GSI Technology Q1 EPS $(0.21) Down From $(0.16) YoY, Sales $5.59M Down From $8.91M YoY
Portfolio Pulse from Benzinga Newsdesk
GSI Technology (NASDAQ:GSIT) reported a 31.25% increase in quarterly losses to $(0.21) per share, compared to $(0.16) per share last year. Sales also decreased by 37.29% to $5.59 million from $8.91 million in the same period last year.
July 27, 2023 | 8:48 pm
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NEGATIVE IMPACT
GSI Technology's increased losses and decreased sales could negatively impact its stock price.
The company's increased losses and decreased sales indicate a poor financial performance, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100