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GSI Technology: Fiscal 4Q Earnings Snapshot

SUNNYVALE, Calif. (AP) _ GSI Technology Inc. (GSIT) on Thursday reported a fiscal fourth-quarter loss of $102,000, after reporting a profit in the same period a year earlier.

The Sunnyvale, California-based company said it had a loss of less than 1 cent on a per-share basis.

The chipmaker posted revenue of $12.7 million in the period.

For the year, the company reported net income of $163,000, or 1 cent per share, swinging to a profit in the period. Revenue was reported as $51.5 million.

GSI Technology shares have increased 55% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.96, an increase of 8% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSIT at https://www.zacks.com/ap/GSIT