NASDAQ$GSIT

Gsi Technology Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

GSI Technology reported its Q4 and Fiscal Year 2022 results, showing revenue growth and gross margin improvement for both the quarter and the full year.

GSI Technology reported an 8% increase in revenue for the fourth quarter of fiscal year 2022, along with a gross margin improvement of 330 basis points compared to the prior quarter. The company's net loss narrowed for both the quarter and the full year. They anticipate completing the tape-out of Gemini-II by the end of calendar 2022 and launching version 2 of the Gemini-I compiler stack in July.

  • GSI Technology's Q4 revenue increased by 8% year-over-year to $8.7 million.
  • Gross margin improved to 58.6% in Q4, up from 50.2% in the prior-year period.
  • The net loss for Q4 was $(4.3 million), or $(0.18) per diluted share, compared to a net loss of $(5.0 million) in the same quarter last year.
  • The company had $44.0 million in cash, cash equivalents, and short-term investments as of March 31, 2022.

Headline financials

Total Revenue

$8.73M

Previous: $7.69M+13.6%
EPS (adj)

-$0.12

Previous: -$0.21+42.9%
Capital Expenditures

$233K

Previous: $81K+187.7%
Free Cash Flow

-$4.12M

Previous: -$3.95M-4.3%
Net Income

-$4.3M

Previous: -$5M+14.0%
Operating Income

-$4.3M

Previous: -$5.3M+18.9%
Gross Profit

$5.1M

Previous: $3.87M+31.9%
Cash & Equivalents

$44M

Previous: $54M-18.5%
Total Assets

$76.4M

Previous: $81.4M-6.1%
Stock-Based Comp

$714K

Previous: $753K-5.2%

Revenue & EPS history

Gsi Technology · Revenue · Quarterly

$8.73M

Q4 2022+13.6%vs Q4 2021
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Gsi Technology · $6.35M total across 3 segments · Q4 2026

  • Military/defense
    $2.89M
  • SigmaQuad
    $2.06M
  • KYEC
    $1.4M

Forward guidance

For the first quarter of fiscal 2023, GSI Technology expects net revenues to be in the range of $8.5 million to $9.5 million, with a gross margin of approximately 60% to 62%.

Tailwinds

  • Net revenues are expected to be between $8.5 million and $9.5 million.
  • Gross margin is anticipated to be approximately 60% to 62%.
  • Rad Hard order expected to be booked and shipped in the quarter.
  • Company maintains an attractive balance sheet with a surplus of cash and no debt.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-2.7%

Avg return

Earnings day

-2.5%

Avg return

5 days after

-2.4%

Avg return

30 days after

35%

23 / 65 earnings

Positive

+21.6%

Q2 2013

Best reaction

-24.7%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+9.7%+50.9%-1.6%
Q3 2026-5.8%-13.5%+8.2%
Q2 2026-4.9%-24.6%-47.8%
Q1 2026-13.4%-19.5%-32.4%
Q4 2025+5.1%+10.8%-0.3%
Q3 2025-0.4%+7.1%+1.8%
Q2 2025+1.5%+4.2%-4.5%
Q1 2025-14.2%-16.6%-20.5%
Q4 2024-24.7%-20.6%-33.8%
Q3 2024-17.2%-12.8%+6.6%
Q2 2024-19.9%-19.9%-6.5%
Q1 2024-9.3%-11.7%-33.0%
Q4 2023-18.4%+12.4%+71.9%
Q3 2023-0.5%+3.0%-12.6%
Q2 2023-8.7%-9.2%+2.4%
Q1 2023+0.5%-2.4%-14.3%
Q4 2022-6.9%-10.1%+4.5%
Q3 2022-4.1%+3.7%-8.4%
Q2 2022-1.3%+7.6%+7.4%
Q1 2022+6.2%+3.1%+12.4%
Q4 2021+2.3%+1.6%+5.4%
Q3 2021-1.0%+1.8%+1.2%
Q2 2021-2.9%-7.0%+8.9%
Q1 2021-11.2%+1.2%+1.7%
Q4 2020+7.0%+0.6%+4.3%
Q3 2020-0.7%-3.7%-18.5%
Q2 2020+0.9%+0.9%-4.3%
Q1 2020-6.5%-8.5%-8.3%
Q4 2019+0.2%-3.8%+2.6%
Q3 2019+0.1%+0.3%+5.2%
Q2 2019-0.8%-0.8%-6.0%
Q1 2019-0.7%-3.8%-6.6%
Q4 2018+2.6%+6.1%+3.5%
Q3 2018-6.6%-7.8%-8.9%
Q2 2018-0.9%+0.1%+22.1%
Q1 2018-9.3%-8.5%-20.1%
Q4 2017-0.5%-2.6%+10.9%
Q3 2017+0.2%-3.6%+8.8%
Q2 2017+1.5%-1.9%+5.6%
Q1 2017-5.1%-4.1%-4.5%
Q4 2016+0.3%
Q3 2016-2.8%
Q2 2016-0.7%
Q1 2016+3.2%
Q4 2015-0.6%
Q3 2015+1.3%
Q2 2015-2.9%
Q1 2015-0.8%
Q4 2014-5.8%
Q3 2014-1.2%
Q2 2014-5.9%
Q1 2014+5.5%
Q4 2013+0.3%
Q3 2013+3.2%
Q2 2013+21.6%
Q1 2013+2.1%
Q4 2012+2.4%
Q4 2010+2.4%
Q3 2011-0.6%
Q3 2012-0.6%
Q2 2011-2.2%
Q2 2012-2.2%
Q1 2012-10.5%
Q4 2011-10.5%
Q1 2011-10.5%

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