GCT Semiconductor Holding, Inc. (GCTS) Q1 2025 Earnings Call Transcript

GCT Semiconductor Holding, Inc. (NYSE:GCTS) Q1 2025 Results Conference Call May 14, 2025 4:30 PM ET

Company Participants

John Schlaefer - Chief Executive Officer
Edmond Cheng - Chief Financial Officer

Conference Call Participants

Craig Ellis - B. Riley Securities

Operator

Good afternoon. Thank you for attending GCT Semiconductor Holding, Inc.'s First Quarter 2025 Financial Results Call. All line will be muted during the presentation portion of the call with the opportunity for questions-and-answers at the end.

Joining the call today are John Schlaefer, GCT's Chief Executive Officer; and Edmond Cheng, CFO, to discuss the first quarter 2025 results.

During this call, certain statements we make will be forward-looking. These statements are subject to risks and uncertainties, including those set forth in our safe harbor provision for forward-looking statements that can be found at the end of our earnings press release and also in our Form 10-Q that will be filed today, which provide further detail about the risks related to our business. Additionally, except as required by law, we undertake no obligation to update any forward-looking statement.

I will now turn the call over to John Schlaefer.

John Schlaefer

Thank you, and thanks to everyone for joining us today for our first quarter 2025 earnings call. I'll focus my remarks on our 5G chipset and important partnership updates within our 2025GCT-Year of 5G program, and Edmond, our CFO, will provide details for our first quarter financial disclosure.

And without any further delay, I am pleased to say that we've officially begun the 5G product era here at GCT. And as I use the one-yard line analogy during last quarter's earnings call, we are officially in the end zone.

As a result of our focused efforts under the 2025GCT-Year of 5G program, we are currently evaluating our finalized 5G chipset in our