Filing Flows › GCT Semiconductor Holding (GCTS) › Q1 2025
GCT Semiconductor Holding (GCTS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
GCT Semiconductor Holding (GCTS) reported revenue of $496K for the first quarter 2025 (Q1 2025), -85% from a year earlier and -72% from the quarter before.
GCT Semiconductor Holding, Q1 2025: revenue $496K (-85% year over year), net loss $7.0M, operating cash flow −$8.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $496K | -72% | -85% |
| Operating profit | −$7.7M | — | — |
| Net earnings | −$7.0M | — | — |
| Operating cash flow | −$8.0M | — | — |
What changed
Revenue was $496K in Q1 2025, down 85% year over year and down 72% from the previous quarter. Service was the largest line at 82% of revenue. Product lost $2.3M year over year (down 96%), 83% of the total change.
Gross margin was 17.7%, down 42.1 points from a year earlier. Operating costs exceeded revenue by $7.7M, an operating margin of -1560.5%. The quarter ended with a net loss of $7.0M, wider than the previous quarter's $5.0M loss.
Operating cash flow was −$8.0M. Non-cash charges added back $170K of depreciation and amortization and $511K of share-based compensation. Working capital and other items used $1.7M. Capital expenditures of $118K exceeded it, leaving free cash flow of −$8.1M.
Questions
What was GCT Semiconductor Holding's revenue in the first quarter 2025?
GCT Semiconductor Holding (GCTS) reported revenue of $496K for the first quarter 2025 (Q1 2025), -85% from a year earlier and -72% from the quarter before.