GCT Semiconductor Reports 2024 Earnings and 5G Plans

Gct Semiconductor Holding, Inc. Class A ( (GCTS) ) has released its Q4 earnings. Here is a breakdown of the information Gct Semiconductor Holding, Inc. Class A presented to its investors.

GCT Semiconductor Holding, Inc. is a leading fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions, known for integrating radio frequency, baseband modem, and digital signal processing functions into compact, high-performance, and cost-effective system-on-chip solutions.

In its latest earnings report, GCT Semiconductor announced the launch of its ‘2025GCT’ program, marking the ‘Year of 5G’ with the anticipated release of its 5G chipsets in the first half of 2025. The company is accelerating its partnerships with major global players to enhance the development and mass production of these chipsets.

The financial results for the fourth quarter and full year of 2024 showed a significant decrease in net revenues, with a 57.4% drop in the fourth quarter compared to the previous year. Despite this, the company managed to reduce its net loss by 51.1% in the fourth quarter and 44.9% for the full year. Operating expenses saw a notable increase in the fourth quarter but decreased over the full year.

GCT Semiconductor’s strategic focus remains on the 5G market, with expectations of a transformative impact from 5G chipset sales in the latter half of 2025. The company has also made significant strides in reducing its debt by nearly 50% in 2024, positioning itself for future growth and profitability.

Looking ahead, GCT Semiconductor is optimistic about its 5G chipset development and the expected commencement of shipments in 2025. The company is actively managing its capital allocation to support this growth trajectory and remains in discussions with potential investors to meet its near-term capital needs.