GSI Technology (GSIT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1213 ELKO DRIVE SUNNYVALE, CA 94089 |
| State of Incorp. | |
| Fiscal Year End | March 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 3/31/2024 | 12/31/2023 MRQ | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 14,429 | 21,575 | 30,575 | 43,963 | 44,234 | 51,506 | |||
| Cash and cash equivalents | 14,429 | 21,575 | 27,212 | 36,971 | 44,234 | 51,506 | |||
| Short-term investments | 3,363 | 6,992 | |||||||
| Receivables | 3,118 | 2,377 | 3,471 | 4,518 | 3,665 | 6,330 | |||
| Inventory, net of allowances, customer advances and progress billings | 4,977 | 5,504 | 6,415 | 4,655 | 4,343 | 4,282 | |||
| Inventory | 4,977 | 5,504 | 6,415 | 4,655 | 4,343 | 4,282 | |||
| Prepaid expense | 1,071 | 1,391 | 925 | 1,261 | 611 | 937 | |||
| Disposal group, including discontinued operation | 5,629 | ||||||||
| Other undisclosed current assets | 883 | 688 | 489 | 294 | 10,593 | 16,058 | |||
| Total current assets: | 30,107 | 31,535 | 41,875 | 54,691 | 63,446 | 79,113 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,553 | 887 | 684 | 889 | 677 | 617 | |||
| Property, plant and equipment | 1,148 | 6,916 | 7,423 | 7,359 | 7,328 | 8,119 | |||
| Long-term investments and receivables | 3,345 | ||||||||
| Long-term investments | 3,345 | ||||||||
| Intangible assets, net (including goodwill) | 9,534 | 9,592 | 9,768 | 10,001 | 10,234 | 10,467 | |||
| Goodwill | 7,978 | 7,978 | 7,978 | 7,978 | 7,978 | 7,978 | |||
| Intangible assets, net (excluding goodwill) | 1,556 | 1,614 | 1,790 | 2,023 | 2,256 | 2,489 | |||
| Deposits noncurrent assets | 122 | 125 | 126 | 137 | 135 | ||||
| Other noncurrent assets | 128 | ||||||||
| Other undisclosed noncurrent assets | 5,792 | 4,117 | |||||||
| Total noncurrent assets: | 12,357 | 17,520 | 18,001 | 21,731 | 24,166 | 23,448 | |||
| TOTAL ASSETS: | 42,464 | 49,055 | 59,876 | 76,422 | 87,612 | 102,561 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,798 | 8,074 | 6,789 | 8,324 | 7,087 | 7,762 | |||
| Accounts payable | 668 | 1,279 | 1,621 | 1,474 | 1,567 | 1,184 | |||
| Accrued liabilities | 4,130 | 6,795 | 5,168 | 6,850 | 5,520 | 6,578 | |||
| Debt | 375 | 498 | |||||||
| Due to related parties | ✕ | ✕ | ✕ | 8 | 32 | ||||
| Other undisclosed current liabilities | 567 | 346 | 405 | 505 | |||||
| Total current liabilities: | 5,365 | 8,420 | 7,202 | 8,861 | 7,462 | 8,260 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 361 | 324 | 142 | ||||||
| Liabilities, other than long-term debt | 1,129 | 1,051 | 1,302 | 2,749 | 4,234 | 4,518 | |||
| Accounts payable and accrued liabilities | 160 | 495 | 1,052 | 2,738 | 4,234 | 4,518 | |||
| Deferred income tax liabilities | 14 | 14 | 12 | 11 | |||||
| Operating lease, liability | 955 | 542 | 238 | 361 | 324 | 142 | |||
| Total noncurrent liabilities: | 1,129 | 1,051 | 1,302 | 3,110 | 4,558 | 4,660 | |||
| Total liabilities: | 6,494 | 9,471 | 8,504 | 11,971 | 12,020 | 12,920 | |||
| Equity | |||||||||
| Equity, attributable to parent | 35,970 | 39,584 | 51,372 | 64,451 | 75,592 | 89,641 | |||
| Common stock | 25 | 25 | 25 | 24 | 24 | 23 | |||
| Additional paid in capital | 60,598 | 59,891 | 55,953 | 53,083 | 47,722 | 40,176 | |||
| Accumulated other comprehensive income (loss) | (87) | (87) | (127) | (154) | (20) | 71 | |||
| Retained earnings (accumulated deficit) | (24,566) | (20,245) | (4,479) | 11,498 | 27,866 | 49,371 | |||
| Total equity: | 35,970 | 39,584 | 51,372 | 64,451 | 75,592 | 89,641 | |||
| TOTAL LIABILITIES AND EQUITY: | 42,464 | 49,055 | 59,876 | 76,422 | 87,612 | 102,561 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 3/31/2024 | 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 21,765 | 21,651 | 29,691 | 33,384 | 27,729 | 43,343 | ||
| Cost of revenue | (9,942) | (8,226) | (12,010) | (14,847) | (14,512) | (18,000) | ||
| Gross profit: | 11,823 | 13,425 | 17,681 | 18,537 | 13,217 | 25,343 | ||
| Operating expenses | (32,254) | (31,739) | (33,488) | (34,890) | (34,481) | (36,145) | ||
| Operating loss: | (20,431) | (18,314) | (15,807) | (16,353) | (21,264) | (10,802) | ||
| Nonoperating income (expense) | 414 | 521 | 202 | (60) | 94 | 783 | ||
| Investment income, nonoperating | 541 | 672 | 308 | 71 | 295 | 783 | ||
| Other nonoperating expense | (127) | (151) | (106) | (131) | (201) | |||
| Loss from continuing operations before equity method investments, income taxes: | (20,017) | (17,793) | (15,605) | (16,413) | (21,170) | (10,019) | ||
| Other undisclosed loss from continuing operations before income taxes | (71) | |||||||
| Loss from continuing operations before income taxes: | (20,017) | (17,793) | (15,605) | (16,413) | (21,170) | (10,090) | ||
| Income tax expense (benefit) | (70) | (593) | (372) | 45 | (335) | (247) | ||
| Loss from continuing operations: | (20,087) | (18,386) | (15,977) | (16,368) | (21,505) | (10,337) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (16,368) | (21,505) | (10,337) | |
| Net loss available to common stockholders, diluted: | (20,087) | (18,386) | (15,977) | (16,368) | (21,505) | (10,337) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 3/31/2024 | 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (20,087) | (18,386) | (15,977) | (16,368) | (21,505) | (10,337) | ||
| Comprehensive loss: | (20,087) | (18,386) | (15,977) | (16,368) | (21,505) | (10,337) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 40 | 127 | 27 | (134) | (91) | 108 | ||
| Comprehensive loss, net of tax, attributable to parent: | (20,047) | (18,259) | (15,950) | (16,502) | (21,596) | (10,229) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.