Revenues: Remained stable quarter-over-quarter at approximately $7.2 million, in line with the company's guidance.
Gross margin: Increased from the second quarter to approximately 68 percent, exceeding guidance.
Operating expenses: Decreased quarter-over-quarter to approximately
, in line with the company's guidance.
Loss from operations: Decreased quarter-over-quarter to approximately
, in line with expectations.
Cash, cash equivalents, restricted cash, and marketable securities-current: Increased approximately
sequentially as of
September 30, 2012
; total short-term borrowings decreased approximately
The financial results presented above are preliminary and subject to completion. GigaMedia's expectations with respect to these unaudited results are based on management estimates and information available at this time. As a result, these preliminary estimates may be different from the actual results that will be reflected in GigaMedia's consolidated financial statements for the third quarter of 2012 when they are released.
GigaMedia expects to announce its third-quarter 2012 financial results in the second half of November.
, GigaMedia Limited (
registration number: 199905474H) is a diversified provider of online games and cloud computing services. GigaMedia's online games business develops and operates a suite of games in
, with focus on Web-based/mobile games in emerging markets. The company's cloud computing business is focused on providing SMEs in
with critical communications services and IT solutions that increase flexibility, efficiency and competitiveness. More information on GigaMedia can be obtained from
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. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in April 2012.
For further information contact:
, Investor Relations DirectorTel: +886-2-2656-8016