GigaMedia Announces Third-Quarter 2024 Financial Results

TAIPEI, Oct. 30, 2024 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced its thirdquarter 2024 unaudited financial results. Comments from Management In 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 quar ...