GCT Semiconductor Holding Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
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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.
Mar 31, 2024 · Filed May 14, 2024
GCTS$1.45+5.1%Stored close · as of Nov 10, 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 Ended | |||||
| · · March 31, | ||||||
| · · 2024 · · 2023 | ||||||
| Net revenues: · · | ||||||
| Product | | $2,378 | | $599 | ||
| Service | | 887 | | 2,463 | ||
| Total net revenues | | 3,265 | | 3,062 | ||
| Cost of net revenues: | | | ||||
| Product | | 654 | | 978 | ||
| Service | | 658 | | 563 | ||
| Total cost of net revenues | | 1,312 | | 1,541 | ||
| Gross profit | | 1,953 | | 1,521 | ||
| Operating expenses: | | | ||||
| Research and development | | 5,521 | | 902 | ||
| Sales and marketing | | 996 | | 836 | ||
| General and administrative | | 2,836 | | 1,477 | ||
| Gain on extinguishment of liability | | (14,636) | | — | ||
| Total operating (income) expenses | | (5,283) | | 3,215 | ||
| Income (loss) from operations | | 7,236 | | (1,694) | ||
| Interest expense | | (2,082) | | (935) | ||
| Other (expenses) income, net | | (4,338) | | 1,286 | ||
| Income (loss) before provision for income taxes | | 816 | | (1,343) | ||
| Provision for income taxes | | 59 | | 50 | ||
| Net income (loss) | | 757 | | (1,393) | ||
| | | | | | | |
| Net income (loss) per common share(1): | | | ||||
| Basic | | $0.03 | | $(0.06) | ||
| Diluted | | $0.03 | | $(0.06) | ||
| Weighted-average shares used in computing net income (loss) per common shares(1): | | | ||||
| Basic | | 25,468 | | 23,862 | ||
| Diluted | | 26,257 | | 23,862 | ||
| (1) | Amounts as of December 31, 2023 and before that date differ from those in prior year consolidated financial statements as they were retrospectively adjusted as a result of the accounting for the Business Combination (as defined in the Notes to the Unaudited Condensed Consolidated Financial Statements). |
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