The following is a summary of the GSI Technology, Inc. (GSIT) Q4 2024 Earnings Call Transcript:

Financial Performance:

• GSI Technology reported a Q4 net loss of $4.3 million or $0.17 per diluted share, on net revenues of $5.2 million.

• Ended fiscal 2024 with a net loss of $20.1 million, or $0.80 per diluted share, on net revenues of $21.8 million.

• Cash and cash equivalents amounted to $14.4 million.

• Gross margin for fiscal 2024 was 54.3% compared to 59.6% a year prior.

Business Progress:

• During Q4, initiated the launch of two high-capacity servers integrated with Gemini-I APU for SAR and Fast Vector Search applications.

• Ongoing progress with Gemini-II testing, with plans to complete this phase by the end of Q2.

• Expect to secure first sales of Gemini-I in the second half of fiscal 2025.

• Aiming to commence customer sampling of Gemini-II later this year, and secure strategic partnerships for Gemini-III.

• An ongoing strategic review aims to maximize stockholder value, considering options such as equity or debt financing, and the divestiture of assets.

• Plans to maintain legacy sales at the current run rate, and focus on the Gemini-I sales for SaaS solution.

More details: GSI Technology IR

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