GSI Technology Inc. recently filed its 10-Q report for the quarter ended December 31, 2024, showing a slight increase in net revenues to $5.4 million. However, net revenues for the nine-month period decreased to $14.6 million. The company reported a gross profit of $2.9 million, down from the previous year, mainly due to lower product prices. Research and development expenses decreased, while selling, general, and administrative expenses increased.
Despite a decrease in net loss to $4.0 million, the company reported cash used in operating activities of $11.3 million. GSI Technology had cash of $15.1 million, with a focus on developing associative computing products and managing costs. The filing also highlighted risk factors including geopolitical tensions and industry cyclicality.
Overall, GSI Technology does not anticipate cash dividends for common stockholders in the near future. The company remains focused on its products and financial management strategies. For more information, the full 10-Q report can be accessed on SEC.gov.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
