GSI Technology Inc
NASDAQ:GSIT
GSI Technology Inc
GSI Technology, Inc. engages in the design, development and marketing of memory products primarily for the networking, and telecommunications markets. The company is headquartered in Sunnyvale, California and currently employs 178 full-time employees. The company went IPO on 2007-03-29. The firm designs develops and markets static random-access memories (SRAM). Its business segment is the design, development and sale of integrated circuits. Its SRAM offerings include Synchronous Burst (SyncBurst), No Bus Turnaround (NBT), SigmaQuad and SigmaDDR. Its SyncBurst and NBT SRAMs implement a common input/output (I/O) single data rate (SDR) bus protocol. SyncBurst SRAMs are developed for microprocessor cache applications. NBT SRAMs are offshoots of the SyncBurst SRAM architecture and are developed to address the needs of networking and telecom applications. SigmaQuad SRAMs implement a separate I/O double data rate (DDR) bus protocol, while SigmaDDR SRAMs implement a common I/O, DDR bus protocol. SigmaQuad and SigmaDDR products are developed for networking and telecom applications. The firm sells its products to original equipment manufacturers (OEM).
GSI Technology, Inc. engages in the design, development and marketing of memory products primarily for the networking, and telecommunications markets. The company is headquartered in Sunnyvale, California and currently employs 178 full-time employees. The company went IPO on 2007-03-29. The firm designs develops and markets static random-access memories (SRAM). Its business segment is the design, development and sale of integrated circuits. Its SRAM offerings include Synchronous Burst (SyncBurst), No Bus Turnaround (NBT), SigmaQuad and SigmaDDR. Its SyncBurst and NBT SRAMs implement a common input/output (I/O) single data rate (SDR) bus protocol. SyncBurst SRAMs are developed for microprocessor cache applications. NBT SRAMs are offshoots of the SyncBurst SRAM architecture and are developed to address the needs of networking and telecom applications. SigmaQuad SRAMs implement a separate I/O double data rate (DDR) bus protocol, while SigmaDDR SRAMs implement a common I/O, DDR bus protocol. SigmaQuad and SigmaDDR products are developed for networking and telecom applications. The firm sells its products to original equipment manufacturers (OEM).
Revenue Growth: Revenue for the third quarter rose 12% year-over-year and 28.5% on a fiscal year-to-date basis, indicating solid demand especially for SRAM products.
Gemini-II Performance: The Gemini-II chip demonstrated a time-to-first-token (TTFT) up to 3x faster than competitors at 30 watts, which is key for edge AI applications like drones.
Government Funding: GSI expects over $1 million in government funding for its Sentinel proof-of-concept with G2 Tech, which will offset R&D expenses.
Increased R&D Spend: Operating expenses and R&D costs rose sharply due to investments in new product development, especially the purchase of IP for the Plato project.
Cash Position: Cash and cash equivalents climbed to $70.7 million at quarter-end, primarily from a $46.9 million capital raise.
Q4 Guidance: Management expects fourth quarter revenue between $5.7 million and $6.5 million and gross margin between 54% and 56%.
