GSI Technology Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to a loss of 3 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 2 cents per share.
The per-share loss grew year over year from 1 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $684,380, compared with a loss of $345,630 in the prior-year period.
The normalized profit margin fell to negative 7.1% from negative 2.4% in the year-earlier period.
Total revenue decreased 9.2% on an annual basis to $12.9 million from $14.2 million, and total operating expenses decreased 5.2% from the prior-year period to $14.1 million from $14.9 million.
Reported net income totaled a loss of $904,480, or a loss of 4 cents per share, compared to income of $243,250, or 1 cents per share, in the year-earlier period.
