Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33387 GSI Technology, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpor ...

| --- | --- | --- | --- | |-------|-------|-------|-------| | | | | | | | | | | Safe Harbor The statements contained in this presentation that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding GSI Technology's expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this presentation are based upon information available to GSI Te ...

Financial Data and Key Metrics Changes - GSI Technology reported a net loss of $4 million or $0.16 per diluted share on net revenues of $8.9 million for Q1 fiscal 2023, compared to a net loss of $4.2 million or $0.17 per diluted share on net revenues of $8.8 million in Q1 fiscal 2022 [24] - Gross margin improved to 60.2% in Q1 fiscal 2023 from 54.4% in the prior year quarter and 58.6% in the preceding quarter [25] - Total operating expenses increased to $9.3 million in Q1 fiscal 2023 from $9.1 million in Q1 fiscal 2022 [26] Business Line Data and Key Metrics Changes - Sales to Nokia were $1.3 million or 14.7% of net revenues in Q1 fiscal 2023, down from $3.8 million or 42% in the same period a year ago [20] - Military defense sales accounted for 22.3% of first quarter shipments, compared to 20.0% in the comparable period a year ago [20] - SigmaQuad sales were 44.8% of first quarter shipments, down from 63.6% in Q1 fiscal 2022 [20] Market Data and Key Metrics Changes - The company has moved the majority of its chip substrate suppliers out of China to mitigate potential COVID-related delays [21] - GSI is facing supply chain variances that could impact order fulfillment but remains optimistic about meeting demand for SRAM customers [22] Company Strategy and Development Direction - The company is focusing on growth opportunities from its APU business and plans to launch Searchium.ai, a SaaS platform, to cater to cloud-only customers [6][8] - GSI aims to build a meaningful pipeline for the APU and close new business for its technology, with a roadmap for the next generation of Gemini products on track [14][15] - The company is leveraging its military and defense business context to engage with new companies and expand its market reach [12] Management's Comments on Operating Environment and Future Outlook - Management expressed a sense of urgency to deliver on goals and create a market for the APU, indicating that fiscal year 2023 is seen as a turning point for the company [16] - The management acknowledged the challenges posed by supply chain constraints but remains confident in fulfilling existing orders [22] Other Important Information - The company had cash, cash equivalents, and short-term investments of $41.5 million as of June 30, 2022, down from $44 million at the end of the previous quarter [28] - Current expectations for Q2 fiscal 2023 are net revenues in the range of $8.5 million to $9.5 million with a gross margin of approximately 61% to 63% [29] Q&A Session Summary Question: Transition of Gemini-1 to Gemini-2 - Management confirmed that software migration from Gemini-1 to Gemini-2 is necessary but anticipates a smoother process due to the learning curve [34] Question: Roadmap for the Gemini Project - Management indicated that a comprehensive roadmap for the Gemini project is not currently available but will consider the suggestion [37] Question: Scalability for Elasticsearch - Management stated that they have sufficient hardware for alpha and beta customers but acknowledged potential lead time issues for larger orders [39] Question: Revenue Model for Elasticsearch - Management is still working on the revenue model for Elasticsearch and has not released any forecasts yet [40] Question: Benefits from the CHIPS Act - Management believes there will be indirect benefits from the CHIPS Act through increased funding to the industry and government projects [41] Question: Collaboration with Merage Institute - Management confirmed that the Merage Institute is facilitating valuable connections and potential POCs following their win in the MoSAIC challenge [44]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2022 GSI Technology, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 77-0398779 (IRS Employer Identification No.) 1213 Elko Drive or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EX ...

GSI Technology, Inc. (NASDAQ:GSIT) Q4 2022 Earnings Conference Call May 5, 2022 4:30 PM ET Company Participants Lee-Lean Shu - Chairman, President and Chief Executive Officer Douglas Schirle - Chief Financial Officer Didier Lasserre - Vice President, Sales Conference Call Participants Jeff Bernstein - Cowen James Poko - Private Investor Luke Gabeni - Private Investor Operator Ladies and gentlemen, thank you for standing by, and welcome to the GSI Technology’s Fourth Quarter and Fiscal 2022 Results Conferenc ...

GSI Technology, Inc. (NASDAQ:GSIT) Q3 2022 Results Earnings Conference Call January 28, 2022 4:30 PM ET Company Participants Lee-Lean Shu – Co-Founder, President, CEO & Chairman Didier Lasserre – VP, Sales Douglas Schirle – CFO Conference Call Participants Jeffrey Bernstein – Cowen Operator Ladies and gentlemen, thank you for standing by. Welcome to GSI Technology's Third Quarter Fiscal 2022 results conference call. At this time, all participants are in a listen-only mode. Later we will conduct a question-a ...

GSI Technology, Inc. (NASDAQ:GSIT) Q2 2022 Earnings Conference Call October 28, 2021 4:30 PM ET Company Participants Lee-Lean Shu - Co-Founder, President, CEO & Chairman Didier Lasserre - VP, Sales Douglas Schirle - CFO Conference Call Participants Denis Pyatchanin - Needham & Company Jeffrey Bernstein - Cowen Brett Reiss - Janney Montgomery Scott John Fichthorn - Dialectic Capital Management Operator Ladies and gentlemen, thank you for standing by. Welcome to GSI Technology's Second Quarter Fiscal 2022 Res ...

| --- | --- | --- | --- | |-------|-------|-------|-------| | | | | | | | | | | Safe Harbor The statements contained in this presentation that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding GSI Technology's expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this presentation are based upon information available to GSI Te ...

GSI Technology, Inc. (NASDAQ:GSIT) Q1 2022 Earnings Conference Call July 29, 2021 4:30 AM ET Company Participants Lee-Lean Shu - Chairman, President & Chief Executive Officer Didier Lasserre - Vice President of Sales Douglas Schirle - Chief Financial Officer Conference Call Participants Jeff Bernstein - Cowen Operator Good day ladies and gentlemen and thank you for standing by. Welcome to GSI Technology's First Quarter Fiscal 2022 Results Conference Call. [Operator Instructions] Before we begin today's call ...

GSI Technology, Inc. (NASDAQ:GSIT) Q4 2021 Earnings Conference Call May 6, 2021 4:30 PM ET Company Participants Lee-Lean Shu - Chairman, President & Chief Executive Officer Didier Lasserre - Vice President of Sales Doug Schirle - Chief Financial Officer Conference Call Participants Kurt Caramanidis - Carl M. Hennig Operator Ladies and gentlemen thank you for standing by. Welcome to GSI Technology's Fourth Quarter and Fiscal Year 2021 Results Conference Call. [Operator Instructions] Before we begin today's c ...