GCT Semiconductor Holding Inc. reported net revenues of $0.4 million for the third quarter ended September 30, 2025, representing an 84.0% decrease from $2.6 million in the same period of 2024. Gross margin for the third quarter of 2025 was negative and not meaningful due to low product revenue that did not fully absorb production overhead costs, compared to a 62% gross margin in the third quarter of 2024. Total operating expenses increased by 9.0% to $8.2 million from $7.5 million in the prior year period. The company recognized initial product revenue from 5G chipset sales and expects revenue to ramp up as 5G moves from sampling to deployment, with volume shipments anticipated in late fourth quarter 2025 or early first quarter 2026. Cash on hand at the end of the third quarter was $8.3 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GCT Semiconductor Holding Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000929638-25-004231), on November 12, 2025, and is solely responsible for the information contained therein.
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