Company: GSIT
Filing Date: 2025-05-01
Form Type: 8-K
Source: 0001171843-25-002691
Chunk: 4

Company: GSI TECHNOLOGY INC
Filing Date: 2025-05-01
Form: 8-K
Item: Item 8.01
Chunk 4
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2.3) million compared to an operating loss of $(4.5) million in the prior-year period and $(4.1) million in the prior quarter. The operating loss for fiscal 2025 was $(10.8) million compared to an operating loss of $(20.4) million in the prior year. The Corporation’s stronger revenues, reduced research and development expenses, receipt of government funding under SBIR programs, gain on the sale of the Corporation’s headquarters building in Sunnyvale, California and disciplined cost management collectively led to this significantly reduced operating loss. Net loss in the fourth quarter of fiscal 2025 was $(2.2) million, or $(0.09) per diluted share, compared to a net loss of $(4.3) million, or $(0.17) per diluted share, for the fourth quarter of fiscal 2024 and a net loss of $(4.0) million, or $(0.16) per diluted share, for the third quarter of fiscal 2025. The Corporation’s net loss for fiscal 2025 was $(10.6) million, or $(0.42) per diluted share, compared to a net loss of $(20.1) million, or $(0.80) per diluted share, for fiscal 2024. The Corporation also announced progress on the development of its associative processing unit (“ APU”) products, including confirmation that the Corporation remains on schedule for the delivery of products pursuant to Small Business Innovation Research (SBIR) programs with the U. S. federal government and enhancements to its Plato product for edge AI applications with low power requirements. The Corporation also announced that it had $13.4 million in cash and cash equivalents as of March 31, 2025.

Forward-Looking Statements

The statements contained in this Current Report on Form 8-K that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Corporation’s expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this Current Report on Form 8-K are based upon information available to the Corporation as of the date hereof, and the Corporation assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a variety of risks and uncertainties, which could cause actual results to differ materially from those projected. These risks include those associated with the normal quarterly and fiscal year-end closing process. Examples of risks that could affect