gsi technology inc (GSIT) Key Developments
GSI Technology Inc.(NasdaqGS:GSIT) dropped from Russell 2000 Index
Jun 30 14
GSI Technology Inc. will be removed from the Russell 2000 Index.
GSI Technology Inc.(NasdaqGS:GSIT) dropped from Russell 3000 Index
Jun 30 14
GSI Technology Inc. will be removed from the Russell 3000 Index.
GSI Technology Inc. and MoSys, Inc. Announce Dual-Sourcing Product and Technology Partnership for High-Performance Networking and Communication ICs
May 19 14
GSI Technology Inc. and MoSys, Inc. announced a dual-sourcing product and technology partnership. The partnership includes alternate sourcing of the GSI SigmaQuad(TM) IVe SRAM family and the MoSys(R) Bandwidth Engine(R) 2 and 3 families of ICs. These uniquely architected, highly innovative product families provide the high access rate solutions available for next generation networking equipment. Additionally, the companies plan to leverage the partnership and respective technologies to enable expanded roadmaps of dual-sourced high-performance memory and intelligent offload products. The edge technologies available from MoSys and GSI enable higher capacity and performance, ensuring that next-generation systems can meet growing user expectations for an ever faster and more intelligent network. This partnership provides customers with two sources of supply and a path to an expanded roadmap of high-performance parallel and serial memory products, as well as packet processor offload products, from two technology leaders.
GSI Technology Inc. Presents at LD MICRO 4th Annual Micro-Cap Invitational, Jun-04-2014
May 7 14
GSI Technology Inc. Presents at LD MICRO 4th Annual Micro-Cap Invitational, Jun-04-2014 . Venue: Luxe Sunset Bel Air, 11461 Sunset Boulevard, Los Angeles, CA 90049, United States.
GSI Technology Inc. Announces Unaudited Consolidated Fourth Quarter and Year Ended March 31, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014
May 2 14
GSI Technology Inc. announced unaudited consolidated fourth quarter and year ended March 31, 2014. The company reported a net loss of $5.4 million, or $0.20 per diluted share, on net revenues of $12.8 million for the fourth quarter of fiscal 2014, compared to net income of $950,000, or $0.03 per diluted share, on net revenues of $15.7 million in the quarter ended March 31, 2013. Fourth-quarter fiscal 2014 operating loss was $3.6 million, compared to an operating loss of $1.9 million in the prior quarter and operating income of $439,000 a year ago. Loss before income taxes was $3,532,000 against income of $527,000 a year ago.
For the year, the company reported a net loss of $6.2 million, or $0.23 per diluted share, on net revenues of $58.6 million, compared to net income of $3.8 million, or $0.14 per diluted share, on net revenues of $66.0 million in the fiscal year ended March 31, 2013. Operating loss was $5,814,000 against operating income of $3,420,000 a year ago. Loss before income taxes was $5,476,000 against income of $3,884,000 a year ago.
The company currently expects net revenues in the fourth quarter of fiscal 2014 to be in the range of $13.0 million to $14.0 million, with gross margin of approximately 40% to 42%.