Filing Flows › GCT Semiconductor Holding (GCTS) › Q4 2024
GCT Semiconductor Holding (GCTS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 25, 2025
GCT Semiconductor Holding (GCTS) reported revenue of $1.8M for the fourth quarter 2024 (Q4 2024), -57% from a year earlier and -32% from the quarter before. Operating margin was -412.7%, net loss $5.0M (278.5% of revenue).
GCT Semiconductor Holding, Q4 2024: revenue $1.8M (-57% year over year), operating margin -412.7%, net loss $5.0M, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8M | -32% | -57% |
| Operating profit | −$7.4M | — | — |
| Net earnings | −$5.0M | — | — |
| Operating cash flow | −$2.3M | — | — |
What changed
Revenue was $1.8M in Q4 2024, down 57% year over year and down 32% from the previous quarter. Service was the largest line at 63% of revenue.
Gross margin was 32.3%, down 12.0 points from a year earlier. Operating costs exceeded revenue by $7.4M, an operating margin of -412.7%. Operating expenses grew 29% against a revenue fall of 57%. The fastest-growing cost line was General & admin (+47%). The quarter ended with a net loss of $5.0M, narrower than the previous quarter's $7.1M loss. Non-operating items added $2.7M, -56% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.3M. Non-cash charges added back $163K of depreciation and amortization and $581K of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $357K exceeded it, leaving free cash flow of −$2.6M.
Questions
What was GCT Semiconductor Holding's revenue in the fourth quarter 2024?
GCT Semiconductor Holding (GCTS) reported revenue of $1.8M for the fourth quarter 2024 (Q4 2024), -57% from a year earlier and -32% from the quarter before.
Was GCT Semiconductor Holding profitable in the fourth quarter 2024?
Operating loss was $7.4M (-412.7% of revenue) and net loss $5.0M.