Sigma Designs, Inc. Reports Fourth Quarter and Fiscal Year 2018 Financial Results
SIGMA DESIGNS (SIGM)
Last sigma designs earnings: 12/7 04:15 pm
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US:NASDAQ Investor Relations:
sigmadesigns.com/ir
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Source: GlobeNewswire
FREMONT, Calif., April 20, 2018 (GLOBE NEWSWIRE) -- Sigma Designs, Inc.® (NASDAQ:SIGM), a developer of technology for use in the mobile Internet of Things (IoT) market, today reported financial results for its fourth quarter and fiscal year 2018, which ended February 3, 2018. Due to the previously announced asset sale to Silicon Labs (NASDAQ:SLAB) the Company will not hold an earnings conference call. Fourth Quarter Fiscal 2018 Financial Results Net revenue for the fourth quarter of fiscal 2018 was $26.5 million. This compares with net revenue of $33.9 million reported in the previous quarter, and net revenue of $42.7 million in the same period in fiscal 2017. GAAP gross margin in the fourth quarter of fiscal 2018 was 42.1%. This compares with GAAP gross margin of 50.5% in the previous quarter, and GAAP gross margin of 50.1% for the same period in fiscal 2017. Non-GAAP gross margin in the fourth quarter of fiscal 2018 was 38.0%. This compares with non-GAAP gross margin of
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