Company: GCTS
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0000929638-25-001279
Chunk: 131

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 131
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 and equipment, net

Property and equipment, net consists of the following (in thousands):

|                                                 |     | 2024 | December 31, |   |     | 2023 | December 31, |   |
|:------------------------------------------------|:----|:-----|-------------:|:--|:----|:-----|-------------:|:--|
| Production equipment                            |     | $    |       13,774 |   |     | $    |       14,887 |   |
| IT equipment                                    |     |      |        1,249 |   |     |      |        1,127 |   |
| Furniture and fixtures                          |     |      |          717 |   |     |      |          784 |   |
| Leasehold improvements                          |     |      |          272 |   |     |      |          293 |   |
| Other property and equipment                    |     |      |            8 |   |     |      |            — |   |
| Total property and equipment                    |     |      |       16,020 |   |     |      |       17,091 |   |
| Less: accumulated depreciation and amortization |     |      |      (15,151 | ) |     |      |      (16,319 | ) |
| Total property and equipment, net               |     | $    |          869 |   |     | $    |          772 |   |

For the years ended December 31, 2024 and 2023, depreciation expense related to the Company’s property and equipment was $0.5 million and $0.6 million, respectively.

63 GCT SEMICONDUCTOR HOLDING, INC. Notes to Consolidated Financial Statements

Intangibles, net For the years ended December 31, 2024 and 2023, amortization expense related to the Company’s intangible assets was $0.2 million and $0.4 million, respectively. Leases The Company also has several noncancellable operating leases, primarily for office equipment and office space that expire over the next two years. The Company’s leases generally do not include termination options for either party to the lease or restrictive financial or other covenants. Payments due under the lease contracts include fixed payments plus, for many of the Company’s leases, variable payments. For office space leases, variable payments include payments for the Company’s proportionate share of the building’s property taxes