GSI Technology Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012; Provides Earnings Guidance for the Fourth Quarter of 2013
January 31, 2013 at 04:07 pm EST
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GSI Technology Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net revenues of $17,514,000 against $19,975,000 a year ago. Operating income was $595,000 against $687,000 a year ago. Income before income taxes was $704,000 against $844,000 a year ago. Net income was $844,000 or $0.03 per basic and diluted share against $991,000 or $0.03 per basic and diluted share a year ago.
For the nine months, the company reported net revenues of $50,307,000 against $63,806,000 a year ago. Operating income was $2,981,000 against $6,739,000 a year ago. Income before income taxes was $3,357,000 against $7,141,000 a year ago. Net income was $2,896,000 or $0.10 per diluted share against $5,927,000 or $0.20 per basic and diluted share a year ago.
The company provided earnings guidance for the fourth quarter of 2013. For the period, the company expects net revenues to be in the range of $15.6 million to $16.6 million, with gross margin of approximately 43%.
GSI Technology, Inc. is a provider of semiconductor memory solutions. The Company provides in-place associative computing solutions for applications in high growth markets such as artificial intelligence (AI) and high-performance computing (HPC), including natural language processing and computer vision. The Company's 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. The Company operates through one segment: the design, development and sale of integrated circuits. It designs, develops and markets static random-access memory (SRAM). Its SRAM offerings include 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.
GSI Technology Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012; Provides Earnings Guidance for the Fourth Quarter of 2013
GSI TECHNOLOGY, INC. 
