Sigma Designs (SIGM) Tops Q4 EPS by 7c
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Sigma Designs, Inc. Reports Fourth Quarter and Fiscal Year 2016 Financial Results
March 23, 2016 4:05 PM EDTFREMONT, CA -- (Marketwired) -- 03/23/16 -- Sigma Designs, Inc. (NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Connected Smart TV and Internet of Things (IoT) Devices, today reported financial results for its fourth quarter and fiscal year 2016, which ended January 30, 2016.
Financial Results
Net revenue for the fourth quarter of fiscal 2016 was $51.5 million, down $10.1 million, or 16.4%, from $61.6 million reported in the previous quarter, and down $3.3 million, or 6.0%, from $54.8 million reported for the same period in fiscal 2015.
GAAP gross margin in the fourth quarter of fiscal 2016... More
