GSI Technology Q1 FY27 net loss widens to $4.8 million; gross margin falls 4.7 percentage points to 53.4%

Reuters2026/07/30 20:24

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GSI Technology posted Q1 FY2027 net revenue of USD 6.3 million, flat year over year; net loss widened to USD 4.8 million.
Gross margin fell 4.7 percentage points to 53.4% due to product mix; operating loss widened to USD 5.4 million.
Operating expenses climbed to USD 8.8 million from USD 5.8 million, driven by higher RD tied to Plato design services.
Quarter-end cash rose to USD 77 million from USD 67.2 million, reflecting USD 9.3 million of ATM proceeds.
Sentinel lab testing completed with favorable feedback; Smart City Phase I remains on track for November 2026, with Q2 revenue seen at USD 5.7 million-USD 6.5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GSI Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607301605PRIMZONEFULLFEED9801108) on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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GSI Technology Q1 FY27 net loss widens to $4.8 million; gross margin falls 4.7 percentage points to 53.4%

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