GSI Technology, Inc. (NASDAQ:GSIT) Q3 2025 Earnings Conference Call January 30, 2025 4:30 PM ET
Company Participants
Lee-Lean Shu – Chairman, President and Chief Executive Officer
Douglas Schirle – Chief Financial Officer
Didier Lasserre – Vice President, Sales
Conference Call Participants
Operator
Welcome to GSI Technology’s Third Quarter Fiscal 2025 Results Conference Call. [Operator Instructions]
Before we begin today’s call, the company has requested that I read the following safe harbor statement. The matters discussed in this conference call may include forward-looking statements regarding future events and the future performance of GSI Technology that involve risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks and uncertainties are described in the company’s Form 10-K filed with the Securities and Exchange Commission.
Additionally, I have also been asked to advise you that this conference call is being recorded today, January 30, 2025, at the request of GSI Technology. Lee-Lean Shu, the company’s Chairman, President and Chief Executive Officer, will be hosting the call today. With him are Douglas Schirle, Chief Financial Officer; and Didier Lasserre, Vice President of Sales.
I would now like to turn the conference over to Mr. Shu. Please go ahead, sir.
Lee-Lean Shu
Good afternoon, and thank you for joining us to review our third quarter fiscal 2025 financial results. I am pleased to report that our third quarter demonstrated meaningful progress in our financial performance and the ongoing initiative with the APU. Let me start with our financial highlights before diving into our product development.
In the third quarter, we generated revenue of $5.4 million, representing a 2% increase year-over-year and a 19% sequential growth from the previous quarter. More importantly, our cost reduction initiatives have begun to bear fruit, resulting in a reduction in operating and net losses compared to the third quarter of fiscal 2024.
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