Revenue Update on GigaMedia Limited(NASDAQ:GIGM)

GigaMedia Limited(NASDAQ:GIGM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Earnings per share were $-0.19.

GigaMedia Limited (GIGM) shares turned negative on Wednesdays trading session with the shares closing down -0.07 points or -2.70% at a volume of 2,849. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.62. The peak price level was also seen at $2.62 while the days lowest was $2.51. Finally the shares closed at $2.52. The 52-week high of the shares is $3.7 while the 52-week low is $2.106. According to the latest information available, the market cap of the company is $28 M.

Several Insider Transactions has been reported to the SEC. On Dec 28, 2015, Collin Hwang (CEO) purchased 87,799 shares at $2.96 per share price.

GigaMedia Limited is a holding company with a portfolio of businesses providing online games and cloud computing services. The Company has online game operations in Taiwan Hong Kong and Macau and a cloud computing software and services business based in Taipei. In online games the Company owns 100% of and operates FunTown an online game portal in Taiwan and Hong Kong. It also owns a majority interest in FingerRockz a Taiwan-based developer and publisher of mobile games and applications. In cloud computing it owns 100% of and operates GigaCloud a provider of cloud computing solutions and related services focused on the cloud services market for small and medium-sized enterprises (SMEs) in Greater China. The Company’s portfolio of online games includes personal computer (PC)-based non-cash gambling or casino casual games including MahJong and various card and table games.

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