GigaMedia Announces Second-Quarter 2025 Financial Results

Core Viewpoint - GigaMedia Limited reported improved financial results for the second quarter of 2025, achieving a net income of $0.84 million, primarily due to foreign exchange gains, despite an operating loss of $0.92 million [2][14]. Financial Performance - Revenues for Q2 2025 were $0.87 million, a slight increase of 1.0% from Q1 2025 and a significant increase of 20.4% year-over-year from $0.72 million [5][6]. - Gross profit rose to $0.48 million, reflecting a 3.7% increase from Q1 2025 and a 32.5% increase compared to Q2 2024 [5][7]. - The operating loss improved to $0.92 million from $0.97 million in Q1 2025 and from a loss of $1.05 million in Q2 2024 [5][14]. - Net income turned positive at $0.84 million, compared to a net loss of $0.68 million in the previous quarter and a loss of $0.61 million in the same quarter last year [2][14]. - Earnings per share were reported at $0.08, a recovery from a loss of $0.06 per share in Q1 2025 [5][17]. Cash Position - As of June 30, 2025, GigaMedia had cash, cash equivalents, and restricted cash totaling $31.2 million, a decrease of 0.7% from $31.4 million at the end of Q1 2025 and a decline of 14.2% from $36.3 million year-over-year [8][14]. Business Strategy - The company is focusing on enhancing the operations of its casual games and customer platform in anticipation of the summer vacation period [3]. - GigaMedia's management is committed to pursuing healthy growth with a lean operation while exploring strategic expansion and investment opportunities to enhance shareholder value [10].