GSI Technology, Inc. (GSIT) financial statements (2022 and earlier)

Company profile

Business Address 1213 ELKO DRIVE
SUNNYVALE, CA 94089
State of Incorp.
Fiscal Year End March 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48,09844,23451,50642,49558,36549,93555,112
Cash and cash equivalents36,32544,23451,50642,49540,24133,73631,963
Short-term investments11,773   18,12416,19923,149
Receivables3,0483,6656,3307,3395,2796,3497,478
Inventory, net of allowances, customer advances and progress billings4,7364,3434,2825,6855,5479,2117,174
Inventory4,7364,3434,2825,6855,5479,2117,174
Prepaid expense1,859611937605797448744
Other current assets      230
Other undisclosed current assets49210,59316,05821,2411,2832,3291,224
Total current assets:58,23363,44679,11377,36571,27168,27271,962
Noncurrent Assets
Operating lease, right-of-use asset560677617
Property, plant and equipment7,3127,3288,1199,0018,1727,6898,653
Long-term investments and receivables3,396   7,92312,89811,148
Long-term investments3,396   7,92312,89811,148
Intangible assets, net (including goodwill)10,05910,23410,46710,70010,96711,28011,681
Goodwill7,9787,9787,9787,9787,9787,9788,030
Intangible assets, net (excluding goodwill)2,0812,2562,4892,7222,9893,3023,651
Deposits noncurrent assets141135     
Other noncurrent assets  1281601,2072,4563,086
Other undisclosed noncurrent assets 5,7924,1178,997   
Total noncurrent assets:21,46824,16623,44828,85828,26934,32334,568
TOTAL ASSETS:79,70187,612102,561106,22399,540102,595106,530
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,0127,0877,7628,7337,2838,6786,912
Accounts payable2,3851,5671,1841,8641,8411,6272,514
Accrued liabilities5,6275,5206,5786,8695,4427,0514,398
Debt 375498    
Due to related parties74      
Deferred revenue and credits1211,7962,330
Other undisclosed current liabilities250      
Total current liabilities:8,3367,4628,2608,7337,40410,4749,242
Noncurrent Liabilities
Long-term debt and lease obligation256324142    
Operating lease, liability256324142
Liabilities, other than long-term debt4,3024,2344,5184,3355,3215,6626,724
Accounts payable and accrued liabilities4,3024,2344,5184,3355,3215,6626,608
Liability for uncertainty in income taxes      116
Other undisclosed noncurrent liabilities     15695
Total noncurrent liabilities:4,5584,5584,6604,3355,3215,6777,419
Total liabilities:12,89412,02012,92013,06812,72516,15116,661
Stockholders' equity
Stockholders' equity attributable to parent66,80775,59289,64193,15586,81586,44489,869
Common stock24242322212122
Additional paid in capital52,35447,72240,17633,46227,39121,83025,050
Accumulated other comprehensive income (loss)(80)(20)71(37)(142)(62)27
Retained earnings14,50927,86649,37159,70859,54564,65564,770
Total stockholders' equity:66,80775,59289,64193,15586,81586,44489,869
TOTAL LIABILITIES AND EQUITY:79,70187,612102,561106,22399,540102,595106,530

Income statement (P&L) ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues17,57427,72943,34351,48642,64348,18052,736
Revenue, net42,64348,18052,736
Cost of revenue(11,796)(14,512)(18,000)(19,858)(20,217)(21,764)(25,999)
Gross profit:5,77813,21725,34331,62822,42626,41626,737
Operating expenses(33,557)(34,481)(36,145)(31,810)(26,897)(26,943)(29,758)
Operating loss:(27,779)(21,264)(10,802)(182)(4,471)(527)(3,021)
Nonoperating income (expense)(483)94783(221)(12)166(97)
Investment income, nonoperating(254)295783671421312307
Other nonoperating expense(229)(201)     
Other undisclosed income from continuing operations before equity method investments, income taxes      307
Loss from continuing operations before equity method investments, income taxes:(28,262)(21,170)(10,019)(403)(4,483)(361)(2,811)
Other undisclosed income (loss) from continuing operations before income taxes  (71)671421312 
Income (loss) from continuing operations before income taxes:(28,262)(21,170)(10,090)268(4,062)(49)(2,811)
Income tax expense (benefit)(87)(335)(247)(105)(453)(66)641
Net income (loss) available to common stockholders, diluted:(28,349)(21,505)(10,337)163(4,515)(115)(2,170)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):(28,349)(21,505)(10,337)163(4,515)(115)(2,170)
Other undisclosed comprehensive income      1
Comprehensive income (loss):(28,349)(21,505)(10,337)163(4,515)(115)(2,169)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(205)(91)108105(80)(89) 
Comprehensive income (loss), net of tax, attributable to parent:(28,554)(21,596)(10,229)268(4,595)(204)(2,169)

Statements sources

The financial statements are based on the company's filings with the 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.

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