GigaMedia Announces Second-Quarter 2018 Financial Results
GigaMedia Limited - Ordinary Shares (GIGM)
US:NASDAQ Investor Relations:
gigamedia.com
Company Research
Source: PR Newswire
TAIPEI, Taiwan, Aug. 1, 2018 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced its second-quarter 2018 unaudited financial results.Comments from ManagementIn the past one year, the Company has steadfastly implemented a prudent strategy in selecting, publishing and operating licensed games as well as developing its own digital entertainment services. While the second quarter saw a decrease in the Company's revenues, the components of the revenues were more robust than a year ago when the CEO James Huang was newly appointed."In online games, we continue to make progress in shifting our product mix, terminating products that are short-lived or nonperforming, and devoting to product line that comprises of long-lifespan games," said GigaMedia Limited CEO James Huang. "Games like Dragon indeed had brought surges in revenues in the prior quarters, but their short lifecycle made the initial investment in them highly risky when their revenues began dwindling a few months soon af
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- GigaMedia Limited (NASDAQ: GIGM) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- GigaMedia Limited (NASDAQ: GIGM) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- GigaMedia Limited (NASDAQ: GIGM) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- GigaMedia Limited (NASDAQ: GIGM) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
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