Company: GCTS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000950170-25-044438
Chunk: 258

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 8
Chunk 258
---
 convertible promissory notes

    (1,470
    )

    (1,428
    )

    Loss from initial recognition of common stock forward liability

    (586
    )

    —

    Other income, net

    213

    38

    Loss before provision for income taxes

    (11,934
    )

    (21,928
    )

    Provision for income taxes

    445

    541

    Net loss
     
    $
    (12,379
    )
     
    $
    (22,469
    )

    Net loss per common share(1):

    Basic and diluted
     
    $
    (0.30
    )
     
    $
    (0.94
    )

    Weighted average common shares outstanding(1):

    Basic and diluted

    40,630

    23,991

(1)Amounts for the year ended December 31, 2023 and before that date differ from those in prior year consolidated financial statements as they were retrospectively adjusted as a result of the accounting for the Business Combination (as defined in the Notes to the Consolidated Financial Statements).

The accompanying notes are an integral part of these consolidated financial statements.

 48

GCT SEMICONDUCTOR HOLDING, INC.

Consolidated Statements of Comprehensive Loss

(in thousands)

    Year EndedDecember 31,

    2024

    2023

    Comprehensive loss, net of taxes:

    Net loss
     
    $
    (12,379
    )
     
    $
    (22,469
    )

    Foreign currency translation adjustment

    3,056

    324

    Comprehensive loss
     
    $
    (9,323
    )
     
    $
    (22,145
    )

The accompanying notes are an integral part of these consolidated financial statements.

 49

GCT SEMICONDUCTOR HOLDING, INC.

Consolidated Statements of Stockholders’ Deficit

(in thousands)

    Accumulated

    Additional

    Other

    Total

    Common Stock

    Paid-In

    Comprehensive

    Accumulated

    Stockholders’

    Shares

    Amount

    Capital

    Income

    Deficit

    Deficit

    Balance as of December 31, 2022

    127,761

    $
    128

    $
    433,990

    $
    (1,862