GSI Technology (GSIT) Misses Q4 EPS by 10c
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GSI Technology, Inc. Reports Fourth-Quarter Fiscal 2015 Results
May 7, 2015 4:07 PM EDTSUNNYVALE, CA -- (Marketwired) -- 05/07/15 -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its fourth fiscal quarter and fiscal year ended March 31, 2015.
For the year, the Company reported a net loss of $(5.0) million, or $(0.20) per diluted share, on net revenues of $53.5 million, compared to a net loss of $(6.2) million, or $(0.23) per diluted share, on net revenues of $58.6 million in the fiscal year ended March 31, 2014. Gross margin was 47.0% compared to 44.6% in the prior year.
Total operating expenses in fiscal 2015 were $31.2 million compared to $31.9 million in fiscal 2014. Research and development expenses were... More
