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Fabless designer and supplier of 4G, 5G, and IoT semiconductors
gctsemi.comLast updated
In short: GCT accelerated its 5G and UAV technology expansion through new strategic partnerships and reported a surge in chipset shipments.
This licensing agreement accelerates the development of high-performance control solutions for defense applications by combining GCT's cellular expertise with industrial wireless innovation.
Net revenues decreased 17.9% to $1.0 million, and net loss was $20.4 million, impacted by warrant liabilities. 5G chipset shipments rose 71% sequentially.
The company will host a conference call and webcast to discuss business update and financial results.
The company positions its 5G, satellite, and NTN connectivity as essential for real-time AI systems.
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