GigaMedia Announces Third-Quarter 2024 Financial Results
GigaMedia Limited - Ordinary Shares (GIGM)
US:NASDAQ Investor Relations:
gigamedia.com
Company Research
Source: PR Newswire
TAIPEI, Oct. 30, 2024 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced its third-quarter 2024 unaudited financial results.Comments from ManagementIn the third quarter of 2024, GigaMedia reported revenues of $0.77 million, with a gross profit of $0.37 million, an operating loss of $1.01 million and a net loss of $0.32 million.If compared to last quarter, the total revenues increased by 6.7% and gross profit by 3.3% , while gross profit margin at 48.4% was slightly lower than 49.9% last quarter.In the following quarter, we will be enhancing the social networking function in our games to promote our players' community and to strengthen stickiness of our games.Third Quarter OverviewRevenues increased by 6.7% quarter-on-quarter to approximately $0.77 million from $0.72 million last quarter.Consolidated loss from operations for the third quarter of 2024 amounted to $1.01 million, slightly reduced from a loss of $1.05 million last quarter.The net asset value was around $3.78
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- GigaMedia Limited (NASDAQ: GIGM) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- GigaMedia Limited (NASDAQ: GIGM) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- GigaMedia Limited (NASDAQ: GIGM) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- GigaMedia Limited (NASDAQ: GIGM) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- GigaMedia Limited (NASDAQ: GIGM) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat