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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $16.0M | $9.1M | $2.9M |
| Gross profit | — | — | — | $6.7M | $5.1M | -$1.8M |
| Net income | — | — | $24.3M | -$22.5M | -$12.4M | -$43.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event Item 8.01
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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