Gigamedia (GIGM) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
GigaMedia Limited reported a 6.7% increase in revenues for the third quarter of 2024, reaching $0.77 million, compared to the previous quarter. Despite the rise in revenue, the company still faced an operating loss of $1.01 million and a net loss of $0.32 million. The company continues to maintain a strong cash position with $35.3 million in cash, cash equivalents, and restricted cash.
For further insights into GIGM stock, check out TipRanks’ Stock Analysis page.
