Education
About Us
Working with TipRanks
Follow Us
Gsi Technology (GSIT)
NASDAQ:GSIT
Top Page
GSI Technology
(NASDAQ:GSIT)
Rating:52Neutral
Price Target:―
GSI Technology (GSIT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$82.18M
Dividend YieldN/A
Average Volume (3M)278.87K
Price to Earnings (P/E)―
Beta (1Y)2.64
Revenue Growth-5.73%
EPS Growth47.83%
CountryUS
Employees148
SectorTechnology
Sector Strength75
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.09
Shares Outstanding25,601,772
10 Day Avg. Volume303,191
30 Day Avg. Volume278,874
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio-4.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
GSI Technology Business Overview & Revenue Model
Company DescriptionGSI Technology, Inc., a fabless semiconductor company, designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. The company's associative processing unit products offers applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets. In addition, it offers static random access memory (SRAM) products, such as SyncBurst for microprocessor cache and other applications; No Bus Turnaround SRAMs to address the needs of networking and telecom applications; SigmaQuad and SigmaDDR products for density and random transaction rate requirements of networking and telecom applications; Low Latency DRAMs a solution for advanced data networking applications; Asynchronous, a main memory for small cache-less embedded processors for industrial electronics, measurement systems and cost-sensitive networking equipment, and other applications; and specialty SRAMs. The company also provide radiation-hardened and radiation-tolerant SRAMs for aerospace and military applications, such as networking satellites and missiles. Its products are used as components in our OEM customers' products, including routers, switches and other networking and telecommunications products; military and aerospace applications, such as radar and guidance systems and satellites; audio/video processing; test and measurement applications consisting of high-speed testers; and automotive applications, such as smart cruise control; and medical applications, including ultrasound and CAT scan equipment. The company markets its products through a network of independent sales representatives and distributors. GSI Technology, Inc. was incorporated in 1995 and is headquartered in Sunnyvale, California.
How the Company Makes MoneyGSI Technology generates revenue primarily through the sale of its SRAM products to original equipment manufacturers (OEMs) and other customers in the networking and telecommunications industries. The company's products are designed to meet the performance and reliability demands of applications such as routers, switches, military and aerospace systems. Revenue is driven by the demand for high-speed, low-latency memory solutions in these sectors. Additionally, GSI Technology may engage in strategic partnerships and collaborations to enhance its market presence and product offerings, which can contribute to its revenue streams.
GSI Technology Financial Statement Overview
Summary
GSI Technology is experiencing significant financial challenges. The income statement reveals declining revenues and persistent losses, which impact profitability. The balance sheet shows moderate leverage but a declining equity ratio, indicating diminishing equity strength. Cash flow analysis highlights negative operating and free cash flow, underscoring liquidity concerns. Overall, the company needs strategic improvements to enhance financial health and operational efficiency.Income Statement
GSI Technology has faced declining revenues over recent years, with a notable decrease from $43.34M in 2020 to $19.79M in TTM 2024. The company has consistently reported negative net income, indicating persistent losses. Gross profit margin has decreased over time, which points to challenges in maintaining profitability. The EBIT and EBITDA margins are also negative, indicating operational inefficiencies.40
Negative
Balance Sheet
The company's debt-to-equity ratio remains relatively low, suggesting manageable leverage. However, the declining equity ratio from 87.4% in 2020 to 67.8% in TTM 2024 reflects a reduction in equity relative to assets. Return on Equity is negative, consistent with ongoing losses, which signals inefficiencies in generating shareholder value.55
Neutral
Cash Flow
Operating cash flow has been consistently negative, highlighting difficulties in generating cash from core operations. The free cash flow has also deteriorated, and its growth rate is negative, indicating worsening liquidity. The operating cash flow to net income ratio is unfavorable, further emphasizing cash generation issues.35
Negative
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 19.79M | 21.77M | 29.69M | 33.38M | 27.73M | 43.34M | Gross Profit |
| 9.50M | 11.82M | 17.68M | 18.54M | 13.22M | 25.34M | EBIT |
| -18.90M | -20.43M | -15.81M | -17.69M | -21.26M | -10.80M | EBITDA |
| -18.12M | -19.50M | -14.01M | -15.04M | -20.05M | -9.37M | Net Income Common Stockholders |
| -12.73M | -20.09M | -15.98M | -17.71M | -21.50M | -10.34M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 14.43M | 14.43M | 30.57M | 43.96M | 53.95M | 66.57M | Total Assets |
| 42.48M | 42.46M | 59.88M | 76.42M | 87.61M | 102.56M | Total Debt |
| 1.52M | 1.52M | 238.00K | 898.00K | 699.00K | 640.00K | Net Debt |
| -12.91M | -12.91M | -26.97M | -36.07M | -43.53M | -50.87M | Total Liabilities |
| 6.50M | 6.49M | 8.50M | 13.31M | 12.02M | 12.92M | Stockholders Equity |
| 35.97M | 35.97M | 51.37M | 63.11M | 75.59M | 89.64M |
| Cash Flow | Free Cash Flow | ||||
| -18.52M | -18.00M | -17.16M | -14.60M | -15.46M | -5.01M | Operating Cash Flow |
| -18.47M | -17.35M | -16.84M | -13.83M | -15.25M | -4.68M | Investing Cash Flow |
| 11.34M | 2.76M | 6.68M | 4.20M | 3.29M | 9.97M | Financing Cash Flow |
| 636.00K | 1.81M | 402.00K | 2.37M | 4.69M | 3.72M |
GSI Technology Technical Analysis
Neutral
3.22
Price Trends
2.78
Positive
2.92
Positive
2.94
Positive
Market Momentum
0.13
Positive
52.56
Neutral
21.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GSIT, the sentiment is Neutral. The current price of 3.22 is below the 20-day moving average (MA) of 3.31, above the 50-day MA of 2.78, and above the 200-day MA of 2.94, indicating a neutral trend. The MACD of 0.13 indicates Positive momentum. The RSI at 52.56 is Neutral, neither overbought nor oversold. The STOCH value of 21.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GSIT.
GSI Technology Risk Analysis
GSI Technology disclosed 45 risk factors in its most recent earnings report. GSI Technology reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 2 New Risks
1.
We are subject to governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls. Q4, 2024
2.
Changes in trade policy in the United States and other countries, including the imposition of tariffs and the resulting consequences, may adversely impact our business, results of operations and financial condition. Q4, 2024
GSI Technology Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $56.51M | 8.84 | 12.16% | 1.27% | 27.23% | 47.65% | |
61 Neutral | $11.41B | 10.19 | -7.05% | 2.95% | 7.46% | -10.52% | |
60 Neutral | $21.87M | 37.80 | 0.06% | ― | -14.64% | -97.84% | |
56 Neutral | $63.00M | 54.08 | 6.59% | ― | 8.40% | -18.22% | |
52 Neutral | $82.18M | ― | -33.15% | ― | -5.73% | 47.83% | |
50 Neutral | $65.18M | ― | -161.18% | ― | 63.08% | 96.46% | |
49 Neutral | $47.77M | ― | -25.57% | ― | 8.46% | 39.81% |
* Technology Sector Average
Performance Comparison
GSIT
GSI Technology
3.21
0.49
18.01%
TRT
Trio-Tech International
5.07
-1.58
-23.76%
AIRG
Airgain
4.03
-1.12
-21.75%
DVLT
Datavault AI
0.92
-1.64
-64.06%
SOTK
Sono-Tek
3.77
-1.02
-21.29%
SYT
SYLA Technologies Co., Ltd. ADR
2.12
-0.41
-16.21%
GSI Technology Earnings Call Summary
Earnings Call Date:May 01, 2025
(Q4-2025)
| % Change Since: 2.55%|
Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive and negative outcomes. While the company achieved significant revenue growth in the fourth quarter and made strides in reducing net loss, challenges such as a decline in annual revenue and gross margin were evident. The progress in securing new orders and enhancing product features are promising, yet financial constraints and market challenges remain. The sentiment is balanced with both promising advancements and notable challenges.Q4-2025 Updates
Positive Updates
Revenue Growth in Q4
Fourth quarter revenue increased by 14% year-over-year and 9% sequentially to $5.9 million.
Reduction in Net Loss
Fiscal year 2025 net loss reduced by 47% from $20.1 million in 2024 to $10.6 million.
Secured Order for Radiation-Hardened SRAM
Initial order secured from a North American prime contractor for radiation-hardened SRAM, with expectations for follow-on orders.
Progress in SBIR Program
SBIR programs progressing well with $1.6 million generated and an additional $1 million anticipated.
Plato Chip Enhancement
Integration of a camera interface into the Plato chip, increasing its market potential for AI applications.
Negative Updates
Annual Revenue Decline
Fiscal year 2025 annual revenue declined by 6% compared to the prior year.
Decrease in Gross Margin
Fiscal year 2025 gross margin decreased to 49.4% from 54.3% in the prior year.
Ongoing Tariff Negotiations
Potential variability in shipments due to ongoing tariff negotiations between the US and trading partners.
Cash and Working Capital Decline
Cash and cash equivalents decreased from $14.4 million in 2024 to $13.4 million in 2025, with working capital declining from $24.7 million to $16.4 million.
Company Guidance
During the GSI Technologies Fourth Quarter and Fiscal Year 2025 Results Conference Call, the company reported significant improvements in several key financial metrics. For the fourth quarter, revenue increased by 14% year-over-year to $5.9 million, contributing to a reduced net loss. The company achieved a 47% reduction in annual net loss for fiscal year 2025, bringing it down to $10.6 million, primarily due to a 35% reduction in operating expenses. GSI Technologies ended the fiscal year with $13.4 million in cash and maintained a disciplined operating structure to preserve cash. Gross margin for the fourth quarter was reported at 56.1%, an increase from 51.6% in the same quarter of the previous year. The company also highlighted strong demand for its SRAM chips and progress in its SBIR programs, which contributed $1.6 million in payments and are expected to bring in an additional $1 million. Looking forward, GSI Technologies plans to sustain its operational efficiency while exploring funding opportunities to support its strategic initiatives in both commercial and government markets.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.