GCT Semiconductor Holding, Inc.

For the period ended Mar 31, 2025. Filed May 14, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 14, 2025

GCTS$1.45+5.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(unaudited, in thousands, except per share amounts)

	Three Months EndedMarch 31,
	2025	2024
Net revenues:
Product	$91	$2,378
Service	405	887
Total net revenues	496	3,265
Cost of net revenues:
Product	207	654
Service	201	658
Total cost of net revenues	408	1,312
Gross profit	88	1,953
Operating expenses:
Research and development	4,096	5,521
Sales and marketing	1,118	996
General and administrative	2,614	2,836
Gain on extinguishment of liability	—	(14,636)
Total operating expenses	7,828	(5,283)
Income (loss) from operations	(7,740)	7,236
Interest expense	(1,070)	(2,082)
Gain on foreign currency transactions, net	21	1,472
Change in fair value of common stock forward liability	295	—
Change in fair value of common stock warrant liabilities	1,649	(4,626)
Change in fair value of convertible promissory notes	(19)	(1,203)
Other income, net	1	19
Income (loss) before provision for income taxes	(6,863)	816
Provision for income taxes	105	59
Net income (loss)	$(6,968)	$757
Net income (loss) per common share:
Basic and diluted	$(0.15)	$0.03
Weighted average common shares outstanding:
Basic	47,606	25,468
Diluted	47,606	26,257

ContentsView on SEC.gov

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