GSI Technology(GSIT) - 2025 Q1 - Quarterly Results

EXHIBIT 99.1 Lee-Lean Shu, Chairman and Chief Executive Officer commented, "First quarter revenue of $4.7 million was within our guidance range despite lower sales of SigmaQuad SRAM and lower sales of our SRAM products to military prime contractors. To reverse this revenue decline, achieve financial stability and ultimately return to growth, we are focused on introducing new business lines with Gemini-I and Gemini-II. Cash on hand at June 30, 2024, which includes the net proceeds from the sale and leaseback ...