GSI TECHNOLOGY, INC.


Associated tags: DRAM, Architecture, GPU, Gemini, APU, CPU, AI, Conference, GSI, Internet, Video game, Telecommunications, Telecommunication, Research

Locations: NEW YORK CITY, NEEDHAM, SUNNYVALE, CA, US, SAR

GSI Technology, Inc. Reports Third Quarter Fiscal 2021 Results

SigmaQuad sales were 62.0% of third quarter shipments compared to 62.0% in the third quarter of fiscal 2020 and 65.4% in the prior quarter.

Key Points: 
  • SigmaQuad sales were 62.0% of third quarter shipments compared to 62.0% in the third quarter of fiscal 2020 and 65.4% in the prior quarter.
  • Total operating expenses in the third quarter of fiscal 2021 were $8.3 million, compared to $10.8 million in the third quarter of fiscal 2020 and $8.3 million in the prior quarter.
  • Third quarter fiscal 2021 operating loss was $(5.2 million) compared to $(4.7 million) in the prior year period and an operating loss of $(5.2 million) in the prior quarter.
  • Total third quarter pre-tax stock-based compensation expense was $693,000 compared to $629,000 in the comparable quarter a year ago and $653,000 in the prior quarter.

GSI Technology to Announce Third Quarter Fiscal Year 2021 Results on January 28, 2021

Management will also conduct a conference call to review the Company's third quarter financial results and its current outlook for the fourth quarter of fiscal 2021 at1:30 p.m.Pacific time (4:30 p.m.Eastern Time) on that same day.

Key Points: 
  • Management will also conduct a conference call to review the Company's third quarter financial results and its current outlook for the fourth quarter of fiscal 2021 at1:30 p.m.Pacific time (4:30 p.m.Eastern Time) on that same day.
  • A webcast of the call will be archived on the Companys investor relations website under the Events and Presentations tab.
  • Founded in 1995, GSI Technology, Inc. is a leading provider of SRAM semiconductor memory solutions.
  • Gemini is ideal for edge applications with a smaller footprint and lower power consumption, where rapid, accurate responses are critical.

GSI Technology Takes Home First Prize in MAFAT Radar Challenge

GSI Technology was awarded the $25,000 Grand Prize after passing all the competitions formal and technical eligibility tests.

Key Points: 
  • GSI Technology was awarded the $25,000 Grand Prize after passing all the competitions formal and technical eligibility tests.
  • GSI Technology overcame this challenge through visualization and data manipulation using classic CNN (convolutional neural network) models.
  • Id also like to acknowledge the leadership of Daphna Idelson and the GSI team throughout this challenge.
  • This years MAFAT Radar Challenge focused on the classification of living, non-rigid objects detected by doppler-pulse radar systems.

GSI Technology to Participate in the 23rd Annual Needham Virtual Growth Conference

The 23rd Annual Needham Growth Conference will be held virtually January 11-14, 2021.

Key Points: 
  • The 23rd Annual Needham Growth Conference will be held virtually January 11-14, 2021.
  • To register for the conference and schedule a one-on-one meeting with GSI Technology contact your representative at Needham & Company.
  • Founded in 1995, GSI Technology, Inc. is a leading provider of semiconductor memory solutions.
  • Headquartered in Sunnyvale, California, GSI Technology has 172 employees, 114 engineers, and 92 granted patents.

GSI Technology, Inc. Appoints Former Amazon and Microsoft Executive Gur Kimchi to Advisory Board

After joining Amazon in 2012, Gur co-founded the Amazon Prime Air delivery-by-drone project and led the organization for over seven years, culminating recently with Amazon being granted a Part-135 commercial airline certificate by the FAA.

Key Points: 
  • After joining Amazon in 2012, Gur co-founded the Amazon Prime Air delivery-by-drone project and led the organization for over seven years, culminating recently with Amazon being granted a Part-135 commercial airline certificate by the FAA.
  • A veteran of five early stage companies, Gur previously served on the board of Waze (acquired by Google) and was one of the early developers of VoIP technology and IP-based telecommunications interoperability standards.
  • "Gur Kimchi is a visionary and strong leader, who excels at implementing visions, building teams, and leading them to success," said GSI Technology's Chairman and CEO, Lee-Lean Shu.
  • We are building a pipeline of candidates for the Advisory Board and plan to expand the Board as opportunities arise."

GSI Technology, Inc. Reports Second Quarter Fiscal 2021 Results

SigmaQuad sales were 65.4% of second quarter shipments compared to 63.5% in the second quarter of fiscal 2020 and 46.3% in the prior quarter.

Key Points: 
  • SigmaQuad sales were 65.4% of second quarter shipments compared to 63.5% in the second quarter of fiscal 2020 and 46.3% in the prior quarter.
  • Total operating expenses in the second quarter of fiscal 2021 were $8.3 million, compared to $8.5 million in the second quarter of fiscal 2020 and $8.7 million in the prior quarter.
  • Second quarter fiscal 2021 operating loss was $(5.2 million) compared to $(1.9 million) in the prior year period and $(5.7 million) in the prior quarter.
  • Total second quarter pre-tax stock-based compensation expense was $653,000 compared to $642,000 in the comparable quarter a year ago and $755,000 in the prior quarter.

GSI Technology, Inc. Appoints Kim Le to Board of Directors

Le brings over 25 years of experience in public accounting, internal auditing and building businesses.

Key Points: 
  • Le brings over 25 years of experience in public accounting, internal auditing and building businesses.
  • She has an extensive background in advising board of directors, audit committees and C-level executives on matters related to corporate governance and internal controls.
  • We are pleased to have Kim join the Board of Directors as an independent director, said GSI Technologys Chairman and CEO, Lee-Lean Shu.
  • GSI Technology is headquartered in Sunnyvale, California and has sales offices in the Americas, Europe, and Asia.

GSI Technology to Participate in the Sidoti 2020 Virtual Microcap Conference

Management will also host a group presentation the same day at 4:00-4:30 p.m. Eastern time in Estate 6.

Key Points: 
  • Management will also host a group presentation the same day at 4:00-4:30 p.m. Eastern time in Estate 6.
  • Please visit the events section of the Sidoti & Company website at https://sidoticonference.com to register for the conference and schedule a one-on-one meeting with GSI Technology.
  • Founded in 1995, GSI Technology, Inc. is a leading provider of semiconductor memory solutions.
  • GSI Technology is headquartered in Sunnyvale, California and has sales offices in the Americas, Europe, and Asia.

GSI Technology to Announce Second Quarter Fiscal Year 2021 Results on October 29, 2020

SUNNYVALE, Calif., Oct. 15, 2020 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), a leading provider of high-performance memory solutions for the networking, telecommunications and military markets, and developer of the Gemini Associative Processing Unit (APU) for Artificial Intelligence, will announce financial results for its second quarter fiscal year 2021 endedSeptember 30, 2020after the market close onThursday, October 29, 2020.

Key Points: 
  • SUNNYVALE, Calif., Oct. 15, 2020 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), a leading provider of high-performance memory solutions for the networking, telecommunications and military markets, and developer of the Gemini Associative Processing Unit (APU) for Artificial Intelligence, will announce financial results for its second quarter fiscal year 2021 endedSeptember 30, 2020after the market close onThursday, October 29, 2020.
  • Management will also conduct a conference call to review the Company's second quarter financial results and its current outlook for the third quarter of fiscal 2021 at1:30 p.m.Pacific time (4:30 p.m.Eastern Time) on that same day.
  • Founded in 1995, GSI Technology, Inc. is a leading provider of semiconductor memory solutions.
  • GSI Technology is headquartered in Sunnyvale, California and has sales offices in the Americas, Europe, and Asia.

GSI Technology to Participate in the Linley Fall Processor Conference 2020 Virtual Event

We are pleased to take part in the Linley Processor Conference and look forward to creating a dialogue on APUs, said Haig.

Key Points: 
  • We are pleased to take part in the Linley Processor Conference and look forward to creating a dialogue on APUs, said Haig.
  • Linley Fall Processor Conference attendees are encouraged to schedule one-on-ones with GSI through the conferences online calendar application.
  • Founded in 1995, GSI Technology, Inc. is a leading provider of semiconductor memory solutions.
  • GSI Technology is headquartered in Sunnyvale, California and has sales offices in the Americas, Europe, and Asia.