Overview

* GSI Technology ( GSIT ) fiscal Q2 revenue grows 42% yr/yr, driven by demand for SRAM solutions

* Net loss for fiscal Q2 narrows compared to prior year, reflecting improved financial performance

* Company closes $50 mln direct offering to fund APU product line development

Outlook

* Company expects Q3 net revenues between $6.0 mln and $6.8 mln

* Company anticipates Q3 gross margin of approximately 54% to 56%

* GSI Technology ( GSIT ) focuses on Gemini-II and Plato chip for edge AI market

Result Drivers

* SRAM DEMAND - Revenue growth driven by strong demand for SRAM solutions

* GEMINI-I VALIDATION - Cornell research validated Gemini-I APU's performance against NVIDIA's A6000 GPU with lower energy use

* GEMINI-II DEVELOPMENT - Gemini-II APU development poised to enhance processing power and energy efficiency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $6.44

Revenue mln

Q2 EPS -$0.11

Q2 Net -$3.18

Income mln

Q2 $6.72

Operatin mln

g

Expenses

Q2 -$3.18

Operatin mln

g Income

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)