GCT Semiconductor Q4 2025 Earnings Call Highlights: Transitioning to Commercialization, Navigating Challenges

GCT Semiconductor Holding Inc reported a 76% sequential increase in Q4 revenue growth, but a 69% decrease in full-year 2025 revenue to $2.9 million. Cost of net revenue increased by 16%, and gross margin was negative for the year. Research and development expenses decreased by 19%, while general and administrative expenses increased by 53%. The company entered a $20 million convertible note facility and has $0.6 million in cash and cash equivalents.