Gct Semiconductor Holding, Inc. Class A ( (GCTS) ) has released its Q1 earnings. Here is a breakdown of the information Gct Semiconductor Holding, Inc. Class A presented to its investors.
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GCT Semiconductor Holding, Inc. is a fabless designer and supplier of advanced semiconductor solutions, specializing in 5G and 4G LTE technologies, providing connectivity solutions for various commercial devices globally.
In its latest earnings report, GCT Semiconductor announced the completion of its 5G chipset production, with sampling to customers scheduled for the end of May 2025. The company also highlighted its strategic partnership with Orbic North America to develop a mobile hotspot and FWA gateway using its new 5G chipset.
Financially, the company reported a significant decrease in net revenues, down 84.8% to $0.5 million compared to the previous year. The gross margin also fell to 17.7%, and the company posted a net loss of $7.0 million, largely due to the absence of a one-time gain from the previous year. Despite these challenges, GCT has filed for a $200 million shelf registration to enhance its financial flexibility.
Looking ahead, GCT is optimistic about the impact of its 5G products, expecting increased shipments and improved financial performance in the latter half of 2025. The company is aligning its resources to focus on the 5G transition, anticipating positive revenue and margin impacts as the market for 5G products expands.