Gsi Technology, Inc. Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 29, 2021 at 02:35 am IST
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GSI Technology, Inc. announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced sales was USD 6.763 million compared to USD 10.049 million a year ago. Operating loss was USD 5.151 million compared to USD 4.743 million a year ago. Net loss was USD 5.216 million compared to USD 4.620 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.2 a year ago. For the nine months, sales was USD 20.043 million compared to USD 34.808 million a year ago. Operating loss was USD 15.999 million compared to USD 6.895 million a year ago. Net loss was USD 16.523 million compared to USD 6.513 million a year ago. Basic loss per share from continuing operations was USD 0.7 compared to USD 0.28 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. 
