GSI Technology, Inc. (NASDAQ:GSIT) Q1 2025 Earnings Conference Call July 25, 2024 4:30 PM ET
Company Participants
Lee-Lean Shu - Chairman, President & Chief Executive Officer
Didier Lasserre - Vice President, Sales
Douglas Schirle - Chief Financial Officer
Conference Call Participants
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the GSI Technology's First Quarter Fiscal 2025 Results Conference Call. At this time, all participants are in a listen-only-mode. Later, we will conduct a question-and-answer session. At this time, we will provide instructions for those interested in entering the queue for Q&A.
Before we begin today's call, the company has requested that I read the following safe harbor statement. The matters discussed in this conference call may include forward-looking statements regarding future events and the future performance of GSI Technology that involves risks and uncertainties that would cause actual results to differ materially from those anticipated. These risks and uncertainties are described in the company's Form 10-K filed with the Securities and Exchange Commission. Additionally, I have also been asked to advise you that this conference call is being recorded today, July 25, 2024 at the request of GSI Technology.
Hosting the call today is Lee-Lean Shu, the company's Chairman, President and Chief Executive Officer. With him are Douglas Schirle, Chief Financial Officer; and Didier Lasserre, Vice President of Sales.
I would now like to turn the call over to Mr. Shu. Please go ahead, sir.
Lee-Lean Shu
Good day, everyone, and welcome to our first quarter FY 2025 earnings call. Let's start with the Q1 results. Our first quarter revenue of $4.7 million was within our guidance range despite lower SigmaQuad sales and low sales to our military prime contractors. Additionally, the mix of products we saw affected our gross margin, causing gross margin to come in at a low range, lower end of our guidance