GCTS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-12

• Recent downturns in the semiconductor industry have been attributed to a variety of factors, including global macroeconomic uncertainty, trade and geopolitical tensions including tariffs, weakness in end-market demand and pricing across semiconductor applications. In recent periods, portions of the …

• Interest expense primarily consists of interest and amortization of related debt issuance costs related to our borrowings and penalties incurred on our borrowings that are past their maturity dates.

• Gain (loss) on foreign currency transactions consists of gains or losses, presented on a net basis, from transactions denominated in other currencies, primarily South Korean won.

• Product sales increased by $0.4 million, from $0.1 million for the three months ended March 31, 2025 to $0.5 million for the three months ended March 31, 2026. The sales of our LTE platforms increased by $0.3 million dollars for the three months ended March 31, 2026 compared to the three months ende…

• Service revenues increased by $1.0 million, from $0.4 million for the three months ended March 31, 2025 to $1.4 million for the three months ended March 31, 2026. The increase was due to the addition of 5G revenue during the three months ended March 31, 2026, which contributed $1.4 million to our se…

Text removed vs the prior filing · source: 10-Q · 2025-11-12

• Downturns in the semiconductor industry have been attributed to a variety of factors, including the COVID‑19 pandemic, ongoing trade disputes between the United States and China, weakness in demand and pricing for semiconductors across applications, and excess inventory. More recently, the announcem…

• Gain on extinguishment of liability relates to the release by a vendor due to a contract termination during the period of amounts payable by us for R&D services received in prior years.

• Interest expense primarily consists of interest and amortization of related debt issuance costs related to our borrowings and convertible promissory notes.

• Gain on foreign currency transactions consists of gains, presented net of losses, from transactions denominated in other currencies, primarily South Korean won.

• Common stock forward liability represents a freestanding common stock forward contract under the purchase agreement (“Purchase Agreement”) with B. Riley Principal Capital II, LLC (“B. Riley”) executed in April 2024, which contains a variable share forward on our common stock. This freestanding instr…