GigaMedia Announces Second-Quarter 2024 Financial Results

TAIPEI, July 31, 2024 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced its second-quarter 2024 unaudited financial results.Comments from ManagementIn the second quarter of 2024, GigaMedia reported revenues of $0.72 million, with a gross profit$0.36 million, an operating loss of $1.05 million and the net loss of$0.61 million.While the revenues were comparable to those in the first quarter 2024, both our gross profit and loss from operations were improved, and the net loss was slashed by $0. ...