GSI Technology (GSIT) Tops Q4 EPS by 1c
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GSI Technology, Inc. Announces Extension of Its Stock Repurchase Program
May 5, 2016 4:16 PM EDTSUNNYVALE, CA -- (Marketwired) -- 05/05/16 -- GSI Technology, Inc. (NASDAQ: GSIT) today announced that its Board of Directors has extended its stock repurchase program by authorizing the repurchase, at management's discretion, of additional shares of GSI Technology's common stock having an aggregate purchase price of up to $10 million. Under its repurchase program, originally adopted in November 2008 and subsequently expanded, the Company had repurchased shares for a total purchase price of approximately $30.0 million. The Company also repurchased shares for an aggregate purchase price of $25 million under a modified "Dutch Auction" self-tender offer... More
GSI Technology, Inc. Reports Fourth-Quarter and Fiscal 2016 Results
May 5, 2016 4:09 PM EDTSUNNYVALE, CA -- (Marketwired) -- 05/05/16 -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its fourth fiscal quarter and fiscal year ended March 31, 2016.
For the year, the Company reported a net loss of $(2.2) million, or $(0.10) per diluted share, on net revenues of $52.7 million, compared to a net loss of $(5.0) million, or $(0.20) per diluted share, on net revenues of $53.5 million in the fiscal year ended March 31, 2015. Gross margin was 50.7% compared to 47.0% in the prior year.
Total operating expenses in fiscal 2016 were $29.8 million compared to $31.2 million in fiscal 2015. Research and... More
