GSI Technology (GSIT) Q1 EPS Up Y/Y on Sale-Leaseback Deal

GSI Technology, Inc. (GSIT) reported earnings per share (EPS) of $0.04 for the first quarter of fiscal 2025, a significant improvement from the loss of $0.21 per share in the same quarter last year. Sales to Nokia amounted to $1 million, or 21.4% of net revenues compared with $1.9 million, or 33.5% of net revenues, in the same period last year. Military and defense sales represented 31.9% of total shipments for the quarter compared with 33.8% in the same period last year. SigmaQuad sales were 36.3% of total ...