GSIT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-11

• We are a provider of high-performance semiconductor memory solutions for in-place associative computing applications in high growth markets such as artificial intelligence and high-performance computing, including natural language processing and computer vision. Our initial APU products are focused …

• Our revenue is currently generated from the design, development and marketing of static random access memories, or SRAMs, that operate at speeds of less than 10 nanoseconds, which we refer to as Very Fast SRAMs, primarily for the networking and telecommunications, test equipment and the military/def…

• The networking and telecommunications market has accounted for a significant portion of our net revenues in the past and has declined during the past several years and is expected to continue to decline. In anticipation of the decline of the networking and telecommunications market, we have been usi…

• In January 2026, we announced a new proof-of-concept (“POC”) engagement with two government agencies. GSI is partnering with G2 Tech, an Israeli deep-tech AI company, on Sentinel, a program to develop an autonomous perimeter security system that manages drones and cameras in real time for advanced m…

• The platform supports autonomous operation while maintaining human oversight and decision-support capabilities. Gemini-II leverages the APU’s compute-in-memory architecture to process sensor data in place, enabling on-device AI inference and real-time responsiveness. Total governmental funding for t…

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• We are a provider of high-performance semiconductor memory solutions for in-place associative computing applications in high growth markets such as artificial intelligence and high-performance computing, including natural language processing and computer vision. Our initial associative processing un…

• In June 2023, we announced the receipt of an award of a prototype agreement with the Space Development Agency for the development of a Next-Generation Associative Processing Unit-2 (“APU2”) for Enhanced Space-

• Based Capabilities. Our next-generation non-Von-Neumann Associative Processing Unit compute in-memory integrated circuit (“IC”) offers unique capabilities to address the challenges faced by the United States Space Force in processing extensive sets of big data in space. Our overarching objective is …

• In January 2024, we announced that GSI was selected by AFWERX, the innovation arm of the U.S. Department of the Air Force for an SBIR Direct-to-Phase II contract in the amount of $1.1 million to demonstrate high-data computation use cases leveraging the distinct compute in-memory architecture of our…

• In January 2025, we announced that GSI was selected by the U.S. Army for a potential contract award of up to $250,000 under the Department of Defense SBIR program. The contract represents a significant opportunity for GSI to develop advanced, Army-specific edge computing AI solutions using our groun…

Text added vs the prior filing · source: 10-Q · 2026-08-11

• timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our consolidated financial statements.

Text added vs the prior filing · source: 10-Q · 2026-08-11

• East, and the challenging global economic environment may adversely affect our revenues, results of operations and financial condition.

• ●We may need additional funding to continue the commercialization of Gemini-II and to complete the development of Plato.

• ●Our use of artificial intelligence in our research and development activities may expose us to risks, including inaccurate outputs, intellectual property concerns and regulatory uncertainty.

• ●Our estimates of the total addressable market and serviceable available market for our APU products are based on publicly available analyst assumptions and internal assumptions and may prove to be materially inaccurate.

• ●Evolving government regulation of artificial intelligence may increase our compliance costs, delay or restrict the deployment of our products, or otherwise adversely affect our business.

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• ●We cannot assure you that our ongoing evaluation of strategic alternatives will result in any particular outcome, and the perceived uncertainties related to GSI Technology could adversely affect our business and our shareholders.

• Our quarterly and annual revenues, expenses and operating results have varied significantly and are likely to vary in the future. For example, in the eleven fiscal quarters ended December 31, 2025, we recorded net revenues of as much as $6.4 million and as little as $4.6 million, and in nine of thos…

• Our expenses are, to a large extent, fixed, and we expect that these expenses will increase in the future. In fiscal years 2022 and 2023, we experienced price increases for raw materials, including a 20% increase in the price of wafers that was implemented in early calendar 2022 and a 6% increase th…

• Worldwide inflationary pressures, increased or new tariffs, export controls and other trade barriers, trade disputes and increasing geopolitical tensions, the military conflict in Ukraine, and the challenging global economic environment have caused increased stock market volatility and uncertainty i…

• degree and the adoption of RadHard and RadTolerant SRAM products by aerospace and military customers. However, the magnitude of such impact on our business and its duration is highly uncertain.

Text added vs the prior filing · source: 10-Q · 2026-08-11

• Other than as described above, during the quarter ended June 30, 2026, no director or officer of the Company adopted, modified or terminated a Rule 10b5-1(c) trading arrangement or a non-Rule 10b5-1 trading arrangement, as that term is defined in Item 408 of Regulation S-K.

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• On November 4, 2025, Helen Shu, the Company’s Director of Human Resources, adopted a Rule 10b5-1 trading plan. Mrs. Shu’s trading plan provides for the potential exercise and sale of up to 20,626 shares of the Company’s common stock subject to stock options, until July 30, 2027. This trading plan wa…

• On December 11, 2025, Didier Lasserre, the Company’s Vice President of Worldwide Sales, adopted a Rule 10b5-1 trading plan. Mr. Lasserre’s trading plan provides for the potential exercise and sale of up to 100,000 shares of the Company’s common stock subject to stock options, until July 31, 2027. Th…

• In the fiscal quarter ended December 31, 2025, none of our directors or officers adopted, modified, or terminated any non-Rule 10b5-1 trading arrangement, as that term is defined in Item 408 of Regulation S-K.