GSI Technology Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014
January 31, 2014 at 02:35 am IST
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GSI Technology Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net revenues of $13,778,000 against $17,514,000 a year ago. Operating loss was $1,378,000 against operating income of $595,000 a year ago. Loss before income taxes was $1,316,000 against income before income taxes of $704,000 a year ago. Net loss was $210,000 or $0.01 per basic and diluted share against net income of $844,000 or $0.03 per basic and diluted share a year ago.
For the nine months, the company reported net revenues of $45,732,000 against $50,307,000 a year ago. Operating loss was $1,678,000 against operating income of $2,981,000 a year ago. Loss before income taxes was $1,420,000 against income before income taxes of $3,357,000 a year ago. Net loss was $265,000 or $0.01 per diluted share against net income of $2,896,000 or $0.10 per diluted share a year ago.
The company currently expects net revenues in the fourth quarter of fiscal 2014 to be in the range of $12.5 million to $13.5 million, with gross margin of approximately 38% to 40%.
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. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014
GSI TECHNOLOGY, INC. 
