSI Technology, Inc. announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced sales was USD 10.049 million compared to USD 14.702 million a year ago. Operating loss was USD 4.743 million compared to operating income of USD 2.236 million a year ago. Net loss was USD 4.620 million compared to net income of USD 2.262 million a year ago. Basic loss per share was USD 0.2 compared to basic earnings per share of USD 0.1 a year ago. For the nine months, sales was USD 34.808 million compared to USD 38.800 million a year ago. Operating loss was USD 6.895 million compared to operating income of USD 183,000 a year ago. Net loss was USD 6.513 million compared to net income of USD 265,000 a year ago. Basic loss per share was USD 0.28 compared to basic earnings per share of USD 0.01 a year ago.
GSI Technology, Inc. is a provider of high-performance semiconductor memory solutions for in-place associative computing applications in markets, such as artificial intelligence and high-performance computing, including natural language processing and computer vision. Its 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. It operates in one segment: the design, development and sale of integrated circuits. It designs, develops and markets static random-access memory (SRAM). It offers four families of high-speed synchronous SRAM: 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, such as networking satellites and missiles.
GSI TECHNOLOGY, INC. 
