GigaMedia Announces Second-Quarter 2025 Financial Results
GigaMedia (NASDAQ: GIGM) reported its Q2 2025 financial results, showing mixed performance. The company recorded revenues of $0.87 million, up 20.4% year-over-year, with a gross profit of $0.48 million, representing a 32.5% increase from Q2 2024.
Despite an operating loss of $0.92 million, the company achieved a net income of $0.84 million, primarily due to foreign exchange gains, improving from a net loss of $0.68 million in Q1 2025. GigaMedia maintains a strong financial position with $31.2 million in cash and equivalents, equivalent to $2.82 per share, and reports a net asset value of $3.57 per share.
The company plans to focus on enhancing product productivity while pursuing strategic expansion opportunities in the second half of 2025.
GigaMedia (NASDAQ: GIGM) ha comunicato i risultati finanziari del secondo trimestre 2025, evidenziando performance contrastanti. L'azienda ha registrato ricavi per 0,87 milioni di dollari, in crescita del 20,4% su base annua, con un utile lordo di 0,48 milioni di dollari, pari a un incremento del 32,5% rispetto al secondo trimestre 2024.
Nonostante una perdita operativa di 0,92 milioni di dollari, la societ脿 ha conseguito un utile netto di 0,84 milioni di dollari, principalmente grazie a guadagni da cambi valutari, migliorando rispetto a una perdita netta di 0,68 milioni di dollari nel primo trimestre 2025. GigaMedia mantiene una solida posizione finanziaria con 31,2 milioni di dollari in liquidit脿 e equivalenti, pari a 2,82 dollari per azione, e riporta un valore patrimoniale netto di 3,57 dollari per azione.
La societ脿 intende concentrarsi sull'aumento della produttivit脿 dei prodotti, perseguendo al contempo opportunit脿 di espansione strategica nella seconda met脿 del 2025.
GigaMedia (NASDAQ: GIGM) present贸 sus resultados financieros del segundo trimestre de 2025, mostrando un desempe帽o mixto. La compa帽铆a registr贸 ingresos de 0,87 millones de d贸lares, un aumento del 20,4% interanual, con un beneficio bruto de 0,48 millones de d贸lares, lo que representa un incremento del 32,5% respecto al segundo trimestre de 2024.
A pesar de una p茅rdida operativa de 0,92 millones de d贸lares, la empresa logr贸 un ingreso neto de 0,84 millones de d贸lares, principalmente debido a ganancias por cambios de moneda, mejorando desde una p茅rdida neta de 0,68 millones en el primer trimestre de 2025. GigaMedia mantiene una s贸lida posici贸n financiera con 31,2 millones de d贸lares en efectivo y equivalentes, equivalentes a 2,82 d贸lares por acci贸n, y reporta un valor neto de activos de 3,57 d贸lares por acci贸n.
La compa帽铆a planea enfocarse en mejorar la productividad de sus productos mientras busca oportunidades de expansi贸n estrat茅gica en la segunda mitad de 2025.
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GigaMedia (NASDAQ : GIGM) a publi茅 ses r茅sultats financiers du deuxi猫me trimestre 2025, affichant des performances mitig茅es. La soci茅t茅 a enregistr茅 un chiffre d'affaires de 0,87 million de dollars, en hausse de 20,4 % sur un an, avec un b茅n茅fice brut de 0,48 million de dollars, soit une augmentation de 32,5 % par rapport au deuxi猫me trimestre 2024.
Malgr茅 une perte d'exploitation de 0,92 million de dollars, l'entreprise a r茅alis茅 un b茅n茅fice net de 0,84 million de dollars, principalement gr芒ce 脿 des gains de change, s'am茅liorant par rapport 脿 une perte nette de 0,68 million au premier trimestre 2025. GigaMedia maintient une solide position financi猫re avec 31,2 millions de dollars en liquidit茅s et 茅quivalents, soit 2,82 dollars par action, et rapporte une valeur nette d'actif de 3,57 dollars par action.
La soci茅t茅 pr茅voit de se concentrer sur l'am茅lioration de la productivit茅 de ses produits tout en poursuivant des opportunit茅s d'expansion strat茅gique au cours du second semestre 2025.
GigaMedia (NASDAQ: GIGM) hat seine Finanzergebnisse f眉r das zweite Quartal 2025 ver枚ffentlicht und dabei gemischte Leistungen gezeigt. Das Unternehmen erzielte Einnahmen von 0,87 Millionen US-Dollar, was einer Steigerung von 20,4 % im Jahresvergleich entspricht, sowie einen Bruttogewinn von 0,48 Millionen US-Dollar, was einem Anstieg von 32,5 % gegen眉ber dem zweiten Quartal 2024 entspricht.
Trotz eines operativen Verlusts von 0,92 Millionen US-Dollar erzielte das Unternehmen einen Nettogewinn von 0,84 Millionen US-Dollar, haupts盲chlich aufgrund von W盲hrungsgewinnen, und verbesserte sich damit gegen眉ber einem Nettoverlust von 0,68 Millionen US-Dollar im ersten Quartal 2025. GigaMedia verf眉gt 眉ber eine starke Finanzlage mit 31,2 Millionen US-Dollar an liquiden Mitteln und 脛quivalenten, was 2,82 US-Dollar pro Aktie entspricht, und meldet einen Nettoverm枚genswert von 3,57 US-Dollar pro Aktie.
Das Unternehmen plant, sich in der zweiten H盲lfte des Jahres 2025 auf die Steigerung der Produktivit盲t zu konzentrieren und gleichzeitig strategische Expansionsm枚glichkeiten zu verfolgen.
- Revenue increased 20.4% year-over-year to $0.87 million
- Gross profit grew 32.5% year-over-year to $0.48 million
- Net income improved to $0.84 million from a loss of $0.68 million in Q1
- Strong cash position of $31.2 million ($2.82 per share)
- Operating loss improved to $0.92 million from $0.97 million in Q1
- Operating loss continues at $0.92 million despite improvements
- Cash position decreased 14.2% year-over-year from $36.34 million
- Revenue growth quarter-over-quarter was minimal at 1.0%
- Cash decreased 0.7% from previous quarter
Insights
GigaMedia showed improved Q2 results with net income of $0.84M despite operating losses, driven by foreign exchange gains.
GigaMedia's Q2 2025 results present a mixed financial picture with some encouraging signs. Revenue increased to
The most significant development is the company's bottom line, which swung from a
The EBITDA figure provides additional insight, showing a positive
GigaMedia's strategy focuses on "healthy growth with a lean operation" while seeking strategic expansion opportunities. The company's strong cash position (
Comments from Management
In the second quarter of 2025, GigaMedia reported revenues of
While the operating results were improved slightly from those in the first quarter 2025, the bottom line was turned into net income from a net loss of
Currently we focused on fine-tuning the operation of our casual games and customer platform for upcoming summer vacation.
Second Quarter Overview
- Operating revenues slightly increased by approximately
1.0% quarter-on-quarter, from$0.86 million 20.4% year-over-year from$0.72 million - Gross profit increased by
3.7% to$0.48 million $0.46 million 32.5% compared to$0.36 million - The net asset value was
$3.57
Unaudited Consolidated Financial Results
GigaMedia Limited is a diversified provider of digital entertainment services. GigaMedia's digital entertainment service business FunTown develops and operates a suite of digital entertainments in
Unaudited consolidated results of GigaMedia are summarized in the table below.
For the Second Quarter
GIGAMEDIA 2Q25 UNAUDITED CONSOLIDATED FINANCIAL RESULTS | ||||||||||||||||||||||||
(unaudited, all figures in US$ thousands, except per share amounts) | 2Q25 | 1Q25 | Change | 2Q25 | 2Q24 | Change | ||||||||||||||||||
Revenues | 868 | 859 | 1.0听% | 868 | 721 | 20.4听% | ||||||||||||||||||
Gross Profit | 477 | 460 | 3.7听% | 477 | 360 | 32.5听% | ||||||||||||||||||
Loss from Operations | (918) | (970) | 听 听 听 听 听 听NM | (918) | (1,048) | 听 听 听 听 听 NM | ||||||||||||||||||
Net Income (Loss) Attributable to GigaMedia | 844 | (677) | 听 听 听 听 听 听NM | 844 | (612) | 听 听 听 听 听 NM | ||||||||||||||||||
Earnings (Loss) Per Share Attributable to GigaMedia, Diluted | 0.08 | (0.06) | 听 听 听 听 听 听NM | 0.08 | (0.06) | 听 听 听 听 听 NM | ||||||||||||||||||
EBITDA (A) | 423 | (1,086) | 听 听 听 听 听 听NM | 423 | (1,116) | 听 听 听 听 听 NM | ||||||||||||||||||
Cash, Cash Equivalents and Restricted Cash | 31,186 | 31,400 | (0.7)听% | 31,186 | 36,343 | (14.2)听% | ||||||||||||||||||
NM= Not Meaningful
(础)听听听听听听 EBITDA (earnings before interest, taxes, depreciation, and amortization) is provided as a supplement to results provided in accordance with
Second-Quarter Financial Results
- Consolidated revenues听for the second quarter of 2025 slightly increased by
1.0% quarter-on-quarter from$0.86 million 20.4% year-over-year from$0.72 million - Consolidated gross profit听飞补蝉
$0.48 million 3.7% quarter-on-quarter and by32.5% year-over-year. - Consolidated loss from operation听of the second quarter of 2025 was a loss of
$0.92 million $0.97 million - Net income听in the second quarter of 2025 was
$0.84 million $0.68 million - Cash, cash equivalents and restricted cash听at the end of the second quarter of 2025 amounted to
$31.2 million 0.7% from$31.4 million
Financial Position
GigaMedia maintained its solid financial position, with cash, cash equivalents and restricted cash amounted to
Business Outlook
The following forward-looking statements reflect GigaMedia's expectations as of July 31, 2025. Given potential changes in economic conditions and consumer spending, the evolving nature of digital entertainments, and various other risk factors, including those discussed in the Company's 2024 Annual Report on Form 20-F filed with the
"In the second half of 2025, we will dedicate ourselves to boosting the productivity of our products and services. GigaMedia will stick to the strategy of pursuing healthy growth with a lean operation while seeking for strategic expansion and new business," stated GigaMedia CEO James Huang.
As for new business, our management continues evaluating and pursuing prospects of strategic investment targets that are with potential to expand our business and create greater shareholder value.
Use of Non-GAAP Measures
To supplement GigaMedia's consolidated financial statements presented in accordance with US GAAP, the Company uses the following measure defined as non-GAAP by the SEC: EBITDA. Management believes that EBITDA (earnings before interest, taxes, depreciation, and amortization) is a useful supplemental measure of performance because it excludes certain non-cash items such as depreciation and amortization and that EBITDA is a measure of performance used by some investors, equity analysts and others to make informed investment decisions. EBITDA is not a recognized earnings measure under GAAP and does not have a standardized meaning. Non-GAAP measures such as EBITDA should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, other financial measures prepared in accordance with GAAP. A limitation of using EBITDA is that it does not include all items that impact the company's net income for the period. Reconciliations to the GAAP equivalents of the non-GAAP financial measures are provided on the attached unaudited financial statements.
About the Numbers in This Release
Quarterly results
All quarterly results referred to in the text, tables and attachments to this release are unaudited. The financial statements from which the financial results reported in this press release are derived have been prepared in accordance with
Q&A
For Q&A regarding the second quarter 2025 performance upon the release, investors may send the questions via email to [email protected], and the responses will be replied individually.
About GigaMedia
Headquartered in
The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding expected financial performance (as described without limitation in the "Business Outlook" section and in quotations from management in this press release) and GigaMedia's strategic and operational plans. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including but not limited to, our ability to license, develop or acquire additional online games that are appealing to users, our ability to retain existing online game players and attract new players, and our ability to launch online games in a timely manner and pursuant to our anticipated schedule. Further information on risks or other factors that could cause results to differ is detailed in GigaMedia's Annual Report on Form 20-F filed in April 2025 and its other filings with the United States Securities and Exchange Commission.
GIGAMEDIA LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS
Three months ended | Six months ended | |||||||||||||||||||
6/30/2025 | 3/31/2025 | 6/30/2024 | 6/30/2025 | 6/30/2024 | ||||||||||||||||
unaudited | unaudited | unaudited | unaudited | unaudited | ||||||||||||||||
USD | USD | USD | USD | USD | ||||||||||||||||
Operating revenues | ||||||||||||||||||||
Digital entertainment service revenues | 868 | 859 | 721 | 1,726 | 1,445 | |||||||||||||||
868 | 859 | 721 | 1,726 | 1,445 | ||||||||||||||||
Operating costs | ||||||||||||||||||||
Cost of digital entertainment service revenues | 391 | 399 | 361 | 790 | 741 | |||||||||||||||
391 | 399 | 361 | 790 | 741 | ||||||||||||||||
Gross profit | 477 | 460 | 360 | 936 | 704 | |||||||||||||||
Operating expenses | ||||||||||||||||||||
Product development and engineering expenses | 157 | 195 | 175 | 352 | 360 | |||||||||||||||
Selling and marketing expenses | 360 | 394 | 348 | 754 | 726 | |||||||||||||||
General and administrative expenses | 877 | 840 | 885 | 1,717 | 1,781 | |||||||||||||||
Other | 1 | 1 | 鈥� | 1 | 1 | |||||||||||||||
1,395 | 1,430 | 1,408 | 2,824 | 2,868 | ||||||||||||||||
Loss from operations | (918) | (970) | (1,048) | (1,888) | (2,164) | |||||||||||||||
Non-operating income (expense) | ||||||||||||||||||||
Interest income | 436 | 423 | 518 | 859 | 989 | |||||||||||||||
Foreign exchange gains (loss) - net | 1,330 | (133) | (87) | 1,197 | (362) | |||||||||||||||
Changes in the fair value of an instrument recognized at fair value | (9) | 3 | 3 | (6) | 13 | |||||||||||||||
Other-net | 5 | 鈥� | 2 | 5 | 10 | |||||||||||||||
1,762 | 293 | 436 | 2,055 | 650 | ||||||||||||||||
Income (loss) before income taxes | 844 | (677) | (612) | 167 | (1,514) | |||||||||||||||
Income tax expense | 鈥� | 鈥� | 鈥� | 鈥� | 鈥� | |||||||||||||||
Net income (loss) attributable to shareholders of GigaMedia | 844 | (677) | (612) | 167 | (1,514) | |||||||||||||||
Earnings (loss) per share attributable to GigaMedia: | ||||||||||||||||||||
Basic | 0.08 | (0.06) | (0.06) | 0.02 | (0.14) | |||||||||||||||
Diluted | 0.08 | (0.06) | (0.06) | 0.02 | (0.14) | |||||||||||||||
Weighted average shares outstanding: | ||||||||||||||||||||
Basic | 11,052 | 11,052 | 11,052 | 11,052 | 11,052 | |||||||||||||||
Diluted | 11,052 | 11,052 | 11,052 | 11,052 | 11,052 | |||||||||||||||
听
GIGAMEDIA LIMITED
CONSOLIDATED BALANCE SHEET
6/30/2025 | 3/31/2025 | 6/30/2024 | ||||||||||
unaudited | unaudited | unaudited | ||||||||||
USD | USD | USD | ||||||||||
Assets | ||||||||||||
Current assets | ||||||||||||
Cash and cash equivalents | 30,873 | 31,087 | 36,030 | |||||||||
Investment in securities-current | 鈥� | 鈥� | 鈥� | |||||||||
Accounts receivable - net | 167 | 145 | 198 | |||||||||
Prepaid expenses | 235 | 376 | 226 | |||||||||
Restricted cash | 313 | 313 | 313 | |||||||||
Other receivables | 259 | 268 | 496 | |||||||||
Other current assets | 140 | 130 | 142 | |||||||||
Total current assets | 31,987 | 32,319 | 37,405 | |||||||||
Investment in securities - noncurrent | 8,120 | 8,094 | 5,819 | |||||||||
Property, plant & equipment - net | 98 | 99 | 109 | |||||||||
Intangible assets - net | 4 | 6 | 8 | |||||||||
Prepaid licensing and royalty fees | 86 | 118 | 215 | |||||||||
Other assets | 1,403 | 1,210 | 1,264 | |||||||||
Total assets | 41,698 | 41,846 | 44,820 | |||||||||
Liabilities and equity | ||||||||||||
Accounts payable | 30 | 37 | 24 | |||||||||
Accrued compensation | 314 | 179 | 250 | |||||||||
Accrued expenses | 702 | 709 | 778 | |||||||||
Unearned revenue | 614 | 575 | 565 | |||||||||
Other current liabilities | 332 | 525 | 686 | |||||||||
Total current liabilities | 1,992 | 2,025 | 2,303 | |||||||||
Other liabilities | 286 | 35 | 253 | |||||||||
Total liabilities | 2,278 | 2,060 | 2,556 | |||||||||
Total equity | 39,420 | 39,786 | 42,264 | |||||||||
Total liabilities and equity | 41,698 | 41,846 | 44,820 | |||||||||
听
GIGAMEDIA LIMITED
RECONCILIATIONS OF NON-GAAP RESULTS OF OPERATIONS
Three months ended | Six months ended | |||||||||||||||||||
6/30/2025 | 3/31/2025 | 6/30/2024 | 6/30/2025 | 6/30/2024 | ||||||||||||||||
unaudited | unaudited | unaudited | unaudited | unaudited | ||||||||||||||||
USD | USD | USD | USD | USD | ||||||||||||||||
Reconciliation of Net Income (Loss) to EBITDA | ||||||||||||||||||||
Net income (loss) attributable to GigaMedia | 844 | (677) | (612) | 167 | (1,514) | |||||||||||||||
Depreciation | 13 | 12 | 12 | 26 | 24 | |||||||||||||||
Amortization | 2 | 2 | 2 | 4 | 5 | |||||||||||||||
Interest income | (436) | (423) | (518) | (859) | (989) | |||||||||||||||
Interest expense | 鈥� | 鈥� | 鈥� | 鈥� | 鈥� | |||||||||||||||
Income tax expense | 鈥� | 鈥� | 鈥� | 鈥� | 鈥� | |||||||||||||||
EBITDA | 423 | (1,086) | (1,116) | (662) | (2,474) | |||||||||||||||
听
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SOURCE GigaMedia
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