GSI Technology, Inc. (GSIT) Financial Statements (2024 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)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30,57535,20143,96344,23451,50642,495
Cash and cash equivalents27,21231,87036,97144,23451,50642,495
Short-term investments3,3633,3316,992   
Receivables3,4713,6444,5183,6656,3307,339
Inventory, net of allowances, customer advances and progress billings6,4156,1994,6554,3434,2825,685
Inventory6,4156,1994,6554,3434,2825,685
Prepaid expense9256481,261611937605
Other undisclosed current assets48967029410,59316,05821,241
Total current assets:41,87546,36254,69163,44679,11377,365
Noncurrent Assets
Operating lease, right-of-use asset684838889677617
Property, plant and equipment7,4236,9957,3597,3288,1199,001
Long-term investments and receivables   3,345   
Long-term investments   3,345   
Intangible assets, net (including goodwill)9,7689,82610,00110,23410,46710,700
Goodwill7,9787,9787,9787,9787,9787,978
Intangible assets, net (excluding goodwill)1,7901,8482,0232,2562,4892,722
Deposits noncurrent assets126127137135  
Other noncurrent assets     128160
Other undisclosed noncurrent assets    5,7924,1178,997
Total noncurrent assets:18,00117,78621,73124,16623,44828,858
TOTAL ASSETS:59,87664,14876,42287,612102,561106,223
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,7896,6448,3247,0877,7628,733
Accounts payable1,6211,5561,4741,5671,1841,864
Accrued liabilities5,1685,0886,8505,5206,5786,869
Debt    375498 
Due to related parties8432   
Other undisclosed current liabilities405496505   
Total current liabilities:7,2027,1448,8617,4628,2608,733
Noncurrent Liabilities
Long-term debt and lease obligation:   361324142 
Liabilities, other than long-term debt1,3022,2042,7494,2344,5184,335
Accounts payable and accrued liabilities1,0521,8932,7384,2344,5184,335
Deferred income tax liabilities121111  
Operating lease, liability238300361324142
Total noncurrent liabilities:1,3022,2043,1104,5584,6604,335
Total liabilities:8,5049,34811,97112,02012,92013,068
Equity
Equity, attributable to parent51,37254,80064,45175,59289,64193,155
Common stock252524242322
Additional paid in capital55,95355,43853,08347,72240,17633,462
Accumulated other comprehensive income (loss)(127)(145)(154)(20)71(37)
Retained earnings (accumulated deficit)(4,479)(518)11,49827,86649,37159,708
Total equity:51,37254,80064,45175,59289,64193,155
TOTAL LIABILITIES AND EQUITY:59,87664,14876,42287,612102,561106,223

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues29,69137,65033,38427,72943,34351,486
Cost of revenue(12,010)(13,799)(14,847)(14,512)(18,000)(19,858)
Gross profit:17,68123,85118,53713,21725,34331,628
Operating expenses(33,488)(36,141)(34,890)(34,481)(36,145)(31,810)
Operating loss:(15,807)(12,290)(16,353)(21,264)(10,802)(182)
Nonoperating income (expense)202(74)(60)94783(221)
Investment income, nonoperating3082271295783671
Other nonoperating expense(106)(96)(131)(201)  
Loss from continuing operations before equity method investments, income taxes:(15,605)(12,364)(16,413)(21,170)(10,019)(403)
Other undisclosed income (loss) from continuing operations before income taxes     (71)671
Income (loss) from continuing operations before income taxes:(15,605)(12,364)(16,413)(21,170)(10,090)268
Income tax expense (benefit)(372)50345(335)(247)(105)
Income (loss) from continuing operations:(15,977)(11,861)(16,368)(21,505)(10,337)163
Income (loss) before gain (loss) on sale of properties:(7,049)(16,368)(21,505)(10,337)163
Net income (loss) available to common stockholders, diluted:(15,977)(11,861)(16,368)(21,505)(10,337)163

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):(15,977)(11,861)(16,368)(21,505)(10,337)163
Comprehensive income (loss):(15,977)(11,861)(16,368)(21,505)(10,337)163
Other undisclosed comprehensive income (loss), net of tax, attributable to parent27(59)(134)(91)108105
Comprehensive income (loss), net of tax, attributable to parent:(15,950)(11,920)(16,502)(21,596)(10,229)268

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.

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