GSI Technology (GSIT) Tops Q3 EPS by 2c

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

January 28, 2016 4:07 PM EST

SUNNYVALE, CA -- (Marketwired) -- 01/28/16 -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its third fiscal quarter ended December 31, 2015.

The Company reported a net loss of $(819,000) or $(0.04) per diluted share, on net revenues of $12.9 million for the third quarter of fiscal 2016, compared to net income of $148,000, or $0.01 per diluted share, on net revenues of $14.2 million in the third quarter of fiscal 2015 and a net loss of $(347,000) or $(0.02) per diluted share, on net revenues of $13.6 million in the second quarter of fiscal 2016, ended September 30, 2015. Gross margin was 49.4%... More