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GCT Semiconductor Holding, Inc. (GCTS) 10-Year Financial Performance & Capital Metrics

GCTS • • Industrial / General
TechnologySemiconductorsConnectivity & Communication SemiconductorsWireless Connectivity
AboutGCT Semiconductor Holding, Inc., operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry. The company provides RF and modem chipsets based on 4G LTE technology, including 4G LTE, 4.5G LTE Advanced, and 4.75G LTE Advanced-Pro. It also develops and sells cellular IoT chipsets for low-speed mobile networks such as eMTC/NB-IOT/Sigfox, and other network protocols; and 5G solutions. Its products and solutions are used in smartphones, tablets, hotspots, CPEs, USB dongles, routers, and M2M applications. The company sells its products directly or indirectly through distributors to original equipment manufacturers and original design manufacturers primarily in Taiwan, China, Korea and Japan, Europe, North America and South America. The company was formerly known as Global Communication Technology, Inc. GCT Semiconductor Holding, Inc. was founded in 1998 and is headquartered in San Jose, California.Show more
  • Revenue $9M -43.0%
  • EBITDA -$12M +7.6%
  • Net Income -$12M +44.9%
  • EPS (Diluted) -0.27 +47.1%
  • Gross Margin 55.61% +32.4%
  • EBITDA Margin -129.24% -62.2%
  • Operating Margin -143.76% -58.3%
  • Net Margin -135.62% +3.3%
  • ROE -
  • ROIC -
  • Debt/Equity -
  • Interest Coverage -3.39 -45.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 20 (bottom 20%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-29.02%
TTM-66.24%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-123.83%

EPS CAGR

10Y-
5Y-
3Y-
TTM-31.29%

ROCE

10Y Avg-10.42%
5Y Avg-10.42%
3Y Avg-15.79%
Latest-

Peer Comparison

Wireless Connectivity
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
QRVOQorvo, Inc.7.42B80.29138.43-1.34%5.95%6.21%6.53%0.46
QCOMQUALCOMM Incorporated177.03B165.2932.9913.66%12.51%26.13%7.24%0.70
NXPINXP Semiconductors N.V.60.17B239.0924.57-4.99%17.11%19.77%3.42%1.14
SWKSSkyworks Solutions, Inc.8.77B58.5018.99-2.18%11.67%8.29%12.61%0.21
SQNSSequans Communications S.A.85.6M5.490.289.56%-79.37%-11.09%0.30
PRSOPeraso Inc.9.4M1.01-0.285.99%-39%-140.79%0.09
MOBXMobix Labs, Inc.22.63M0.24-0.41426.31%-381.82%-98.68%0.88
GCTSGCT Semiconductor Holding, Inc.66.24M1.16-4.30-43.05%-10.1%

Profit & Loss

Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+25.52M16.67M16.03M9.13M
Revenue Growth %--0.35%-0.04%-0.43%
Cost of Goods Sold+17.36M11.62M9.29M4.05M
COGS % of Revenue0.68%0.7%0.58%0.44%
Gross Profit+8.16M5.05M6.73M5.08M
Gross Margin %0.32%0.3%0.42%0.56%
Gross Profit Growth %--0.38%0.33%-0.25%
Operating Expenses+25.96M27.81M21.29M18.2M
OpEx % of Revenue1.02%1.67%1.33%1.99%
Selling, General & Admin6.83M10.42M10.58M14.72M
SG&A % of Revenue0.27%0.63%0.66%1.61%
Research & Development19.13M17.39M10.71M17.33M
R&D % of Revenue0.75%1.04%0.67%1.9%
Other Operating Expenses000-13.85M
Operating Income+-17.8M-22.75M-14.56M-13.12M
Operating Margin %-0.7%-1.36%-0.91%-1.44%
Operating Income Growth %--0.28%0.36%0.1%
EBITDA+-16.52M-21.21M-12.77M-11.8M
EBITDA Margin %-0.65%-1.27%-0.8%-1.29%
EBITDA Growth %--0.28%0.4%0.08%
D&A (Non-Cash Add-back)1.29M1.55M1.79M1.32M
EBIT-21.91M-22.93M-15.68M-8.07M
Net Interest Income+-4.54M-3.36M-6.25M-3.87M
Interest Income1K4K00
Interest Expense4.54M3.36M6.25M3.87M
Other Income/Expense-8.65M-3.54M-7.37M1.19M
Pretax Income+-26.45M-26.29M-21.93M-11.93M
Pretax Margin %-1.04%-1.58%-1.37%-1.31%
Income Tax+359K121K541K445K
Effective Tax Rate %1.01%1%1.02%1.04%
Net Income+-26.81M-26.41M-22.47M-12.38M
Net Margin %-1.05%-1.58%-1.4%-1.36%
Net Income Growth %-0.01%0.15%0.45%
Net Income (Continuing)-26.81M-26.41M-22.47M-12.38M
Discontinued Operations0000
Minority Interest0000
EPS (Diluted)+0.21-0.65-0.51-0.27
EPS Growth %--4.1%0.22%0.47%
EPS (Basic)0.210.55-0.51-0.27
Diluted Shares Outstanding43.91M43.91M43.91M45.65M
Basic Shares Outstanding43.91M43.91M43.91M45.65M
Dividend Payout Ratio----

Balance Sheet

Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.61M12.89M13.01M17.59M
Cash & Short-Term Investments1.21M1.4M258K1.44M
Cash Only1.21M1.4M258K1.44M
Short-Term Investments0000
Accounts Receivable05.34M8.36M10.92M
Days Sales Outstanding-116.91190.36436.54
Inventory03.48M1.76M2.98M
Days Inventory Outstanding-109.3569.32268.17
Other Current Assets002.19M389K
Total Non-Current Assets+352.25M3.59M3.42M2.62M
Property, Plant & Equipment01.92M2.29M1.72M
Fixed Asset Turnover-8.68x6.99x5.31x
Goodwill0000
Intangible Assets0672K245K65K
Long-Term Investments351.92M000
Other Non-Current Assets323.99K993K881K837K
Total Assets+353.86M16.48M16.43M19.9M
Asset Turnover0.07x1.01x0.98x0.46x
Asset Growth %--0.95%-0%0.21%
Total Current Liabilities+312.17K81.91M114.8M60.92M
Accounts Payable019.02M17.81M1.03M
Days Payables Outstanding-597.56699.692.87
Short-Term Debt049.5M72.3M37.63M
Deferred Revenue (Current)0651K048K
Other Current Liabilities312.17K104K890K1.15M
Current Ratio5.16x0.16x0.11x0.29x
Quick Ratio5.16x0.11x0.10x0.24x
Cash Conversion Cycle--371.3-439.93611.83
Total Non-Current Liabilities+36.22M29.5M17.06M18.29M
Long-Term Debt5.49M20.02M6.24M4.95M
Capital Lease Obligations0570K850K177K
Deferred Tax Liabilities0000
Other Non-Current Liabilities30.73M8.9M9.97M13.17M
Total Liabilities36.53M111.41M131.87M79.21M
Total Debt+5.49M70.34M80.07M43.45M
Net Debt4.28M68.94M79.81M42.01M
Debt / Equity0.02x---
Debt / EBITDA----
Net Debt / EBITDA----
Interest Coverage-3.92x-6.76x-2.33x-3.39x
Total Equity+317.32M-94.93M-115.44M-59.31M
Equity Growth %--1.3%-0.22%0.49%
Book Value per Share7.23-2.16-2.63-1.30
Total Shareholders' Equity317.32M-94.93M-115.44M-59.31M
Common Stock351.9M128K3K5K
Retained Earnings-34.58M-527.18M-549.65M-562.03M
Treasury Stock0000
Accumulated OCI0-1.86M-1.54M1.52M
Minority Interest0000

Cash Flow

Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-17.74M-18.09M-8.83M-30.96M
Operating CF Margin %-0.7%-1.09%-0.55%-3.39%
Operating CF Growth %--0.02%0.51%-2.51%
Net Income-26.81M-26.41M-22.47M-12.38M
Depreciation & Amortization1.29M1.55M1.79M1.32M
Stock-Based Compensation20K17K43K2.7M
Deferred Taxes0000
Other Non-Cash Items4.84M1.04M2.52M-13.77M
Working Capital Changes2.92M5.72M9.29M-8.84M
Change in Receivables-1.91M633K-4.12M-2.01M
Change in Inventory320K-1.77M1.99M-1.49M
Change in Payables5.89M6.14M296K-2.56M
Cash from Investing+-637K-903K-331K-542K
Capital Expenditures-503K-623K-331K-542K
CapEx % of Revenue0.02%0.04%0.02%0.06%
Acquisitions----
Investments----
Other Investing-134K-280K00
Cash from Financing+10.57M19.27M8.15M36.47M
Debt Issued (Net)----
Equity Issued (Net)----
Dividends Paid0000
Share Repurchases----
Other Financing48K51K23K17.25M
Net Change in Cash----
Free Cash Flow+-18.38M-18.99M-9.16M-31.5M
FCF Margin %-0.72%-1.14%-0.57%-3.45%
FCF Growth %--0.03%0.52%-2.44%
FCF per Share-0.42-0.43-0.21-0.69
FCF Conversion (FCF/Net Income)0.66x0.68x0.39x2.50x
Interest Paid3.61M4.17M2.26M5.15M
Taxes Paid122K333K116K269K

Key Ratios

Metric2021202220232024
Return on Equity (ROE)-8.45%-23.75%--
Return on Invested Capital (ROIC)-4.15%-11.55%--
Gross Margin31.97%30.31%42.01%55.61%
Net Margin-105.04%-158.45%-140.19%-135.62%
Debt / Equity0.02x---
Interest Coverage-3.92x-6.76x-2.33x-3.39x
FCF Conversion0.66x0.68x0.39x2.50x
Revenue Growth--34.69%-3.85%-43.05%

Frequently Asked Questions

Growth & Financials

GCT Semiconductor Holding, Inc. (GCTS) reported $3.9M in revenue for fiscal year 2024. This represents a 85% decrease from $25.5M in 2021.

GCT Semiconductor Holding, Inc. (GCTS) saw revenue decline by 43.0% over the past year.

GCT Semiconductor Holding, Inc. (GCTS) reported a net loss of $39.3M for fiscal year 2024.

Dividend & Returns

GCT Semiconductor Holding, Inc. (GCTS) had negative free cash flow of $27.2M in fiscal year 2024, likely due to heavy capital investments.

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