GCT Semiconductor Holding, Inc. GCTS
GCT Semiconductor Holding, Inc. ("GCT" or the "Company") is a fabless semiconductor company that specializes in the design, manufacturing, and sale of communication semiconductors, including high-speed wireless communication technologies such as 5G/4.75G/4.5G/4G transceivers ("RF") and modems, which are essential for a wide variety of industrial, business-to-business ("B2B") and consumer applications. We have successfully developed and supplied communication semiconductor chipsets and modules to leading wireless operators worldwide, as well as to original design manufacturers ("ODMs") and original equipment manufacturers ("OEMs") for portable wireless routers (e.g., Mobile Router ("MiFi")), indoor and outdoor fixed wireless routers (e.g., customer premise equipment ("CPE")), industrial machine-to-machine ("M2M") applications and smartphones.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.9M | $9.1M | $16.0M | — | — | — |
| Cost of revenue | $4.7M | $4.1M | $9.3M | — | — | — |
| Gross profit | -$1.8M | $5.1M | $6.7M | — | — | — |
| R&D | $14.0M | $17.3M | $10.7M | — | — | — |
| SG&A | $16.5M | $10.8M | $7.4M | — | — | — |
| Operating income | -$36.5M | -$13.1M | -$14.6M | -$1.2M | — | — |
| Interest expense | $6.0M | $3.9M | $6.2M | — | — | — |
| Pre-tax income | -$42.5M | -$11.9M | -$21.9M | $25.3M | — | — |
| Income tax | $902.0K | $445.0K | $541.0K | $995.2K | — | — |
| Net income | -$43.4M | -$12.4M | -$22.5M | $24.3M | — | — |
| EPS, basic | -0.82 | -0.30 | -0.94 | — | — | — |
| EPS, diluted | -0.82 | -0.30 | -0.94 | — | — | — |
| Shares, diluted (wtd. avg.) | $52.9M | $40.6M | $24.0M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $590.0K | $1.4M | $258.0K | $1.4M | $1.2M | $0 |
| Short-term investments | — | — | — | $351.9M | $351.9M | — |
| Receivables | $2.6M | $5.7M | $4.9M | — | — | — |
| Inventory | $947.0K | $3.0M | $1.5M | — | — | — |
| Total current assets | $11.9M | $17.6M | $13.0M | $852.6K | $1.6M | — |
| Property, plant and equipment | $2.7M | $869.0K | $772.0K | — | — | — |
| Other intangibles | $0 | $65.0K | $245.0K | — | — | — |
| Total assets | $15.6M | $19.9M | $16.4M | $357.0M | $353.9M | — |
| Accounts payable | $628.0K | $1.0M | $17.8M | $79.6K | $309.4K | — |
| Short-term debt | $56.6M | $37.6M | $72.3M | — | — | — |
| Total current liabilities | $79.6M | $60.9M | $114.8M | $574.8K | $312.2K | — |
| Long-term debt | $6.0M | $4.9M | $6.2M | — | — | — |
| Total liabilities | $98.9M | $79.2M | $131.9M | $15.5M | $36.5M | — |
| Retained earnings | -$605.4M | -$562.0M | -$549.7M | -$14.1M | -$34.6M | — |
| Total equity | -$83.3M | -$59.3M | -$115.4M | -$94.9M | -$34.6M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$30.7M | -$31.0M | -$8.8M | -$1.5M | — | — |
| Depreciation and amortisation | $744.0K | $691.0K | $1.1M | — | — | — |
| Stock-based compensation | $6.3M | $2.7M | $43.0K | — | — | — |
| Capital expenditure | $2.4M | $542.0K | $331.0K | — | — | — |
| Investing cash flow | -$2.4M | -$542.0K | -$331.0K | $822.7K | — | — |
| Financing cash flow | $32.2M | $36.5M | $8.1M | — | — | — |
| Buybacks | — | — | $318.4M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-124183.
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