Needham & Company Raises Price Target on Sigma Designs (SIGM) Following 1Q16 Results
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Sigma Designs, Inc. Reports First Quarter Fiscal 2016 Financial Results
June 9, 2015 4:05 PM EDTMILPITAS, CA -- (Marketwired) -- 06/09/15 -- Sigma Designs (NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Smart TV, Internet of Things Devices for Smart home, IP-based set-top-boxes and Media Connectivity, today reported financial results for its first quarter of fiscal 2016, which ended May 2, 2015.
Financial Results
GAAP net revenues for the first quarter of fiscal 2016 were $55.9 million, up $1.1 million, or 1.9%, from $54.8 million reported in the previous quarter, and up $19.0 million, or 51.6%, from $36.9 million reported for the same period in fiscal 2015.
Non-GAAP net revenues for the first... More
