Gigamedia (GIGM) has released an update.
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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.
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