GCT Semiconductor Holding, Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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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.
Sep 30, 2025 · Filed Nov 12, 2025
GCTS$1.38+19.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(unaudited, in thousands, except per share amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net revenues: | ||||
| Product | $148 | $1,715 | $647 | $4,111 |
| Service | 282 | 895 | 1,461 | 3,232 |
| Total net revenues | 430 | 2,610 | 2,108 | 7,343 |
| Cost of net revenues: | ||||
| Product | 1,419 | 710 | 2,208 | 1,522 |
| Service | 61 | 274 | 484 | 1,321 |
| Total cost of net revenues | 1,480 | 984 | 2,692 | 2,843 |
| Gross profit (loss) | (1,050) | 1,626 | (584) | 4,500 |
| Operating expenses: | ||||
| Research and development | 3,258 | 4,210 | 10,868 | 13,895 |
| Sales and marketing | 1,048 | 949 | 3,187 | 2,921 |
| General and administrative | 3,898 | 2,379 | 9,947 | 8,075 |
| Gain on extinguishment of liability | — | — | — | (14,636) |
| Total operating expenses | 8,204 | 7,538 | 24,002 | 10,255 |
| Loss from operations | (9,254) | (5,912) | (24,586) | (5,755) |
| Interest expense | (1,783) | (667) | (4,385) | (3,509) |
| Gain (loss) on foreign currency transactions, net | 1,320 | (1,044) | (1,876) | 1,244 |
| Change in fair value of common stock forward liability | 16 | — | 311 | (586) |
| Change in fair value of common stock warrant liabilities | (3,812) | 759 | (3,173) | 2,761 |
| Change in fair value of convertible promissory notes | (164) | (165) | (340) | (1,354) |
| Other income (expenses), net | 6 | (31) | 16 | (21) |
| Loss before provision for income taxes | (13,671) | (7,060) | (34,033) | (7,220) |
| Provision for income taxes | 178 | 61 | 322 | 187 |
| Net loss | $(13,849) | $(7,121) | $(34,355) | $(7,407) |
| Net loss per common share: | ||||
| Basic and diluted | $(0.25) | $(0.16) | $(0.67) | $(0.19) |
| Weighted average common shares outstanding: | ||||
| Basic and diluted | 55,462 | 45,645 | 51,619 | 38,418 |
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