GSI Technology, Inc. Revises Preliminary Revenue Guidance for the Third Quarter Ended December 31, 2018
January 15, 2019 at 04:30 pm IST
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GSI Technology, Inc. revised preliminary revenue guidance for the third quarter ended December 31, 2018. The company expects to report net revenues in the range of $14.6 million to $14.8 million for its third fiscal quarter ended December 31, 2018, compared to guidance of net revenues in a range of $12.8 million to $13.8 million that the company provided in its October 25, 2018 earnings press release.
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.