Company: GCTS
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0000929638-25-001279
Chunk: 79

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 79
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 our business operations and financial performance may be adversely affected. Our operating results may fluctuate from period to period and difficulty in predicting our quarterly operating results could cause the market price of our Common Stock to decline. Our revenue and operating results have fluctuated significantly from period to period in the past and will do so in the future. As a result, you should not rely on period-to-period comparisons of our operating results as an indication of our future performance. In future periods, our revenue and results of operations may be below the expectations of analysts and investors, which could cause the market price of our Common Stock to decline. Factors that may cause our operating results to fluctuate include but are not limited to: • changes in the size, growth or growth prospects of the 5G markets; • timing and success of commercial deployments of and upgrades to 4G and the next generation 5G wireless networks; • our ability to develop and sell new products and penetrate into new markets; • our ability to successfully design and release new products in a timely manner that meet our customers’ needs; • the timing of customer orders and the delivery of our products; • the timing of product announcements by competitors or us; • changes in the competitive dynamics of our market, including new entrants or pricing pressures, and our ability to compete in the 4G LTE and 5G markets; • changes in the pricing of our products and any discounts or rebates that we offer to customers; • costs associated with litigation, especially related to intellectual property and securities class actions; • costs associated with any violation of the U.S. Foreign Corrupt Practices Act, the United Kingdom Bribery Act, or other similar foreign laws; • reductions in orders and cancellations by our major customers; • changes in manufacturing costs, including wafer, test and assembly costs; • the impact of rising inflation and interest rates on consumer demand for electronic products; • availability of adequate manufacturing capacity for our products; and • general economic conditions globally and in regions where we operate. Moreover, sales of our semiconductor solutions fluctuate from period to period due to cyclicality in the semiconductor industry and the short product life cycles and wide fluctuations in product supply and demand characteristics of this industry. We expect these cyclical conditions to continue. Due to our limited operating history, we have yet to experience an established pattern of seasonality. However, business activities in Asia generally slowdown in the first quarter of each year during the lunar new year period, which could harm our sales and results of operations during the period. Our