GigaMedia Reports Q2 Financials and Growth Strategy

Gigamedia (GIGM) has released an update.

GigaMedia has released its second-quarter 2024 financial results, revealing a slight dip in revenues to $0.72 million, a moderate gross profit increase to $0.36 million, and a reduced net loss from $0.90 million to $0.61 million compared to the previous quarter. The company, focusing on digital entertainment services in Taiwan and Hong Kong, maintains a robust financial position with $36.3 million in cash reserves and continues to strategize for future growth and business expansion.

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