- GigaMedia press release ( NASDAQ: GIGM ): Q3 GAAP EPS of -$0.08.
- Revenue of $1.58M (+1.3% Y/Y).
- GigaMedia maintained its solid financial position, with cash, cash equivalents and restricted cash amounting to $39.6 million as of September 30, 2022, or $3.58 per share.
- "The inflation and worsening consumer sentiment is indeed posing a challenge to our digital entertainment business," said GigaMedia CEO James Huang, "and we will focus on cultivating long-term customer loyalty and improving our productivity. While the economic outlook may look bleak for the coming quarters, I am confident we can weather the storm and emerge stronger."
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GigaMedia GAAP EPS of -$0.08, revenue of $1.58M