Financial Performance - GSI Technology reported net revenues of (4.1) million, an improvement from (5.6) million in Q2 FY2025[7]. - Net loss for Q3 FY2025 was (0.16) per diluted share, compared to (0.26) per diluted share in Q3 FY2024[8]. - Research and development expenses decreased to 7.0 million in the prior-year period[5]. - GSI Technology anticipates Q4 FY2025 net revenues to be in the range of 6.2 million, with a gross margin of approximately 55% to 57%[2]. Sales and Revenue Composition - Sales to Nokia accounted for 4.4% of net revenues in Q3 FY2025, down from 15.2% in Q3 FY2024[4]. - Military/defense sales represented 30.0% of shipments in Q3 FY2025, compared to 28.2% in the same period a year ago[4]. Cash and Assets - The company had 14.4 million at March 31, 2024[9]. - Total assets increased to 42,464 million on March 31, 2024, representing a growth of 3.93%[20]. - Cash and cash equivalents rose to 14,429 million[20]. - Accounts receivable increased to 3,118 million[20]. - Inventory decreased to 4,977 million[20]. Liabilities and Equity - Current liabilities increased to 5,365 million[20]. - Long-term liabilities significantly increased to 1,129 million, indicating a rise of 636.2%[20]. - Stockholders' equity decreased to 35,970 million, a decline of 16.7%[21]. - Operating lease right-of-use assets increased to 1,553 million, a substantial rise of 533.5%[20]. - Other current assets decreased to 1,954 million, a decline of 35.2%[20]. - Total liabilities and stockholders' equity remained consistent at $44,133 million as of December 31, 2024[21]. Technology Development - GSI Technology is progressing on the development of its APU technology, with the Gemini-II chip on track for a February tape-out and availability in May[2].
GSI Technology(GSIT) - 2025 Q3 - Quarterly Results