NEW YORK (TheStreet) -- Sigma Designs Inc. (SIGM) reported a net loss for the fiscal 2015 second quarter of $7.6 million, or a loss of 22 cents per share, compared to a loss of $4.8 million, or 14 cents per share for the fiscal 2014 second quarter.
The company, which is a provider of system-on-chip solutions, said non-GAAP net loss for the most recent quarter was $2 million, or 6 cents per diluted share, compared to a net income of $2 million, or 6 cents per diluted share for prior year's second quarter.
Analyst polled by FactSet expected Sigma to post an earnings per share loss of 8 cents for the quarter.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Sigma said its fiscal 2015 second quarter revenue grew by 20.4% to $42.8 million versus $53.8 million for the same period last year.
Analysts were expecting revenue of $42 million.
Shares of Sigma Designs are higher by 2.60% to $5.13 in after-hours trading today.
Separately, TheStreet Ratings team rates SIGMA DESIGNS INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate SIGMA DESIGNS INC (SIGM) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself."
You can view the full analysis from the report here: SIGM Ratings Report