GigaMedia Reports Q1 Financial Results with Losses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 04 2026
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Should l Buy GIGM?
Source: seekingalpha
- Financial Overview: GigaMedia reported a Q1 GAAP EPS of -$0.08, with revenues of $0.75 million reflecting a 9.4% decline compared to the previous year, indicating revenue pressures faced by the company.
- Stable Gross Profit: Despite the revenue drop, gross profit remained steady at approximately $0.42 million, comparable to the previous quarter, demonstrating effective cost control that helps mitigate overall financial losses.
- Operating Losses: The company reported an operating loss of $0.95 million and a net loss of $0.88 million, highlighting the need for GigaMedia to enhance its profitability and operational efficiency amidst declining revenues.
- Convertible Note Extension: GigaMedia extended its $7 million Aeolus convertible note to May 31, 2026, showcasing the company's flexibility in financing, aimed at supporting future financial stability.
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Analyst Views on GIGM
About GIGM
GigaMedia Ltd is a diversified provider of digital entertainment services in Taiwan, Hong Kong and Macau. The Company operates FunTown, a digital entertainment portal in Taiwan and Hong Kong. FunTown is focused on the high-growth mobile and browser-based casual games market in Asia. The Company provides MahJong and other casual games and role-playing and sports games. The role-playing and sports games include Tales Runner, Yume100, Shinobi Master New Link and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
GigaMedia Reports Q1 Financial Results with Losses
- Financial Overview: GigaMedia reported a Q1 GAAP EPS of -$0.08, with revenues of $0.75 million reflecting a 9.4% decline compared to the previous year, indicating revenue pressures faced by the company.
- Stable Gross Profit: Despite the revenue drop, gross profit remained steady at approximately $0.42 million, comparable to the previous quarter, demonstrating effective cost control that helps mitigate overall financial losses.
- Operating Losses: The company reported an operating loss of $0.95 million and a net loss of $0.88 million, highlighting the need for GigaMedia to enhance its profitability and operational efficiency amidst declining revenues.
- Convertible Note Extension: GigaMedia extended its $7 million Aeolus convertible note to May 31, 2026, showcasing the company's flexibility in financing, aimed at supporting future financial stability.
See More
GigaMedia Reports Q1 2026 Financial Results with Increased Losses
- Revenue Decline: GigaMedia reported revenues of $0.75 million for Q1 2026, reflecting a 9.4% decrease from the previous quarter, while maintaining a gross profit of $0.42 million, indicating the company's ability to sustain profitability under revenue pressure, though ongoing losses may undermine investor confidence.
- Widening Operating Loss: The company experienced an operating loss of $0.945 million this quarter, an improvement from $0.970 million year-over-year, yet it highlights the operational challenges faced, necessitating effective management strategies to enhance financial performance.
- Cash Flow Position: As of March 31, 2026, GigaMedia's cash and cash equivalents stood at $27.973 million, down 3.7% from the previous quarter, indicating potential pressure on maintaining operational liquidity, which could affect future investment capabilities.
- Future Outlook: Management stated intentions to continue exploring opportunities in the digital entertainment sector and plans to enhance shareholder value through strategic investments, despite risks associated with changing economic conditions, suggesting a long-term growth potential still exists.
See More
GigaMedia Reports FY 2023 Financial Results
- Financial Overview: GigaMedia reported a FY 2023 GAAP EPS of -$0.14, indicating challenges in profitability that could affect investor confidence moving forward.
- Revenue Growth: The company achieved revenues of $3.47 million, reflecting a 16.8% year-over-year increase, suggesting that despite losses, GigaMedia has managed to realize positive growth in revenue, highlighting certain growth potential in its operations.
- Convertible Note Extension: GigaMedia extended its $7 million Aeolus convertible note to May 31, 2026, demonstrating flexibility in financing that may help alleviate short-term financial pressures.
- Future Outlook: While current financial performance is concerning, the revenue growth and financing arrangements may support the company's strategic adjustments and market recovery, warranting investor attention on future developments.
See More
GigaMedia Reports 2025 Financial Highlights
- Revenue Growth: GigaMedia reported revenues of $3.5 million in 2025, a 17% increase from the previous year, primarily driven by efforts to enhance player engagement, thereby strengthening its market competitiveness.
- Gross Profit Improvement: The gross profit for 2025 reached $1.8 million, reflecting a 23.5% increase compared to 2024, indicating effective strategies in cost control and product development that further improved profitability.
- Reduced Net Loss: The net loss for 2025 was $1.5 million, significantly down from $2.3 million in 2024, showcasing the company's success in optimizing resource allocation and workforce rightsizing, which enhanced financial stability.
- Strong Cash Position: As of the end of 2025, GigaMedia maintained cash and cash equivalents of $29.1 million, ensuring a solid financial foundation to support future business expansion and investment initiatives.
See More
GigaMedia Extends Maturity Date of Convertible Note
- Convertible Note Extension: GigaMedia announced a second amendment with Aeolus Robotics Corporation to extend the maturity date of the $7 million convertible note to May 31, 2026, continuing to accrue interest at 4% per annum, aimed at supporting Aeolus's financing activities.
- Conversion Terms Clarified: The principal of the note may be converted in whole or in part upon maturity, prepayment, or certain events, such as Aeolus's next equity financing round or IPO, at the lower of $1.25 per share or 80% of the offering price, enhancing investor flexibility.
- Financing Support Intent: The implementation of this amendment is intended to support Aeolus's recent financing activities, indicating GigaMedia's ongoing commitment to its partner and the potential for additional transactions involving Aeolus securities in compliance with applicable laws, further solidifying their strategic relationship.
- Market Reaction: GigaMedia's stock price rose by 0.64% to close at $1.57, reflecting a positive market response to the amendment, which may bolster investor confidence in the company's future prospects.
See More
GigaMedia Enters Amendment Agreement with Aeolus for Convertible Note
- Convertible Note Amendment: GigaMedia has signed an agreement with Aeolus Robotics to amend the $7 million convertible note purchased in 2020, extending the due date to May 31, 2026, with an interest rate of 4%.
- Purpose of Financing Support: This amendment aims to support Aeolus in its recent financing activities, indicating GigaMedia's ongoing commitment and support for its investment, potentially strengthening their collaborative relationship.
- Conversion Terms Advantage: The amended note allows for conversion upon maturity, prepayment, or certain events, with a conversion price set at $1.25 per share or 80% of the offering price, providing flexible financing options.
- Ongoing Investment Review: GigaMedia will continue to review its investment alternatives and may enter into additional transactions of Aeolus's securities in accordance with applicable laws, demonstrating an openness to future investment opportunities.
See More
GigaMedia Reports Q1 Financial Results with Losses
- Financial Overview: GigaMedia reported a Q1 GAAP EPS of -$0.08, with revenues of $0.75 million reflecting a 9.4% decline compared to the previous year, indicating revenue pressures faced by the company.
- Stable Gross Profit: Despite the revenue drop, gross profit remained steady at approximately $0.42 million, comparable to the previous quarter, demonstrating effective cost control that helps mitigate overall financial losses.
- Operating Losses: The company reported an operating loss of $0.95 million and a net loss of $0.88 million, highlighting the need for GigaMedia to enhance its profitability and operational efficiency amidst declining revenues.
- Convertible Note Extension: GigaMedia extended its $7 million Aeolus convertible note to May 31, 2026, showcasing the company's flexibility in financing, aimed at supporting future financial stability.
See More
GigaMedia Reports Q1 2026 Financial Results with Increased Losses
- Revenue Decline: GigaMedia reported revenues of $0.75 million for Q1 2026, reflecting a 9.4% decrease from the previous quarter, while maintaining a gross profit of $0.42 million, indicating the company's ability to sustain profitability under revenue pressure, though ongoing losses may undermine investor confidence.
- Widening Operating Loss: The company experienced an operating loss of $0.945 million this quarter, an improvement from $0.970 million year-over-year, yet it highlights the operational challenges faced, necessitating effective management strategies to enhance financial performance.
- Cash Flow Position: As of March 31, 2026, GigaMedia's cash and cash equivalents stood at $27.973 million, down 3.7% from the previous quarter, indicating potential pressure on maintaining operational liquidity, which could affect future investment capabilities.
- Future Outlook: Management stated intentions to continue exploring opportunities in the digital entertainment sector and plans to enhance shareholder value through strategic investments, despite risks associated with changing economic conditions, suggesting a long-term growth potential still exists.
See More
GigaMedia Reports FY 2023 Financial Results
- Financial Overview: GigaMedia reported a FY 2023 GAAP EPS of -$0.14, indicating challenges in profitability that could affect investor confidence moving forward.
- Revenue Growth: The company achieved revenues of $3.47 million, reflecting a 16.8% year-over-year increase, suggesting that despite losses, GigaMedia has managed to realize positive growth in revenue, highlighting certain growth potential in its operations.
- Convertible Note Extension: GigaMedia extended its $7 million Aeolus convertible note to May 31, 2026, demonstrating flexibility in financing that may help alleviate short-term financial pressures.
- Future Outlook: While current financial performance is concerning, the revenue growth and financing arrangements may support the company's strategic adjustments and market recovery, warranting investor attention on future developments.
See More
GigaMedia Reports 2025 Financial Highlights
- Revenue Growth: GigaMedia reported revenues of $3.5 million in 2025, a 17% increase from the previous year, primarily driven by efforts to enhance player engagement, thereby strengthening its market competitiveness.
- Gross Profit Improvement: The gross profit for 2025 reached $1.8 million, reflecting a 23.5% increase compared to 2024, indicating effective strategies in cost control and product development that further improved profitability.
- Reduced Net Loss: The net loss for 2025 was $1.5 million, significantly down from $2.3 million in 2024, showcasing the company's success in optimizing resource allocation and workforce rightsizing, which enhanced financial stability.
- Strong Cash Position: As of the end of 2025, GigaMedia maintained cash and cash equivalents of $29.1 million, ensuring a solid financial foundation to support future business expansion and investment initiatives.
See More
GigaMedia Extends Maturity Date of Convertible Note
- Convertible Note Extension: GigaMedia announced a second amendment with Aeolus Robotics Corporation to extend the maturity date of the $7 million convertible note to May 31, 2026, continuing to accrue interest at 4% per annum, aimed at supporting Aeolus's financing activities.
- Conversion Terms Clarified: The principal of the note may be converted in whole or in part upon maturity, prepayment, or certain events, such as Aeolus's next equity financing round or IPO, at the lower of $1.25 per share or 80% of the offering price, enhancing investor flexibility.
- Financing Support Intent: The implementation of this amendment is intended to support Aeolus's recent financing activities, indicating GigaMedia's ongoing commitment to its partner and the potential for additional transactions involving Aeolus securities in compliance with applicable laws, further solidifying their strategic relationship.
- Market Reaction: GigaMedia's stock price rose by 0.64% to close at $1.57, reflecting a positive market response to the amendment, which may bolster investor confidence in the company's future prospects.
See More
GigaMedia Enters Amendment Agreement with Aeolus for Convertible Note
- Convertible Note Amendment: GigaMedia has signed an agreement with Aeolus Robotics to amend the $7 million convertible note purchased in 2020, extending the due date to May 31, 2026, with an interest rate of 4%.
- Purpose of Financing Support: This amendment aims to support Aeolus in its recent financing activities, indicating GigaMedia's ongoing commitment and support for its investment, potentially strengthening their collaborative relationship.
- Conversion Terms Advantage: The amended note allows for conversion upon maturity, prepayment, or certain events, with a conversion price set at $1.25 per share or 80% of the offering price, providing flexible financing options.
- Ongoing Investment Review: GigaMedia will continue to review its investment alternatives and may enter into additional transactions of Aeolus's securities in accordance with applicable laws, demonstrating an openness to future investment opportunities.
See More
