GSI Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 27, 2022 at 04:05 pm EST
Share
GSI Technology, Inc. reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was USD 8.07 million compared to USD 6.76 million a year ago. Net loss was USD 4.58 million compared to USD 5.22 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.22 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to USD 0.22 a year ago.
For the nine months, sales was USD 24.65 million compared to USD 20.04 million a year ago. Net loss was USD 13.36 million compared to USD 16.52 million a year ago. Basic loss per share from continuing operations was USD 0.55 compared to USD 0.7 a year ago. Diluted loss per share from continuing operations was USD 0.55 compared to USD 0.7 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.