GSI Technology (GSIT) Tops Q2 EPS by 1c

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GSI Technology, Inc. Reports Second-Quarter Fiscal 2016 Results

October 29, 2015 4:06 PM EDT

SUNNYVALE, CA -- (Marketwired) -- 10/29/15 -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its second fiscal quarter ended September 30, 2015.

The Company reported a net loss of $(347,000) or $(0.02) per diluted share, on net revenues of $13.6 million for the second quarter of fiscal 2016, compared to a net loss of $(950,000), or $(0.04) per diluted share, on net revenues of $13.3 million in the second quarter of fiscal 2015 and a net loss of $(917,000), or $(0.04) per diluted share, on net revenues of $14.0 million in the first quarter of fiscal 2016, ended June 30, 2015. Gross margin... More