GigaMedia (GIGM) Swings to Q2 Loss
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GigaMedia Announces Second-Quarter 2016 Financial Results
August 5, 2016 8:53 AM EDTTAIPEI, Taiwan, Aug. 5, 2016 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced its unaudited financial results for the second quarter of 2016. Gross profit increased 388% year-over-year to $1.1 million, and loss from operations decreased 66% year-over-year to $1.3 million.
Second Quarter Overview
Mobile and social games continued making stable contribution, maintained $2 million in revenues year-over-year. Consolidated gross profit for the second quarter of 2016 amounted to $1.1 million, an increase of 388% from $0.2 million a year before. Consolidated loss from operations for the second quartered of 2016 amounted to $1.3 million, a decrease of 66% from $3.8... More